MANAGED WITH RESPECT AND NURTURING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MANAGED WITH RESPECT AND NURTURING
Largest movements
- Cash -€18,382
down €18,382 (-58.6%), from €31,375 to €12,993
mainly Other debts (-€27,401) and Tax, wage and social debts (-€1,368)
- Receivables within one year -€5,518
down €5,518 (-40.9%), from €13,487 to €7,969
of which Trade receivables: -€6,514
- Tangible fixed assets -€749
down €749 (-52.2%), from €1,434 to €685
of which Furniture and vehicles: -€749
- Other debts -€27,401
down €27,401 (-95.8%), from €28,606 to €1,205
- Trade debts +€4,493
up €4,493 (+6,494%), from €69 to €4,562
- Tax, wage and social debts -€1,368
down €1,368 (-20.0%), from €6,830 to €5,462
of which Taxes: -€2,368
- Gross operating margin -€26,365
down €26,365 (-84.1%), from €31,331 to €4,967
- Staff costs -€9,084
no longer reported in 2025 (was €9,084)
- Taxes -€2,033
down €2,033 (-36.1%), from €5,638 to €3,605
- Financial charges -€1,636
down €1,636 (-92.0%), from €1,779 to €143
- Depreciation +€379
up €379 (+33.8%), from €1,119 to €1,498
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,296 | €21,647 | -€24,649 | -53.2% |
| Fixed assets | 21/28 | €1,434 | €685 | -€749 | -52.2% |
| Tangible fixed assets | 22/27 | €1,434 | €685 | -€749 | -52.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,434 | €685 | -€749 | -52.2% |
| Current assets | 29/58 | €44,862 | €20,962 | -€23,900 | -53.3% |
| Amounts receivable within one year | 40/41 | €13,487 | €7,969 | -€5,518 | -40.9% |
| Trade receivables | 40 | €13,486 | €6,972 | -€6,514 | -48.3% |
| Other amounts receivable | 41 | €1 | €997 | +€995 | +78,987% |
| Cash at bank and in hand | 54/58 | €31,375 | €12,993 | -€18,382 | -58.6% |
| Total equity and liabilities | 10/49 | €46,296 | €21,647 | -€24,649 | -53.2% |
| Equity | 10/15 | €10,791 | €10,419 | -€372 | -3.5% |
| Reserves | 13 | €10,791 | €10,419 | -€372 | -3.5% |
| Distributable reserves | 133 | €10,791 | €10,419 | -€372 | -3.5% |
| Amounts payable | 17/49 | €35,505 | €11,229 | -€24,276 | -68.4% |
| Amounts payable within one year | 42/48 | €35,505 | €11,229 | -€24,276 | -68.4% |
| Trade debts | 44 | €69 | €4,562 | +€4,493 | +6,494% |
| Suppliers | 440/4 | €69 | €4,562 | +€4,493 | +6,494% |
| Taxes, remuneration and social security | 45 | €6,830 | €5,462 | -€1,368 | -20.0% |
| Taxes | 450/3 | €2,368 | - | -€2,368 | |
| Remuneration and social security | 454/9 | €4,462 | €5,462 | +€999 | +22.4% |
| Other amounts payable | 47/48 | €28,606 | €1,205 | -€27,401 | -95.8% |
| Remuneration, social security and pensions | 62 | €9,084 | - | -€9,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,119 | €1,498 | +€379 | +33.8% |
| Other operating charges | 640/8 | €62 | €93 | +€31 | +50.3% |
| Non-recurring operating charges | 66A | €13,301 | - | -€13,301 | |
| Gross operating margin | 9900 | €31,331 | €4,967 | -€26,365 | -84.1% |
| Operating profit (loss) | 9901 | €7,765 | €3,376 | -€4,389 | -56.5% |
| Financial charges | 65/66B | €1,779 | €143 | -€1,636 | -92.0% |
| Recurring financial charges | 65 | €1,779 | €143 | -€1,636 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €5,986 | €3,233 | -€2,753 | -46.0% |
| Income taxes | 67/77 | €5,638 | €3,605 | -€2,033 | -36.1% |
| Profit (loss) for the period | 9904 | €348 | -€372 | -€720 | |
| Profit (loss) for the period to be appropriated | 9905 | €348 | -€372 | -€720 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.