MANAGEMENT BY SUCCES: 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.
MANAGEMENT BY SUCCES
Largest movements
- Receivables within one year -€102,813
down €102,813 (-94.2%), from €109,161 to €6,348
of which Trade receivables: -€102,952
- Cash -€7,469
down €7,469 (-89.4%), from €8,352 to €883
mainly Other debts (-€49,161) and Contributions, distributions and other (-€35,000)
- Other debts -€49,161
down €49,161 (-100%), from €49,161 to €0
- Contributions -€35,000
down €35,000 (-80.3%), from €43,600 to €8,600
- Trade debts -€14,641
down €14,641 (-100%), from €14,641 to €0
- Profit (loss) carried forward -€8,574
down €8,574, from €7,204 to -€1,370
- Tax, wage and social debts -€2,907
down €2,907 (-100%), from €2,907 to €0
- Gross operating margin -€77,532
down €77,532, from €75,277 to -€2,256
- Staff costs -€69,735
down €69,735 (-100%), from €69,735 to €0
- Write-downs +€6,050
new in 2025: €6,050
- Taxes -€1,847
down €1,847 (-100%), from €1,847 to €0
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 | €117,513 | €7,230 | -€110,282 | -93.8% |
| Current assets | 29/58 | €117,513 | €7,230 | -€110,282 | -93.8% |
| Amounts receivable within one year | 40/41 | €109,161 | €6,348 | -€102,813 | -94.2% |
| Trade receivables | 40 | €109,002 | €6,050 | -€102,952 | -94.4% |
| Other amounts receivable | 41 | €159 | €298 | +€138 | +86.9% |
| Cash at bank and in hand | 54/58 | €8,352 | €883 | -€7,469 | -89.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €117,513 | €7,230 | -€110,282 | -93.8% |
| Equity | 10/15 | €50,804 | €7,230 | -€43,574 | -85.8% |
| Contributions | 10/11 | €43,600 | €8,600 | -€35,000 | -80.3% |
| Profit (loss) carried forward | 14 | €7,204 | -€1,370 | -€8,574 | |
| Amounts payable | 17/49 | €66,708 | €0 | -€66,708 | -100% |
| Amounts payable within one year | 42/48 | €66,708 | €0 | -€66,708 | -100% |
| Trade debts | 44 | €14,641 | €0 | -€14,641 | -100% |
| Suppliers | 440/4 | €14,641 | €0 | -€14,641 | -100% |
| Taxes, remuneration and social security | 45 | €2,907 | €0 | -€2,907 | -100% |
| Taxes | 450/3 | €2,907 | €0 | -€2,907 | -100% |
| Other amounts payable | 47/48 | €49,161 | €0 | -€49,161 | -100% |
| Remuneration, social security and pensions | 62 | €69,735 | €0 | -€69,735 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,050 | +€6,050 | |
| Other operating charges | 640/8 | €148 | €173 | +€25 | +17.0% |
| Gross operating margin | 9900 | €75,277 | -€2,256 | -€77,532 | |
| Operating profit (loss) | 9901 | €5,394 | -€8,479 | -€13,873 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €93 | €95 | +€2 | +2.0% |
| Recurring financial charges | 65 | €93 | €95 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €5,301 | -€8,574 | -€13,874 | |
| Income taxes | 67/77 | €1,847 | €0 | -€1,847 | -100% |
| Profit (loss) for the period | 9904 | €3,453 | -€8,574 | -€12,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,453 | -€8,574 | -€12,027 |
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 20 October 2026 via checked.be.