Management Interface: 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 Interface
Largest movements
- Receivables within one year +€11,951
new in 2025: €11,951
of which Trade receivables: +€11,500
- Tangible fixed assets -€9,473
down €9,473 (-3.2%), from €294,386 to €284,913
of which Land and buildings: -€9,473
- Profit (loss) carried forward +€9,085
up €9,085 (+5.8%), from -€157,439 to -€148,354
- Other debts -€5,896
no longer reported in 2025 (was €5,896)
- Tax, wage and social debts -€3,265
no longer reported in 2025 (was €3,265)
- Gross operating margin -€30,656
down €30,656 (-59.7%), from €51,336 to €20,680
- Depreciation -€960
down €960 (-9.2%), from €10,434 to €9,473
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.
Cash bridge derived
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 | €302,797 | €305,702 | +€2,905 | +1.0% |
| Fixed assets | 21/28 | €294,386 | €284,913 | -€9,473 | -3.2% |
| Tangible fixed assets | 22/27 | €294,386 | €284,913 | -€9,473 | -3.2% |
| Land and buildings | 22 | €261,386 | €251,912 | -€9,473 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €33,000 | €33,000 | = | 0.0% |
| Current assets | 29/58 | €8,411 | €20,790 | +€12,378 | +147.2% |
| Amounts receivable within one year | 40/41 | - | €11,951 | +€11,951 | |
| Trade receivables | 40 | - | €11,500 | +€11,500 | |
| Other amounts receivable | 41 | - | €451 | +€451 | |
| Cash at bank and in hand | 54/58 | €5,291 | €5,549 | +€259 | +4.9% |
| Deferred charges and accrued income | 490/1 | €3,120 | €3,289 | +€169 | +5.4% |
| Total equity and liabilities | 10/49 | €302,797 | €305,702 | +€2,905 | +1.0% |
| Equity | 10/15 | €289,561 | €298,646 | +€9,085 | +3.1% |
| Contributions | 10/11 | €447,000 | €447,000 | = | 0.0% |
| Capital | 10 | €447,000 | €447,000 | = | 0.0% |
| Issued capital | 100 | €447,000 | €447,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,439 | -€148,354 | +€9,085 | +5.8% |
| Amounts payable | 17/49 | €13,236 | €7,056 | -€6,180 | -46.7% |
| Amounts payable within one year | 42/48 | €13,236 | €7,056 | -€6,180 | -46.7% |
| Trade debts | 44 | €4,075 | €7,056 | +€2,981 | +73.1% |
| Suppliers | 440/4 | €4,075 | €7,056 | +€2,981 | +73.1% |
| Taxes, remuneration and social security | 45 | €3,265 | - | -€3,265 | |
| Taxes | 450/3 | €3,265 | - | -€3,265 | |
| Other amounts payable | 47/48 | €5,896 | - | -€5,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,434 | €9,473 | -€960 | -9.2% |
| Other operating charges | 640/8 | €2,058 | €2,121 | +€63 | +3.1% |
| Gross operating margin | 9900 | €51,336 | €20,680 | -€30,656 | -59.7% |
| Operating profit (loss) | 9901 | €38,844 | €9,085 | -€29,759 | -76.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €25 | - | -€25 | |
| Recurring financial charges | 65 | €25 | - | -€25 | |
| Profit (loss) for the period before taxes | 9903 | €38,820 | €9,085 | -€29,735 | -76.6% |
| Profit (loss) for the period | 9904 | €38,820 | €9,085 | -€29,735 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,820 | €9,085 | -€29,735 | -76.6% |
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 11 October 2026 via checked.be.