MANAGEMENT KNOWLEDGE SOLUTION FOR PROFESSIONALS: what changed
Two fiscal 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 KNOWLEDGE SOLUTION FOR PROFESSIONALS
Largest movements
- Receivables after one year -€16,171
down €16,171 (-10.4%), from €156,024 to €139,853
- Tax, wage and social debts -€13,254
no longer reported in 2025 (was €13,254)
- Profit (loss) carried forward -€4,155
down €4,155 (-4.4%), from €94,013 to €89,858
- Gross operating margin +€4,333
up €4,333 (+83.4%), from -€5,199 to -€865
- Financial charges +€3,919
up €3,919 (+587.4%), from €667 to €4,586
- Other operating charges -€1,307
no longer reported in 2025 (was €1,307)
- Financial income -€146
down €146 (-6.0%), from €2,408 to €2,262
- Depreciation -€85
down €85 (-8.1%), from €1,051 to €966
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 | €157,715 | €140,305 | -€17,410 | -11.0% |
| Fixed assets | 21/28 | €1,310 | €344 | -€966 | -73.7% |
| Tangible fixed assets | 22/27 | €1,310 | €344 | -€966 | -73.7% |
| Other tangible fixed assets | 26 | €637 | €71 | -€566 | -88.8% |
| Assets under construction and advance payments | 27 | €673 | €273 | -€400 | -59.4% |
| Current assets | 29/58 | €156,405 | €139,961 | -€16,444 | -10.5% |
| Amounts receivable after more than one year | 29 | €156,024 | €139,853 | -€16,171 | -10.4% |
| Other amounts receivable | 291 | €156,024 | €139,853 | -€16,171 | -10.4% |
| Cash at bank and in hand | 54/58 | €381 | €108 | -€272 | -71.6% |
| Total equity and liabilities | 10/49 | €157,715 | €140,305 | -€17,410 | -11.0% |
| Equity | 10/15 | €144,073 | €139,918 | -€4,155 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,860 | €43,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,013 | €89,858 | -€4,155 | -4.4% |
| Amounts payable | 17/49 | €13,642 | €387 | -€13,254 | -97.2% |
| Amounts payable within one year | 42/48 | €13,642 | €387 | -€13,254 | -97.2% |
| Trade debts | 44 | €387 | €387 | = | 0.0% |
| Suppliers | 440/4 | €387 | €387 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,254 | - | -€13,254 | |
| Taxes | 450/3 | €13,254 | - | -€13,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €966 | -€85 | -8.1% |
| Other operating charges | 640/8 | €1,307 | - | -€1,307 | |
| Gross operating margin | 9900 | -€5,199 | -€865 | +€4,333 | +83.4% |
| Operating profit (loss) | 9901 | -€7,557 | -€1,831 | +€5,726 | +75.8% |
| Financial income | 75/76B | €2,408 | €2,262 | -€146 | -6.0% |
| Recurring financial income | 75 | €2,408 | €2,262 | -€146 | -6.0% |
| Financial charges | 65/66B | €667 | €4,586 | +€3,919 | +587.4% |
| Recurring financial charges | 65 | €667 | €4,586 | +€3,919 | +587.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,816 | -€4,155 | +€1,661 | +28.6% |
| Profit (loss) for the period | 9904 | -€5,816 | -€4,155 | +€1,661 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,816 | -€4,155 | +€1,661 | +28.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.