Management Solutions: 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 Solutions
Largest movements
- Deferred charges and accrued income -€4,068
down €4,068 (-73.0%), from €5,575 to €1,507
- Cash +€3,750
up €3,750, from €0 to €3,750
mainly Other debts (+€16,074) and Deferred charges and accrued income (+€4,068)
- Tangible fixed assets -€3,480
down €3,480 (-37.3%), from €9,325 to €5,845
of which Plant, machinery and equipment: -€2,504
- Receivables within one year -€2,124
down €2,124 (-25.4%), from €8,378 to €6,254
of which Trade receivables: -€3,881
- Other debts +€16,074
up €16,074 (+16.5%), from €97,153 to €113,227
- Profit (loss) carried forward -€15,462
down €15,462 (-14.5%), from -€106,467 to -€121,929
- Trade debts -€4,792
down €4,792 (-39.0%), from €12,292 to €7,499
- Advances received -€1,739
down €1,739 (-100.0%), from €1,739 to €0
- Gross operating margin -€4,533
down €4,533 (-66.6%), from -€6,810 to -€11,343
- Taxes +€1,442
up €1,442, from -€1,442 to €0
- Other operating charges -€519
down €519 (-56.5%), from €919 to €400
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 | €23,278 | €17,357 | -€5,921 | -25.4% |
| Fixed assets | 21/28 | €9,325 | €5,845 | -€3,480 | -37.3% |
| Tangible fixed assets | 22/27 | €9,325 | €5,845 | -€3,480 | -37.3% |
| Plant, machinery and equipment | 23 | €7,640 | €5,136 | -€2,504 | -32.8% |
| Furniture and vehicles | 24 | €1,220 | €578 | -€643 | -52.7% |
| Other tangible fixed assets | 26 | €465 | €132 | -€333 | -71.6% |
| Current assets | 29/58 | €13,953 | €11,511 | -€2,441 | -17.5% |
| Amounts receivable within one year | 40/41 | €8,378 | €6,254 | -€2,124 | -25.4% |
| Trade receivables | 40 | €3,881 | €0 | -€3,881 | -100.0% |
| Other amounts receivable | 41 | €4,497 | €6,254 | +€1,757 | +39.1% |
| Cash at bank and in hand | 54/58 | €0 | €3,750 | +€3,750 | |
| Deferred charges and accrued income | 490/1 | €5,575 | €1,507 | -€4,068 | -73.0% |
| Total equity and liabilities | 10/49 | €23,278 | €17,357 | -€5,921 | -25.4% |
| Equity | 10/15 | -€87,907 | -€103,369 | -€15,462 | -17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,360 | €12,360 | = | 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 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,467 | -€121,929 | -€15,462 | -14.5% |
| Amounts payable | 17/49 | €111,186 | €120,726 | +€9,541 | +8.6% |
| Amounts payable within one year | 42/48 | €111,186 | €120,726 | +€9,541 | +8.6% |
| Financial debts | 43 | €2 | €0 | -€2 | -100.0% |
| Credit institutions | 430/8 | €2 | €0 | -€2 | -100.0% |
| Trade debts | 44 | €12,292 | €7,499 | -€4,792 | -39.0% |
| Suppliers | 440/4 | €12,292 | €7,499 | -€4,792 | -39.0% |
| Advances received on contracts in progress | 46 | €1,739 | €0 | -€1,739 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €97,153 | €113,227 | +€16,074 | +16.5% |
| Non-recurring operating income | 76A | - | €4,860 | +€4,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €3,480 | = | 0.0% |
| Other operating charges | 640/8 | €919 | €400 | -€519 | -56.5% |
| Gross operating margin | 9900 | -€6,810 | -€11,343 | -€4,533 | -66.6% |
| Operating profit (loss) | 9901 | -€11,209 | -€15,223 | -€4,014 | -35.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €340 | €239 | -€101 | -29.6% |
| Recurring financial charges | 65 | €340 | €239 | -€101 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,549 | -€15,462 | -€3,913 | -33.9% |
| Income taxes | 67/77 | -€1,442 | €0 | +€1,442 | |
| Profit (loss) for the period | 9904 | -€10,107 | -€15,462 | -€5,355 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,107 | -€15,462 | -€5,355 | -53.0% |
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 6 October 2026 via checked.be.