Mar-Jan: 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.
Mar-Jan
Largest movements
- Stocks and contracts -€5,411
down €5,411 (-14.3%), from €37,751 to €32,340
- Tangible fixed assets -€2,648
no longer reported in 2025 (was €2,648)
of which Furniture and vehicles: -€1,983
- Other debts -€5,978
no longer reported in 2025 (was €5,978)
- Trade debts -€5,922
down €5,922 (-87.9%), from €6,736 to €814
- Profit (loss) carried forward +€2,459
up €2,459 (+80.6%), from €3,053 to €5,512
- Tax, wage and social debts +€1,342
up €1,342 (+43.4%), from €3,091 to €4,433
- Gross operating margin +€3,541
up €3,541 (+123.1%), from €2,877 to €6,418
- Taxes +€615
new in 2025: €615
- Other operating charges -€66
down €66 (-9.6%), from €685 to €619
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 | €42,885 | €34,787 | -€8,098 | -18.9% |
| Fixed assets | 21/28 | €4,048 | €1,400 | -€2,648 | -65.4% |
| Intangible fixed assets | 21 | €1,400 | €1,400 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,648 | - | -€2,648 | |
| Plant, machinery and equipment | 23 | €664 | - | -€664 | |
| Furniture and vehicles | 24 | €1,983 | - | -€1,983 | |
| Current assets | 29/58 | €38,838 | €33,387 | -€5,451 | -14.0% |
| Stocks and contracts in progress | 3 | €37,751 | €32,340 | -€5,411 | -14.3% |
| Stocks | 30/36 | €37,751 | €32,340 | -€5,411 | -14.3% |
| Cash at bank and in hand | 54/58 | €1,087 | €1,047 | -€40 | -3.7% |
| Total equity and liabilities | 10/49 | €42,885 | €34,787 | -€8,098 | -18.9% |
| Equity | 10/15 | €21,080 | €23,539 | +€2,459 | +11.7% |
| Contributions | 10/11 | €16,495 | €16,495 | = | 0.0% |
| Reserves | 13 | €1,532 | €1,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €865 | €865 | = | 0.0% |
| Reserves not available under the articles | 1311 | €865 | €865 | = | 0.0% |
| Distributable reserves | 133 | €667 | €667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,053 | €5,512 | +€2,459 | +80.6% |
| Amounts payable | 17/49 | €21,805 | €11,248 | -€10,558 | -48.4% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,805 | €5,248 | -€10,558 | -66.8% |
| Trade debts | 44 | €6,736 | €814 | -€5,922 | -87.9% |
| Suppliers | 440/4 | €6,736 | €814 | -€5,922 | -87.9% |
| Taxes, remuneration and social security | 45 | €3,091 | €4,433 | +€1,342 | +43.4% |
| Taxes | 450/3 | €3,091 | €4,433 | +€1,342 | +43.4% |
| Other amounts payable | 47/48 | €5,978 | - | -€5,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €2,648 | +€0 | 0.0% |
| Other operating charges | 640/8 | €685 | €619 | -€66 | -9.6% |
| Gross operating margin | 9900 | €2,877 | €6,418 | +€3,541 | +123.1% |
| Operating profit (loss) | 9901 | -€455 | €3,152 | +€3,607 | |
| Financial charges | 65/66B | €45 | €78 | +€33 | +72.6% |
| Recurring financial charges | 65 | €45 | €78 | +€33 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | -€500 | €3,074 | +€3,574 | |
| Income taxes | 67/77 | - | €615 | +€615 | |
| Profit (loss) for the period | 9904 | -€500 | €2,459 | +€2,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€500 | €2,459 | +€2,959 |
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 9 October 2026 via checked.be.