Marks the spot: 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.
Marks the spot
Largest movements
- Cash -€19,769
down €19,769 (-50.6%), from €39,066 to €19,297
mainly Net result for the year (-€10,493) and Receivables within one year (-€7,201)
- Receivables within one year +€7,201
new in 2025: €7,201
of which Trade receivables: +€4,201
- Tangible fixed assets +€2,108
up €2,108 (+123%), from €1,708 to €3,817
of which Furniture and vehicles: +€2,904
- Reserves -€10,493
down €10,493 (-34.0%), from €30,906 to €20,413
- Other debts +€3,292
new in 2025: €3,292
- Trade debts -€3,084
down €3,084 (-98.9%), from €3,118 to €34
of which Bills of exchange payable: -€2,139
- Tax, wage and social debts -€1,560
down €1,560 (-89.1%), from €1,751 to €191
- Accrued charges and deferred income +€1,384
new in 2025: €1,384
- Gross operating margin -€44,323
down €44,323, from €35,725 to -€8,599
- Taxes -€7,729
down €7,729 (-100%), from €7,729 to €0
- Other operating charges -€775
down €775 (-59.3%), from €1,307 to €532
- Depreciation +€614
up €614 (+92.5%), from €664 to €1,278
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 | €40,774 | €30,314 | -€10,460 | -25.7% |
| Fixed assets | 21/28 | €1,708 | €3,817 | +€2,108 | +123% |
| Tangible fixed assets | 22/27 | €1,708 | €3,817 | +€2,108 | +123% |
| Plant, machinery and equipment | 23 | €1,708 | €913 | -€796 | -46.6% |
| Furniture and vehicles | 24 | - | €2,904 | +€2,904 | |
| Current assets | 29/58 | €39,066 | €26,498 | -€12,568 | -32.2% |
| Amounts receivable within one year | 40/41 | - | €7,201 | +€7,201 | |
| Trade receivables | 40 | - | €4,201 | +€4,201 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €39,066 | €19,297 | -€19,769 | -50.6% |
| Total equity and liabilities | 10/49 | €40,774 | €30,314 | -€10,460 | -25.7% |
| Equity | 10/15 | €35,906 | €25,413 | -€10,493 | -29.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,906 | €20,413 | -€10,493 | -34.0% |
| Distributable reserves | 133 | €30,906 | €20,413 | -€10,493 | -34.0% |
| Amounts payable | 17/49 | €4,868 | €4,901 | +€33 | +0.7% |
| Amounts payable within one year | 42/48 | €4,868 | €3,517 | -€1,351 | -27.8% |
| Trade debts | 44 | €3,118 | €34 | -€3,084 | -98.9% |
| Suppliers | 440/4 | €979 | €34 | -€945 | -96.6% |
| Bills of exchange payable | 441 | €2,139 | - | -€2,139 | |
| Taxes, remuneration and social security | 45 | €1,751 | €191 | -€1,560 | -89.1% |
| Taxes | 450/3 | €1,751 | €191 | -€1,560 | -89.1% |
| Other amounts payable | 47/48 | - | €3,292 | +€3,292 | |
| Accrued charges and deferred income | 492/3 | - | €1,384 | +€1,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €664 | €1,278 | +€614 | +92.5% |
| Other operating charges | 640/8 | €1,307 | €532 | -€775 | -59.3% |
| Gross operating margin | 9900 | €35,725 | -€8,599 | -€44,323 | |
| Operating profit (loss) | 9901 | €33,754 | -€10,409 | -€44,162 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €39 | €84 | +€45 | +115% |
| Recurring financial charges | 65 | €39 | €84 | +€45 | +115% |
| Profit (loss) for the period before taxes | 9903 | €33,718 | -€10,493 | -€44,210 | |
| Income taxes | 67/77 | €7,729 | €0 | -€7,729 | -100% |
| Profit (loss) for the period | 9904 | €25,988 | -€10,493 | -€36,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,988 | -€10,493 | -€36,481 |
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 26 October 2026 via checked.be.