METAPHRASIS: 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.
METAPHRASIS
Largest movements
- Tangible fixed assets -€7,615
down €7,615 (-29.3%), from €25,994 to €18,380
- Cash +€3,256
up €3,256 (+174%), from €1,866 to €5,122
mainly Depreciation (+€7,615) and Trade debts (+€2,356)
- Receivables within one year -€1,061
down €1,061 (-4.4%), from €24,394 to €23,332
of which Trade receivables: -€1,847
- Debts after one year -€4,314
down €4,314 (-18.3%), from €23,617 to €19,303
- Trade debts +€2,356
up €2,356 (+316%), from €746 to €3,101
- Tax, wage and social debts -€2,083
down €2,083 (-44.1%), from €4,721 to €2,638
- Profit (loss) carried forward -€1,527
down €1,527 (-66.6%), from €2,291 to €764
- Gross operating margin -€3,605
down €3,605 (-31.1%), from €11,605 to €8,000
- Taxes -€2,439
down €2,439 (-71.5%), from €3,413 to €974
- Financial income +€997
up €997 (+831,000%), from €0 to €997
- Other operating charges +€162
up €162 (+29.0%), from €560 to €722
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 | €52,583 | €47,181 | -€5,402 | -10.3% |
| Fixed assets | 21/28 | €25,994 | €18,380 | -€7,615 | -29.3% |
| Tangible fixed assets | 22/27 | €25,994 | €18,380 | -€7,615 | -29.3% |
| Furniture and vehicles | 24 | €25,994 | €18,380 | -€7,615 | -29.3% |
| Current assets | 29/58 | €26,589 | €28,801 | +€2,213 | +8.3% |
| Amounts receivable within one year | 40/41 | €24,394 | €23,332 | -€1,061 | -4.4% |
| Trade receivables | 40 | €5,950 | €4,104 | -€1,847 | -31.0% |
| Other amounts receivable | 41 | €18,443 | €19,229 | +€785 | +4.3% |
| Cash at bank and in hand | 54/58 | €1,866 | €5,122 | +€3,256 | +174% |
| Deferred charges and accrued income | 490/1 | €329 | €347 | +€18 | +5.5% |
| Total equity and liabilities | 10/49 | €52,583 | €47,181 | -€5,402 | -10.3% |
| Equity | 10/15 | €19,351 | €17,824 | -€1,527 | -7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 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 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,291 | €764 | -€1,527 | -66.6% |
| Amounts payable | 17/49 | €33,232 | €29,357 | -€3,875 | -11.7% |
| Amounts payable after more than one year | 17 | €23,617 | €19,303 | -€4,314 | -18.3% |
| Financial debts | 170/4 | €23,617 | €19,303 | -€4,314 | -18.3% |
| Amounts payable within one year | 42/48 | €9,615 | €10,054 | +€438 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €4,148 | €4,314 | +€166 | +4.0% |
| Trade debts | 44 | €746 | €3,101 | +€2,356 | +316% |
| Suppliers | 440/4 | €746 | €3,101 | +€2,356 | +316% |
| Taxes, remuneration and social security | 45 | €4,721 | €2,638 | -€2,083 | -44.1% |
| Taxes | 450/3 | €4,721 | €2,638 | -€2,083 | -44.1% |
| Remuneration, social security and pensions | 62 | €4 | €0 | -€4 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,615 | €7,615 | = | 0.0% |
| Other operating charges | 640/8 | €560 | €722 | +€162 | +29.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,605 | €8,000 | -€3,605 | -31.1% |
| Operating profit (loss) | 9901 | €3,427 | -€337 | -€3,763 | |
| Financial income | 75/76B | €0 | €997 | +€997 | +831,000% |
| Recurring financial income | 75 | €0 | €997 | +€997 | +831,000% |
| Financial charges | 65/66B | €1,294 | €1,213 | -€81 | -6.3% |
| Recurring financial charges | 65 | €1,294 | €1,213 | -€81 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €2,132 | -€553 | -€2,685 | |
| Income taxes | 67/77 | €3,413 | €974 | -€2,439 | -71.5% |
| Profit (loss) for the period | 9904 | -€1,281 | -€1,527 | -€246 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,281 | -€1,527 | -€246 | -19.2% |
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 17 October 2026 via checked.be.