Metric: 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.
Metric
Largest movements
- Receivables within one year +€14,465
up €14,465 (+271%), from €5,336 to €19,801
- Tangible fixed assets -€9,007
down €9,007 (-34.2%), from €26,318 to €17,311
of which Plant, machinery and equipment: -€12,279
- Cash -€6,663
down €6,663 (-70.1%), from €9,501 to €2,838
mainly Receivables within one year (-€14,465) and Investment in fixed assets (net) (-€5,887)
- Deferred charges and accrued income +€567
up €567 (+8.8%), from €6,426 to €6,994
- Trade debts +€2,488
up €2,488 (+74.9%), from €3,320 to €5,808
- Profit (loss) carried forward -€2,369
down €2,369 (-39.7%), from €5,965 to €3,596
- Tax, wage and social debts -€2,180
down €2,180 (-50.4%), from €4,323 to €2,143
- Other debts +€1,224
up €1,224 (+5.8%), from €21,137 to €22,361
- Gross operating margin -€23,461
down €23,461 (-60.3%), from €38,902 to €15,441
- Depreciation -€1,164
down €1,164 (-7.2%), from €16,258 to €15,094
- Taxes -€654
down €654 (-79.7%), from €821 to €166
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 | €47,806 | €46,968 | -€838 | -1.8% |
| Fixed assets | 21/28 | €26,543 | €17,336 | -€9,207 | -34.7% |
| Tangible fixed assets | 22/27 | €26,318 | €17,311 | -€9,007 | -34.2% |
| Plant, machinery and equipment | 23 | €23,148 | €10,869 | -€12,279 | -53.0% |
| Furniture and vehicles | 24 | €3,170 | €6,442 | +€3,272 | +103% |
| Financial fixed assets | 28 | €225 | €25 | -€200 | -88.9% |
| Current assets | 29/58 | €21,263 | €29,632 | +€8,369 | +39.4% |
| Amounts receivable within one year | 40/41 | €5,336 | €19,801 | +€14,465 | +271% |
| Trade receivables | 40 | €5,336 | €19,801 | +€14,465 | +271% |
| Cash at bank and in hand | 54/58 | €9,501 | €2,838 | -€6,663 | -70.1% |
| Deferred charges and accrued income | 490/1 | €6,426 | €6,994 | +€567 | +8.8% |
| Total equity and liabilities | 10/49 | €47,806 | €46,968 | -€838 | -1.8% |
| Equity | 10/15 | €19,025 | €16,656 | -€2,369 | -12.5% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,965 | €3,596 | -€2,369 | -39.7% |
| Amounts payable | 17/49 | €28,780 | €30,312 | +€1,532 | +5.3% |
| Amounts payable within one year | 42/48 | €28,780 | €30,312 | +€1,532 | +5.3% |
| Trade debts | 44 | €3,320 | €5,808 | +€2,488 | +74.9% |
| Suppliers | 440/4 | €3,320 | €5,808 | +€2,488 | +74.9% |
| Taxes, remuneration and social security | 45 | €4,323 | €2,143 | -€2,180 | -50.4% |
| Taxes | 450/3 | €4,323 | €2,143 | -€2,180 | -50.4% |
| Other amounts payable | 47/48 | €21,137 | €22,361 | +€1,224 | +5.8% |
| Remuneration, social security and pensions | 62 | €1,728 | €1,728 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,258 | €15,094 | -€1,164 | -7.2% |
| Other operating charges | 640/8 | €356 | €367 | +€11 | +3.2% |
| Gross operating margin | 9900 | €38,902 | €15,441 | -€23,461 | -60.3% |
| Operating profit (loss) | 9901 | €20,560 | -€1,748 | -€22,308 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +4,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4,900% |
| Financial charges | 65/66B | €72 | €456 | +€384 | +532% |
| Recurring financial charges | 65 | €72 | €456 | +€384 | +532% |
| Profit (loss) for the period before taxes | 9903 | €20,488 | -€2,203 | -€22,691 | |
| Income taxes | 67/77 | €821 | €166 | -€654 | -79.7% |
| Profit (loss) for the period | 9904 | €19,667 | -€2,369 | -€22,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,667 | -€2,369 | -€22,037 |
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 18 October 2026 via checked.be.