Metriek: what changed
Metriek
Largest movements
- Receivables within one year -€39,813
down €39,813 (-48.2%), from €82,575 to €42,761
of which Trade receivables: -€39,045
- Cash +€19,592
up €19,592 (+30.2%), from €64,934 to €84,526
mainly Other debts (+€57,824) and Receivables within one year (+€39,813)
- Other debts +€57,824
up €57,824 (+6,021%), from €960 to €58,785
- Reserves -€53,935
down €53,935 (-63.1%), from €85,512 to €31,577
- Accrued charges and deferred income -€39,923
down €39,923 (-99.9%), from €39,949 to €25
- Trade debts +€17,218
up €17,218 (+177%), from €9,731 to €26,949
- Tax, wage and social debts -€2,200
down €2,200 (-15.2%), from €14,447 to €12,248
- Gross operating margin -€65,128
down €65,128 (-88.6%), from €73,484 to €8,356
- Taxes -€12,312
down €12,312 (-89.2%), from €13,801 to €1,490
- Depreciation -€1,018
down €1,018 (-32.7%), from €3,115 to €2,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,599 | €134,584 | -€21,015 | -13.5% |
| Fixed assets | 21/28 | €4,729 | €2,631 | -€2,097 | -44.4% |
| Intangible fixed assets | 21 | €941 | €107 | -€833 | -88.6% |
| Tangible fixed assets | 22/27 | €2,588 | €1,324 | -€1,264 | -48.8% |
| Plant, machinery and equipment | 23 | €2,588 | €1,324 | -€1,264 | -48.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €150,871 | €131,953 | -€18,918 | -12.5% |
| Amounts receivable within one year | 40/41 | €82,575 | €42,761 | -€39,813 | -48.2% |
| Trade receivables | 40 | €81,806 | €42,761 | -€39,045 | -47.7% |
| Other amounts receivable | 41 | €768 | €0 | -€768 | -100% |
| Cash at bank and in hand | 54/58 | €64,934 | €84,526 | +€19,592 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,362 | €4,666 | +€1,304 | +38.8% |
| Total equity and liabilities | 10/49 | €155,599 | €134,584 | -€21,015 | -13.5% |
| Equity | 10/15 | €90,512 | €36,577 | -€53,935 | -59.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,512 | €31,577 | -€53,935 | -63.1% |
| Distributable reserves | 133 | €85,512 | €31,577 | -€53,935 | -63.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,087 | €98,007 | +€32,920 | +50.6% |
| Amounts payable within one year | 42/48 | €25,139 | €97,982 | +€72,843 | +290% |
| Trade debts | 44 | €9,731 | €26,949 | +€17,218 | +177% |
| Suppliers | 440/4 | €9,731 | €26,949 | +€17,218 | +177% |
| Taxes, remuneration and social security | 45 | €14,447 | €12,248 | -€2,200 | -15.2% |
| Taxes | 450/3 | €14,447 | €12,248 | -€2,200 | -15.2% |
| Other amounts payable | 47/48 | €960 | €58,785 | +€57,824 | +6,021% |
| Accrued charges and deferred income | 492/3 | €39,949 | €25 | -€39,923 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,115 | €2,097 | -€1,018 | -32.7% |
| Other operating charges | 640/8 | €451 | €625 | +€174 | +38.6% |
| Non-recurring operating charges | 66A | €1,556 | €0 | -€1,556 | -100% |
| Gross operating margin | 9900 | €73,484 | €8,356 | -€65,128 | -88.6% |
| Operating profit (loss) | 9901 | €68,361 | €5,633 | -€62,728 | -91.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,450% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,450% |
| Financial charges | 65/66B | €625 | €122 | -€503 | -80.5% |
| Recurring financial charges | 65 | €625 | €122 | -€503 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €67,736 | €5,512 | -€62,224 | -91.9% |
| Income taxes | 67/77 | €13,801 | €1,490 | -€12,312 | -89.2% |
| Profit (loss) for the period | 9904 | €53,935 | €4,022 | -€49,913 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,935 | €4,022 | -€49,913 | -92.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.