MIDDLEGROUND: what changed
Two fiscal 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.
MIDDLEGROUND
Largest movements
- Tangible fixed assets -€7,306
down €7,306 (-45.6%), from €16,013 to €8,707
- Cash +€389
up €389 (+3890.0%), from €10 to €399
mainly Depreciation (+€7,306) and Trade debts (+€1,613)
- Receivables within one year -€339
down €339 (-3.3%), from €10,349 to €10,011
of which Trade receivables: -€339
- Other debts -€4,006
down €4,006 (-18.6%), from €21,506 to €17,500
- Tax, wage and social debts -€2,862
down €2,862 (-35.8%), from €8,000 to €5,138
of which Remuneration and social security: -€7,012
- Profit (loss) carried forward -€2,001
down €2,001 (-20.0%), from -€10,030 to -€12,031
- Trade debts +€1,613
up €1,613 (+235.1%), from €686 to €2,300
- Gross operating margin +€3,677
up €3,677 (+107.3%), from €3,428 to €7,105
- Depreciation +€1,401
up €1,401 (+23.7%), from €5,905 to €7,306
- Other operating charges -€308
down €308 (-15.2%), from €2,023 to €1,715
- Financial charges +€85
new in 2025: €85
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 | €26,372 | €19,116 | -€7,256 | -27.5% |
| Fixed assets | 21/28 | €16,013 | €8,707 | -€7,306 | -45.6% |
| Tangible fixed assets | 22/27 | €16,013 | €8,707 | -€7,306 | -45.6% |
| Furniture and vehicles | 24 | €16,013 | €8,707 | -€7,306 | -45.6% |
| Current assets | 29/58 | €10,359 | €10,409 | +€50 | +0.5% |
| Amounts receivable within one year | 40/41 | €10,349 | €10,011 | -€339 | -3.3% |
| Trade receivables | 40 | €6,861 | €6,522 | -€339 | -4.9% |
| Other amounts receivable | 41 | €3,489 | €3,489 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10 | €399 | +€389 | +3890.0% |
| Total equity and liabilities | 10/49 | €26,372 | €19,116 | -€7,256 | -27.5% |
| Equity | 10/15 | -€3,820 | -€5,821 | -€2,001 | -52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,030 | -€12,031 | -€2,001 | -20.0% |
| Amounts payable | 17/49 | €30,192 | €24,937 | -€5,255 | -17.4% |
| Amounts payable within one year | 42/48 | €30,192 | €24,937 | -€5,255 | -17.4% |
| Trade debts | 44 | €686 | €2,300 | +€1,613 | +235.1% |
| Suppliers | 440/4 | €686 | €2,300 | +€1,613 | +235.1% |
| Taxes, remuneration and social security | 45 | €8,000 | €5,138 | -€2,862 | -35.8% |
| Taxes | 450/3 | - | €4,149 | +€4,149 | |
| Remuneration and social security | 454/9 | €8,000 | €988 | -€7,012 | -87.6% |
| Other amounts payable | 47/48 | €21,506 | €17,500 | -€4,006 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,905 | €7,306 | +€1,401 | +23.7% |
| Other operating charges | 640/8 | €2,023 | €1,715 | -€308 | -15.2% |
| Gross operating margin | 9900 | €3,428 | €7,105 | +€3,677 | +107.3% |
| Operating profit (loss) | 9901 | -€4,500 | -€1,916 | +€2,584 | +57.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €85 | +€85 | |
| Recurring financial charges | 65 | - | €85 | +€85 | |
| Profit (loss) for the period before taxes | 9903 | -€4,500 | -€2,001 | +€2,499 | +55.5% |
| Profit (loss) for the period | 9904 | -€4,500 | -€2,001 | +€2,499 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,500 | -€2,001 | +€2,499 | +55.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.