Mix tricks & system fix: 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.
Mix tricks & system fix
Largest movements
- Cash -€20,824
down €20,824 (-86.4%), from €24,112 to €3,288
mainly Investment in fixed assets (net) (-€32,784) and Debts after one year (-€10,683)
- Tangible fixed assets +€17,932
up €17,932 (+10.4%), from €173,084 to €191,016
of which Furniture and vehicles: +€13,616
- Receivables within one year +€5,995
up €5,995 (+37.4%), from €16,018 to €22,013
of which Other amounts receivable: +€4,299
- Profit (loss) carried forward +€12,943
up €12,943 (+104%), from €12,480 to €25,423
- Other debts +€11,869
up €11,869 (+44.4%), from €26,718 to €38,587
- Debts after one year -€10,683
down €10,683 (-8.1%), from €131,946 to €121,263
- Tax, wage and social debts -€10,543
down €10,543 (-95.7%), from €11,011 to €468
- Gross operating margin -€13,388
down €13,388 (-26.0%), from €51,547 to €38,159
- Taxes -€3,512
down €3,512 (-41.7%), from €8,418 to €4,906
- Depreciation -€2,775
down €2,775 (-15.7%), from €17,627 to €14,852
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 | €215,211 | €218,628 | +€3,417 | +1.6% |
| Fixed assets | 21/28 | €173,084 | €191,016 | +€17,932 | +10.4% |
| Tangible fixed assets | 22/27 | €173,084 | €191,016 | +€17,932 | +10.4% |
| Land and buildings | 22 | €145,032 | €141,297 | -€3,734 | -2.6% |
| Plant, machinery and equipment | 23 | €8,139 | €16,189 | +€8,051 | +98.9% |
| Furniture and vehicles | 24 | €19,914 | €33,530 | +€13,616 | +68.4% |
| Current assets | 29/58 | €42,126 | €27,612 | -€14,515 | -34.5% |
| Amounts receivable within one year | 40/41 | €16,018 | €22,013 | +€5,995 | +37.4% |
| Trade receivables | 40 | €16,018 | €17,714 | +€1,696 | +10.6% |
| Other amounts receivable | 41 | - | €4,299 | +€4,299 | |
| Cash at bank and in hand | 54/58 | €24,112 | €3,288 | -€20,824 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,311 | +€314 | +15.8% |
| Total equity and liabilities | 10/49 | €215,211 | €218,628 | +€3,417 | +1.6% |
| Equity | 10/15 | €31,080 | €44,023 | +€12,943 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,480 | €25,423 | +€12,943 | +104% |
| Amounts payable | 17/49 | €184,131 | €174,605 | -€9,526 | -5.2% |
| Amounts payable after more than one year | 17 | €131,946 | €121,263 | -€10,683 | -8.1% |
| Financial debts | 170/4 | €131,946 | €121,263 | -€10,683 | -8.1% |
| Amounts payable within one year | 42/48 | €51,059 | €52,210 | +€1,152 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €10,450 | €10,683 | +€233 | +2.2% |
| Trade debts | 44 | €2,879 | €2,473 | -€407 | -14.1% |
| Suppliers | 440/4 | €2,879 | €2,473 | -€407 | -14.1% |
| Taxes, remuneration and social security | 45 | €11,011 | €468 | -€10,543 | -95.7% |
| Taxes | 450/3 | €11,011 | €468 | -€10,543 | -95.7% |
| Other amounts payable | 47/48 | €26,718 | €38,587 | +€11,869 | +44.4% |
| Accrued charges and deferred income | 492/3 | €1,126 | €1,131 | +€5 | +0.4% |
| Non-recurring operating income | 76A | - | €8,726 | +€8,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,627 | €14,852 | -€2,775 | -15.7% |
| Other operating charges | 640/8 | €989 | €1,048 | +€58 | +5.9% |
| Gross operating margin | 9900 | €51,547 | €38,159 | -€13,388 | -26.0% |
| Operating profit (loss) | 9901 | €32,930 | €22,259 | -€10,671 | -32.4% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €4,784 | €4,446 | -€337 | -7.1% |
| Recurring financial charges | 65 | €4,784 | €4,446 | -€337 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €28,146 | €17,849 | -€10,298 | -36.6% |
| Income taxes | 67/77 | €8,418 | €4,906 | -€3,512 | -41.7% |
| Profit (loss) for the period | 9904 | €19,729 | €12,943 | -€6,785 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,729 | €12,943 | -€6,785 | -34.4% |
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 22 October 2026 via checked.be.