MIXUP: 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.
MIXUP
Largest movements
- Tangible fixed assets -€10,359
down €10,359 (-25.3%), from €40,962 to €30,603
of which Furniture and vehicles: -€5,380
- Receivables within one year -€4,602
down €4,602 (-13.9%), from €33,015 to €28,413
of which Other amounts receivable: -€3,405
- Cash -€4,275
down €4,275 (-11.0%), from €38,712 to €34,437
mainly Net result for the year (-€21,642) and Tax, wage and social debts (-€8,658)
- Reserves -€21,642
down €21,642 (-26.1%), from €82,857 to €61,215
- Tax, wage and social debts -€8,658
down €8,658 (-76.7%), from €11,282 to €2,624
of which Taxes: -€11,244
- Trade debts +€6,897
up €6,897 (+24.2%), from €28,447 to €35,344
- Other debts +€2,841
up €2,841 (+202.1%), from €1,406 to €4,247
- Gross operating margin -€31,197
down €31,197, from €25,056 to -€6,141
- Staff costs -€6,722
down €6,722 (-88.7%), from €7,577 to €855
- Financial income -€6,659
down €6,659 (-94.1%), from €7,076 to €416
- Taxes -€2,917
down €2,917 (-92.8%), from €3,144 to €227
- Depreciation -€2,012
down €2,012 (-12.6%), from €15,948 to €13,937
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 | €144,992 | €125,396 | -€19,597 | -13.5% |
| Fixed assets | 21/28 | €50,081 | €39,722 | -€10,359 | -20.7% |
| Tangible fixed assets | 22/27 | €40,962 | €30,603 | -€10,359 | -25.3% |
| Plant, machinery and equipment | 23 | €1,492 | €378 | -€1,113 | -74.6% |
| Furniture and vehicles | 24 | €15,091 | €9,712 | -€5,380 | -35.6% |
| Other tangible fixed assets | 26 | €24,379 | €20,513 | -€3,866 | -15.9% |
| Financial fixed assets | 28 | €9,119 | €9,119 | = | 0.0% |
| Current assets | 29/58 | €94,911 | €85,673 | -€9,238 | -9.7% |
| Amounts receivable after more than one year | 29 | €22,061 | €22,061 | = | 0.0% |
| Other amounts receivable | 291 | €22,061 | €22,061 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,015 | €28,413 | -€4,602 | -13.9% |
| Trade receivables | 40 | €9,810 | €8,614 | -€1,197 | -12.2% |
| Other amounts receivable | 41 | €23,205 | €19,799 | -€3,405 | -14.7% |
| Cash at bank and in hand | 54/58 | €38,712 | €34,437 | -€4,275 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,123 | €762 | -€361 | -32.1% |
| Total equity and liabilities | 10/49 | €144,992 | €125,396 | -€19,597 | -13.5% |
| Equity | 10/15 | €101,457 | €79,815 | -€21,642 | -21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,857 | €61,215 | -€21,642 | -26.1% |
| Distributable reserves | 133 | €82,857 | €61,215 | -€21,642 | -26.1% |
| Amounts payable | 17/49 | €43,536 | €45,581 | +€2,045 | +4.7% |
| Amounts payable within one year | 42/48 | €43,536 | €44,606 | +€1,070 | +2.5% |
| Financial debts | 43 | €2,402 | €2,391 | -€10 | -0.4% |
| Credit institutions | 430/8 | €2,402 | €2,391 | -€10 | -0.4% |
| Trade debts | 44 | €28,447 | €35,344 | +€6,897 | +24.2% |
| Suppliers | 440/4 | €28,447 | €35,344 | +€6,897 | +24.2% |
| Taxes, remuneration and social security | 45 | €11,282 | €2,624 | -€8,658 | -76.7% |
| Taxes | 450/3 | €11,282 | €38 | -€11,244 | -99.7% |
| Remuneration and social security | 454/9 | - | €2,585 | +€2,585 | |
| Other amounts payable | 47/48 | €1,406 | €4,247 | +€2,841 | +202.1% |
| Accrued charges and deferred income | 492/3 | - | €975 | +€975 | |
| Remuneration, social security and pensions | 62 | €7,577 | €855 | -€6,722 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,948 | €13,937 | -€2,012 | -12.6% |
| Other operating charges | 640/8 | €851 | €243 | -€607 | -71.4% |
| Gross operating margin | 9900 | €25,056 | -€6,141 | -€31,197 | |
| Operating profit (loss) | 9901 | €680 | -€21,176 | -€21,856 | |
| Financial income | 75/76B | €7,076 | €416 | -€6,659 | -94.1% |
| Recurring financial income | 75 | €7,076 | €416 | -€6,659 | -94.1% |
| Financial charges | 65/66B | €983 | €655 | -€328 | -33.4% |
| Recurring financial charges | 65 | €983 | €655 | -€328 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €6,773 | -€21,415 | -€28,188 | |
| Income taxes | 67/77 | €3,144 | €227 | -€2,917 | -92.8% |
| Profit (loss) for the period | 9904 | €3,629 | -€21,642 | -€25,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,629 | -€21,642 | -€25,271 |
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 3 October 2026 via checked.be.