Model8: 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.
Model8
Largest movements
- Deferred charges and accrued income -€37,326
down €37,326 (-94.0%), from €39,688 to €2,362
- Receivables within one year -€25,212
down €25,212 (-31.5%), from €80,034 to €54,822
- Tangible fixed assets -€2,042
down €2,042 (-62.3%), from €3,279 to €1,237
- Profit (loss) carried forward -€223,103
down €223,103 (-49.1%), from -€454,297 to -€677,399
- Other debts +€148,763
up €148,763 (+33.2%), from €448,338 to €597,101
- Trade debts +€22,876
up €22,876 (+93.4%), from €24,488 to €47,364
- Tax, wage and social debts -€12,125
down €12,125 (-28.2%), from €42,921 to €30,796
of which Taxes: -€18,259
- Gross operating margin -€288,499
down €288,499 (-72.8%), from €396,293 to €107,794
- Turnover -€144,945
down €144,945 (-28.5%), from €507,986 to €363,041
- Purchases and services +€62,435
up €62,435 (+32.1%), from €194,710 to €257,145
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 | €129,650 | €66,131 | -€63,519 | -49.0% |
| Fixed assets | 21/28 | €3,279 | €1,237 | -€2,042 | -62.3% |
| Tangible fixed assets | 22/27 | €3,279 | €1,237 | -€2,042 | -62.3% |
| Plant, machinery and equipment | 23 | €3,279 | €1,237 | -€2,042 | -62.3% |
| Current assets | 29/58 | €126,371 | €64,894 | -€61,477 | -48.6% |
| Amounts receivable within one year | 40/41 | €80,034 | €54,822 | -€25,212 | -31.5% |
| Trade receivables | 40 | €80,034 | €54,822 | -€25,212 | -31.5% |
| Cash at bank and in hand | 54/58 | €6,650 | €7,711 | +€1,061 | +16.0% |
| Deferred charges and accrued income | 490/1 | €39,688 | €2,362 | -€37,326 | -94.0% |
| Total equity and liabilities | 10/49 | €129,650 | €66,131 | -€63,519 | -49.0% |
| Equity | 10/15 | -€386,097 | -€609,199 | -€223,103 | -57.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,297 | -€677,399 | -€223,103 | -49.1% |
| Provisions and deferred taxes | 16 | - | €70 | +€70 | |
| Provisions for liabilities and charges | 160/5 | - | €70 | +€70 | |
| Pensions and similar obligations | 160 | - | €70 | +€70 | |
| Amounts payable | 17/49 | €515,747 | €675,261 | +€159,514 | +30.9% |
| Amounts payable within one year | 42/48 | €515,747 | €675,261 | +€159,514 | +30.9% |
| Trade debts | 44 | €24,488 | €47,364 | +€22,876 | +93.4% |
| Suppliers | 440/4 | €24,488 | €47,364 | +€22,876 | +93.4% |
| Taxes, remuneration and social security | 45 | €42,921 | €30,796 | -€12,125 | -28.2% |
| Taxes | 450/3 | €20,286 | €2,027 | -€18,259 | -90.0% |
| Remuneration and social security | 454/9 | €22,634 | €28,769 | +€6,135 | +27.1% |
| Other amounts payable | 47/48 | €448,338 | €597,101 | +€148,763 | +33.2% |
| Turnover | 70 | €507,986 | €363,041 | -€144,945 | -28.5% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,710 | €257,145 | +€62,435 | +32.1% |
| Remuneration, social security and pensions | 62 | €291,880 | €295,853 | +€3,973 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €2,042 | -€4,539 | -69.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €70 | +€70 | |
| Other operating charges | 640/8 | €2,077 | €1,170 | -€907 | -43.7% |
| Non-recurring operating charges | 66A | €49 | - | -€49 | |
| Gross operating margin | 9900 | €396,293 | €107,794 | -€288,499 | -72.8% |
| Operating profit (loss) | 9901 | €95,706 | -€191,340 | -€287,046 | |
| Financial charges | 65/66B | €30,379 | €31,171 | +€792 | +2.6% |
| Recurring financial charges | 65 | €30,379 | €31,171 | +€792 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €65,327 | -€222,511 | -€287,838 | |
| Income taxes | 67/77 | €340 | €592 | +€252 | +74.1% |
| Profit (loss) for the period | 9904 | €64,987 | -€223,103 | -€288,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,987 | -€223,103 | -€288,090 |
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 7 October 2026 via checked.be.