MOTO DI ESSERE: 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.
MOTO DI ESSERE
Largest movements
- Receivables within one year -€40,226
down €40,226 (-77.9%), from €51,618 to €11,392
of which Trade receivables: -€40,246
- Stocks and contracts +€36,125
up €36,125 (+24.4%), from €147,838 to €183,963
- Cash -€31,378
down €31,378 (-87.7%), from €35,788 to €4,410
mainly Trade debts (-€73,058) and Stocks and contracts (-€36,125)
- Tangible fixed assets -€7,751
down €7,751 (-19.7%), from €39,421 to €31,670
of which Furniture and vehicles: -€6,687
- Trade debts -€73,058
down €73,058 (-82.4%), from €88,613 to €15,555
- Other debts +€25,000
new in 2025: €25,000
- Debts after one year +€11,363
up €11,363 (+15.7%), from €72,449 to €83,812
of which Other amounts payable: +€8,000
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Advances received +€7,000
up €7,000 (+33.3%), from €21,000 to €28,000
- Depreciation +€6,339
up €6,339 (+448.9%), from €1,412 to €7,751
- Gross operating margin +€5,437
up €5,437 (+35.0%), from €15,516 to €20,953
- Write-downs +€3,636
new in 2025: €3,636
- Financial charges +€1,462
up €1,462 (+64.8%), from €2,256 to €3,718
- Taxes +€835
up €835 (+127.5%), from €655 to €1,490
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 | €276,715 | €236,249 | -€40,466 | -14.6% |
| Fixed assets | 21/28 | €39,421 | €31,670 | -€7,751 | -19.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €39,421 | €31,670 | -€7,751 | -19.7% |
| Plant, machinery and equipment | 23 | €6,332 | €5,268 | -€1,064 | -16.8% |
| Furniture and vehicles | 24 | €33,089 | €26,402 | -€6,687 | -20.2% |
| Current assets | 29/58 | €237,294 | €204,579 | -€32,715 | -13.8% |
| Stocks and contracts in progress | 3 | €147,838 | €183,963 | +€36,125 | +24.4% |
| Stocks | 30/36 | €147,838 | €183,963 | +€36,125 | +24.4% |
| Amounts receivable within one year | 40/41 | €51,618 | €11,392 | -€40,226 | -77.9% |
| Trade receivables | 40 | €51,618 | €11,372 | -€40,246 | -78.0% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €35,788 | €4,410 | -€31,378 | -87.7% |
| Deferred charges and accrued income | 490/1 | €2,050 | €4,814 | +€2,764 | +134.8% |
| Total equity and liabilities | 10/49 | €276,715 | €236,249 | -€40,466 | -14.6% |
| Equity | 10/15 | €60,292 | €62,100 | +€1,808 | +3.0% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €45,792 | €47,600 | +€1,808 | +3.9% |
| Distributable reserves | 133 | €45,792 | €47,600 | +€1,808 | +3.9% |
| Amounts payable | 17/49 | €216,423 | €174,149 | -€42,274 | -19.5% |
| Amounts payable after more than one year | 17 | €72,449 | €83,812 | +€11,363 | +15.7% |
| Financial debts | 170/4 | €72,449 | €75,812 | +€3,363 | +4.6% |
| Other amounts payable | 178/9 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €133,974 | €90,337 | -€43,637 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €20,751 | +€2,751 | +15.3% |
| Trade debts | 44 | €88,613 | €15,555 | -€73,058 | -82.4% |
| Suppliers | 440/4 | €88,613 | €15,555 | -€73,058 | -82.4% |
| Advances received on contracts in progress | 46 | €21,000 | €28,000 | +€7,000 | +33.3% |
| Taxes, remuneration and social security | 45 | €6,361 | €1,031 | -€5,330 | -83.8% |
| Taxes | 450/3 | €6,361 | €1,031 | -€5,330 | -83.8% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Non-recurring operating income | 76A | €1,081 | - | -€1,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,412 | €7,751 | +€6,339 | +448.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,636 | +€3,636 | |
| Other operating charges | 640/8 | €2,982 | €2,550 | -€432 | -14.5% |
| Non-recurring operating charges | 66A | €7,831 | - | -€7,831 | |
| Gross operating margin | 9900 | €15,516 | €20,953 | +€5,437 | +35.0% |
| Operating profit (loss) | 9901 | €3,291 | €7,016 | +€3,725 | +113.2% |
| Financial charges | 65/66B | €2,256 | €3,718 | +€1,462 | +64.8% |
| Recurring financial charges | 65 | €2,256 | €3,718 | +€1,462 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €1,035 | €3,298 | +€2,263 | +218.6% |
| Income taxes | 67/77 | €655 | €1,490 | +€835 | +127.5% |
| Profit (loss) for the period | 9904 | €380 | €1,808 | +€1,428 | +375.8% |
| Profit (loss) for the period to be appropriated | 9905 | €380 | €1,808 | +€1,428 | +375.8% |
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 8 October 2026 via checked.be.