MOUVANCE: 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.
MOUVANCE
Largest movements
- Receivables within one year -€18,014
down €18,014 (-35.2%), from €51,122 to €33,108
of which Trade receivables: -€11,854
- Tangible fixed assets -€13,235
down €13,235 (-9.7%), from €136,957 to €123,722
of which Land and buildings: -€10,342
- Debts after one year -€25,941
down €25,941 (-17.0%), from €152,694 to €126,753
- Reserves -€5,126
down €5,126 (-13.5%), from €37,893 to €32,767
of which Tax-exempt reserves: -€5,126
- Other operating charges +€10,286
up €10,286 (+452.4%), from €2,274 to €12,560
- Gross operating margin +€8,054
up €8,054 (+39.4%), from €20,466 to €28,519
- Staff costs -€2,962
down €2,962 (-77.4%), from €3,826 to €864
- Depreciation +€2,325
up €2,325 (+20.6%), from €11,311 to €13,636
- Financial income -€443
down €443 (-18.1%), from €2,441 to €1,998
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 | €228,893 | €195,844 | -€33,049 | -14.4% |
| Fixed assets | 21/28 | €137,978 | €124,342 | -€13,636 | -9.9% |
| Intangible fixed assets | 21 | €521 | €120 | -€401 | -77.0% |
| Tangible fixed assets | 22/27 | €136,957 | €123,722 | -€13,235 | -9.7% |
| Land and buildings | 22 | €131,028 | €120,687 | -€10,342 | -7.9% |
| Plant, machinery and equipment | 23 | €1,905 | €15 | -€1,890 | -99.2% |
| Furniture and vehicles | 24 | €4,024 | €3,020 | -€1,003 | -24.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €90,915 | €71,502 | -€19,412 | -21.4% |
| Stocks and contracts in progress | 3 | €8,329 | €8,070 | -€258 | -3.1% |
| Stocks | 30/36 | €8,329 | €8,070 | -€258 | -3.1% |
| Amounts receivable within one year | 40/41 | €51,122 | €33,108 | -€18,014 | -35.2% |
| Trade receivables | 40 | €13,856 | €2,002 | -€11,854 | -85.6% |
| Other amounts receivable | 41 | €37,267 | €31,106 | -€6,161 | -16.5% |
| Cash at bank and in hand | 54/58 | €23,384 | €21,118 | -€2,266 | -9.7% |
| Deferred charges and accrued income | 490/1 | €8,080 | €9,206 | +€1,126 | +13.9% |
| Total equity and liabilities | 10/49 | €228,893 | €195,844 | -€33,049 | -14.4% |
| Equity | 10/15 | €30,905 | €23,760 | -€7,145 | -23.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,893 | €32,767 | -€5,126 | -13.5% |
| Tax-exempt reserves | 132 | €37,367 | €32,241 | -€5,126 | -13.7% |
| Distributable reserves | 133 | €525 | €525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,580 | -€27,599 | -€2,019 | -7.9% |
| Amounts payable | 17/49 | €197,988 | €172,084 | -€25,904 | -13.1% |
| Amounts payable after more than one year | 17 | €152,694 | €126,753 | -€25,941 | -17.0% |
| Financial debts | 170/4 | €152,694 | €126,753 | -€25,941 | -17.0% |
| Amounts payable within one year | 42/48 | €44,615 | €44,609 | -€6 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €25,660 | €25,941 | +€281 | +1.1% |
| Financial debts | 43 | €1,251 | €2,671 | +€1,419 | +113.4% |
| Credit institutions | 430/8 | €1,251 | €2,671 | +€1,419 | +113.4% |
| Trade debts | 44 | €9,785 | €9,753 | -€33 | -0.3% |
| Suppliers | 440/4 | €9,785 | €9,753 | -€33 | -0.3% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €7,318 | €5,445 | -€1,873 | -25.6% |
| Taxes | 450/3 | €5,216 | €3,936 | -€1,280 | -24.5% |
| Remuneration and social security | 454/9 | €2,102 | €1,509 | -€593 | -28.2% |
| Other amounts payable | 47/48 | €600 | €600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €679 | €723 | +€43 | +6.4% |
| Remuneration, social security and pensions | 62 | €3,826 | €864 | -€2,962 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,311 | €13,636 | +€2,325 | +20.6% |
| Other operating charges | 640/8 | €2,274 | €12,560 | +€10,286 | +452.4% |
| Gross operating margin | 9900 | €20,466 | €28,519 | +€8,054 | +39.4% |
| Operating profit (loss) | 9901 | €3,054 | €1,460 | -€1,595 | -52.2% |
| Financial income | 75/76B | €2,441 | €1,998 | -€443 | -18.1% |
| Recurring financial income | 75 | €2,441 | €1,998 | -€443 | -18.1% |
| Financial charges | 65/66B | €9,941 | €9,891 | -€51 | -0.5% |
| Recurring financial charges | 65 | €9,941 | €9,891 | -€51 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,446 | -€6,432 | -€1,987 | -44.7% |
| Income taxes | 67/77 | €357 | €713 | +€355 | +99.3% |
| Profit (loss) for the period | 9904 | -€4,803 | -€7,145 | -€2,342 | -48.8% |
| Transfer from tax-exempt reserves | 789 | - | €5,126 | +€5,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,803 | -€2,019 | +€2,784 | +58.0% |
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 5 October 2026 via checked.be.