MOVE 2 IMPROVE: 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.
MOVE 2 IMPROVE
Largest movements
- Current investments +€14,952
up €14,952 (+29.9%), from €50,048 to €65,000
- Receivables within one year -€12,318
down €12,318 (-21.5%), from €57,194 to €44,876
of which Trade receivables: -€11,380
- Tangible fixed assets -€11,453
down €11,453 (-17.6%), from €65,161 to €53,708
of which Furniture and vehicles: -€13,695
- Trade debts -€6,666
down €6,666 (-23.5%), from €28,420 to €21,753
- Tax, wage and social debts -€6,394
down €6,394 (-53.4%), from €11,980 to €5,586
- Other debts +€3,409
up €3,409 (+20.7%), from €16,492 to €19,901
- Gross operating margin -€3,459
down €3,459 (-14.0%), from €24,774 to €21,314
- Taxes -€1,025
down €1,025 (-40.9%), from €2,505 to €1,481
- Depreciation +€581
up €581 (+3.3%), from €17,710 to €18,291
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 | €192,174 | €182,930 | -€9,244 | -4.8% |
| Fixed assets | 21/28 | €65,161 | €53,708 | -€11,453 | -17.6% |
| Tangible fixed assets | 22/27 | €65,161 | €53,708 | -€11,453 | -17.6% |
| Land and buildings | 22 | €9,770 | €7,328 | -€2,443 | -25.0% |
| Plant, machinery and equipment | 23 | €2,444 | €7,129 | +€4,685 | +191.7% |
| Furniture and vehicles | 24 | €52,947 | €39,251 | -€13,695 | -25.9% |
| Current assets | 29/58 | €127,013 | €129,222 | +€2,209 | +1.7% |
| Amounts receivable within one year | 40/41 | €57,194 | €44,876 | -€12,318 | -21.5% |
| Trade receivables | 40 | €54,638 | €43,258 | -€11,380 | -20.8% |
| Other amounts receivable | 41 | €2,556 | €1,618 | -€938 | -36.7% |
| Current investments | 50/53 | €50,048 | €65,000 | +€14,952 | +29.9% |
| Cash at bank and in hand | 54/58 | €17,211 | €16,679 | -€532 | -3.1% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,668 | +€108 | +4.2% |
| Total equity and liabilities | 10/49 | €192,174 | €182,930 | -€9,244 | -4.8% |
| Equity | 10/15 | €135,282 | €135,689 | +€407 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,882 | €123,289 | +€407 | +0.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €121,023 | €121,430 | +€407 | +0.3% |
| Amounts payable | 17/49 | €56,892 | €47,241 | -€9,651 | -17.0% |
| Amounts payable within one year | 42/48 | €56,892 | €47,241 | -€9,651 | -17.0% |
| Trade debts | 44 | €28,420 | €21,753 | -€6,666 | -23.5% |
| Suppliers | 440/4 | €28,420 | €21,753 | -€6,666 | -23.5% |
| Taxes, remuneration and social security | 45 | €11,980 | €5,586 | -€6,394 | -53.4% |
| Taxes | 450/3 | €11,980 | €5,586 | -€6,394 | -53.4% |
| Other amounts payable | 47/48 | €16,492 | €19,901 | +€3,409 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,710 | €18,291 | +€581 | +3.3% |
| Other operating charges | 640/8 | €986 | €1,177 | +€191 | +19.4% |
| Gross operating margin | 9900 | €24,774 | €21,314 | -€3,459 | -14.0% |
| Operating profit (loss) | 9901 | €6,078 | €1,847 | -€4,232 | -69.6% |
| Financial income | 75/76B | €206 | €330 | +€125 | +60.6% |
| Recurring financial income | 75 | €206 | €330 | +€125 | +60.6% |
| Financial charges | 65/66B | €154 | €289 | +€136 | +88.4% |
| Recurring financial charges | 65 | €154 | €289 | +€136 | +88.4% |
| Profit (loss) for the period before taxes | 9903 | €6,130 | €1,888 | -€4,243 | -69.2% |
| Income taxes | 67/77 | €2,505 | €1,481 | -€1,025 | -40.9% |
| Profit (loss) for the period | 9904 | €3,625 | €407 | -€3,218 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,625 | €407 | -€3,218 | -88.8% |
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 4 October 2026 via checked.be.