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
- Tangible fixed assets -€28,614
down €28,614 (-7.5%), from €382,496 to €353,882
- Cash -€14,587
down €14,587 (-72.6%), from €20,083 to €5,497
mainly Debts after one year (-€35,235) and Net result for the year (-€13,217)
- Debts after one year -€35,235
down €35,235 (-18.6%), from €189,214 to €153,978
- Profit (loss) carried forward -€13,217
down €13,217, from €0 to -€13,217
- Gross operating margin -€36,306
down €36,306 (-56.7%), from €64,018 to €27,712
- Taxes -€5,895
down €5,895 (-95.4%), from €6,178 to €282
- Depreciation -€5,094
down €5,094 (-15.1%), from €33,708 to €28,614
- Financial income -€925
down €925 (-94.8%), from €975 to €51
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 | €507,792 | €461,532 | -€46,260 | -9.1% |
| Fixed assets | 21/28 | €394,996 | €366,382 | -€28,614 | -7.2% |
| Tangible fixed assets | 22/27 | €382,496 | €353,882 | -€28,614 | -7.5% |
| Land and buildings | 22 | €319,355 | €308,478 | -€10,877 | -3.4% |
| Plant, machinery and equipment | 23 | €2,256 | €1,432 | -€824 | -36.5% |
| Furniture and vehicles | 24 | €26,212 | €18,757 | -€7,454 | -28.4% |
| Leasing and similar rights | 25 | €34,673 | €25,215 | -€9,459 | -27.3% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €112,796 | €95,150 | -€17,646 | -15.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €91,421 | €88,328 | -€3,093 | -3.4% |
| Trade receivables | 40 | €7,000 | €0 | -€7,000 | -100.0% |
| Other amounts receivable | 41 | €84,421 | €88,328 | +€3,907 | +4.6% |
| Cash at bank and in hand | 54/58 | €20,083 | €5,497 | -€14,587 | -72.6% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,326 | +€34 | +2.6% |
| Total equity and liabilities | 10/49 | €507,792 | €461,532 | -€46,260 | -9.1% |
| Equity | 10/15 | €275,221 | €262,004 | -€13,217 | -4.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €275,221 | €275,221 | = | 0.0% |
| Distributable reserves | 133 | €275,221 | €275,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,217 | -€13,217 | |
| Amounts payable | 17/49 | €232,571 | €199,528 | -€33,043 | -14.2% |
| Amounts payable after more than one year | 17 | €189,214 | €153,978 | -€35,235 | -18.6% |
| Financial debts | 170/4 | €189,214 | €153,978 | -€35,235 | -18.6% |
| Amounts payable within one year | 42/48 | €43,357 | €45,550 | +€2,193 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €33,914 | €35,235 | +€1,322 | +3.9% |
| Financial debts | 43 | €73 | €105 | +€32 | +43.5% |
| Credit institutions | 430/8 | €73 | €105 | +€32 | +43.5% |
| Trade debts | 44 | €2,409 | €2,325 | -€84 | -3.5% |
| Suppliers | 440/4 | €2,409 | €2,325 | -€84 | -3.5% |
| Taxes, remuneration and social security | 45 | €4,034 | €3,907 | -€127 | -3.1% |
| Taxes | 450/3 | €4,034 | €3,907 | -€127 | -3.1% |
| Other amounts payable | 47/48 | €2,927 | €3,977 | +€1,050 | +35.9% |
| Non-recurring operating income | 76A | €6,904 | €500 | -€6,404 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,708 | €28,614 | -€5,094 | -15.1% |
| Other operating charges | 640/8 | €4,329 | €3,823 | -€506 | -11.7% |
| Gross operating margin | 9900 | €64,018 | €27,712 | -€36,306 | -56.7% |
| Operating profit (loss) | 9901 | €25,981 | -€4,724 | -€30,706 | |
| Financial income | 75/76B | €975 | €51 | -€925 | -94.8% |
| Recurring financial income | 75 | €975 | €51 | -€925 | -94.8% |
| Financial charges | 65/66B | €8,037 | €8,261 | +€224 | +2.8% |
| Recurring financial charges | 65 | €8,037 | €8,261 | +€224 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €18,920 | -€12,935 | -€31,855 | |
| Income taxes | 67/77 | €6,178 | €282 | -€5,895 | -95.4% |
| Profit (loss) for the period | 9904 | €12,742 | -€13,217 | -€25,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,742 | -€13,217 | -€25,959 |
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.