MOVE DEBOR: 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 DEBOR
Largest movements
- Cash -€53,423
down €53,423 (-46.3%), from €115,350 to €61,927
mainly Other debts (-€29,505) and Current investments (-€29,268)
- Current investments +€29,268
new in 2025: €29,268
- Receivables within one year +€18,956
up €18,956 (+36.9%), from €51,384 to €70,341
of which Trade receivables: +€16,588
- Tangible fixed assets -€18,657
down €18,657 (-6.3%), from €298,372 to €279,715
- Other debts -€29,505
down €29,505 (-96.3%), from €30,632 to €1,127
- Debts after one year -€20,575
down €20,575 (-43.3%), from €47,477 to €26,902
- Reserves +€14,120
up €14,120 (+5.1%), from €278,134 to €292,254
of which Distributable reserves: +€14,120
- Trade debts +€7,901
up €7,901 (+44.3%), from €17,851 to €25,752
- Gross operating margin -€129,285
down €129,285 (-75.3%), from €171,668 to €42,383
- Taxes -€37,875
down €37,875 (-85.6%), from €44,252 to €6,377
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 | €467,501 | €444,237 | -€23,265 | -5.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €298,372 | €279,715 | -€18,657 | -6.3% |
| Tangible fixed assets | 22/27 | €298,372 | €279,715 | -€18,657 | -6.3% |
| Land and buildings | 22 | €273,325 | €264,223 | -€9,102 | -3.3% |
| Plant, machinery and equipment | 23 | €2,020 | €1,382 | -€638 | -31.6% |
| Furniture and vehicles | 24 | €23,026 | €14,109 | -€8,917 | -38.7% |
| Current assets | 29/58 | €169,130 | €164,522 | -€4,608 | -2.7% |
| Amounts receivable within one year | 40/41 | €51,384 | €70,341 | +€18,956 | +36.9% |
| Trade receivables | 40 | €39,782 | €56,369 | +€16,588 | +41.7% |
| Other amounts receivable | 41 | €11,603 | €13,971 | +€2,368 | +20.4% |
| Current investments | 50/53 | - | €29,268 | +€29,268 | |
| Cash at bank and in hand | 54/58 | €115,350 | €61,927 | -€53,423 | -46.3% |
| Deferred charges and accrued income | 490/1 | €2,395 | €2,986 | +€591 | +24.7% |
| Total equity and liabilities | 10/49 | €467,501 | €444,237 | -€23,265 | -5.0% |
| Equity | 10/15 | €348,272 | €362,391 | +€14,120 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,134 | €292,254 | +€14,120 | +5.1% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €272,134 | €286,254 | +€14,120 | +5.2% |
| Profit (loss) carried forward | 14 | €51,537 | €51,537 | = | 0.0% |
| Amounts payable | 17/49 | €119,230 | €81,845 | -€37,385 | -31.4% |
| Amounts payable after more than one year | 17 | €47,477 | €26,902 | -€20,575 | -43.3% |
| Financial debts | 170/4 | €47,477 | €26,902 | -€20,575 | -43.3% |
| Amounts payable within one year | 42/48 | €71,753 | €54,783 | -€16,970 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €19,770 | €20,575 | +€805 | +4.1% |
| Trade debts | 44 | €17,851 | €25,752 | +€7,901 | +44.3% |
| Suppliers | 440/4 | €17,851 | €25,752 | +€7,901 | +44.3% |
| Taxes, remuneration and social security | 45 | €3,500 | €7,329 | +€3,829 | +109.4% |
| Taxes | 450/3 | €3,500 | €7,329 | +€3,829 | +109.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €30,632 | €1,127 | -€29,505 | -96.3% |
| Accrued charges and deferred income | 492/3 | - | €161 | +€161 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,043 | €18,657 | +€1,613 | +9.5% |
| Other operating charges | 640/8 | €3,120 | €1,837 | -€1,283 | -41.1% |
| Gross operating margin | 9900 | €171,668 | €42,383 | -€129,285 | -75.3% |
| Operating profit (loss) | 9901 | €151,504 | €21,889 | -€129,616 | -85.6% |
| Financial income | 75/76B | €3,237 | €1,871 | -€1,365 | -42.2% |
| Recurring financial income | 75 | €3,237 | €1,871 | -€1,365 | -42.2% |
| Financial charges | 65/66B | €3,454 | €3,263 | -€191 | -5.5% |
| Recurring financial charges | 65 | €3,454 | €3,263 | -€191 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €151,287 | €20,497 | -€130,790 | -86.5% |
| Income taxes | 67/77 | €44,252 | €6,377 | -€37,875 | -85.6% |
| Profit (loss) for the period | 9904 | €107,035 | €14,120 | -€92,915 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,035 | €14,120 | -€92,915 | -86.8% |
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.