Multiple Choise: 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.
Multiple Choise
Largest movements
- Tangible fixed assets -€4,638
down €4,638 (-22.5%), from €20,568 to €15,930
- Receivables within one year -€1,017
down €1,017 (-25.0%), from €4,076 to €3,059
of which Other amounts receivable: -€3,401
- Cash -€679
down €679 (-18.2%), from €3,728 to €3,049
mainly Other debts (-€6,774) and Net result for the year (-€1,825)
- Other debts -€6,774
down €6,774 (-32.3%), from €20,957 to €14,183
- Profit (loss) carried forward -€1,825
down €1,825 (-9.0%), from -€20,263 to -€22,088
- Trade debts +€1,666
up €1,666 (+816.7%), from €204 to €1,870
- Tax, wage and social debts +€550
up €550 (+18.8%), from €2,933 to €3,483
- Gross operating margin -€11,004
down €11,004 (-67.3%), from €16,362 to €5,358
- Depreciation +€3,486
up €3,486 (+302.6%), from €1,152 to €4,638
- Turnover -€2,957
down €2,957 (-7.1%), from €41,778 to €38,821
- Taxes -€2,523
down €2,523 (-86.6%), from €2,912 to €389
- Purchases and services +€1,716
up €1,716 (+5.4%), from €31,747 to €33,463
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 | €28,403 | €22,069 | -€6,334 | -22.3% |
| Fixed assets | 21/28 | €20,599 | €15,961 | -€4,638 | -22.5% |
| Tangible fixed assets | 22/27 | €20,568 | €15,930 | -€4,638 | -22.5% |
| Furniture and vehicles | 24 | €20,568 | €15,930 | -€4,638 | -22.5% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €7,804 | €6,108 | -€1,696 | -21.7% |
| Amounts receivable within one year | 40/41 | €4,076 | €3,059 | -€1,017 | -25.0% |
| Trade receivables | 40 | €36 | €2,420 | +€2,384 | +6622.2% |
| Other amounts receivable | 41 | €4,040 | €639 | -€3,401 | -84.2% |
| Cash at bank and in hand | 54/58 | €3,728 | €3,049 | -€679 | -18.2% |
| Total equity and liabilities | 10/49 | €28,403 | €22,069 | -€6,334 | -22.3% |
| Equity | 10/15 | €4,309 | €2,484 | -€1,825 | -42.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,980 | €5,980 | = | 0.0% |
| Distributable reserves | 133 | €5,980 | €5,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,263 | -€22,088 | -€1,825 | -9.0% |
| Amounts payable | 17/49 | €24,094 | €19,585 | -€4,509 | -18.7% |
| Amounts payable within one year | 42/48 | €24,094 | €19,585 | -€4,509 | -18.7% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €204 | €1,870 | +€1,666 | +816.7% |
| Suppliers | 440/4 | €204 | €1,870 | +€1,666 | +816.7% |
| Taxes, remuneration and social security | 45 | €2,933 | €3,483 | +€550 | +18.8% |
| Taxes | 450/3 | €2,933 | €3,483 | +€550 | +18.8% |
| Other amounts payable | 47/48 | €20,957 | €14,183 | -€6,774 | -32.3% |
| Turnover | 70 | €41,778 | €38,821 | -€2,957 | -7.1% |
| Non-recurring operating income | 76A | €6,331 | - | -€6,331 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,747 | €33,463 | +€1,716 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €4,638 | +€3,486 | +302.6% |
| Other operating charges | 640/8 | €2,186 | €1,775 | -€411 | -18.8% |
| Gross operating margin | 9900 | €16,362 | €5,358 | -€11,004 | -67.3% |
| Operating profit (loss) | 9901 | €13,024 | -€1,055 | -€14,079 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €373 | €396 | +€23 | +6.2% |
| Recurring financial charges | 65 | €373 | €396 | +€23 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €12,651 | -€1,436 | -€14,087 | |
| Income taxes | 67/77 | €2,912 | €389 | -€2,523 | -86.6% |
| Profit (loss) for the period | 9904 | €9,739 | -€1,825 | -€11,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,739 | -€1,825 | -€11,564 |
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 30 September 2026 via checked.be.