MY SOLUTION: what changed
Two financial 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.
MY SOLUTION
Largest movements
- Receivables within one year +€202,520
up €202,520 (+259%), from €78,273 to €280,793
of which Trade receivables: +€209,853
- Tangible fixed assets -€42,259
down €42,259 (-31.1%), from €135,723 to €93,465
of which Furniture and vehicles: -€33,215
- Stocks and contracts -€8,573
no longer reported in 2025 (was €8,573)
- Cash -€4,884
down €4,884 (-59.1%), from €8,263 to €3,378
mainly Net result for the year (-€357,642) and Receivables within one year (-€202,520)
- Profit (loss) carried forward -€357,642
down €357,642 (-133%), from -€268,824 to -€626,465
- Other debts +€283,344
up €283,344 (+73.8%), from €384,096 to €667,440
- Trade debts +€191,960
up €191,960 (+250%), from €76,779 to €268,739
- Tax, wage and social debts +€34,818
up €34,818 (+1,506%), from €2,312 to €37,130
of which Remuneration and social security: +€29,292
- Debts after one year -€6,837
down €6,837 (-41.1%), from €16,633 to €9,795
- Staff costs +€356,814
up €356,814 (+12,045%), from €2,962 to €359,776
- Gross operating margin +€79,742
up €79,742, from -€26,157 to €53,585
- Other operating charges +€3,279
up €3,279 (+187%), from €1,749 to €5,028
- Financial charges +€2,503
up €2,503 (+151%), from €1,661 to €4,164
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.
Derived cash bridge
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 | €238,533 | €385,520 | +€146,987 | +61.6% |
| Fixed assets | 21/28 | €138,423 | €96,165 | -€42,259 | -30.5% |
| Tangible fixed assets | 22/27 | €135,723 | €93,465 | -€42,259 | -31.1% |
| Plant, machinery and equipment | 23 | €1,708 | €1,249 | -€459 | -26.9% |
| Furniture and vehicles | 24 | €106,332 | €73,117 | -€33,215 | -31.2% |
| Leasing and similar rights | 25 | €27,684 | €19,099 | -€8,585 | -31.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €100,109 | €289,355 | +€189,246 | +189% |
| Stocks and contracts in progress | 3 | €8,573 | - | -€8,573 | |
| Stocks | 30/36 | €8,573 | - | -€8,573 | |
| Amounts receivable within one year | 40/41 | €78,273 | €280,793 | +€202,520 | +259% |
| Trade receivables | 40 | €62,411 | €272,263 | +€209,853 | +336% |
| Other amounts receivable | 41 | €15,862 | €8,529 | -€7,333 | -46.2% |
| Cash at bank and in hand | 54/58 | €8,263 | €3,378 | -€4,884 | -59.1% |
| Deferred charges and accrued income | 490/1 | €5,001 | €5,184 | +€183 | +3.7% |
| Total equity and liabilities | 10/49 | €238,533 | €385,520 | +€146,987 | +61.6% |
| Equity | 10/15 | -€248,824 | -€606,465 | -€357,642 | -144% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,824 | -€626,465 | -€357,642 | -133% |
| Amounts payable | 17/49 | €487,356 | €991,985 | +€504,628 | +104% |
| Amounts payable after more than one year | 17 | €16,633 | €9,795 | -€6,837 | -41.1% |
| Financial debts | 170/4 | €16,633 | €9,795 | -€6,837 | -41.1% |
| Amounts payable within one year | 42/48 | €470,328 | €980,146 | +€509,818 | +108% |
| Current portion of amounts payable after more than one year | 42 | €7,141 | €6,837 | -€303 | -4.2% |
| Trade debts | 44 | €76,779 | €268,739 | +€191,960 | +250% |
| Suppliers | 440/4 | €76,779 | €268,739 | +€191,960 | +250% |
| Taxes, remuneration and social security | 45 | €2,312 | €37,130 | +€34,818 | +1,506% |
| Taxes | 450/3 | - | €5,526 | +€5,526 | |
| Remuneration and social security | 454/9 | €2,312 | €31,604 | +€29,292 | +1,267% |
| Other amounts payable | 47/48 | €384,096 | €667,440 | +€283,344 | +73.8% |
| Accrued charges and deferred income | 492/3 | €396 | €2,044 | +€1,648 | +416% |
| Remuneration, social security and pensions | 62 | €2,962 | €359,776 | +€356,814 | +12,045% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,259 | €42,259 | = | 0.0% |
| Other operating charges | 640/8 | €1,749 | €5,028 | +€3,279 | +187% |
| Gross operating margin | 9900 | -€26,157 | €53,585 | +€79,742 | |
| Operating profit (loss) | 9901 | -€73,127 | -€353,478 | -€280,351 | -383% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.5% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.5% |
| Financial charges | 65/66B | €1,661 | €4,164 | +€2,503 | +151% |
| Recurring financial charges | 65 | €1,661 | €4,164 | +€2,503 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€74,782 | -€357,642 | -€282,860 | -378% |
| Profit (loss) for the period | 9904 | -€74,782 | -€357,642 | -€282,860 | -378% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,782 | -€357,642 | -€282,860 | -378% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.