N°32: 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.
N°32
Largest movements
- Tangible fixed assets -€14,848
down €14,848 (-31.7%), from €46,784 to €31,936
- Cash -€11,139
down €11,139 (-8.2%), from €135,182 to €124,043
mainly Net result for the year (-€13,108) and Receivables within one year (-€9,382)
- Receivables within one year +€9,382
up €9,382 (+146%), from €6,412 to €15,795
of which Other amounts receivable: +€4,775
- Deferred charges and accrued income -€8,840
down €8,840 (-100%), from €8,840 to €0
- Profit (loss) carried forward -€13,108
down €13,108, from €0 to -€13,108
- Current portion of long-term debt -€6,014
down €6,014 (-100%), from €6,014 to €0
- Other debts -€5,630
down €5,630 (-10.6%), from €53,361 to €47,731
- Gross operating margin -€54,001
down €54,001 (-84.9%), from €63,582 to €9,581
- Depreciation -€20,081
down €20,081 (-57.5%), from €34,929 to €14,848
- Taxes -€2,442
down €2,442 (-70.4%), from €3,466 to €1,024
- Other operating charges +€1,512
up €1,512 (+100%), from €1,507 to €3,019
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 | €197,219 | €171,774 | -€25,445 | -12.9% |
| Fixed assets | 21/28 | €46,784 | €31,936 | -€14,848 | -31.7% |
| Tangible fixed assets | 22/27 | €46,784 | €31,936 | -€14,848 | -31.7% |
| Land and buildings | 22 | €30,417 | €26,124 | -€4,293 | -14.1% |
| Plant, machinery and equipment | 23 | €12,605 | €5,812 | -€6,793 | -53.9% |
| Furniture and vehicles | 24 | €3,762 | €0 | -€3,762 | -100% |
| Current assets | 29/58 | €150,434 | €139,837 | -€10,597 | -7.0% |
| Amounts receivable within one year | 40/41 | €6,412 | €15,795 | +€9,382 | +146% |
| Trade receivables | 40 | €1,066 | €5,674 | +€4,608 | +432% |
| Other amounts receivable | 41 | €5,346 | €10,121 | +€4,775 | +89.3% |
| Cash at bank and in hand | 54/58 | €135,182 | €124,043 | -€11,139 | -8.2% |
| Deferred charges and accrued income | 490/1 | €8,840 | €0 | -€8,840 | -100% |
| Total equity and liabilities | 10/49 | €197,219 | €171,774 | -€25,445 | -12.9% |
| Equity | 10/15 | €32,913 | €19,805 | -€13,108 | -39.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,713 | €26,713 | = | 0.0% |
| Distributable reserves | 133 | €26,713 | €26,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,108 | -€13,108 | |
| Amounts payable | 17/49 | €164,305 | €151,968 | -€12,337 | -7.5% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,305 | €51,968 | -€12,337 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €6,014 | €0 | -€6,014 | -100% |
| Trade debts | 44 | €3,880 | €4,145 | +€264 | +6.8% |
| Suppliers | 440/4 | €3,880 | €4,145 | +€264 | +6.8% |
| Taxes, remuneration and social security | 45 | €1,050 | €92 | -€958 | -91.2% |
| Taxes | 450/3 | €1,050 | €92 | -€958 | -91.2% |
| Other amounts payable | 47/48 | €53,361 | €47,731 | -€5,630 | -10.6% |
| Non-recurring operating income | 76A | €30,000 | €0 | -€30,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,929 | €14,848 | -€20,081 | -57.5% |
| Other operating charges | 640/8 | €1,507 | €3,019 | +€1,512 | +100% |
| Gross operating margin | 9900 | €63,582 | €9,581 | -€54,001 | -84.9% |
| Operating profit (loss) | 9901 | €27,146 | -€8,286 | -€35,432 | |
| Financial income | 75/76B | €474 | €386 | -€89 | -18.7% |
| Recurring financial income | 75 | €474 | €386 | -€89 | -18.7% |
| Financial charges | 65/66B | €4,458 | €4,183 | -€275 | -6.2% |
| Recurring financial charges | 65 | €4,458 | €4,183 | -€275 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €23,162 | -€12,084 | -€35,245 | |
| Income taxes | 67/77 | €3,466 | €1,024 | -€2,442 | -70.4% |
| Profit (loss) for the period | 9904 | €19,695 | -€13,108 | -€32,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,695 | -€13,108 | -€32,803 |
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 13 October 2026 via checked.be.