NEW STYLE: 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.
NEW STYLE
Largest movements
- Receivables within one year +€17,281
up €17,281 (+33.1%), from €52,218 to €69,499
of which Trade receivables: +€18,679
- Tangible fixed assets -€13,158
down €13,158 (-54.4%), from €24,201 to €11,044
of which Furniture and vehicles: -€7,196
- Cash -€1,365
down €1,365 (-7.7%), from €17,668 to €16,303
mainly Receivables within one year (-€17,281) and Debts after one year (-€3,668)
- Profit (loss) carried forward +€4,626
up €4,626 (+7.7%), from €60,212 to €64,838
- Debts after one year -€3,668
down €3,668 (-51.2%), from €7,164 to €3,495
- Tax, wage and social debts +€1,364
new in 2025: €1,364
- Turnover -€8,074
down €8,074 (-2.9%), from €276,712 to €268,638
- Other operating charges +€5,320
up €5,320 (+464%), from €1,146 to €6,467
- Depreciation -€4,477
down €4,477 (-40.4%), from €11,074 to €6,597
- Gross operating margin -€4,356
down €4,356 (-16.9%), from €25,774 to €21,418
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 | €95,585 | €98,379 | +€2,793 | +2.9% |
| Fixed assets | 21/28 | €24,551 | €11,394 | -€13,158 | -53.6% |
| Tangible fixed assets | 22/27 | €24,201 | €11,044 | -€13,158 | -54.4% |
| Plant, machinery and equipment | 23 | €5,958 | €3,461 | -€2,497 | -41.9% |
| Furniture and vehicles | 24 | €7,860 | €664 | -€7,196 | -91.6% |
| Leasing and similar rights | 25 | €10,384 | €6,920 | -€3,465 | -33.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €71,034 | €86,985 | +€15,951 | +22.5% |
| Amounts receivable within one year | 40/41 | €52,218 | €69,499 | +€17,281 | +33.1% |
| Trade receivables | 40 | €50,617 | €69,296 | +€18,679 | +36.9% |
| Other amounts receivable | 41 | €1,601 | €203 | -€1,398 | -87.3% |
| Cash at bank and in hand | 54/58 | €17,668 | €16,303 | -€1,365 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,182 | +€34 | +3.0% |
| Total equity and liabilities | 10/49 | €95,585 | €98,379 | +€2,793 | +2.9% |
| Equity | 10/15 | €80,272 | €84,898 | +€4,626 | +5.8% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,212 | €64,838 | +€4,626 | +7.7% |
| Amounts payable | 17/49 | €15,313 | €13,480 | -€1,833 | -12.0% |
| Amounts payable after more than one year | 17 | €7,164 | €3,495 | -€3,668 | -51.2% |
| Financial debts | 170/4 | €7,164 | €3,495 | -€3,668 | -51.2% |
| Amounts payable within one year | 42/48 | €8,149 | €9,985 | +€1,836 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €3,524 | €3,668 | +€145 | +4.1% |
| Trade debts | 44 | €4,626 | €4,953 | +€327 | +7.1% |
| Suppliers | 440/4 | €4,626 | €4,953 | +€327 | +7.1% |
| Taxes, remuneration and social security | 45 | - | €1,364 | +€1,364 | |
| Taxes | 450/3 | - | €1,364 | +€1,364 | |
| Turnover | 70 | €276,712 | €268,638 | -€8,074 | -2.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €267,637 | €268,077 | +€440 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,074 | €6,597 | -€4,477 | -40.4% |
| Other operating charges | 640/8 | €1,146 | €6,467 | +€5,320 | +464% |
| Gross operating margin | 9900 | €25,774 | €21,418 | -€4,356 | -16.9% |
| Operating profit (loss) | 9901 | €13,554 | €8,355 | -€5,199 | -38.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +550% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +550% |
| Financial charges | 65/66B | €1,699 | €1,249 | -€450 | -26.5% |
| Recurring financial charges | 65 | €1,699 | €1,249 | -€450 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €11,855 | €7,106 | -€4,750 | -40.1% |
| Income taxes | 67/77 | €2,797 | €2,480 | -€318 | -11.4% |
| Profit (loss) for the period | 9904 | €9,058 | €4,626 | -€4,432 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,058 | €4,626 | -€4,432 | -48.9% |
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 24 October 2026 via checked.be.