NEXT ITEM: 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.
NEXT ITEM
Largest movements
- Tangible fixed assets -€17,759
down €17,759 (-26.5%), from €66,894 to €49,135
of which Furniture and vehicles: -€12,507
- Cash +€16,876
up €16,876 (+46.2%), from €36,525 to €53,401
mainly Other debts (+€28,150) and Depreciation (+€19,412)
- Deferred charges and accrued income +€3,651
new in 2025: €3,651
- Receivables within one year +€1,299
up €1,299 (+6.8%), from €19,076 to €20,374
of which Trade receivables: +€1,240
- Reserves -€35,250
down €35,250 (-54.6%), from €64,610 to €29,360
- Other debts +€28,150
up €28,150 (+255.9%), from €11,000 to €39,150
- Tax, wage and social debts +€13,375
up €13,375 (+130.1%), from €10,282 to €23,657
- Debts after one year -€6,556
down €6,556 (-43.4%), from €15,107 to €8,551
- Trade debts +€4,079
up €4,079 (+204.3%), from €1,996 to €6,075
- Gross operating margin -€14,707
down €14,707 (-30.9%), from €47,519 to €32,812
- Taxes -€2,690
down €2,690 (-31.2%), from €8,631 to €5,941
- Depreciation +€2,075
up €2,075 (+12.0%), from €17,337 to €19,412
- Other operating charges -€1,928
down €1,928 (-41.2%), from €4,678 to €2,750
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 | €122,495 | €126,561 | +€4,066 | +3.3% |
| Fixed assets | 21/28 | €66,894 | €49,135 | -€17,759 | -26.5% |
| Tangible fixed assets | 22/27 | €66,894 | €49,135 | -€17,759 | -26.5% |
| Furniture and vehicles | 24 | €54,937 | €42,430 | -€12,507 | -22.8% |
| Other tangible fixed assets | 26 | €11,957 | €6,705 | -€5,252 | -43.9% |
| Current assets | 29/58 | €55,601 | €77,426 | +€21,825 | +39.3% |
| Amounts receivable within one year | 40/41 | €19,076 | €20,374 | +€1,299 | +6.8% |
| Trade receivables | 40 | €17,707 | €18,946 | +€1,240 | +7.0% |
| Other amounts receivable | 41 | €1,369 | €1,428 | +€59 | +4.3% |
| Cash at bank and in hand | 54/58 | €36,525 | €53,401 | +€16,876 | +46.2% |
| Deferred charges and accrued income | 490/1 | - | €3,651 | +€3,651 | |
| Total equity and liabilities | 10/49 | €122,495 | €126,561 | +€4,066 | +3.3% |
| Equity | 10/15 | €77,797 | €42,573 | -€35,225 | -45.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,610 | €29,360 | -€35,250 | -54.6% |
| Distributable reserves | 133 | €64,610 | €29,360 | -€35,250 | -54.6% |
| Profit (loss) carried forward | 14 | €787 | €813 | +€25 | +3.2% |
| Amounts payable | 17/49 | €44,698 | €83,989 | +€39,291 | +87.9% |
| Amounts payable after more than one year | 17 | €15,107 | €8,551 | -€6,556 | -43.4% |
| Financial debts | 170/4 | €15,107 | €8,551 | -€6,556 | -43.4% |
| Amounts payable within one year | 42/48 | €29,591 | €75,438 | +€45,846 | +154.9% |
| Current portion of amounts payable after more than one year | 42 | €6,313 | €6,556 | +€243 | +3.9% |
| Trade debts | 44 | €1,996 | €6,075 | +€4,079 | +204.3% |
| Suppliers | 440/4 | €1,996 | €6,075 | +€4,079 | +204.3% |
| Taxes, remuneration and social security | 45 | €10,282 | €23,657 | +€13,375 | +130.1% |
| Taxes | 450/3 | €10,282 | €23,657 | +€13,375 | +130.1% |
| Other amounts payable | 47/48 | €11,000 | €39,150 | +€28,150 | +255.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,337 | €19,412 | +€2,075 | +12.0% |
| Other operating charges | 640/8 | €4,678 | €2,750 | -€1,928 | -41.2% |
| Gross operating margin | 9900 | €47,519 | €32,812 | -€14,707 | -30.9% |
| Operating profit (loss) | 9901 | €25,504 | €10,650 | -€14,854 | -58.2% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €1,078 | €784 | -€294 | -27.3% |
| Recurring financial charges | 65 | €1,078 | €784 | -€294 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €24,446 | €9,866 | -€14,579 | -59.6% |
| Income taxes | 67/77 | €8,631 | €5,941 | -€2,690 | -31.2% |
| Profit (loss) for the period | 9904 | €15,815 | €3,925 | -€11,890 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,815 | €3,925 | -€11,890 | -75.2% |
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 8 October 2026 via checked.be.