NEXT MOVE: 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 MOVE
Largest movements
- Deferred charges and accrued income -€24,584
down €24,584 (-71.4%), from €34,415 to €9,831
- Receivables within one year -€22,935
down €22,935 (-29.9%), from €76,801 to €53,866
of which Trade receivables: -€28,701
- Trade debts -€72,453
down €72,453 (-60.3%), from €120,204 to €47,751
- Advances received +€37,203
new in 2025: €37,203
- Profit (loss) carried forward -€17,665
down €17,665 (-27.7%), from -€63,746 to -€81,411
- Short-term financial debts +€4,787
up €4,787 (+76.1%), from €6,289 to €11,076
- Other operating charges +€21,212
up €21,212 (+5476.4%), from €387 to €21,600
- Gross operating margin -€18,738
down €18,738 (-68.0%), from €27,569 to €8,830
- Financial charges +€2,542
up €2,542 (+129.4%), from €1,965 to €4,507
- Depreciation -€606
down €606 (-41.9%), from €1,446 to €840
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,152 | €64,792 | -€48,360 | -42.7% |
| Fixed assets | 21/28 | €1,936 | €1,095 | -€840 | -43.4% |
| Tangible fixed assets | 22/27 | €1,936 | €1,095 | -€840 | -43.4% |
| Plant, machinery and equipment | 23 | €4 | - | -€4 | |
| Furniture and vehicles | 24 | €1,931 | €1,095 | -€836 | -43.3% |
| Current assets | 29/58 | €111,216 | €63,697 | -€47,520 | -42.7% |
| Amounts receivable within one year | 40/41 | €76,801 | €53,866 | -€22,935 | -29.9% |
| Trade receivables | 40 | €73,355 | €44,654 | -€28,701 | -39.1% |
| Other amounts receivable | 41 | €3,447 | €9,212 | +€5,765 | +167.3% |
| Deferred charges and accrued income | 490/1 | €34,415 | €9,831 | -€24,584 | -71.4% |
| Total equity and liabilities | 10/49 | €113,152 | €64,792 | -€48,360 | -42.7% |
| Equity | 10/15 | -€13,746 | -€31,411 | -€17,665 | -128.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,746 | -€81,411 | -€17,665 | -27.7% |
| Amounts payable | 17/49 | €126,898 | €96,203 | -€30,695 | -24.2% |
| Amounts payable within one year | 42/48 | €126,898 | €96,203 | -€30,695 | -24.2% |
| Financial debts | 43 | €6,289 | €11,076 | +€4,787 | +76.1% |
| Credit institutions | 430/8 | €6,289 | €11,076 | +€4,787 | +76.1% |
| Trade debts | 44 | €120,204 | €47,751 | -€72,453 | -60.3% |
| Suppliers | 440/4 | €120,204 | €47,751 | -€72,453 | -60.3% |
| Advances received on contracts in progress | 46 | - | €37,203 | +€37,203 | |
| Taxes, remuneration and social security | 45 | €405 | €174 | -€230 | -56.9% |
| Taxes | 450/3 | €405 | €174 | -€230 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €840 | -€606 | -41.9% |
| Other operating charges | 640/8 | €387 | €21,600 | +€21,212 | +5476.4% |
| Gross operating margin | 9900 | €27,569 | €8,830 | -€18,738 | -68.0% |
| Operating profit (loss) | 9901 | €25,735 | -€13,609 | -€39,344 | |
| Financial income | 75/76B | €389 | €451 | +€63 | +16.1% |
| Recurring financial income | 75 | €389 | €451 | +€63 | +16.1% |
| Financial charges | 65/66B | €1,965 | €4,507 | +€2,542 | +129.4% |
| Recurring financial charges | 65 | €1,965 | €4,507 | +€2,542 | +129.4% |
| Profit (loss) for the period before taxes | 9903 | €24,159 | -€17,665 | -€41,824 | |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | €23,984 | -€17,665 | -€41,649 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,984 | -€17,665 | -€41,649 |
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.