NO-BOX: 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.
NO-BOX
Largest movements
- Receivables within one year -€19,986
down €19,986 (-59.5%), from €33,599 to €13,613
of which Trade receivables: -€18,691
- Current investments +€15,000
up €15,000 (+37.5%), from €40,000 to €55,000
- Tangible fixed assets -€7,774
down €7,774 (-5.2%), from €149,362 to €141,588
of which Land and buildings: -€5,596
- Profit (loss) carried forward -€7,144
down €7,144 (-115%), from -€6,199 to -€13,343
- Other debts -€4,474
down €4,474 (-4.1%), from €108,178 to €103,704
- Debts after one year -€3,899
down €3,899 (-100%), from €3,899 to €0
- Tax, wage and social debts +€3,506
up €3,506 (+63.1%), from €5,557 to €9,063
- Current portion of long-term debt -€2,718
down €2,718 (-41.1%), from €6,617 to €3,899
- Gross operating margin -€2,586
down €2,586 (-12.7%), from €20,391 to €17,805
- Financial charges -€1,107
down €1,107 (-13.1%), from €8,475 to €7,368
- Taxes -€1,074
down €1,074 (-81.7%), from €1,315 to €241
- Financial income -€300
down €300 (-41.3%), from €727 to €427
- Depreciation +€214
up €214 (+1.4%), from €15,206 to €15,420
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 | €241,228 | €228,245 | -€12,982 | -5.4% |
| Fixed assets | 21/28 | €149,458 | €141,684 | -€7,774 | -5.2% |
| Tangible fixed assets | 22/27 | €149,362 | €141,588 | -€7,774 | -5.2% |
| Land and buildings | 22 | €128,468 | €122,872 | -€5,596 | -4.4% |
| Plant, machinery and equipment | 23 | €5,986 | €5,301 | -€685 | -11.4% |
| Furniture and vehicles | 24 | €14,908 | €13,415 | -€1,493 | -10.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €91,770 | €86,561 | -€5,209 | -5.7% |
| Stocks and contracts in progress | 3 | €1,161 | €1,161 | = | 0.0% |
| Stocks | 30/36 | €1,161 | €1,161 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,599 | €13,613 | -€19,986 | -59.5% |
| Trade receivables | 40 | €32,304 | €13,613 | -€18,691 | -57.9% |
| Other amounts receivable | 41 | €1,295 | €0 | -€1,295 | -100% |
| Current investments | 50/53 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €16,413 | €16,491 | +€79 | +0.5% |
| Deferred charges and accrued income | 490/1 | €598 | €297 | -€301 | -50.4% |
| Total equity and liabilities | 10/49 | €241,228 | €228,245 | -€12,982 | -5.4% |
| Equity | 10/15 | €114,535 | €107,391 | -€7,144 | -6.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €45,734 | €45,734 | = | 0.0% |
| Distributable reserves | 133 | €45,734 | €45,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,199 | -€13,343 | -€7,144 | -115% |
| Amounts payable | 17/49 | €126,693 | €120,854 | -€5,838 | -4.6% |
| Amounts payable after more than one year | 17 | €3,899 | €0 | -€3,899 | -100% |
| Financial debts | 170/4 | €3,899 | €0 | -€3,899 | -100% |
| Amounts payable within one year | 42/48 | €122,761 | €120,618 | -€2,142 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,617 | €3,899 | -€2,718 | -41.1% |
| Trade debts | 44 | €2,408 | €3,952 | +€1,544 | +64.1% |
| Suppliers | 440/4 | €2,408 | €3,952 | +€1,544 | +64.1% |
| Taxes, remuneration and social security | 45 | €5,557 | €9,063 | +€3,506 | +63.1% |
| Taxes | 450/3 | €5,557 | €9,063 | +€3,506 | +63.1% |
| Other amounts payable | 47/48 | €108,178 | €103,704 | -€4,474 | -4.1% |
| Accrued charges and deferred income | 492/3 | €33 | €236 | +€203 | +618% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,206 | €15,420 | +€214 | +1.4% |
| Other operating charges | 640/8 | €2,321 | €2,346 | +€25 | +1.1% |
| Gross operating margin | 9900 | €20,391 | €17,805 | -€2,586 | -12.7% |
| Operating profit (loss) | 9901 | €2,864 | €38 | -€2,826 | -98.7% |
| Financial income | 75/76B | €727 | €427 | -€300 | -41.3% |
| Recurring financial income | 75 | €727 | €427 | -€300 | -41.3% |
| Financial charges | 65/66B | €8,475 | €7,368 | -€1,107 | -13.1% |
| Recurring financial charges | 65 | €8,475 | €7,368 | -€1,107 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,884 | -€6,903 | -€2,019 | -41.3% |
| Income taxes | 67/77 | €1,315 | €241 | -€1,074 | -81.7% |
| Profit (loss) for the period | 9904 | -€6,199 | -€7,144 | -€945 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,199 | -€7,144 | -€945 | -15.2% |
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 17 October 2026 via checked.be.