NO PROBLEM !: 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.
NO PROBLEM !
Largest movements
- Tangible fixed assets -€107,250
down €107,250 (-99.0%), from €108,377 to €1,127
of which Land and buildings: -€104,166
- Receivables within one year -€16,040
down €16,040 (-11.7%), from €136,984 to €120,944
of which Trade receivables: -€20,620
- Cash +€13,021
up €13,021 (+31.5%), from €41,286 to €54,307
mainly Investment in fixed assets (net) (+€104,413) and Receivables within one year (+€16,040)
- Tax, wage and social debts -€49,245
down €49,245 (-43.2%), from €114,102 to €64,857
of which Remuneration and social security: -€27,528
- Other debts -€46,416
down €46,416 (-79.9%), from €58,074 to €11,658
- Profit (loss) carried forward -€10,227
down €10,227 (-8.6%), from -€118,870 to -€129,097
- Current portion of long-term debt -€8,225
down €8,225 (-83.1%), from €9,900 to €1,675
- Trade debts +€5,067
up €5,067 (+7.9%), from €64,511 to €69,578
- Staff costs -€189,787
down €189,787 (-43.7%), from €433,963 to €244,176
- Gross operating margin -€141,020
down €141,020 (-36.8%), from €383,316 to €242,296
- Depreciation -€6,715
down €6,715 (-70.3%), from €9,552 to €2,837
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 | €286,647 | €177,601 | -€109,046 | -38.0% |
| Fixed assets | 21/28 | €108,377 | €1,127 | -€107,250 | -99.0% |
| Tangible fixed assets | 22/27 | €108,377 | €1,127 | -€107,250 | -99.0% |
| Land and buildings | 22 | €104,166 | - | -€104,166 | |
| Furniture and vehicles | 24 | €4,211 | €1,127 | -€3,084 | -73.2% |
| Current assets | 29/58 | €178,270 | €176,474 | -€1,796 | -1.0% |
| Amounts receivable within one year | 40/41 | €136,984 | €120,944 | -€16,040 | -11.7% |
| Trade receivables | 40 | €87,146 | €66,526 | -€20,620 | -23.7% |
| Other amounts receivable | 41 | €49,838 | €54,418 | +€4,580 | +9.2% |
| Cash at bank and in hand | 54/58 | €41,286 | €54,307 | +€13,021 | +31.5% |
| Deferred charges and accrued income | 490/1 | - | €1,223 | +€1,223 | |
| Total equity and liabilities | 10/49 | €286,647 | €177,601 | -€109,046 | -38.0% |
| Equity | 10/15 | -€479 | -€10,706 | -€10,227 | -2135.1% |
| Contributions | 10/11 | €6,500 | €8,360 | +€1,860 | +28.6% |
| Reserves | 13 | €111,891 | €110,031 | -€1,860 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €91,281 | €91,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,870 | -€129,097 | -€10,227 | -8.6% |
| Amounts payable | 17/49 | €287,126 | €188,307 | -€98,819 | -34.4% |
| Amounts payable after more than one year | 17 | €40,539 | €40,539 | = | 0.0% |
| Financial debts | 170/4 | €40,539 | €40,539 | = | 0.0% |
| Amounts payable within one year | 42/48 | €246,587 | €147,768 | -€98,819 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €9,900 | €1,675 | -€8,225 | -83.1% |
| Trade debts | 44 | €64,511 | €69,578 | +€5,067 | +7.9% |
| Suppliers | 440/4 | €64,511 | €69,578 | +€5,067 | +7.9% |
| Taxes, remuneration and social security | 45 | €114,102 | €64,857 | -€49,245 | -43.2% |
| Taxes | 450/3 | €21,717 | - | -€21,717 | |
| Remuneration and social security | 454/9 | €92,385 | €64,857 | -€27,528 | -29.8% |
| Other amounts payable | 47/48 | €58,074 | €11,658 | -€46,416 | -79.9% |
| Non-recurring operating income | 76A | - | €35,015 | +€35,015 | |
| Remuneration, social security and pensions | 62 | €433,963 | €244,176 | -€189,787 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,552 | €2,837 | -€6,715 | -70.3% |
| Other operating charges | 640/8 | €3,532 | €3,699 | +€167 | +4.7% |
| Gross operating margin | 9900 | €383,316 | €242,296 | -€141,020 | -36.8% |
| Operating profit (loss) | 9901 | -€63,731 | -€8,416 | +€55,315 | +86.8% |
| Financial income | 75/76B | €1,089 | €40 | -€1,049 | -96.3% |
| Recurring financial income | 75 | €1,089 | €40 | -€1,049 | -96.3% |
| Financial charges | 65/66B | €2,026 | €1,851 | -€175 | -8.6% |
| Recurring financial charges | 65 | €2,026 | €1,851 | -€175 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€64,668 | -€10,227 | +€54,441 | +84.2% |
| Income taxes | 67/77 | €203 | - | -€203 | |
| Profit (loss) for the period | 9904 | -€64,871 | -€10,227 | +€54,644 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,871 | -€10,227 | +€54,644 | +84.2% |
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 2 October 2026 via checked.be.