NUMERO 15: 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.
NUMERO 15
Largest movements
- Tangible fixed assets -€17,614
down €17,614 (-13.5%), from €130,026 to €112,413
of which Other tangible fixed assets: -€9,328
- Cash +€2,500
up €2,500 (+72.8%), from €3,433 to €5,933
mainly Net result for the year (+€17,618) and Depreciation (+€16,797)
- Receivables within one year +€1,904
up €1,904 (+15.5%), from €12,290 to €14,194
of which Other amounts receivable: +€2,049
- Profit (loss) carried forward +€17,618
up €17,618, from -€12,884 to €4,734
- Debts after one year -€11,083
down €11,083 (-12.4%), from €89,060 to €77,977
- Advances received -€5,371
down €5,371 (-67.7%), from €7,936 to €2,564
- Tax, wage and social debts -€5,054
down €5,054 (-58.9%), from €8,582 to €3,528
- Short-term financial debts -€4,792
no longer reported in 2025 (was €4,792)
- Gross operating margin -€2,064
down €2,064 (-4.8%), from €43,070 to €41,006
- Other operating charges -€2,045
down €2,045 (-67.7%), from €3,020 to €975
- Depreciation -€1,305
down €1,305 (-7.2%), from €18,102 to €16,797
- Financial charges -€910
down €910 (-14.4%), from €6,342 to €5,432
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 | €149,340 | €135,749 | -€13,591 | -9.1% |
| Fixed assets | 21/28 | €130,231 | €112,618 | -€17,614 | -13.5% |
| Tangible fixed assets | 22/27 | €130,026 | €112,413 | -€17,614 | -13.5% |
| Plant, machinery and equipment | 23 | €168 | - | -€168 | |
| Furniture and vehicles | 24 | €17,069 | €8,951 | -€8,118 | -47.6% |
| Other tangible fixed assets | 26 | €112,790 | €103,462 | -€9,328 | -8.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €19,109 | €23,131 | +€4,022 | +21.0% |
| Stocks and contracts in progress | 3 | €2,803 | €2,416 | -€387 | -13.8% |
| Stocks | 30/36 | €2,803 | €2,416 | -€387 | -13.8% |
| Amounts receivable within one year | 40/41 | €12,290 | €14,194 | +€1,904 | +15.5% |
| Trade receivables | 40 | €12,290 | €12,146 | -€145 | -1.2% |
| Other amounts receivable | 41 | - | €2,049 | +€2,049 | |
| Cash at bank and in hand | 54/58 | €3,433 | €5,933 | +€2,500 | +72.8% |
| Deferred charges and accrued income | 490/1 | €583 | €589 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €149,340 | €135,749 | -€13,591 | -9.1% |
| Equity | 10/15 | -€7,884 | €9,734 | +€17,618 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,884 | €4,734 | +€17,618 | |
| Amounts payable | 17/49 | €157,224 | €126,015 | -€31,210 | -19.9% |
| Amounts payable after more than one year | 17 | €89,060 | €77,977 | -€11,083 | -12.4% |
| Financial debts | 170/4 | €89,060 | €77,977 | -€11,083 | -12.4% |
| Amounts payable within one year | 42/48 | €68,164 | €48,038 | -€20,127 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €11,820 | €12,351 | +€531 | +4.5% |
| Financial debts | 43 | €4,792 | - | -€4,792 | |
| Credit institutions | 430/8 | €4,792 | - | -€4,792 | |
| Trade debts | 44 | €4,074 | €183 | -€3,891 | -95.5% |
| Suppliers | 440/4 | €4,074 | €183 | -€3,891 | -95.5% |
| Advances received on contracts in progress | 46 | €7,936 | €2,564 | -€5,371 | -67.7% |
| Taxes, remuneration and social security | 45 | €8,582 | €3,528 | -€5,054 | -58.9% |
| Taxes | 450/3 | €8,582 | €3,528 | -€5,054 | -58.9% |
| Other amounts payable | 47/48 | €30,961 | €29,411 | -€1,550 | -5.0% |
| Non-recurring operating income | 76A | - | €2,608 | +€2,608 | |
| Remuneration, social security and pensions | 62 | -€104 | - | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,102 | €16,797 | -€1,305 | -7.2% |
| Other operating charges | 640/8 | €3,020 | €975 | -€2,045 | -67.7% |
| Gross operating margin | 9900 | €43,070 | €41,006 | -€2,064 | -4.8% |
| Operating profit (loss) | 9901 | €22,051 | €23,234 | +€1,183 | +5.4% |
| Financial charges | 65/66B | €6,342 | €5,432 | -€910 | -14.4% |
| Recurring financial charges | 65 | €6,342 | €5,432 | -€910 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €15,710 | €17,802 | +€2,093 | +13.3% |
| Income taxes | 67/77 | €149 | €184 | +€35 | +23.6% |
| Profit (loss) for the period | 9904 | €15,561 | €17,618 | +€2,058 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,561 | €17,618 | +€2,058 | +13.2% |
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 7 October 2026 via checked.be.