OFF THE RECORDS: 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.
OFF THE RECORDS
Largest movements
- Stocks and contracts -€27,421
down €27,421 (-56.3%), from €48,670 to €21,249
- Tangible fixed assets -€8,639
down €8,639 (-41.1%), from €21,040 to €12,401
of which Furniture and vehicles: -€7,891
- Cash -€4,862
down €4,862 (-20.1%), from €24,133 to €19,271
mainly Net result for the year (-€40,150) and Debts after one year (-€4,932)
- Receivables within one year +€1,300
up €1,300 (+10.2%), from €12,796 to €14,096
- Profit (loss) carried forward -€40,150
down €40,150 (-63.6%), from €63,167 to €23,017
- Trade debts +€8,130
up €8,130 (+77.1%), from €10,540 to €18,670
- Debts after one year -€4,932
no longer reported in 2025 (was €4,932)
- Current portion of long-term debt -€1,464
down €1,464 (-22.9%), from €6,396 to €4,932
- Gross operating margin -€67,586
down €67,586 (-76.6%), from €88,180 to €20,594
- Turnover -€50,081
down €50,081 (-29.2%), from €171,471 to €121,390
- Purchases and services +€17,505
up €17,505 (+21.0%), from €83,291 to €100,796
- Staff costs +€13,003
up €13,003 (+37.2%), from €34,997 to €48,000
- Write-downs -€7,483
no longer reported in 2025 (was €7,483)
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 | €108,883 | €69,839 | -€39,044 | -35.9% |
| Fixed assets | 21/28 | €21,243 | €12,604 | -€8,639 | -40.7% |
| Tangible fixed assets | 22/27 | €21,040 | €12,401 | -€8,639 | -41.1% |
| Plant, machinery and equipment | 23 | €1,336 | €589 | -€747 | -55.9% |
| Furniture and vehicles | 24 | €19,703 | €11,812 | -€7,891 | -40.1% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €87,640 | €57,235 | -€30,405 | -34.7% |
| Stocks and contracts in progress | 3 | €48,670 | €21,249 | -€27,421 | -56.3% |
| Stocks | 30/36 | €48,670 | €21,249 | -€27,421 | -56.3% |
| Amounts receivable within one year | 40/41 | €12,796 | €14,096 | +€1,300 | +10.2% |
| Trade receivables | 40 | €12,796 | €14,096 | +€1,300 | +10.2% |
| Current investments | 50/53 | €2,041 | €2,619 | +€578 | +28.3% |
| Cash at bank and in hand | 54/58 | €24,133 | €19,271 | -€4,862 | -20.1% |
| Total equity and liabilities | 10/49 | €108,883 | €69,839 | -€39,044 | -35.9% |
| Equity | 10/15 | €82,094 | €41,944 | -€40,150 | -48.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327 | €327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €327 | €327 | = | 0.0% |
| Reserves not available under the articles | 1311 | €327 | €327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,167 | €23,017 | -€40,150 | -63.6% |
| Amounts payable | 17/49 | €26,789 | €27,895 | +€1,106 | +4.1% |
| Amounts payable after more than one year | 17 | €4,932 | - | -€4,932 | |
| Financial debts | 170/4 | €4,932 | - | -€4,932 | |
| Amounts payable within one year | 42/48 | €21,857 | €27,895 | +€6,039 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €6,396 | €4,932 | -€1,464 | -22.9% |
| Trade debts | 44 | €10,540 | €18,670 | +€8,130 | +77.1% |
| Suppliers | 440/4 | €10,540 | €18,670 | +€8,130 | +77.1% |
| Taxes, remuneration and social security | 45 | €4,714 | €4,293 | -€420 | -8.9% |
| Taxes | 450/3 | €4,714 | €4,293 | -€420 | -8.9% |
| Other amounts payable | 47/48 | €207 | - | -€207 | |
| Turnover | 70 | €171,471 | €121,390 | -€50,081 | -29.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,291 | €100,796 | +€17,505 | +21.0% |
| Remuneration, social security and pensions | 62 | €34,997 | €48,000 | +€13,003 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €8,639 | -€289 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,483 | - | -€7,483 | |
| Other operating charges | 640/8 | €165 | €278 | +€114 | +69.0% |
| Gross operating margin | 9900 | €88,180 | €20,594 | -€67,586 | -76.6% |
| Operating profit (loss) | 9901 | €36,608 | -€36,323 | -€72,931 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,369 | €1,141 | -€228 | -16.6% |
| Recurring financial charges | 65 | €1,369 | €1,141 | -€228 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €35,239 | -€37,460 | -€72,699 | |
| Income taxes | 67/77 | - | €2,690 | +€2,690 | |
| Profit (loss) for the period | 9904 | €35,239 | -€40,150 | -€75,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,239 | -€40,150 | -€75,389 |
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.