On The Field: 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.
On The Field
Largest movements
- Cash -€541,492
down €541,492 (-72.4%), from €747,684 to €206,193
mainly Current portion of long-term debt (-€600,000) and Debts after one year (-€300,000)
- Intangible fixed assets -€288,000
down €288,000 (-20.0%), from €1.4m to €1.2m
- Tangible fixed assets +€186,627
up €186,627 (+1,345%), from €13,880 to €200,507
of which Furniture and vehicles: +€185,603
- Receivables within one year -€37,319
down €37,319 (-18.9%), from €196,966 to €159,647
of which Other amounts receivable: -€65,724
- Current portion of long-term debt -€600,000
no longer reported in 2025 (was €600,000)
- Debts after one year -€300,000
down €300,000 (-20.0%), from €1.5m to €1.2m
of which Trade debts: -€1.5m
- Other debts +€282,963
up €282,963 (+599%), from €47,208 to €330,171
- Tax, wage and social debts -€40,338
down €40,338 (-75.9%), from €53,119 to €12,781
- Trade debts -€24,055
down €24,055 (-28.2%), from €85,286 to €61,231
- Gross operating margin -€229,634
down €229,634 (-38.3%), from €600,181 to €370,547
- Depreciation -€156,179
down €156,179 (-32.2%), from €485,407 to €329,228
- Financial charges -€43,076
down €43,076 (-54.4%), from €79,127 to €36,051
- Taxes -€7,011
down €7,011 (-69.9%), from €10,033 to €3,023
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 | €2,404,412 | €1,725,257 | -€679,155 | -28.2% |
| Fixed assets | 21/28 | €1,456,452 | €1,352,507 | -€103,945 | -7.1% |
| Intangible fixed assets | 21 | €1,440,000 | €1,152,000 | -€288,000 | -20.0% |
| Tangible fixed assets | 22/27 | €13,880 | €200,507 | +€186,627 | +1,345% |
| Plant, machinery and equipment | 23 | - | €1,626 | +€1,626 | |
| Furniture and vehicles | 24 | €11,677 | €197,280 | +€185,603 | +1,590% |
| Other tangible fixed assets | 26 | €2,203 | €1,601 | -€602 | -27.3% |
| Financial fixed assets | 28 | €2,572 | - | -€2,572 | |
| Current assets | 29/58 | €947,960 | €372,750 | -€575,210 | -60.7% |
| Amounts receivable within one year | 40/41 | €196,966 | €159,647 | -€37,319 | -18.9% |
| Trade receivables | 40 | €130,112 | €158,517 | +€28,406 | +21.8% |
| Other amounts receivable | 41 | €66,854 | €1,130 | -€65,724 | -98.3% |
| Cash at bank and in hand | 54/58 | €747,684 | €206,193 | -€541,492 | -72.4% |
| Deferred charges and accrued income | 490/1 | €3,310 | €6,910 | +€3,601 | +109% |
| Total equity and liabilities | 10/49 | €2,404,412 | €1,725,257 | -€679,155 | -28.2% |
| Equity | 10/15 | €118,243 | €121,073 | +€2,830 | +2.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €116,243 | €119,073 | +€2,830 | +2.4% |
| Distributable reserves | 133 | €116,243 | €119,073 | +€2,830 | +2.4% |
| Amounts payable | 17/49 | €2,286,169 | €1,604,184 | -€681,985 | -29.8% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,200,000 | -€300,000 | -20.0% |
| Trade debts | 175 | €1,500,000 | - | -€1.5m | |
| Other amounts payable | 178/9 | - | €1,200,000 | +€1.2m | |
| Amounts payable within one year | 42/48 | €785,614 | €404,184 | -€381,430 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €600,000 | - | -€600,000 | |
| Trade debts | 44 | €85,286 | €61,231 | -€24,055 | -28.2% |
| Suppliers | 440/4 | €85,286 | €61,231 | -€24,055 | -28.2% |
| Taxes, remuneration and social security | 45 | €53,119 | €12,781 | -€40,338 | -75.9% |
| Taxes | 450/3 | €53,119 | €12,781 | -€40,338 | -75.9% |
| Other amounts payable | 47/48 | €47,208 | €330,171 | +€282,963 | +599% |
| Accrued charges and deferred income | 492/3 | €555 | - | -€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485,407 | €329,228 | -€156,179 | -32.2% |
| Other operating charges | 640/8 | €505 | €1,229 | +€724 | +143% |
| Gross operating margin | 9900 | €600,181 | €370,547 | -€229,634 | -38.3% |
| Operating profit (loss) | 9901 | €114,269 | €40,089 | -€74,179 | -64.9% |
| Financial income | 75/76B | €3,069 | €1,814 | -€1,255 | -40.9% |
| Recurring financial income | 75 | €3,069 | €1,814 | -€1,255 | -40.9% |
| Financial charges | 65/66B | €79,127 | €36,051 | -€43,076 | -54.4% |
| Recurring financial charges | 65 | €79,127 | €36,051 | -€43,076 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €38,211 | €5,853 | -€32,358 | -84.7% |
| Income taxes | 67/77 | €10,033 | €3,023 | -€7,011 | -69.9% |
| Profit (loss) for the period | 9904 | €28,178 | €2,830 | -€25,348 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,178 | €2,830 | -€25,348 | -90.0% |
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 28 October 2026 via checked.be.