ONDERANDERE: 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.
ONDERANDERE
Largest movements
- Receivables within one year -€39,249
down €39,249 (-77.9%), from €50,388 to €11,139
of which Trade receivables: -€40,926
- Deferred charges and accrued income +€13,985
up €13,985, from €0 to €13,985
- Current investments +€4,066
up €4,066 (+6.0%), from €67,418 to €71,485
- Profit (loss) carried forward -€181,786
down €181,786 (-100%), from €181,786 to €0
- Reserves +€159,161
up €159,161 (+187%), from €85,193 to €244,354
- Other debts +€33,669
up €33,669 (+212%), from €15,858 to €49,527
- Tax, wage and social debts -€12,958
down €12,958 (-35.4%), from €36,556 to €23,599
of which Remuneration and social security: -€8,980
- Debts after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Gross operating margin -€100,989
down €100,989, from €84,196 to -€16,793
- Taxes -€22,556
down €22,556 (-99.0%), from €22,781 to €225
- Financial income +€4,792
up €4,792 (+1,803%), from €266 to €5,058
- Write-downs +€3,595
new in 2025: €3,595
- Depreciation -€2,579
down €2,579 (-31.8%), from €8,098 to €5,519
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 | €365,167 | €344,858 | -€20,308 | -5.6% |
| Fixed assets | 21/28 | €14,652 | €12,649 | -€2,003 | -13.7% |
| Tangible fixed assets | 22/27 | €14,652 | €12,649 | -€2,003 | -13.7% |
| Land and buildings | 22 | €3,809 | €3,218 | -€591 | -15.5% |
| Plant, machinery and equipment | 23 | €9,695 | €9,333 | -€362 | -3.7% |
| Furniture and vehicles | 24 | €1,148 | €98 | -€1,050 | -91.5% |
| Current assets | 29/58 | €350,515 | €332,210 | -€18,305 | -5.2% |
| Stocks and contracts in progress | 3 | €650 | €650 | = | 0.0% |
| Contracts in progress | 37 | €650 | €650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,388 | €11,139 | -€39,249 | -77.9% |
| Trade receivables | 40 | €50,388 | €9,462 | -€40,926 | -81.2% |
| Other amounts receivable | 41 | €0 | €1,677 | +€1,677 | |
| Current investments | 50/53 | €67,418 | €71,485 | +€4,066 | +6.0% |
| Cash at bank and in hand | 54/58 | €232,059 | €234,951 | +€2,892 | +1.2% |
| Deferred charges and accrued income | 490/1 | €0 | €13,985 | +€13,985 | |
| Total equity and liabilities | 10/49 | €365,167 | €344,858 | -€20,308 | -5.6% |
| Equity | 10/15 | €287,438 | €264,814 | -€22,624 | -7.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €85,193 | €244,354 | +€159,161 | +187% |
| Distributable reserves | 133 | €85,193 | €244,354 | +€159,161 | +187% |
| Profit (loss) carried forward | 14 | €181,786 | €0 | -€181,786 | -100% |
| Amounts payable | 17/49 | €77,728 | €80,044 | +€2,316 | +3.0% |
| Amounts payable after more than one year | 17 | €10,000 | €0 | -€10,000 | -100% |
| Financial debts | 170/4 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable within one year | 42/48 | €62,839 | €80,044 | +€17,205 | +27.4% |
| Trade debts | 44 | €10,425 | €6,919 | -€3,506 | -33.6% |
| Suppliers | 440/4 | €10,425 | €6,919 | -€3,506 | -33.6% |
| Taxes, remuneration and social security | 45 | €36,556 | €23,599 | -€12,958 | -35.4% |
| Taxes | 450/3 | €27,576 | €23,599 | -€3,977 | -14.4% |
| Remuneration and social security | 454/9 | €8,980 | €0 | -€8,980 | -100% |
| Other amounts payable | 47/48 | €15,858 | €49,527 | +€33,669 | +212% |
| Accrued charges and deferred income | 492/3 | €4,889 | €0 | -€4,889 | -100% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,098 | €5,519 | -€2,579 | -31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,595 | +€3,595 | |
| Other operating charges | 640/8 | €1,106 | €1,257 | +€152 | +13.7% |
| Gross operating margin | 9900 | €84,196 | -€16,793 | -€100,989 | |
| Operating profit (loss) | 9901 | €74,992 | -€27,165 | -€102,157 | |
| Financial income | 75/76B | €266 | €5,058 | +€4,792 | +1,803% |
| Recurring financial income | 75 | €266 | €5,058 | +€4,792 | +1,803% |
| Financial charges | 65/66B | €909 | €293 | -€616 | -67.8% |
| Recurring financial charges | 65 | €909 | €293 | -€616 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €74,349 | -€22,400 | -€96,749 | |
| Income taxes | 67/77 | €22,781 | €225 | -€22,556 | -99.0% |
| Profit (loss) for the period | 9904 | €51,568 | -€22,624 | -€74,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,568 | -€22,624 | -€74,193 |
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 21 October 2026 via checked.be.