One Perspective: 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.
One Perspective
Largest movements
- Receivables within one year +€22,881
up €22,881 (+150.7%), from €15,185 to €38,065
of which Trade receivables: +€19,728
- Intangible fixed assets -€20,000
down €20,000 (-26.7%), from €75,018 to €55,018
- Tangible fixed assets -€15,089
down €15,089 (-83.1%), from €18,148 to €3,059
- Cash -€6,838
down €6,838 (-11.9%), from €57,415 to €50,576
mainly Debts after one year (-€35,000) and Receivables within one year (-€22,881)
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Profit (loss) carried forward +€8,734
up €8,734 (+10.2%), from €85,735 to €94,469
- Tax, wage and social debts +€5,846
up €5,846 (+14.2%), from €41,141 to €46,987
of which Taxes: +€4,981
- Trade debts +€2,141
up €2,141 (+244.6%), from €875 to €3,017
- Gross operating margin -€95,128
down €95,128 (-55.6%), from €170,957 to €75,829
- Taxes -€26,018
down €26,018 (-90.1%), from €28,873 to €2,856
- Staff costs +€15,732
up €15,732 (+72.1%), from €21,816 to €37,548
- Depreciation -€11,399
down €11,399 (-33.2%), from €34,296 to €22,897
- Financial charges +€3,512
up €3,512 (+3099.8%), from €113 to €3,625
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 | €166,751 | €148,473 | -€18,278 | -11.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €93,166 | €58,077 | -€35,089 | -37.7% |
| Intangible fixed assets | 21 | €75,018 | €55,018 | -€20,000 | -26.7% |
| Tangible fixed assets | 22/27 | €18,148 | €3,059 | -€15,089 | -83.1% |
| Furniture and vehicles | 24 | €18,148 | €3,059 | -€15,089 | -83.1% |
| Current assets | 29/58 | €73,585 | €90,396 | +€16,811 | +22.8% |
| Amounts receivable within one year | 40/41 | €15,185 | €38,065 | +€22,881 | +150.7% |
| Trade receivables | 40 | €14,863 | €34,591 | +€19,728 | +132.7% |
| Other amounts receivable | 41 | €322 | €3,474 | +€3,153 | +979.8% |
| Cash at bank and in hand | 54/58 | €57,415 | €50,576 | -€6,838 | -11.9% |
| Deferred charges and accrued income | 490/1 | €986 | €1,754 | +€769 | +78.0% |
| Total equity and liabilities | 10/49 | €166,751 | €148,473 | -€18,278 | -11.0% |
| Equity | 10/15 | €89,735 | €98,469 | +€8,734 | +9.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,735 | €94,469 | +€8,734 | +10.2% |
| Amounts payable | 17/49 | €77,016 | €50,004 | -€27,012 | -35.1% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Financial debts | 170/4 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €42,016 | €50,004 | +€7,988 | +19.0% |
| Trade debts | 44 | €875 | €3,017 | +€2,141 | +244.6% |
| Suppliers | 440/4 | €875 | €3,017 | +€2,141 | +244.6% |
| Taxes, remuneration and social security | 45 | €41,141 | €46,987 | +€5,846 | +14.2% |
| Taxes | 450/3 | €33,603 | €38,584 | +€4,981 | +14.8% |
| Remuneration and social security | 454/9 | €7,538 | €8,403 | +€865 | +11.5% |
| Non-recurring operating income | 76A | - | €9,296 | +€9,296 | |
| Remuneration, social security and pensions | 62 | €21,816 | €37,548 | +€15,732 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,296 | €22,897 | -€11,399 | -33.2% |
| Other operating charges | 640/8 | €149 | €202 | +€53 | +35.7% |
| Gross operating margin | 9900 | €170,957 | €75,829 | -€95,128 | -55.6% |
| Operating profit (loss) | 9901 | €114,695 | €15,181 | -€99,514 | -86.8% |
| Financial income | 75/76B | €26 | €34 | +€8 | +31.1% |
| Recurring financial income | 75 | €26 | €34 | +€8 | +31.1% |
| Financial charges | 65/66B | €113 | €3,625 | +€3,512 | +3099.8% |
| Recurring financial charges | 65 | €113 | €3,625 | +€3,512 | +3099.8% |
| Profit (loss) for the period before taxes | 9903 | €114,608 | €11,590 | -€103,018 | -89.9% |
| Income taxes | 67/77 | €28,873 | €2,856 | -€26,018 | -90.1% |
| Profit (loss) for the period | 9904 | €85,735 | €8,734 | -€77,000 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,735 | €8,734 | -€77,000 | -89.8% |
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 11 October 2026 via checked.be.