Ongefilterd: 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.
Ongefilterd
Largest movements
- Tangible fixed assets -€14,740
down €14,740 (-13.0%), from €113,358 to €98,618
of which Other tangible fixed assets: -€10,834
- Cash +€12,567
up €12,567 (+222.8%), from €5,640 to €18,207
mainly Depreciation (+€15,439) and Tax, wage and social debts (+€11,238)
- Receivables within one year -€6,335
down €6,335 (-48.0%), from €13,187 to €6,852
of which Trade receivables: -€4,422
- Stocks and contracts -€2,765
down €2,765 (-19.7%), from €14,024 to €11,259
- Profit (loss) carried forward -€17,753
down €17,753 (-309.9%), from -€5,729 to -€23,483
- Debts after one year -€15,861
down €15,861 (-15.0%), from €105,828 to €89,967
- Tax, wage and social debts +€11,238
up €11,238 (+155.6%), from €7,221 to €18,459
of which Remuneration and social security: +€6,183
- Trade debts +€7,023
up €7,023 (+83.2%), from €8,440 to €15,463
- Advances received +€3,313
up €3,313 (+173.3%), from €1,911 to €5,224
- Gross operating margin +€65,065
up €65,065 (+245.2%), from €26,530 to €91,595
- Staff costs +€62,974
up €62,974 (+303.3%), from €20,762 to €83,736
- Depreciation +€8,859
up €8,859 (+134.6%), from €6,580 to €15,439
- Other operating charges +€4,679
up €4,679 (+165.9%), from €2,819 to €7,498
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 | €150,156 | €138,899 | -€11,257 | -7.5% |
| Fixed assets | 21/28 | €117,158 | €102,418 | -€14,740 | -12.6% |
| Tangible fixed assets | 22/27 | €113,358 | €98,618 | -€14,740 | -13.0% |
| Plant, machinery and equipment | 23 | €13,843 | €10,862 | -€2,980 | -21.5% |
| Furniture and vehicles | 24 | €6,891 | €5,965 | -€926 | -13.4% |
| Other tangible fixed assets | 26 | €92,624 | €81,791 | -€10,834 | -11.7% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €32,997 | €36,481 | +€3,484 | +10.6% |
| Stocks and contracts in progress | 3 | €14,024 | €11,259 | -€2,765 | -19.7% |
| Stocks | 30/36 | €14,024 | €11,259 | -€2,765 | -19.7% |
| Amounts receivable within one year | 40/41 | €13,187 | €6,852 | -€6,335 | -48.0% |
| Trade receivables | 40 | €8,290 | €3,868 | -€4,422 | -53.3% |
| Other amounts receivable | 41 | €4,897 | €2,985 | -€1,913 | -39.1% |
| Cash at bank and in hand | 54/58 | €5,640 | €18,207 | +€12,567 | +222.8% |
| Deferred charges and accrued income | 490/1 | €147 | €162 | +€16 | +10.6% |
| Total equity and liabilities | 10/49 | €150,156 | €138,899 | -€11,257 | -7.5% |
| Equity | 10/15 | €18,271 | €517 | -€17,753 | -97.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,729 | -€23,483 | -€17,753 | -309.9% |
| Amounts payable | 17/49 | €131,885 | €138,382 | +€6,497 | +4.9% |
| Amounts payable after more than one year | 17 | €105,828 | €89,967 | -€15,861 | -15.0% |
| Financial debts | 170/4 | €105,828 | €89,967 | -€15,861 | -15.0% |
| Amounts payable within one year | 42/48 | €26,057 | €47,970 | +€21,913 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €7,379 | €7,719 | +€340 | +4.6% |
| Trade debts | 44 | €8,440 | €15,463 | +€7,023 | +83.2% |
| Suppliers | 440/4 | €8,440 | €15,463 | +€7,023 | +83.2% |
| Advances received on contracts in progress | 46 | €1,911 | €5,224 | +€3,313 | +173.3% |
| Taxes, remuneration and social security | 45 | €7,221 | €18,459 | +€11,238 | +155.6% |
| Taxes | 450/3 | - | €5,055 | +€5,055 | |
| Remuneration and social security | 454/9 | €7,221 | €13,404 | +€6,183 | +85.6% |
| Other amounts payable | 47/48 | €1,106 | €1,106 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Remuneration, social security and pensions | 62 | €20,762 | €83,736 | +€62,974 | +303.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,580 | €15,439 | +€8,859 | +134.6% |
| Other operating charges | 640/8 | €2,819 | €7,498 | +€4,679 | +165.9% |
| Gross operating margin | 9900 | €26,530 | €91,595 | +€65,065 | +245.2% |
| Operating profit (loss) | 9901 | -€3,631 | -€15,077 | -€11,447 | -315.3% |
| Financial income | 75/76B | €139 | €146 | +€7 | +5.2% |
| Recurring financial income | 75 | €139 | €146 | +€7 | +5.2% |
| Financial charges | 65/66B | €2,237 | €2,052 | -€185 | -8.3% |
| Recurring financial charges | 65 | €2,237 | €2,052 | -€185 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,729 | -€16,984 | -€11,254 | -196.4% |
| Income taxes | 67/77 | - | €769 | +€769 | |
| Profit (loss) for the period | 9904 | -€5,729 | -€17,753 | -€12,024 | -209.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,729 | -€17,753 | -€12,024 | -209.9% |
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 12 October 2026 via checked.be.