ONLY ONE SOLUTION: 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.
ONLY ONE SOLUTION
Largest movements
- Receivables within one year -€21,820
down €21,820 (-49.8%), from €43,823 to €22,003
of which Trade receivables: -€21,022
- Tangible fixed assets -€7,930
down €7,930 (-56.3%), from €14,086 to €6,156
of which Furniture and vehicles: -€8,517
- Cash +€5,859
up €5,859 (+51.9%), from €11,290 to €17,149
mainly Receivables within one year (+€21,820) and Depreciation (+€9,911)
- Reserves -€9,704
down €9,704 (-23.2%), from €41,905 to €32,201
- Tax, wage and social debts -€4,147
down €4,147 (-25.2%), from €16,462 to €12,315
- Profit (loss) carried forward -€3,901
new in 2025: -€3,901
- Short-term financial debts -€3,361
no longer reported in 2025 (was €3,361)
- Debts after one year -€2,529
down €2,529 (-45.1%), from €5,602 to €3,073
- Gross operating margin -€6,317
down €6,317 (-44.0%), from €14,363 to €8,045
- Other operating charges -€1,706
down €1,706 (-79.2%), from €2,153 to €447
- Depreciation +€1,699
up €1,699 (+20.7%), from €8,212 to €9,911
- Taxes -€1,607
down €1,607 (-59.9%), from €2,682 to €1,075
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 | €71,535 | €47,336 | -€24,199 | -33.8% |
| Fixed assets | 21/28 | €15,239 | €7,309 | -€7,930 | -52.0% |
| Tangible fixed assets | 22/27 | €14,086 | €6,156 | -€7,930 | -56.3% |
| Plant, machinery and equipment | 23 | €897 | €1,813 | +€916 | +102.1% |
| Furniture and vehicles | 24 | €10,646 | €2,129 | -€8,517 | -80.0% |
| Other tangible fixed assets | 26 | €2,543 | €2,214 | -€329 | -12.9% |
| Financial fixed assets | 28 | €1,153 | €1,153 | = | 0.0% |
| Current assets | 29/58 | €56,296 | €40,027 | -€16,268 | -28.9% |
| Amounts receivable within one year | 40/41 | €43,823 | €22,003 | -€21,820 | -49.8% |
| Trade receivables | 40 | €29,333 | €8,312 | -€21,022 | -71.7% |
| Other amounts receivable | 41 | €14,490 | €13,692 | -€798 | -5.5% |
| Cash at bank and in hand | 54/58 | €11,290 | €17,149 | +€5,859 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,183 | €875 | -€307 | -26.0% |
| Total equity and liabilities | 10/49 | €71,535 | €47,336 | -€24,199 | -33.8% |
| Equity | 10/15 | €41,905 | €28,300 | -€13,605 | -32.5% |
| Reserves | 13 | €41,905 | €32,201 | -€9,704 | -23.2% |
| Distributable reserves | 133 | €41,905 | €32,201 | -€9,704 | -23.2% |
| Profit (loss) carried forward | 14 | - | -€3,901 | -€3,901 | |
| Amounts payable | 17/49 | €29,630 | €19,036 | -€10,594 | -35.8% |
| Amounts payable after more than one year | 17 | €5,602 | €3,073 | -€2,529 | -45.1% |
| Financial debts | 170/4 | €5,602 | €3,073 | -€2,529 | -45.1% |
| Amounts payable within one year | 42/48 | €24,028 | €15,963 | -€8,065 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €2,436 | €2,529 | +€93 | +3.8% |
| Financial debts | 43 | €3,361 | - | -€3,361 | |
| Credit institutions | 430/8 | €3,361 | - | -€3,361 | |
| Trade debts | 44 | €1,769 | €1,119 | -€651 | -36.8% |
| Suppliers | 440/4 | €1,769 | €1,119 | -€651 | -36.8% |
| Taxes, remuneration and social security | 45 | €16,462 | €12,315 | -€4,147 | -25.2% |
| Taxes | 450/3 | €16,462 | €12,315 | -€4,147 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,212 | €9,911 | +€1,699 | +20.7% |
| Other operating charges | 640/8 | €2,153 | €447 | -€1,706 | -79.2% |
| Gross operating margin | 9900 | €14,363 | €8,045 | -€6,317 | -44.0% |
| Operating profit (loss) | 9901 | €3,998 | -€2,312 | -€6,310 | |
| Financial income | 75/76B | €28 | €89 | +€61 | +220.3% |
| Recurring financial income | 75 | €28 | €89 | +€61 | +220.3% |
| Financial charges | 65/66B | €734 | €603 | -€131 | -17.8% |
| Recurring financial charges | 65 | €734 | €603 | -€131 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €3,292 | -€2,826 | -€6,118 | |
| Income taxes | 67/77 | €2,682 | €1,075 | -€1,607 | -59.9% |
| Profit (loss) for the period | 9904 | €610 | -€3,901 | -€4,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €610 | -€3,901 | -€4,511 |
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.