Opbouw: 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.
Opbouw
Largest movements
- Cash -€7,234
down €7,234 (-53.3%), from €13,567 to €6,333
mainly Other debts (-€5,927) and Receivables within one year (-€4,752)
- Receivables within one year +€4,752
up €4,752 (+117.4%), from €4,048 to €8,799
of which Trade receivables: +€4,937
- Tangible fixed assets -€908
down €908 (-24.8%), from €3,660 to €2,752
of which Furniture and vehicles: -€525
- Deferred charges and accrued income -€331
down €331 (-18.6%), from €1,774 to €1,443
- Other debts -€5,927
down €5,927 (-25.7%), from €23,054 to €17,127
- Profit (loss) carried forward +€1,525
up €1,525 (+47.8%), from -€3,191 to -€1,666
- Tax, wage and social debts +€520
up €520 (+51.3%), from €1,014 to €1,534
- Gross operating margin +€2,140
up €2,140 (+80.0%), from €2,675 to €4,815
- Financial charges -€446
down €446 (-20.4%), from €2,184 to €1,738
- Depreciation -€163
down €163 (-15.2%), from €1,071 to €908
- Other operating charges +€161
up €161 (+37.2%), from €433 to €595
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 | €23,049 | €19,328 | -€3,721 | -16.1% |
| Fixed assets | 21/28 | €3,660 | €2,752 | -€908 | -24.8% |
| Tangible fixed assets | 22/27 | €3,660 | €2,752 | -€908 | -24.8% |
| Furniture and vehicles | 24 | €525 | €0 | -€525 | -100.0% |
| Other tangible fixed assets | 26 | €3,135 | €2,752 | -€383 | -12.2% |
| Current assets | 29/58 | €19,389 | €16,576 | -€2,813 | -14.5% |
| Amounts receivable within one year | 40/41 | €4,048 | €8,799 | +€4,752 | +117.4% |
| Trade receivables | 40 | €3,328 | €8,264 | +€4,937 | +148.4% |
| Other amounts receivable | 41 | €720 | €535 | -€185 | -25.7% |
| Cash at bank and in hand | 54/58 | €13,567 | €6,333 | -€7,234 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,774 | €1,443 | -€331 | -18.6% |
| Total equity and liabilities | 10/49 | €23,049 | €19,328 | -€3,721 | -16.1% |
| Equity | 10/15 | -€1,191 | €334 | +€1,525 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,191 | -€1,666 | +€1,525 | +47.8% |
| Amounts payable | 17/49 | €24,241 | €18,995 | -€5,246 | -21.6% |
| Amounts payable within one year | 42/48 | €24,241 | €18,995 | -€5,246 | -21.6% |
| Trade debts | 44 | €173 | €333 | +€160 | +92.3% |
| Suppliers | 440/4 | €173 | €333 | +€160 | +92.3% |
| Taxes, remuneration and social security | 45 | €1,014 | €1,534 | +€520 | +51.3% |
| Taxes | 450/3 | €1,014 | €1,534 | +€520 | +51.3% |
| Other amounts payable | 47/48 | €23,054 | €17,127 | -€5,927 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €908 | -€163 | -15.2% |
| Other operating charges | 640/8 | €433 | €595 | +€161 | +37.2% |
| Gross operating margin | 9900 | €2,675 | €4,815 | +€2,140 | +80.0% |
| Operating profit (loss) | 9901 | €1,171 | €3,313 | +€2,141 | +182.9% |
| Financial income | 75/76B | €45 | €82 | +€38 | +84.4% |
| Recurring financial income | 75 | €45 | €82 | +€38 | +84.4% |
| Financial charges | 65/66B | €2,184 | €1,738 | -€446 | -20.4% |
| Recurring financial charges | 65 | €2,184 | €1,738 | -€446 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€969 | €1,657 | +€2,625 | |
| Income taxes | 67/77 | €133 | €132 | -€1 | -0.7% |
| Profit (loss) for the period | 9904 | -€1,102 | €1,525 | +€2,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,102 | €1,525 | +€2,626 |
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 4 October 2026 via checked.be.