ORIGINAL 95: 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.
ORIGINAL 95
Largest movements
- Cash -€40,524
down €40,524 (-83.2%), from €48,727 to €8,202
mainly Investment in fixed assets (net) (-€75,850) and Net result for the year (-€26,785)
- Tangible fixed assets -€13,717
down €13,717 (-4.0%), from €341,650 to €327,933
of which Other tangible fixed assets: -€21,924
- Debts after one year -€15,854
down €15,854 (-6.6%), from €241,001 to €225,146
- Profit (loss) carried forward -€14,785
down €14,785 (-96.8%), from €15,268 to €483
- Other debts -€12,996
down €12,996 (-62.4%), from €20,814 to €7,819
- Current portion of long-term debt -€12,977
down €12,977 (-14.9%), from €87,169 to €74,192
- Staff costs +€36,116
up €36,116 (+54.6%), from €66,198 to €102,315
- Depreciation +€14,182
up €14,182 (+18.8%), from €75,386 to €89,568
- Other operating charges -€9,270
down €9,270 (-52.1%), from €17,803 to €8,533
- Gross operating margin -€7,983
down €7,983 (-4.0%), from €201,532 to €193,548
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 | €413,692 | €362,926 | -€50,767 | -12.3% |
| Fixed assets | 21/28 | €342,073 | €328,356 | -€13,717 | -4.0% |
| Tangible fixed assets | 22/27 | €341,650 | €327,933 | -€13,717 | -4.0% |
| Plant, machinery and equipment | 23 | €121,002 | €130,483 | +€9,481 | +7.8% |
| Furniture and vehicles | 24 | €2,313 | €1,038 | -€1,275 | -55.1% |
| Other tangible fixed assets | 26 | €218,335 | €196,411 | -€21,924 | -10.0% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €71,619 | €34,570 | -€37,049 | -51.7% |
| Stocks and contracts in progress | 3 | €17,025 | €18,475 | +€1,449 | +8.5% |
| Stocks | 30/36 | €17,025 | €18,475 | +€1,449 | +8.5% |
| Amounts receivable within one year | 40/41 | €1,827 | €3,835 | +€2,008 | +110% |
| Trade receivables | 40 | €1,599 | €2,566 | +€968 | +60.5% |
| Other amounts receivable | 41 | €228 | €1,269 | +€1,041 | +457% |
| Cash at bank and in hand | 54/58 | €48,727 | €8,202 | -€40,524 | -83.2% |
| Deferred charges and accrued income | 490/1 | €4,041 | €4,058 | +€17 | +0.4% |
| Total equity and liabilities | 10/49 | €413,692 | €362,926 | -€50,767 | -12.3% |
| Equity | 10/15 | €35,268 | €20,483 | -€14,785 | -41.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,268 | €483 | -€14,785 | -96.8% |
| Amounts payable | 17/49 | €378,425 | €342,443 | -€35,982 | -9.5% |
| Amounts payable after more than one year | 17 | €241,001 | €225,146 | -€15,854 | -6.6% |
| Financial debts | 170/4 | €241,001 | €225,146 | -€15,854 | -6.6% |
| Amounts payable within one year | 42/48 | €137,424 | €117,223 | -€20,201 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €87,169 | €74,192 | -€12,977 | -14.9% |
| Trade debts | 44 | €17,633 | €19,916 | +€2,283 | +12.9% |
| Suppliers | 440/4 | €17,633 | €19,916 | +€2,283 | +12.9% |
| Taxes, remuneration and social security | 45 | €11,807 | €15,297 | +€3,490 | +29.6% |
| Taxes | 450/3 | €1,137 | €1,401 | +€264 | +23.2% |
| Remuneration and social security | 454/9 | €10,671 | €13,896 | +€3,225 | +30.2% |
| Other amounts payable | 47/48 | €20,814 | €7,819 | -€12,996 | -62.4% |
| Accrued charges and deferred income | 492/3 | €0 | €73 | +€73 | |
| Remuneration, social security and pensions | 62 | €66,198 | €102,315 | +€36,116 | +54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,386 | €89,568 | +€14,182 | +18.8% |
| Other operating charges | 640/8 | €17,803 | €8,533 | -€9,270 | -52.1% |
| Non-recurring operating charges | 66A | €4,572 | €233 | -€4,339 | -94.9% |
| Gross operating margin | 9900 | €201,532 | €193,548 | -€7,983 | -4.0% |
| Operating profit (loss) | 9901 | €37,573 | -€7,101 | -€44,673 | |
| Financial income | 75/76B | €35 | €23 | -€13 | -36.0% |
| Recurring financial income | 75 | €35 | €23 | -€13 | -36.0% |
| Financial charges | 65/66B | €18,953 | €19,577 | +€624 | +3.3% |
| Recurring financial charges | 65 | €18,953 | €19,377 | +€424 | +2.2% |
| Non-recurring financial charges | 66B | - | €200 | +€200 | |
| Profit (loss) for the period before taxes | 9903 | €18,655 | -€26,655 | -€45,310 | |
| Income taxes | 67/77 | €230 | €130 | -€101 | -43.8% |
| Profit (loss) for the period | 9904 | €18,425 | -€26,785 | -€45,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,425 | -€26,785 | -€45,209 |
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 14 October 2026 via checked.be.