Ownership: 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.
Ownership
Largest movements
- Receivables within one year -€18,671
down €18,671 (-70.5%), from €26,498 to €7,827
of which Other amounts receivable: -€18,340
- Tangible fixed assets -€12,207
down €12,207 (-11.9%), from €102,244 to €90,037
of which Furniture and vehicles: -€8,265
- Cash -€6,529
down €6,529 (-69.1%), from €9,453 to €2,923
mainly Debts after one year (-€29,052) and Trade debts (-€7,404)
- Debts after one year -€29,052
down €29,052 (-72.0%), from €40,326 to €11,275
- Trade debts -€7,404
down €7,404 (-26.1%), from €28,362 to €20,957
- Tax, wage and social debts -€5,796
down €5,796 (-37.7%), from €15,367 to €9,571
- Reserves +€2,853
up €2,853 (+25.0%), from €11,394 to €14,247
- Gross operating margin +€8,772
up €8,772 (+43.5%), from €20,143 to €28,915
- Depreciation +€6,570
up €6,570 (+54.2%), from €12,127 to €18,697
- Other operating charges -€410
down €410 (-35.6%), from €1,152 to €742
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 | €139,384 | €101,885 | -€37,499 | -26.9% |
| Fixed assets | 21/28 | €102,244 | €90,037 | -€12,207 | -11.9% |
| Tangible fixed assets | 22/27 | €102,244 | €90,037 | -€12,207 | -11.9% |
| Furniture and vehicles | 24 | €43,141 | €34,876 | -€8,265 | -19.2% |
| Other tangible fixed assets | 26 | €59,104 | €55,161 | -€3,943 | -6.7% |
| Current assets | 29/58 | €37,139 | €11,848 | -€25,292 | -68.1% |
| Amounts receivable within one year | 40/41 | €26,498 | €7,827 | -€18,671 | -70.5% |
| Trade receivables | 40 | €332 | €0 | -€332 | -100% |
| Other amounts receivable | 41 | €26,167 | €7,827 | -€18,340 | -70.1% |
| Cash at bank and in hand | 54/58 | €9,453 | €2,923 | -€6,529 | -69.1% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,097 | -€91 | -7.7% |
| Total equity and liabilities | 10/49 | €139,384 | €101,885 | -€37,499 | -26.9% |
| Equity | 10/15 | €16,394 | €19,247 | +€2,853 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,394 | €14,247 | +€2,853 | +25.0% |
| Distributable reserves | 133 | €11,394 | €14,247 | +€2,853 | +25.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,990 | €82,638 | -€40,352 | -32.8% |
| Amounts payable after more than one year | 17 | €40,326 | €11,275 | -€29,052 | -72.0% |
| Financial debts | 170/4 | €40,326 | €11,275 | -€29,052 | -72.0% |
| Amounts payable within one year | 42/48 | €82,663 | €70,783 | -€11,880 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €27,768 | €29,052 | +€1,284 | +4.6% |
| Trade debts | 44 | €28,362 | €20,957 | -€7,404 | -26.1% |
| Suppliers | 440/4 | €28,362 | €20,957 | -€7,404 | -26.1% |
| Taxes, remuneration and social security | 45 | €15,367 | €9,571 | -€5,796 | -37.7% |
| Taxes | 450/3 | €15,367 | €9,571 | -€5,796 | -37.7% |
| Other amounts payable | 47/48 | €11,166 | €11,203 | +€36 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | €580 | +€580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,127 | €18,697 | +€6,570 | +54.2% |
| Other operating charges | 640/8 | €1,152 | €742 | -€410 | -35.6% |
| Gross operating margin | 9900 | €20,143 | €28,915 | +€8,772 | +43.5% |
| Operating profit (loss) | 9901 | €6,863 | €9,476 | +€2,612 | +38.1% |
| Financial income | 75/76B | €997 | €919 | -€78 | -7.9% |
| Recurring financial income | 75 | €997 | €919 | -€78 | -7.9% |
| Financial charges | 65/66B | €2,610 | €2,800 | +€190 | +7.3% |
| Recurring financial charges | 65 | €2,610 | €2,800 | +€190 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €5,250 | €7,594 | +€2,344 | +44.6% |
| Income taxes | 67/77 | €2,782 | €3,023 | +€241 | +8.7% |
| Profit (loss) for the period | 9904 | €2,468 | €4,571 | +€2,103 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,468 | €4,571 | +€2,103 | +85.2% |
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 31 October 2026 via checked.be.