P.S.: 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.
P.S.
Largest movements
- Tangible fixed assets -€6,795
down €6,795 (-16.1%), from €42,102 to €35,307
of which Furniture and vehicles: -€10,800
- Cash -€3,330
down €3,330 (-38.7%), from €8,608 to €5,278
mainly Debts after one year (-€12,255) and Investment in fixed assets (net) (-€4,691)
- Stocks and contracts +€2,764
up €2,764 (+17.8%), from €15,515 to €18,279
- Debts after one year -€12,255
down €12,255 (-38.0%), from €32,221 to €19,966
- Other debts +€4,452
up €4,452, from €0 to €4,452
- Profit (loss) carried forward -€2,186
down €2,186 (-721%), from -€303 to -€2,489
- Tax, wage and social debts +€1,510
up €1,510 (+48.7%), from €3,101 to €4,611
of which Remuneration and social security: +€2,250
- Trade debts +€1,118
up €1,118 (+7,034%), from €16 to €1,134
- Gross operating margin -€11,043
down €11,043 (-41.6%), from €26,525 to €15,482
- Other operating charges -€2,134
down €2,134 (-25.9%), from €8,235 to €6,100
- Taxes -€2,023
down €2,023 (-100%), from €2,023 to €0
- Depreciation +€460
up €460 (+4.2%), from €11,026 to €11,486
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 | €66,225 | €58,864 | -€7,362 | -11.1% |
| Fixed assets | 21/28 | €42,102 | €35,307 | -€6,795 | -16.1% |
| Tangible fixed assets | 22/27 | €42,102 | €35,307 | -€6,795 | -16.1% |
| Plant, machinery and equipment | 23 | €677 | €4,683 | +€4,005 | +591% |
| Furniture and vehicles | 24 | €41,425 | €30,625 | -€10,800 | -26.1% |
| Current assets | 29/58 | €24,123 | €23,556 | -€567 | -2.3% |
| Stocks and contracts in progress | 3 | €15,515 | €18,279 | +€2,764 | +17.8% |
| Stocks | 30/36 | €15,515 | €18,279 | +€2,764 | +17.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,608 | €5,278 | -€3,330 | -38.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €66,225 | €58,864 | -€7,362 | -11.1% |
| Equity | 10/15 | €18,632 | €16,446 | -€2,186 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335 | €335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €335 | €335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €335 | €335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303 | -€2,489 | -€2,186 | -721% |
| Amounts payable | 17/49 | €47,593 | €42,418 | -€5,175 | -10.9% |
| Amounts payable after more than one year | 17 | €32,221 | €19,966 | -€12,255 | -38.0% |
| Financial debts | 170/4 | €32,221 | €19,966 | -€12,255 | -38.0% |
| Amounts payable within one year | 42/48 | €15,372 | €22,451 | +€7,079 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €12,255 | €12,255 | = | 0.0% |
| Trade debts | 44 | €16 | €1,134 | +€1,118 | +7,034% |
| Suppliers | 440/4 | €16 | €1,134 | +€1,118 | +7,034% |
| Taxes, remuneration and social security | 45 | €3,101 | €4,611 | +€1,510 | +48.7% |
| Taxes | 450/3 | €3,101 | €2,361 | -€740 | -23.9% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €0 | €4,452 | +€4,452 | |
| Non-recurring operating income | 76A | €0 | €744 | +€744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,026 | €11,486 | +€460 | +4.2% |
| Other operating charges | 640/8 | €8,235 | €6,100 | -€2,134 | -25.9% |
| Gross operating margin | 9900 | €26,525 | €15,482 | -€11,043 | -41.6% |
| Operating profit (loss) | 9901 | €7,264 | -€2,105 | -€9,369 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €44 | €82 | +€38 | +85.7% |
| Recurring financial charges | 65 | €44 | €82 | +€38 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €7,220 | -€2,186 | -€9,407 | |
| Income taxes | 67/77 | €2,023 | €0 | -€2,023 | -100% |
| Profit (loss) for the period | 9904 | €5,198 | -€2,186 | -€7,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,198 | -€2,186 | -€7,384 |
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 13 October 2026 via checked.be.