PAGE-EVENT: 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.
PAGE-EVENT
Largest movements
- Cash +€11,258
up €11,258 (+4821.4%), from €234 to €11,492
mainly Net result for the year (+€25,986) and Receivables within one year (+€8,254)
- Receivables within one year -€8,254
down €8,254 (-96.5%), from €8,557 to €304
- Tangible fixed assets -€2,248
down €2,248 (-22.6%), from €9,958 to €7,710
- Deferred charges and accrued income -€409
down €409 (-34.8%), from €1,173 to €765
- Profit (loss) carried forward +€25,986
up €25,986 (+4.4%), from -€586,095 to -€560,109
- Debts after one year -€16,424
down €16,424 (-9.2%), from €179,439 to €163,015
of which Financial debts: -€16,424
- Trade debts -€7,314
down €7,314 (-16.6%), from €43,954 to €36,640
- Other debts -€3,766
down €3,766 (-1.2%), from €323,869 to €320,103
- Tax, wage and social debts +€1,105
up €1,105 (+4.5%), from €24,658 to €25,763
of which Taxes: +€6,686
- Gross operating margin +€13,553
up €13,553 (+66.1%), from €20,499 to €34,052
- Staff costs -€8,224
no longer reported in 2025 (was €8,224)
- Depreciation -€3,309
down €3,309 (-59.5%), from €5,556 to €2,248
- Financial income +€3,140
new in 2025: €3,140
- Other operating charges +€2,087
up €2,087 (+65.6%), from €3,184 to €5,272
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 | €21,630 | €21,923 | +€293 | +1.4% |
| Fixed assets | 21/28 | €11,095 | €8,847 | -€2,248 | -20.3% |
| Tangible fixed assets | 22/27 | €9,958 | €7,710 | -€2,248 | -22.6% |
| Furniture and vehicles | 24 | €9,958 | €7,710 | -€2,248 | -22.6% |
| Financial fixed assets | 28 | €1,137 | €1,137 | = | 0.0% |
| Current assets | 29/58 | €10,535 | €13,075 | +€2,541 | +24.1% |
| Stocks and contracts in progress | 3 | €570 | €515 | -€55 | -9.7% |
| Stocks | 30/36 | €570 | €515 | -€55 | -9.7% |
| Amounts receivable within one year | 40/41 | €8,557 | €304 | -€8,254 | -96.5% |
| Trade receivables | 40 | €8,557 | €304 | -€8,254 | -96.5% |
| Cash at bank and in hand | 54/58 | €234 | €11,492 | +€11,258 | +4821.4% |
| Deferred charges and accrued income | 490/1 | €1,173 | €765 | -€409 | -34.8% |
| Total equity and liabilities | 10/49 | €21,630 | €21,923 | +€293 | +1.4% |
| Equity | 10/15 | -€566,796 | -€540,810 | +€25,986 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €699 | €699 | = | 0.0% |
| Non-distributable reserves | 130/1 | €699 | €699 | = | 0.0% |
| Reserves not available under the articles | 1311 | €699 | €699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€586,095 | -€560,109 | +€25,986 | +4.4% |
| Amounts payable | 17/49 | €588,425 | €562,732 | -€25,693 | -4.4% |
| Amounts payable after more than one year | 17 | €179,439 | €163,015 | -€16,424 | -9.2% |
| Financial debts | 170/4 | €51,648 | €35,224 | -€16,424 | -31.8% |
| Other amounts payable | 178/9 | €127,792 | €127,792 | = | 0.0% |
| Amounts payable within one year | 42/48 | €408,599 | €398,930 | -€9,669 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €16,118 | €16,424 | +€306 | +1.9% |
| Trade debts | 44 | €43,954 | €36,640 | -€7,314 | -16.6% |
| Suppliers | 440/4 | €43,954 | €36,640 | -€7,314 | -16.6% |
| Taxes, remuneration and social security | 45 | €24,658 | €25,763 | +€1,105 | +4.5% |
| Taxes | 450/3 | €6,389 | €13,075 | +€6,686 | +104.6% |
| Remuneration and social security | 454/9 | €18,269 | €12,688 | -€5,580 | -30.5% |
| Other amounts payable | 47/48 | €323,869 | €320,103 | -€3,766 | -1.2% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103.2% |
| Non-recurring operating income | 76A | €611 | €1,059 | +€447 | +73.2% |
| Remuneration, social security and pensions | 62 | €8,224 | - | -€8,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,556 | €2,248 | -€3,309 | -59.5% |
| Other operating charges | 640/8 | €3,184 | €5,272 | +€2,087 | +65.6% |
| Gross operating margin | 9900 | €20,499 | €34,052 | +€13,553 | +66.1% |
| Operating profit (loss) | 9901 | €3,534 | €26,532 | +€22,998 | +650.7% |
| Financial income | 75/76B | - | €3,140 | +€3,140 | |
| Recurring financial income | 75 | - | €3,140 | +€3,140 | |
| Financial charges | 65/66B | €5,195 | €3,686 | -€1,508 | -29.0% |
| Recurring financial charges | 65 | €5,195 | €3,686 | -€1,508 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,660 | €25,986 | +€27,647 | |
| Profit (loss) for the period | 9904 | -€1,660 | €25,986 | +€27,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,660 | €25,986 | +€27,647 |
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 6 October 2026 via checked.be.