PAR EXEMPLE: 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.
PAR EXEMPLE
Largest movements
- Stocks and contracts -€52,538
down €52,538 (-78.4%), from €67,000 to €14,462
- Cash -€40,712
down €40,712 (-50.6%), from €80,397 to €39,685
mainly Other debts (-€48,821) and Advances received (-€33,819)
- Tangible fixed assets -€39,574
down €39,574 (-96.6%), from €40,947 to €1,373
of which Other tangible fixed assets: -€21,253
- Receivables within one year +€13,474
up €13,474 (+151%), from €8,905 to €22,379
of which Trade receivables: +€7,718
- Other debts -€48,821
down €48,821 (-63.1%), from €77,388 to €28,567
- Advances received -€33,819
no longer reported in 2025 (was €33,819)
- Tax, wage and social debts -€32,820
down €32,820 (-74.0%), from €44,369 to €11,548
of which Remuneration and social security: -€18,481
- Current portion of long-term debt +€15,786
new in 2025: €15,786
- Trade debts -€14,607
down €14,607 (-28.9%), from €50,588 to €35,981
- Gross operating margin -€110,720
down €110,720 (-58.0%), from €191,008 to €80,288
- Staff costs -€89,555
down €89,555 (-55.2%), from €162,205 to €72,651
- Financial charges +€3,608
up €3,608 (+593%), from €608 to €4,215
- Other operating charges -€2,454
down €2,454 (-47.4%), from €5,182 to €2,728
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 | €197,249 | €77,899 | -€119,351 | -60.5% |
| Fixed assets | 21/28 | €40,947 | €1,373 | -€39,574 | -96.6% |
| Tangible fixed assets | 22/27 | €40,947 | €1,373 | -€39,574 | -96.6% |
| Plant, machinery and equipment | 23 | €18,803 | €967 | -€17,836 | -94.9% |
| Furniture and vehicles | 24 | €890 | €405 | -€485 | -54.5% |
| Other tangible fixed assets | 26 | €21,253 | - | -€21,253 | |
| Current assets | 29/58 | €156,303 | €76,526 | -€79,777 | -51.0% |
| Stocks and contracts in progress | 3 | €67,000 | €14,462 | -€52,538 | -78.4% |
| Stocks | 30/36 | €67,000 | €14,462 | -€52,538 | -78.4% |
| Amounts receivable within one year | 40/41 | €8,905 | €22,379 | +€13,474 | +151% |
| Trade receivables | 40 | €8,787 | €16,505 | +€7,718 | +87.8% |
| Other amounts receivable | 41 | €118 | €5,875 | +€5,756 | +4,859% |
| Cash at bank and in hand | 54/58 | €80,397 | €39,685 | -€40,712 | -50.6% |
| Total equity and liabilities | 10/49 | €197,249 | €77,899 | -€119,351 | -60.5% |
| Equity | 10/15 | -€8,914 | -€21,420 | -€12,506 | -140% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,914 | -€46,420 | -€12,506 | -36.9% |
| Amounts payable | 17/49 | €206,163 | €99,319 | -€106,844 | -51.8% |
| Amounts payable after more than one year | 17 | - | €7,437 | +€7,437 | |
| Financial debts | 170/4 | - | €7,437 | +€7,437 | |
| Amounts payable within one year | 42/48 | €206,163 | €91,882 | -€114,282 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,786 | +€15,786 | |
| Trade debts | 44 | €50,588 | €35,981 | -€14,607 | -28.9% |
| Suppliers | 440/4 | €50,588 | €35,981 | -€14,607 | -28.9% |
| Advances received on contracts in progress | 46 | €33,819 | - | -€33,819 | |
| Taxes, remuneration and social security | 45 | €44,369 | €11,548 | -€32,820 | -74.0% |
| Taxes | 450/3 | €21,917 | €7,577 | -€14,340 | -65.4% |
| Remuneration and social security | 454/9 | €22,452 | €3,971 | -€18,481 | -82.3% |
| Other amounts payable | 47/48 | €77,388 | €28,567 | -€48,821 | -63.1% |
| Non-recurring operating income | 76A | - | €42,589 | +€42,589 | |
| Remuneration, social security and pensions | 62 | €162,205 | €72,651 | -€89,555 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,149 | €13,201 | -€948 | -6.7% |
| Other operating charges | 640/8 | €5,182 | €2,728 | -€2,454 | -47.4% |
| Gross operating margin | 9900 | €191,008 | €80,288 | -€110,720 | -58.0% |
| Operating profit (loss) | 9901 | €9,472 | -€8,291 | -€17,763 | |
| Financial charges | 65/66B | €608 | €4,215 | +€3,608 | +593% |
| Recurring financial charges | 65 | €608 | €4,215 | +€3,608 | +593% |
| Profit (loss) for the period before taxes | 9903 | €8,864 | -€12,506 | -€21,370 | |
| Income taxes | 67/77 | €1,463 | - | -€1,463 | |
| Profit (loss) for the period | 9904 | €7,400 | -€12,506 | -€19,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,400 | -€12,506 | -€19,907 |
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.