PARADOXE: 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.
PARADOXE
Largest movements
- Tangible fixed assets -€6,128
down €6,128 (-47.9%), from €12,800 to €6,673
- Intangible fixed assets -€3,570
down €3,570 (-51.0%), from €7,004 to €3,434
- Receivables within one year -€1,386
down €1,386 (-89.3%), from €1,552 to €166
- Stocks and contracts +€1,335
up €1,335 (+19.4%), from €6,896 to €8,231
- Cash +€601
up €601 (+6.5%), from €9,296 to €9,897
mainly Depreciation (+€9,697) and Tax, wage and social debts (+€6,034)
- Profit (loss) carried forward -€10,484
down €10,484 (-98.7%), from €10,625 to €141
- Tax, wage and social debts +€6,034
up €6,034 (+141.6%), from €4,260 to €10,294
of which Remuneration and social security: +€4,332
- Debts after one year -€3,029
down €3,029 (-65.8%), from €4,606 to €1,577
- Trade debts +€2,590
up €2,590 (+56.6%), from €4,573 to €7,162
- Current portion of long-term debt -€2,341
down €2,341 (-43.6%), from €5,370 to €3,029
- Staff costs +€14,715
up €14,715 (+29.5%), from €49,957 to €64,672
- Gross operating margin -€4,044
down €4,044 (-5.7%), from €70,448 to €66,404
- Taxes -€2,734
down €2,734 (-95.1%), from €2,875 to €141
- Write-downs +€1,308
new in 2025: €1,308
- Financial charges -€805
down €805 (-63.9%), from €1,260 to €456
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 | €41,453 | €32,366 | -€9,087 | -21.9% |
| Fixed assets | 21/28 | €23,709 | €14,072 | -€9,637 | -40.6% |
| Intangible fixed assets | 21 | €7,004 | €3,434 | -€3,570 | -51.0% |
| Tangible fixed assets | 22/27 | €12,800 | €6,673 | -€6,128 | -47.9% |
| Plant, machinery and equipment | 23 | €12,800 | €6,673 | -€6,128 | -47.9% |
| Financial fixed assets | 28 | €3,905 | €3,965 | +€60 | +1.5% |
| Current assets | 29/58 | €17,744 | €18,294 | +€550 | +3.1% |
| Stocks and contracts in progress | 3 | €6,896 | €8,231 | +€1,335 | +19.4% |
| Stocks | 30/36 | €6,896 | €8,231 | +€1,335 | +19.4% |
| Amounts receivable within one year | 40/41 | €1,552 | €166 | -€1,386 | -89.3% |
| Other amounts receivable | 41 | €1,552 | €166 | -€1,386 | -89.3% |
| Cash at bank and in hand | 54/58 | €9,296 | €9,897 | +€601 | +6.5% |
| Total equity and liabilities | 10/49 | €41,453 | €32,366 | -€9,087 | -21.9% |
| Equity | 10/15 | €16,825 | €6,341 | -€10,484 | -62.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,625 | €141 | -€10,484 | -98.7% |
| Amounts payable | 17/49 | €24,628 | €26,024 | +€1,396 | +5.7% |
| Amounts payable after more than one year | 17 | €4,606 | €1,577 | -€3,029 | -65.8% |
| Financial debts | 170/4 | €4,606 | €1,577 | -€3,029 | -65.8% |
| Amounts payable within one year | 42/48 | €19,627 | €24,447 | +€4,821 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €5,370 | €3,029 | -€2,341 | -43.6% |
| Trade debts | 44 | €4,573 | €7,162 | +€2,590 | +56.6% |
| Suppliers | 440/4 | €4,573 | €7,162 | +€2,590 | +56.6% |
| Taxes, remuneration and social security | 45 | €4,260 | €10,294 | +€6,034 | +141.6% |
| Taxes | 450/3 | €843 | €2,546 | +€1,702 | +201.9% |
| Remuneration and social security | 454/9 | €3,417 | €7,748 | +€4,332 | +126.8% |
| Other amounts payable | 47/48 | €5,424 | €3,962 | -€1,462 | -27.0% |
| Accrued charges and deferred income | 492/3 | €395 | - | -€395 | |
| Remuneration, social security and pensions | 62 | €49,957 | €64,672 | +€14,715 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,697 | €9,697 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,308 | +€1,308 | |
| Other operating charges | 640/8 | €862 | €614 | -€248 | -28.8% |
| Gross operating margin | 9900 | €70,448 | €66,404 | -€4,044 | -5.7% |
| Operating profit (loss) | 9901 | €9,931 | -€9,887 | -€19,819 | |
| Financial charges | 65/66B | €1,260 | €456 | -€805 | -63.9% |
| Recurring financial charges | 65 | €1,260 | €456 | -€805 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | €8,671 | -€10,343 | -€19,014 | |
| Income taxes | 67/77 | €2,875 | €141 | -€2,734 | -95.1% |
| Profit (loss) for the period | 9904 | €5,796 | -€10,484 | -€16,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,796 | -€10,484 | -€16,280 |
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 3 October 2026 via checked.be.