PARENTHESE: 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.
PARENTHESE
Largest movements
- Tangible fixed assets -€5,180
down €5,180 (-30.6%), from €16,952 to €11,772
of which Furniture and vehicles: -€3,050
- Cash -€884
down €884 (-6.3%), from €14,075 to €13,191
mainly Other debts (-€2,663) and Debts after one year (-€2,290)
- Other debts -€2,663
down €2,663 (-45.5%), from €5,850 to €3,187
- Debts after one year -€2,290
down €2,290 (-100.0%), from €2,290 to €0
- Current portion of long-term debt -€1,049
down €1,049 (-31.4%), from €3,339 to €2,290
- Gross operating margin -€4,376
down €4,376 (-31.5%), from €13,887 to €9,511
- Depreciation -€2,442
down €2,442 (-32.0%), from €7,622 to €5,180
- Other operating charges -€466
down €466 (-14.3%), from €3,259 to €2,793
- Taxes -€328
down €328 (-29.0%), from €1,130 to €802
- Financial charges +€218
up €218 (+61.1%), from €357 to €575
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 | €32,324 | €26,580 | -€5,744 | -17.8% |
| Fixed assets | 21/28 | €16,952 | €11,772 | -€5,180 | -30.6% |
| Tangible fixed assets | 22/27 | €16,952 | €11,772 | -€5,180 | -30.6% |
| Land and buildings | 22 | €1,675 | €1,381 | -€294 | -17.6% |
| Plant, machinery and equipment | 23 | €7,711 | €6,244 | -€1,467 | -19.0% |
| Furniture and vehicles | 24 | €6,235 | €3,185 | -€3,050 | -48.9% |
| Other tangible fixed assets | 26 | €1,331 | €962 | -€369 | -27.7% |
| Current assets | 29/58 | €15,372 | €14,808 | -€564 | -3.7% |
| Amounts receivable within one year | 40/41 | €966 | €1,182 | +€216 | +22.4% |
| Trade receivables | 40 | €966 | €1,182 | +€216 | +22.4% |
| Cash at bank and in hand | 54/58 | €14,075 | €13,191 | -€884 | -6.3% |
| Deferred charges and accrued income | 490/1 | €331 | €435 | +€104 | +31.4% |
| Total equity and liabilities | 10/49 | €32,324 | €26,580 | -€5,744 | -17.8% |
| Equity | 10/15 | €17,298 | €17,462 | +€164 | +0.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €14,798 | €14,798 | = | 0.0% |
| Distributable reserves | 133 | €14,798 | €14,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €164 | +€164 | |
| Amounts payable | 17/49 | €15,026 | €9,118 | -€5,908 | -39.3% |
| Amounts payable after more than one year | 17 | €2,290 | €0 | -€2,290 | -100.0% |
| Financial debts | 170/4 | €2,290 | €0 | -€2,290 | -100.0% |
| Amounts payable within one year | 42/48 | €12,736 | €9,118 | -€3,618 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €3,339 | €2,290 | -€1,049 | -31.4% |
| Trade debts | 44 | €1,751 | €1,685 | -€66 | -3.8% |
| Suppliers | 440/4 | €1,751 | €1,685 | -€66 | -3.8% |
| Taxes, remuneration and social security | 45 | €1,796 | €1,956 | +€160 | +8.9% |
| Taxes | 450/3 | €1,796 | €1,956 | +€160 | +8.9% |
| Other amounts payable | 47/48 | €5,850 | €3,187 | -€2,663 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,622 | €5,180 | -€2,442 | -32.0% |
| Other operating charges | 640/8 | €3,259 | €2,793 | -€466 | -14.3% |
| Gross operating margin | 9900 | €13,887 | €9,511 | -€4,376 | -31.5% |
| Operating profit (loss) | 9901 | €3,006 | €1,538 | -€1,468 | -48.8% |
| Financial income | 75/76B | €26 | €3 | -€23 | -88.5% |
| Recurring financial income | 75 | €26 | €3 | -€23 | -88.5% |
| Financial charges | 65/66B | €357 | €575 | +€218 | +61.1% |
| Recurring financial charges | 65 | €357 | €575 | +€218 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,675 | €966 | -€1,709 | -63.9% |
| Income taxes | 67/77 | €1,130 | €802 | -€328 | -29.0% |
| Profit (loss) for the period | 9904 | €1,545 | €164 | -€1,381 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,545 | €164 | -€1,381 | -89.4% |
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 1 October 2026 via checked.be.