Particular: 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.
Particular
Largest movements
- Receivables within one year +€22,754
up €22,754 (+97.3%), from €23,393 to €46,147
of which Trade receivables: +€25,196
- Cash -€22,445
down €22,445 (-24.7%), from €91,007 to €68,562
mainly Other debts (-€47,833) and Receivables within one year (-€22,754)
- Tangible fixed assets -€21,630
down €21,630 (-26.1%), from €82,755 to €61,125
of which Furniture and vehicles: -€17,356
- Other debts -€47,833
down €47,833 (-98.5%), from €48,576 to €743
- Reserves +€33,095
up €33,095 (+44.3%), from €74,654 to €107,749
- Debts after one year -€13,857
down €13,857 (-38.7%), from €35,852 to €21,995
- Tax, wage and social debts +€6,760
up €6,760 (+150.0%), from €4,507 to €11,267
- Gross operating margin -€24,747
down €24,747 (-26.3%), from €93,996 to €69,250
- Depreciation +€6,698
up €6,698 (+38.9%), from €17,199 to €23,897
- Taxes -€5,067
down €5,067 (-34.0%), from €14,886 to €9,819
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 | €198,674 | €177,407 | -€21,267 | -10.7% |
| Fixed assets | 21/28 | €82,755 | €61,125 | -€21,630 | -26.1% |
| Tangible fixed assets | 22/27 | €82,755 | €61,125 | -€21,630 | -26.1% |
| Plant, machinery and equipment | 23 | €14,335 | €10,061 | -€4,275 | -29.8% |
| Furniture and vehicles | 24 | €68,420 | €51,064 | -€17,356 | -25.4% |
| Current assets | 29/58 | €115,919 | €116,282 | +€363 | +0.3% |
| Amounts receivable within one year | 40/41 | €23,393 | €46,147 | +€22,754 | +97.3% |
| Trade receivables | 40 | €20,771 | €45,966 | +€25,196 | +121.3% |
| Other amounts receivable | 41 | €2,623 | €181 | -€2,442 | -93.1% |
| Cash at bank and in hand | 54/58 | €91,007 | €68,562 | -€22,445 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,573 | +€54 | +3.6% |
| Total equity and liabilities | 10/49 | €198,674 | €177,407 | -€21,267 | -10.7% |
| Equity | 10/15 | €93,204 | €126,299 | +€33,095 | +35.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €74,654 | €107,749 | +€33,095 | +44.3% |
| Distributable reserves | 133 | €74,654 | €107,749 | +€33,095 | +44.3% |
| Amounts payable | 17/49 | €105,470 | €51,108 | -€54,362 | -51.5% |
| Amounts payable after more than one year | 17 | €35,852 | €21,995 | -€13,857 | -38.7% |
| Financial debts | 170/4 | €35,852 | €21,995 | -€13,857 | -38.7% |
| Amounts payable within one year | 42/48 | €69,601 | €29,113 | -€40,488 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €13,246 | €13,857 | +€612 | +4.6% |
| Trade debts | 44 | €3,272 | €3,246 | -€26 | -0.8% |
| Suppliers | 440/4 | €3,272 | €3,246 | -€26 | -0.8% |
| Taxes, remuneration and social security | 45 | €4,507 | €11,267 | +€6,760 | +150.0% |
| Taxes | 450/3 | €4,507 | €11,267 | +€6,760 | +150.0% |
| Other amounts payable | 47/48 | €48,576 | €743 | -€47,833 | -98.5% |
| Accrued charges and deferred income | 492/3 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,199 | €23,897 | +€6,698 | +38.9% |
| Other operating charges | 640/8 | €290 | €305 | +€15 | +5.3% |
| Gross operating margin | 9900 | €93,996 | €69,250 | -€24,747 | -26.3% |
| Operating profit (loss) | 9901 | €76,508 | €45,048 | -€31,460 | -41.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,435 | €2,134 | +€699 | +48.7% |
| Recurring financial charges | 65 | €1,435 | €2,134 | +€699 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €75,073 | €42,914 | -€32,159 | -42.8% |
| Income taxes | 67/77 | €14,886 | €9,819 | -€5,067 | -34.0% |
| Profit (loss) for the period | 9904 | €60,187 | €33,095 | -€27,092 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,187 | €33,095 | -€27,092 | -45.0% |
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 10 October 2026 via checked.be.