PARTICULE A: 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.
PARTICULE A
Largest movements
- Cash -€17,242
down €17,242 (-36.3%), from €47,513 to €30,272
mainly Tax, wage and social debts (-€9,940) and Receivables within one year (-€7,565)
- Receivables within one year +€7,565
up €7,565 (+47.1%), from €16,062 to €23,626
of which Trade receivables: +€4,150
- Tangible fixed assets +€2,416
new in 2025: €2,416
- Deferred charges and accrued income -€2,187
down €2,187 (-70.3%), from €3,113 to €926
- Tax, wage and social debts -€9,940
down €9,940 (-87.1%), from €11,418 to €1,478
of which Taxes: -€5,940
- Other debts -€2,072
down €2,072 (-27.6%), from €7,509 to €5,438
- Profit (loss) carried forward +€1,509
up €1,509 (+4.8%), from €31,337 to €32,847
- Trade debts +€1,482
up €1,482 (+133.6%), from €1,109 to €2,591
- Short-term financial debts -€719
down €719 (-98.5%), from €730 to €11
- Gross operating margin -€10,061
down €10,061 (-72.0%), from €13,966 to €3,906
- Taxes -€1,914
down €1,914 (-72.8%), from €2,631 to €716
- Depreciation +€582
new in 2025: €582
- Financial charges +€443
up €443 (+123.8%), from €357 to €800
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 | €70,704 | €60,965 | -€9,739 | -13.8% |
| Fixed assets | 21/28 | - | €2,416 | +€2,416 | |
| Tangible fixed assets | 22/27 | - | €2,416 | +€2,416 | |
| Furniture and vehicles | 24 | - | €2,416 | +€2,416 | |
| Current assets | 29/58 | €70,704 | €58,548 | -€12,156 | -17.2% |
| Stocks and contracts in progress | 3 | €4,016 | €3,725 | -€292 | -7.3% |
| Stocks | 30/36 | €4,016 | €3,725 | -€292 | -7.3% |
| Amounts receivable within one year | 40/41 | €16,062 | €23,626 | +€7,565 | +47.1% |
| Trade receivables | 40 | €15,192 | €19,343 | +€4,150 | +27.3% |
| Other amounts receivable | 41 | €869 | €4,284 | +€3,414 | +392.7% |
| Cash at bank and in hand | 54/58 | €47,513 | €30,272 | -€17,242 | -36.3% |
| Deferred charges and accrued income | 490/1 | €3,113 | €926 | -€2,187 | -70.3% |
| Total equity and liabilities | 10/49 | €70,704 | €60,965 | -€9,739 | -13.8% |
| Equity | 10/15 | €49,937 | €51,447 | +€1,509 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,337 | €32,847 | +€1,509 | +4.8% |
| Amounts payable | 17/49 | €20,767 | €9,518 | -€11,249 | -54.2% |
| Amounts payable within one year | 42/48 | €20,767 | €9,518 | -€11,249 | -54.2% |
| Financial debts | 43 | €730 | €11 | -€719 | -98.5% |
| Credit institutions | 430/8 | €730 | €11 | -€719 | -98.5% |
| Trade debts | 44 | €1,109 | €2,591 | +€1,482 | +133.6% |
| Suppliers | 440/4 | €1,109 | €2,591 | +€1,482 | +133.6% |
| Taxes, remuneration and social security | 45 | €11,418 | €1,478 | -€9,940 | -87.1% |
| Taxes | 450/3 | €7,418 | €1,478 | -€5,940 | -80.1% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €7,509 | €5,438 | -€2,072 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €582 | +€582 | |
| Other operating charges | 640/8 | €399 | €404 | +€4 | +1.1% |
| Gross operating margin | 9900 | €13,966 | €3,906 | -€10,061 | -72.0% |
| Operating profit (loss) | 9901 | €13,567 | €2,920 | -€10,647 | -78.5% |
| Financial income | 75/76B | €84 | €106 | +€22 | +26.3% |
| Recurring financial income | 75 | €84 | €106 | +€22 | +26.3% |
| Financial charges | 65/66B | €357 | €800 | +€443 | +123.8% |
| Recurring financial charges | 65 | €357 | €800 | +€443 | +123.8% |
| Profit (loss) for the period before taxes | 9903 | €13,293 | €2,226 | -€11,068 | -83.3% |
| Income taxes | 67/77 | €2,631 | €716 | -€1,914 | -72.8% |
| Profit (loss) for the period | 9904 | €10,663 | €1,509 | -€9,153 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,663 | €1,509 | -€9,153 | -85.8% |
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 5 October 2026 via checked.be.