Pencil@Home: what changed
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Largest movements
- Tangible fixed assets -€16,411
down €16,411 (-14.4%), from €113,871 to €97,460
of which Land and buildings: -€8,667
- Cash +€4,506
up €4,506 (+361%), from €1,249 to €5,755
mainly Depreciation (+€16,411) and Other debts (+€129)
- Reserves -€6,448
no longer reported in 2025 (was €6,448)
- Profit (loss) carried forward -€2,705
new in 2025: -€2,705
- Trade debts -€1,461
down €1,461 (-73.3%), from €1,992 to €531
- Depreciation +€9,356
up €9,356 (+133%), from €7,055 to €16,411
- Gross operating margin -€7,799
down €7,799 (-49.3%), from €15,833 to €8,033
- Taxes -€1,654
down €1,654 (-90.6%), from €1,825 to €171
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,330 | €107,091 | -€11,239 | -9.5% |
| Fixed assets | 21/28 | €113,871 | €97,460 | -€16,411 | -14.4% |
| Tangible fixed assets | 22/27 | €113,871 | €97,460 | -€16,411 | -14.4% |
| Land and buildings | 22 | €76,512 | €67,845 | -€8,667 | -11.3% |
| Furniture and vehicles | 24 | €37,359 | €29,615 | -€7,745 | -20.7% |
| Current assets | 29/58 | €4,459 | €9,631 | +€5,173 | +116% |
| Amounts receivable within one year | 40/41 | €3,210 | €3,822 | +€612 | +19.1% |
| Trade receivables | 40 | €2,783 | €3,822 | +€1,039 | +37.3% |
| Other amounts receivable | 41 | €427 | - | -€427 | |
| Cash at bank and in hand | 54/58 | €1,249 | €5,755 | +€4,506 | +361% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €118,330 | €107,091 | -€11,239 | -9.5% |
| Equity | 10/15 | €8,948 | -€205 | -€9,154 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,448 | - | -€6,448 | |
| Distributable reserves | 133 | €6,448 | - | -€6,448 | |
| Profit (loss) carried forward | 14 | - | -€2,705 | -€2,705 | |
| Amounts payable | 17/49 | €109,381 | €107,296 | -€2,085 | -1.9% |
| Amounts payable within one year | 42/48 | €109,342 | €107,296 | -€2,046 | -1.9% |
| Trade debts | 44 | €1,992 | €531 | -€1,461 | -73.3% |
| Suppliers | 440/4 | €1,992 | €531 | -€1,461 | -73.3% |
| Taxes, remuneration and social security | 45 | €1,825 | €1,111 | -€714 | -39.1% |
| Taxes | 450/3 | €1,825 | €1,111 | -€714 | -39.1% |
| Other amounts payable | 47/48 | €105,526 | €105,655 | +€129 | +0.1% |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,055 | €16,411 | +€9,356 | +133% |
| Other operating charges | 640/8 | €421 | €449 | +€28 | +6.7% |
| Gross operating margin | 9900 | €15,833 | €8,033 | -€7,799 | -49.3% |
| Operating profit (loss) | 9901 | €8,357 | -€8,827 | -€17,184 | |
| Financial income | 75/76B | €8 | €5 | -€3 | -41.7% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -41.7% |
| Financial charges | 65/66B | €92 | €160 | +€69 | +74.8% |
| Recurring financial charges | 65 | €92 | €160 | +€69 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €8,273 | -€8,983 | -€17,256 | |
| Income taxes | 67/77 | €1,825 | €171 | -€1,654 | -90.6% |
| Profit (loss) for the period | 9904 | €6,448 | -€9,154 | -€15,602 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,448 | -€9,154 | -€15,602 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.