PERSONAL TOUCH: 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.
PERSONAL TOUCH
Largest movements
- Tangible fixed assets -€74,712
down €74,712 (-87.9%), from €84,992 to €10,280
of which Other tangible fixed assets: -€62,229
- Receivables within one year +€51,454
up €51,454 (+546.0%), from €9,423 to €60,878
of which Other amounts receivable: +€43,375
- Receivables after one year -€41,709
no longer reported in 2025 (was €41,709)
- Cash +€18,743
up €18,743 (+74.6%), from €25,136 to €43,879
mainly Investment in fixed assets (net) (+€70,439) and Receivables after one year (+€41,709)
- Stocks and contracts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts -€22,742
down €22,742 (-88.7%), from €25,648 to €2,905
of which Remuneration and social security: -€15,537
- Reserves -€16,569
down €16,569 (-20.2%), from €82,068 to €65,499
of which Distributable reserves: -€16,569
- Debts after one year -€6,316
down €6,316 (-63.7%), from €9,922 to €3,606
- Trade debts -€5,441
down €5,441 (-32.9%), from €16,552 to €11,111
- Current portion of long-term debt -€4,745
down €4,745 (-42.9%), from €11,061 to €6,316
- Gross operating margin -€92,493
down €92,493 (-53.4%), from €173,321 to €80,828
- Staff costs -€57,510
down €57,510 (-40.5%), from €141,834 to €84,324
- Depreciation -€14,527
down €14,527 (-75.6%), from €19,203 to €4,676
- Financial charges +€3,695
up €3,695 (+82.3%), from €4,490 to €8,185
- Taxes -€3,566
down €3,566, from €3,543 to -€24
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 | €170,850 | €115,037 | -€55,814 | -32.7% |
| Fixed assets | 21/28 | €85,395 | €10,280 | -€75,115 | -88.0% |
| Tangible fixed assets | 22/27 | €84,992 | €10,280 | -€74,712 | -87.9% |
| Plant, machinery and equipment | 23 | €7,807 | - | -€7,807 | |
| Furniture and vehicles | 24 | €14,956 | €10,280 | -€4,676 | -31.3% |
| Other tangible fixed assets | 26 | €62,229 | - | -€62,229 | |
| Financial fixed assets | 28 | €404 | - | -€404 | |
| Current assets | 29/58 | €85,455 | €104,757 | +€19,302 | +22.6% |
| Amounts receivable after more than one year | 29 | €41,709 | - | -€41,709 | |
| Other amounts receivable | 291 | €41,709 | - | -€41,709 | |
| Stocks and contracts in progress | 3 | €5,000 | - | -€5,000 | |
| Stocks | 30/36 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €9,423 | €60,878 | +€51,454 | +546.0% |
| Trade receivables | 40 | €1,157 | €9,236 | +€8,079 | +698.3% |
| Other amounts receivable | 41 | €8,266 | €51,642 | +€43,375 | +524.7% |
| Cash at bank and in hand | 54/58 | €25,136 | €43,879 | +€18,743 | +74.6% |
| Deferred charges and accrued income | 490/1 | €4,186 | - | -€4,186 | |
| Total equity and liabilities | 10/49 | €170,850 | €115,037 | -€55,814 | -32.7% |
| Equity | 10/15 | €100,668 | €84,099 | -€16,569 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,068 | €65,499 | -€16,569 | -20.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,208 | €63,639 | -€16,569 | -20.7% |
| Amounts payable | 17/49 | €70,182 | €30,938 | -€39,244 | -55.9% |
| Amounts payable after more than one year | 17 | €9,922 | €3,606 | -€6,316 | -63.7% |
| Financial debts | 170/4 | €9,922 | €3,606 | -€6,316 | -63.7% |
| Amounts payable within one year | 42/48 | €60,260 | €27,332 | -€32,928 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €11,061 | €6,316 | -€4,745 | -42.9% |
| Trade debts | 44 | €16,552 | €11,111 | -€5,441 | -32.9% |
| Suppliers | 440/4 | €16,552 | €11,111 | -€5,441 | -32.9% |
| Taxes, remuneration and social security | 45 | €25,648 | €2,905 | -€22,742 | -88.7% |
| Taxes | 450/3 | €10,111 | €2,905 | -€7,206 | -71.3% |
| Remuneration and social security | 454/9 | €15,537 | - | -€15,537 | |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,963 | +€4,963 | |
| Remuneration, social security and pensions | 62 | €141,834 | €84,324 | -€57,510 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,203 | €4,676 | -€14,527 | -75.6% |
| Other operating charges | 640/8 | €2,249 | €2,927 | +€678 | +30.1% |
| Gross operating margin | 9900 | €173,321 | €80,828 | -€92,493 | -53.4% |
| Operating profit (loss) | 9901 | €10,035 | -€11,099 | -€21,134 | |
| Financial income | 75/76B | €1,821 | €2,691 | +€871 | +47.8% |
| Recurring financial income | 75 | €1,821 | €2,691 | +€871 | +47.8% |
| Financial charges | 65/66B | €4,490 | €8,185 | +€3,695 | +82.3% |
| Recurring financial charges | 65 | €4,490 | €8,185 | +€3,695 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €7,366 | -€16,593 | -€23,959 | |
| Income taxes | 67/77 | €3,543 | -€24 | -€3,566 | |
| Profit (loss) for the period | 9904 | €3,823 | -€16,569 | -€20,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,823 | -€16,569 | -€20,393 |
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 7 October 2026 via checked.be.