PHOTO GRAPHISME: 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.
PHOTO GRAPHISME
Largest movements
- Cash -€2,860
down €2,860 (-6.1%), from €46,659 to €43,799
mainly Net result for the year (-€5,513) and Tax, wage and social debts (-€4,125)
- Tangible fixed assets +€1,843
up €1,843 (+56.0%), from €3,289 to €5,132
of which Furniture and vehicles: +€1,729
- Deferred charges and accrued income +€1,012
up €1,012 (+893%), from €113 to €1,125
- Stocks and contracts -€623
down €623 (-6.7%), from €9,356 to €8,733
- Reserves -€10,089
down €10,089 (-34.6%), from €29,127 to €19,038
of which Distributable reserves: -€10,089
- Other debts +€6,776
up €6,776 (+61.2%), from €11,079 to €17,855
- Profit (loss) carried forward +€4,576
no longer reported in 2025 (was -€4,576)
- Tax, wage and social debts -€4,125
down €4,125 (-77.3%), from €5,334 to €1,209
of which Remuneration and social security: -€4,719
- Trade debts +€2,675
up €2,675 (+2,123%), from €126 to €2,801
- Other operating charges +€3,740
up €3,740 (+116%), from €3,213 to €6,953
- Financial income +€966
up €966 (+6,404%), from €15 to €981
- Gross operating margin +€142
up €142 (+6.4%), from €2,232 to €2,374
- Financial charges +€108
up €108 (+144%), from €75 to €183
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.
Derived cash bridge
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 | €59,622 | €59,463 | -€159 | -0.3% |
| Fixed assets | 21/28 | €3,289 | €5,132 | +€1,843 | +56.0% |
| Tangible fixed assets | 22/27 | €3,289 | €5,132 | +€1,843 | +56.0% |
| Land and buildings | 22 | €1,169 | €585 | -€585 | -50.0% |
| Plant, machinery and equipment | 23 | €1,918 | €2,616 | +€698 | +36.4% |
| Furniture and vehicles | 24 | €202 | €1,932 | +€1,729 | +854% |
| Current assets | 29/58 | €56,333 | €54,330 | -€2,002 | -3.6% |
| Stocks and contracts in progress | 3 | €9,356 | €8,733 | -€623 | -6.7% |
| Stocks | 30/36 | €9,356 | €8,733 | -€623 | -6.7% |
| Amounts receivable within one year | 40/41 | €205 | €673 | +€469 | +229% |
| Trade receivables | 40 | €205 | €535 | +€331 | +162% |
| Other amounts receivable | 41 | - | €138 | +€138 | |
| Cash at bank and in hand | 54/58 | €46,659 | €43,799 | -€2,860 | -6.1% |
| Deferred charges and accrued income | 490/1 | €113 | €1,125 | +€1,012 | +893% |
| Total equity and liabilities | 10/49 | €59,622 | €59,463 | -€159 | -0.3% |
| Equity | 10/15 | €43,083 | €37,570 | -€5,513 | -12.8% |
| Contributions | 10/11 | €18,532 | €18,532 | = | 0.0% |
| Capital | 10 | €18,532 | - | -€18,532 | |
| Issued capital | 100 | €18,532 | - | -€18,532 | |
| Reserves | 13 | €29,127 | €19,038 | -€10,089 | -34.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €27,268 | €17,179 | -€10,089 | -37.0% |
| Profit (loss) carried forward | 14 | -€4,576 | - | +€4,576 | |
| Amounts payable | 17/49 | €16,539 | €21,893 | +€5,354 | +32.4% |
| Amounts payable within one year | 42/48 | €16,539 | €21,865 | +€5,326 | +32.2% |
| Trade debts | 44 | €126 | €2,801 | +€2,675 | +2,123% |
| Suppliers | 440/4 | €126 | €2,801 | +€2,675 | +2,123% |
| Taxes, remuneration and social security | 45 | €5,334 | €1,209 | -€4,125 | -77.3% |
| Taxes | 450/3 | €615 | €1,209 | +€594 | +96.6% |
| Remuneration and social security | 454/9 | €4,719 | - | -€4,719 | |
| Other amounts payable | 47/48 | €11,079 | €17,855 | +€6,776 | +61.2% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €1,732 | +€13 | +0.7% |
| Other operating charges | 640/8 | €3,213 | €6,953 | +€3,740 | +116% |
| Gross operating margin | 9900 | €2,232 | €2,374 | +€142 | +6.4% |
| Operating profit (loss) | 9901 | -€2,701 | -€6,311 | -€3,610 | -134% |
| Financial income | 75/76B | €15 | €981 | +€966 | +6,404% |
| Recurring financial income | 75 | €15 | €981 | +€966 | +6,404% |
| Financial charges | 65/66B | €75 | €183 | +€108 | +144% |
| Recurring financial charges | 65 | €75 | €183 | +€108 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€2,761 | -€5,513 | -€2,752 | -99.7% |
| Profit (loss) for the period | 9904 | -€2,761 | -€5,513 | -€2,752 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,761 | -€5,513 | -€2,752 | -99.7% |
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 14 October 2026 via checked.be.