PICTOGRAM: 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.
PICTOGRAM
Largest movements
- Cash -€219,429
down €219,429 (-92.3%), from €237,703 to €18,274
mainly Other debts (-€165,590) and Trade debts (-€124,062)
- Receivables within one year -€96,112
down €96,112 (-20.6%), from €467,138 to €371,027
of which Other amounts receivable: -€185,661
- Tangible fixed assets -€17,969
down €17,969 (-41.8%), from €42,950 to €24,982
of which Furniture and vehicles: -€11,981
- Deferred charges and accrued income -€10,590
down €10,590 (-55.1%), from €19,216 to €8,626
- Other debts -€165,590
down €165,590 (-73.2%), from €226,251 to €60,661
- Trade debts -€124,062
down €124,062 (-47.4%), from €261,517 to €137,455
- Accrued charges and deferred income -€24,940
down €24,940 (-83.3%), from €29,929 to €4,989
- Tax, wage and social debts -€20,988
down €20,988 (-26.5%), from €79,285 to €58,297
of which Taxes: -€18,193
- Gross operating margin -€29,608
down €29,608 (-7.7%), from €385,343 to €355,735
- Depreciation -€19,503
down €19,503 (-45.1%), from €43,247 to €23,744
- Staff costs -€13,544
down €13,544 (-4.1%), from €334,313 to €320,768
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 | €767,007 | €422,908 | -€344,099 | -44.9% |
| Fixed assets | 21/28 | €42,950 | €24,982 | -€17,969 | -41.8% |
| Tangible fixed assets | 22/27 | €42,950 | €24,982 | -€17,969 | -41.8% |
| Plant, machinery and equipment | 23 | €11,184 | €5,749 | -€5,435 | -48.6% |
| Furniture and vehicles | 24 | €27,282 | €15,301 | -€11,981 | -43.9% |
| Other tangible fixed assets | 26 | €4,485 | €3,931 | -€553 | -12.3% |
| Current assets | 29/58 | €724,057 | €397,927 | -€326,130 | -45.0% |
| Amounts receivable within one year | 40/41 | €467,138 | €371,027 | -€96,112 | -20.6% |
| Trade receivables | 40 | €254,847 | €344,397 | +€89,550 | +35.1% |
| Other amounts receivable | 41 | €212,291 | €26,630 | -€185,661 | -87.5% |
| Cash at bank and in hand | 54/58 | €237,703 | €18,274 | -€219,429 | -92.3% |
| Deferred charges and accrued income | 490/1 | €19,216 | €8,626 | -€10,590 | -55.1% |
| Total equity and liabilities | 10/49 | €767,007 | €422,908 | -€344,099 | -44.9% |
| Equity | 10/15 | €167,715 | €161,507 | -€6,208 | -3.7% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €26,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Legal reserve | 130 | €26,200 | €26,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,485 | -€13,693 | -€6,208 | -82.9% |
| Amounts payable | 17/49 | €599,292 | €261,401 | -€337,891 | -56.4% |
| Amounts payable within one year | 42/48 | €569,363 | €256,412 | -€312,950 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €2,310 | - | -€2,310 | |
| Trade debts | 44 | €261,517 | €137,455 | -€124,062 | -47.4% |
| Suppliers | 440/4 | €261,517 | €137,455 | -€124,062 | -47.4% |
| Taxes, remuneration and social security | 45 | €79,285 | €58,297 | -€20,988 | -26.5% |
| Taxes | 450/3 | €21,086 | €2,894 | -€18,193 | -86.3% |
| Remuneration and social security | 454/9 | €58,198 | €55,403 | -€2,795 | -4.8% |
| Other amounts payable | 47/48 | €226,251 | €60,661 | -€165,590 | -73.2% |
| Accrued charges and deferred income | 492/3 | €29,929 | €4,989 | -€24,940 | -83.3% |
| Non-recurring operating income | 76A | €6,908 | - | -€6,908 | |
| Remuneration, social security and pensions | 62 | €334,313 | €320,768 | -€13,544 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,247 | €23,744 | -€19,503 | -45.1% |
| Other operating charges | 640/8 | €6,113 | €8,021 | +€1,907 | +31.2% |
| Non-recurring operating charges | 66A | €2,757 | - | -€2,757 | |
| Gross operating margin | 9900 | €385,343 | €355,735 | -€29,608 | -7.7% |
| Operating profit (loss) | 9901 | -€1,087 | €3,202 | +€4,289 | |
| Financial income | 75/76B | €1,418 | - | -€1,418 | |
| Recurring financial income | 75 | €1,418 | - | -€1,418 | |
| Financial charges | 65/66B | €5,116 | €5,808 | +€692 | +13.5% |
| Recurring financial charges | 65 | €5,116 | €5,808 | +€692 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,785 | -€2,606 | +€2,179 | +45.5% |
| Income taxes | 67/77 | €2,700 | €3,602 | +€902 | +33.4% |
| Profit (loss) for the period | 9904 | -€7,485 | -€6,208 | +€1,276 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,485 | -€6,208 | +€1,276 | +17.1% |
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.