PILLARS: 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.
PILLARS
Largest movements
- Receivables within one year +€1,728
up €1,728 (+48.2%), from €3,587 to €5,315
of which Trade receivables: +€1,755
- Deferred charges and accrued income -€1,517
down €1,517 (-93.1%), from €1,630 to €113
- Profit (loss) carried forward -€9,624
down €9,624 (-90.0%), from -€10,695 to -€20,320
- Trade debts +€4,868
up €4,868 (+96.3%), from €5,055 to €9,923
- Other debts +€4,262
up €4,262 (+24.6%), from €17,332 to €21,594
- Gross operating margin -€5,632
down €5,632 (-330.0%), from -€1,707 to -€7,338
- Financial charges -€914
down €914 (-35.2%), from €2,596 to €1,683
- Taxes -€319
no longer reported in 2025 (was €319)
- Other operating charges -€256
down €256 (-44.4%), from €576 to €321
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 | €30,845 | €30,469 | -€376 | -1.2% |
| Fixed assets | 21/28 | €25,283 | €25,000 | -€283 | -1.1% |
| Tangible fixed assets | 22/27 | €283 | - | -€283 | |
| Furniture and vehicles | 24 | €283 | - | -€283 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €5,562 | €5,469 | -€93 | -1.7% |
| Amounts receivable within one year | 40/41 | €3,587 | €5,315 | +€1,728 | +48.2% |
| Trade receivables | 40 | €2,884 | €4,638 | +€1,755 | +60.8% |
| Other amounts receivable | 41 | €704 | €677 | -€27 | -3.8% |
| Cash at bank and in hand | 54/58 | €344 | €41 | -€304 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,630 | €113 | -€1,517 | -93.1% |
| Total equity and liabilities | 10/49 | €30,845 | €30,469 | -€376 | -1.2% |
| Equity | 10/15 | €7,905 | -€1,720 | -€9,624 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,695 | -€20,320 | -€9,624 | -90.0% |
| Amounts payable | 17/49 | €22,940 | €32,188 | +€9,248 | +40.3% |
| Amounts payable within one year | 42/48 | €22,940 | €32,188 | +€9,248 | +40.3% |
| Trade debts | 44 | €5,055 | €9,923 | +€4,868 | +96.3% |
| Suppliers | 440/4 | €5,055 | €9,923 | +€4,868 | +96.3% |
| Advances received on contracts in progress | 46 | €48 | €48 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €505 | €623 | +€118 | +23.5% |
| Taxes | 450/3 | €505 | €623 | +€118 | +23.5% |
| Other amounts payable | 47/48 | €17,332 | €21,594 | +€4,262 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €283 | -€29 | -9.3% |
| Other operating charges | 640/8 | €576 | €321 | -€256 | -44.4% |
| Gross operating margin | 9900 | -€1,707 | -€7,338 | -€5,632 | -330.0% |
| Operating profit (loss) | 9901 | -€2,595 | -€7,942 | -€5,347 | -206.0% |
| Financial income | 75/76B | €7 | €0 | -€7 | -94.5% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -94.5% |
| Financial charges | 65/66B | €2,596 | €1,683 | -€914 | -35.2% |
| Recurring financial charges | 65 | €2,596 | €1,683 | -€914 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,184 | -€9,624 | -€4,440 | -85.6% |
| Income taxes | 67/77 | €319 | - | -€319 | |
| Profit (loss) for the period | 9904 | -€5,504 | -€9,624 | -€4,120 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,504 | -€9,624 | -€4,120 | -74.9% |
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 6 October 2026 via checked.be.