Plunge: 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.
Plunge
Largest movements
- Current investments -€68,173
down €68,173 (-67.2%), from €101,410 to €33,237
- Receivables within one year -€19,503
down €19,503 (-51.6%), from €37,816 to €18,313
of which Trade receivables: -€17,851
- Cash +€15,102
up €15,102 (+68.0%), from €22,209 to €37,311
mainly Current investments (+€68,173) and Net result for the year (+€25,785)
- Tangible fixed assets +€13,835
up €13,835 (+1,622%), from €853 to €14,687
of which Other tangible fixed assets: +€10,101
- Deferred charges and accrued income -€3,650
down €3,650 (-29.4%), from €12,413 to €8,763
- Other debts -€79,044
down €79,044 (-96.8%), from €81,638 to €2,594
- Reserves +€25,785
up €25,785 (+44.2%), from €58,301 to €84,086
- Tax, wage and social debts -€10,068
down €10,068 (-72.0%), from €13,982 to €3,914
of which Taxes: -€10,068
- Trade debts +€1,852
up €1,852 (+153%), from €1,208 to €3,060
- Gross operating margin -€31,680
down €31,680 (-45.6%), from €69,536 to €37,856
- Taxes -€3,635
down €3,635 (-32.2%), from €11,302 to €7,667
- Financial charges -€1,774
down €1,774 (-40.9%), from €4,336 to €2,562
- Depreciation +€831
up €831 (+166%), from €500 to €1,330
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 | €174,701 | €112,310 | -€62,390 | -35.7% |
| Fixed assets | 21/28 | €853 | €14,687 | +€13,835 | +1,622% |
| Tangible fixed assets | 22/27 | €853 | €14,687 | +€13,835 | +1,622% |
| Plant, machinery and equipment | 23 | - | €2,733 | +€2,733 | |
| Furniture and vehicles | 24 | €853 | €1,854 | +€1,001 | +117% |
| Other tangible fixed assets | 26 | €0 | €10,101 | +€10,101 | |
| Current assets | 29/58 | €173,848 | €97,623 | -€76,225 | -43.8% |
| Amounts receivable within one year | 40/41 | €37,816 | €18,313 | -€19,503 | -51.6% |
| Trade receivables | 40 | €35,316 | €17,466 | -€17,851 | -50.5% |
| Other amounts receivable | 41 | €2,500 | €847 | -€1,653 | -66.1% |
| Current investments | 50/53 | €101,410 | €33,237 | -€68,173 | -67.2% |
| Cash at bank and in hand | 54/58 | €22,209 | €37,311 | +€15,102 | +68.0% |
| Deferred charges and accrued income | 490/1 | €12,413 | €8,763 | -€3,650 | -29.4% |
| Total equity and liabilities | 10/49 | €174,701 | €112,310 | -€62,390 | -35.7% |
| Equity | 10/15 | €76,901 | €102,686 | +€25,785 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,301 | €84,086 | +€25,785 | +44.2% |
| Distributable reserves | 133 | €58,301 | €84,086 | +€25,785 | +44.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,800 | €9,625 | -€88,175 | -90.2% |
| Amounts payable within one year | 42/48 | €97,800 | €9,625 | -€88,175 | -90.2% |
| Financial debts | 43 | €972 | €57 | -€915 | -94.1% |
| Credit institutions | 430/8 | €972 | €0 | -€972 | -100% |
| Other loans | 439 | - | €57 | +€57 | |
| Trade debts | 44 | €1,208 | €3,060 | +€1,852 | +153% |
| Suppliers | 440/4 | €1,208 | €3,060 | +€1,852 | +153% |
| Taxes, remuneration and social security | 45 | €13,982 | €3,914 | -€10,068 | -72.0% |
| Taxes | 450/3 | €13,982 | €3,914 | -€10,068 | -72.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €81,638 | €2,594 | -€79,044 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €1,330 | +€831 | +166% |
| Other operating charges | 640/8 | €873 | €902 | +€29 | +3.3% |
| Non-recurring operating charges | 66A | €18,904 | €0 | -€18,904 | -100% |
| Gross operating margin | 9900 | €69,536 | €37,856 | -€31,680 | -45.6% |
| Operating profit (loss) | 9901 | €49,258 | €35,623 | -€13,635 | -27.7% |
| Financial income | 75/76B | €1,022 | €391 | -€631 | -61.7% |
| Recurring financial income | 75 | €1,022 | €391 | -€631 | -61.7% |
| Financial charges | 65/66B | €4,336 | €2,562 | -€1,774 | -40.9% |
| Recurring financial charges | 65 | €4,336 | €2,562 | -€1,774 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €45,944 | €33,452 | -€12,492 | -27.2% |
| Income taxes | 67/77 | €11,302 | €7,667 | -€3,635 | -32.2% |
| Profit (loss) for the period | 9904 | €34,642 | €25,785 | -€8,857 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,642 | €25,785 | -€8,857 | -25.6% |
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 20 October 2026 via checked.be.