POINT STRAIGHT: 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.
POINT STRAIGHT
Largest movements
- Receivables within one year -€45,541
down €45,541 (-51.9%), from €87,765 to €42,224
of which Trade receivables: -€39,397
- Tangible fixed assets -€15,225
down €15,225 (-26.5%), from €57,555 to €42,329
of which Leasing and similar rights: -€20,132
- Cash +€5,059
up €5,059 (+13.5%), from €37,586 to €42,645
mainly Receivables within one year (+€45,541) and Depreciation (+€25,469)
- Deferred charges and accrued income -€3,835
down €3,835 (-79.3%), from €4,834 to €999
- Reserves -€31,052
down €31,052 (-16.1%), from €193,394 to €162,342
of which Distributable reserves: -€31,052
- Other debts -€16,849
down €16,849 (-100.0%), from €16,849 to €0
- Debts after one year -€12,501
down €12,501 (-63.9%), from €19,577 to €7,076
- Gross operating margin -€7,097
down €7,097 (-14.9%), from €47,573 to €40,476
- Other operating charges -€2,155
down €2,155 (-46.5%), from €4,632 to €2,477
- Taxes -€2,032
down €2,032 (-34.8%), from €5,833 to €3,801
- Depreciation +€1,504
up €1,504 (+6.3%), from €23,965 to €25,469
- Financial charges -€748
down €748 (-21.5%), from €3,485 to €2,738
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 | €263,140 | €203,597 | -€59,543 | -22.6% |
| Fixed assets | 21/28 | €57,955 | €42,729 | -€15,225 | -26.3% |
| Tangible fixed assets | 22/27 | €57,555 | €42,329 | -€15,225 | -26.5% |
| Plant, machinery and equipment | 23 | €2,776 | €1,745 | -€1,031 | -37.1% |
| Furniture and vehicles | 24 | €5,138 | €11,076 | +€5,938 | +115.6% |
| Leasing and similar rights | 25 | €49,641 | €29,509 | -€20,132 | -40.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €205,185 | €160,868 | -€44,317 | -21.6% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,765 | €42,224 | -€45,541 | -51.9% |
| Trade receivables | 40 | €69,079 | €29,683 | -€39,397 | -57.0% |
| Other amounts receivable | 41 | €18,686 | €12,541 | -€6,144 | -32.9% |
| Cash at bank and in hand | 54/58 | €37,586 | €42,645 | +€5,059 | +13.5% |
| Deferred charges and accrued income | 490/1 | €4,834 | €999 | -€3,835 | -79.3% |
| Total equity and liabilities | 10/49 | €263,140 | €203,597 | -€59,543 | -22.6% |
| Equity | 10/15 | €204,352 | €173,300 | -€31,052 | -15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,394 | €162,342 | -€31,052 | -16.1% |
| 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 | €191,534 | €160,482 | -€31,052 | -16.2% |
| Profit (loss) carried forward | 14 | €4,758 | €4,758 | = | 0.0% |
| Amounts payable | 17/49 | €58,787 | €30,297 | -€28,490 | -48.5% |
| Amounts payable after more than one year | 17 | €19,577 | €7,076 | -€12,501 | -63.9% |
| Financial debts | 170/4 | €19,577 | €7,076 | -€12,501 | -63.9% |
| Amounts payable within one year | 42/48 | €39,210 | €23,221 | -€15,989 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €12,969 | €12,501 | -€468 | -3.6% |
| Trade debts | 44 | €307 | €955 | +€648 | +211.0% |
| Suppliers | 440/4 | €307 | €955 | +€648 | +211.0% |
| Taxes, remuneration and social security | 45 | €9,084 | €9,765 | +€680 | +7.5% |
| Taxes | 450/3 | €9,084 | €9,765 | +€680 | +7.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,849 | €0 | -€16,849 | -100.0% |
| Non-recurring operating income | 76A | €56 | €0 | -€56 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,965 | €25,469 | +€1,504 | +6.3% |
| Other operating charges | 640/8 | €4,632 | €2,477 | -€2,155 | -46.5% |
| Non-recurring operating charges | 66A | €339 | €0 | -€339 | -100.0% |
| Gross operating margin | 9900 | €47,573 | €40,476 | -€7,097 | -14.9% |
| Operating profit (loss) | 9901 | €18,636 | €12,530 | -€6,106 | -32.8% |
| Financial income | 75/76B | €2,210 | €1,928 | -€283 | -12.8% |
| Recurring financial income | 75 | €2,210 | €1,928 | -€283 | -12.8% |
| Financial charges | 65/66B | €3,485 | €2,738 | -€748 | -21.5% |
| Recurring financial charges | 65 | €3,485 | €2,738 | -€748 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €17,361 | €11,720 | -€5,641 | -32.5% |
| Income taxes | 67/77 | €5,833 | €3,801 | -€2,032 | -34.8% |
| Profit (loss) for the period | 9904 | €11,527 | €7,919 | -€3,609 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,527 | €7,919 | -€3,609 | -31.3% |
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.