Positiv'eau: 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.
Positiv'eau
Largest movements
- Receivables within one year -€31,839
down €31,839 (-33.4%), from €95,410 to €63,571
of which Other amounts receivable: -€21,475
- Cash -€21,302
down €21,302 (-74.8%), from €28,483 to €7,181
mainly Net result for the year (-€58,957) and Tax, wage and social debts (-€6,648)
- Tangible fixed assets -€2,678
down €2,678 (-22.8%), from €11,737 to €9,059
of which Furniture and vehicles: -€1,894
- Reserves -€58,957
down €58,957 (-52.5%), from €112,244 to €53,286
of which Distributable reserves: -€58,957
- Tax, wage and social debts -€6,648
down €6,648 (-59.9%), from €11,095 to €4,446
- Trade debts +€5,527
up €5,527 (+235.3%), from €2,349 to €7,876
- Other debts +€4,462
new in 2025: €4,462
- Gross operating margin -€75,955
down €75,955, from €28,318 to -€47,637
- Write-downs +€6,000
new in 2025: €6,000
- Taxes -€2,639
down €2,639 (-95.2%), from €2,771 to €132
- Financial income -€2,129
no longer reported in 2025 (was €2,129)
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 | €138,087 | €82,471 | -€55,616 | -40.3% |
| Fixed assets | 21/28 | €11,737 | €9,059 | -€2,678 | -22.8% |
| Tangible fixed assets | 22/27 | €11,737 | €9,059 | -€2,678 | -22.8% |
| Furniture and vehicles | 24 | €4,029 | €2,135 | -€1,894 | -47.0% |
| Other tangible fixed assets | 26 | €7,708 | €6,924 | -€784 | -10.2% |
| Current assets | 29/58 | €126,350 | €73,412 | -€52,938 | -41.9% |
| Amounts receivable within one year | 40/41 | €95,410 | €63,571 | -€31,839 | -33.4% |
| Trade receivables | 40 | €19,570 | €9,206 | -€10,364 | -53.0% |
| Other amounts receivable | 41 | €75,840 | €54,365 | -€21,475 | -28.3% |
| Cash at bank and in hand | 54/58 | €28,483 | €7,181 | -€21,302 | -74.8% |
| Deferred charges and accrued income | 490/1 | €2,457 | €2,660 | +€203 | +8.2% |
| Total equity and liabilities | 10/49 | €138,087 | €82,471 | -€55,616 | -40.3% |
| Equity | 10/15 | €124,644 | €65,686 | -€58,957 | -47.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,244 | €53,286 | -€58,957 | -52.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €93,494 | €34,536 | -€58,957 | -63.1% |
| Amounts payable | 17/49 | €13,444 | €16,785 | +€3,341 | +24.9% |
| Amounts payable within one year | 42/48 | €13,444 | €16,785 | +€3,341 | +24.9% |
| Trade debts | 44 | €2,349 | €7,876 | +€5,527 | +235.3% |
| Suppliers | 440/4 | €2,349 | €7,876 | +€5,527 | +235.3% |
| Taxes, remuneration and social security | 45 | €11,095 | €4,446 | -€6,648 | -59.9% |
| Taxes | 450/3 | €11,095 | €4,446 | -€6,648 | -59.9% |
| Other amounts payable | 47/48 | - | €4,462 | +€4,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,126 | €4,283 | +€158 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €991 | €558 | -€433 | -43.7% |
| Gross operating margin | 9900 | €28,318 | -€47,637 | -€75,955 | |
| Operating profit (loss) | 9901 | €23,202 | -€58,478 | -€81,680 | |
| Financial income | 75/76B | €2,129 | - | -€2,129 | |
| Recurring financial income | 75 | €2,129 | - | -€2,129 | |
| Financial charges | 65/66B | €171 | €347 | +€176 | +103.0% |
| Recurring financial charges | 65 | €171 | €347 | +€176 | +103.0% |
| Profit (loss) for the period before taxes | 9903 | €25,160 | -€58,825 | -€83,985 | |
| Income taxes | 67/77 | €2,771 | €132 | -€2,639 | -95.2% |
| Profit (loss) for the period | 9904 | €22,389 | -€58,957 | -€81,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,389 | -€58,957 | -€81,346 |
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.