POUR ETRE VU: 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.
POUR ETRE VU
Largest movements
- Tangible fixed assets -€17,976
down €17,976 (-8.0%), from €224,773 to €206,796
of which Land and buildings: -€9,600
- Cash +€5,884
up €5,884 (+517%), from €1,138 to €7,022
mainly Depreciation (+€17,976) and Tax, wage and social debts (+€5,789)
- Receivables within one year -€5,760
down €5,760 (-36.1%), from €15,943 to €10,183
of which Trade receivables: -€5,760
- Other debts -€7,918
down €7,918 (-39.1%), from €20,273 to €12,354
- Tax, wage and social debts +€5,789
up €5,789 (+68.7%), from €8,430 to €14,219
of which Remuneration and social security: +€3,259
- Profit (loss) carried forward -€5,749
down €5,749 (-60.6%), from -€9,490 to -€15,239
- Trade debts -€4,416
down €4,416 (-56.6%), from €7,809 to €3,393
- Debts after one year -€2,937
no longer reported in 2025 (was €2,937)
- Gross operating margin +€8,600
up €8,600 (+15.4%), from €55,741 to €64,341
- Depreciation -€3,850
down €3,850 (-17.6%), from €21,826 to €17,976
- Staff costs +€1,562
up €1,562 (+3.7%), from €42,434 to €43,996
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 | €248,073 | €230,614 | -€17,459 | -7.0% |
| Fixed assets | 21/28 | €224,773 | €206,796 | -€17,976 | -8.0% |
| Tangible fixed assets | 22/27 | €224,773 | €206,796 | -€17,976 | -8.0% |
| Land and buildings | 22 | €209,555 | €199,956 | -€9,600 | -4.6% |
| Plant, machinery and equipment | 23 | €3,945 | €1,937 | -€2,007 | -50.9% |
| Furniture and vehicles | 24 | €11,273 | €4,904 | -€6,369 | -56.5% |
| Current assets | 29/58 | €23,300 | €23,818 | +€518 | +2.2% |
| Stocks and contracts in progress | 3 | €4,735 | €6,349 | +€1,614 | +34.1% |
| Stocks | 30/36 | €4,735 | €6,349 | +€1,614 | +34.1% |
| Amounts receivable within one year | 40/41 | €15,943 | €10,183 | -€5,760 | -36.1% |
| Trade receivables | 40 | €15,661 | €9,901 | -€5,760 | -36.8% |
| Other amounts receivable | 41 | €281 | €281 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,138 | €7,022 | +€5,884 | +517% |
| Deferred charges and accrued income | 490/1 | €1,484 | €264 | -€1,221 | -82.2% |
| Total equity and liabilities | 10/49 | €248,073 | €230,614 | -€17,459 | -7.0% |
| Equity | 10/15 | €195,343 | €189,594 | -€5,749 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,233 | €186,233 | = | 0.0% |
| 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 | €184,373 | €184,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,490 | -€15,239 | -€5,749 | -60.6% |
| Amounts payable | 17/49 | €52,729 | €41,020 | -€11,710 | -22.2% |
| Amounts payable after more than one year | 17 | €2,937 | - | -€2,937 | |
| Financial debts | 170/4 | €2,937 | - | -€2,937 | |
| Amounts payable within one year | 42/48 | €49,793 | €41,020 | -€8,773 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €3,359 | €2,937 | -€423 | -12.6% |
| Financial debts | 43 | €9,922 | €8,117 | -€1,805 | -18.2% |
| Credit institutions | 430/8 | €9,922 | €8,117 | -€1,805 | -18.2% |
| Trade debts | 44 | €7,809 | €3,393 | -€4,416 | -56.6% |
| Suppliers | 440/4 | €7,809 | €3,393 | -€4,416 | -56.6% |
| Taxes, remuneration and social security | 45 | €8,430 | €14,219 | +€5,789 | +68.7% |
| Taxes | 450/3 | €1,610 | €4,140 | +€2,530 | +157% |
| Remuneration and social security | 454/9 | €6,820 | €10,079 | +€3,259 | +47.8% |
| Other amounts payable | 47/48 | €20,273 | €12,354 | -€7,918 | -39.1% |
| Remuneration, social security and pensions | 62 | €42,434 | €43,996 | +€1,562 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,826 | €17,976 | -€3,850 | -17.6% |
| Other operating charges | 640/8 | €3,791 | €3,207 | -€583 | -15.4% |
| Gross operating margin | 9900 | €55,741 | €64,341 | +€8,600 | +15.4% |
| Operating profit (loss) | 9901 | -€12,310 | -€839 | +€11,471 | +93.2% |
| Financial income | 75/76B | €577 | €3 | -€575 | -99.6% |
| Recurring financial income | 75 | €577 | €3 | -€575 | -99.6% |
| Financial charges | 65/66B | €4,253 | €4,598 | +€346 | +8.1% |
| Recurring financial charges | 65 | €4,253 | €4,598 | +€346 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,986 | -€5,435 | +€10,551 | +66.0% |
| Income taxes | 67/77 | €167 | €272 | +€106 | +63.3% |
| Profit (loss) for the period | 9904 | -€16,152 | -€5,707 | +€10,445 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,152 | -€5,707 | +€10,445 | +64.7% |
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 23 October 2026 via checked.be.