PRO CUT: 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.
PRO CUT
Largest movements
- Cash +€82,486
up €82,486 (+43008.6%), from €192 to €82,678
mainly Other debts (+€77,377) and Debts after one year (+€74,638)
- Stocks and contracts +€44,151
new in 2025: €44,151
- Tangible fixed assets +€41,545
up €41,545 (+207.4%), from €20,028 to €61,573
of which Plant, machinery and equipment: +€42,183
- Formation expenses +€13,849
new in 2025: €13,849
- Intangible fixed assets +€13,077
up €13,077, from €0 to €13,077
- Other debts +€77,377
up €77,377, from €0 to €77,377
- Debts after one year +€74,638
up €74,638 (+1178.5%), from €6,333 to €80,971
- Current portion of long-term debt +€11,547
up €11,547 (+164.8%), from €7,008 to €18,556
- Profit (loss) carried forward +€10,578
up €10,578 (+46.4%), from -€22,817 to -€12,238
- Trade debts +€9,442
up €9,442 (+58.3%), from €16,195 to €25,637
- Gross operating margin +€73,479
up €73,479, from -€10,665 to €62,815
- Staff costs +€33,304
up €33,304 (+8063.8%), from €413 to €33,717
- Depreciation +€14,503
up €14,503 (+716.1%), from €2,025 to €16,529
- Financial income +€7,675
up €7,675 (+767540.0%), from €1 to €7,676
- Financial charges +€2,951
up €2,951 (+102.3%), from €2,886 to €5,837
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 | €31,578 | €225,904 | +€194,326 | +615.4% |
| Formation expenses | 20 | - | €13,849 | +€13,849 | |
| Fixed assets | 21/28 | €20,028 | €74,650 | +€54,622 | +272.7% |
| Intangible fixed assets | 21 | €0 | €13,077 | +€13,077 | |
| Tangible fixed assets | 22/27 | €20,028 | €61,573 | +€41,545 | +207.4% |
| Plant, machinery and equipment | 23 | €19,048 | €61,230 | +€42,183 | +221.5% |
| Furniture and vehicles | 24 | €981 | €343 | -€638 | -65.0% |
| Current assets | 29/58 | €11,550 | €137,405 | +€125,854 | +1089.6% |
| Stocks and contracts in progress | 3 | - | €44,151 | +€44,151 | |
| Stocks | 30/36 | - | €44,151 | +€44,151 | |
| Amounts receivable within one year | 40/41 | €11,358 | €7,595 | -€3,763 | -33.1% |
| Trade receivables | 40 | €10,530 | €6,718 | -€3,813 | -36.2% |
| Other amounts receivable | 41 | €828 | €878 | +€49 | +6.0% |
| Cash at bank and in hand | 54/58 | €192 | €82,678 | +€82,486 | +43008.6% |
| Deferred charges and accrued income | 490/1 | €0 | €2,981 | +€2,981 | |
| Total equity and liabilities | 10/49 | €31,578 | €225,904 | +€194,326 | +615.4% |
| Equity | 10/15 | -€4,367 | €6,212 | +€10,578 | |
| Contributions | 10/11 | €18,450 | €18,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,817 | -€12,238 | +€10,578 | +46.4% |
| Amounts payable | 17/49 | €35,945 | €219,692 | +€183,747 | +511.2% |
| Amounts payable after more than one year | 17 | €6,333 | €80,971 | +€74,638 | +1178.5% |
| Financial debts | 170/4 | €6,333 | €80,971 | +€74,638 | +1178.5% |
| Amounts payable within one year | 42/48 | €29,612 | €138,703 | +€109,091 | +368.4% |
| Current portion of amounts payable after more than one year | 42 | €7,008 | €18,556 | +€11,547 | +164.8% |
| Financial debts | 43 | - | €8,029 | +€8,029 | |
| Credit institutions | 430/8 | - | €8,029 | +€8,029 | |
| Trade debts | 44 | €16,195 | €25,637 | +€9,442 | +58.3% |
| Suppliers | 440/4 | €16,195 | €25,637 | +€9,442 | +58.3% |
| Taxes, remuneration and social security | 45 | €6,409 | €9,105 | +€2,696 | +42.1% |
| Taxes | 450/3 | €3,847 | €5,556 | +€1,709 | +44.4% |
| Remuneration and social security | 454/9 | €2,562 | €3,549 | +€987 | +38.5% |
| Other amounts payable | 47/48 | €0 | €77,377 | +€77,377 | |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €413 | €33,717 | +€33,304 | +8063.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €16,529 | +€14,503 | +716.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€661 | -€661 | |
| Other operating charges | 640/8 | €2,372 | €4,478 | +€2,106 | +88.8% |
| Non-recurring operating charges | 66A | - | €421 | +€421 | |
| Gross operating margin | 9900 | -€10,665 | €62,815 | +€73,479 | |
| Operating profit (loss) | 9901 | -€15,475 | €8,331 | +€23,806 | |
| Financial income | 75/76B | €1 | €7,676 | +€7,675 | +767540.0% |
| Recurring financial income | 75 | €1 | €7,676 | +€7,675 | +767540.0% |
| Financial charges | 65/66B | €2,886 | €5,837 | +€2,951 | +102.3% |
| Recurring financial charges | 65 | €2,886 | €5,837 | +€2,951 | +102.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,360 | €10,171 | +€28,531 | |
| Income taxes | 67/77 | €920 | -€408 | -€1,327 | |
| Profit (loss) for the period | 9904 | -€19,280 | €10,578 | +€29,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,280 | €10,578 | +€29,858 |
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 12 October 2026 via checked.be.