PRODUCT LIFE: 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.
PRODUCT LIFE
Largest movements
- Cash -€349,745
down €349,745 (-92.9%), from €376,275 to €26,530
mainly Other debts (-€1.4m) and Tax, wage and social debts (-€20,975)
- Receivables within one year -€282,996
down €282,996 (-10.1%), from €2.8m to €2.5m
of which Trade receivables: -€1.0m
- Other debts -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Trade debts +€456,939
up €456,939 (+21.2%), from €2.2m to €2.6m
- Profit (loss) carried forward +€273,743
up €273,743 (+48.3%), from -€566,993 to -€293,249
- Gross operating margin +€258,163
up €258,163 (+40.4%), from €638,505 to €896,668
- Staff costs -€197,688
down €197,688 (-23.9%), from €826,008 to €628,321
- Financial charges -€98,114
down €98,114 (-89.0%), from €110,284 to €12,170
- Financial income +€30,764
up €30,764 (+1,075,664%), from €3 to €30,767
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 | €3,220,085 | €2,569,459 | -€650,626 | -20.2% |
| Fixed assets | 21/28 | €19,760 | €11,888 | -€7,873 | -39.8% |
| Tangible fixed assets | 22/27 | €11,129 | €3,256 | -€7,873 | -70.7% |
| Plant, machinery and equipment | 23 | €1,165 | €829 | -€336 | -28.8% |
| Furniture and vehicles | 24 | €4,790 | €2,427 | -€2,363 | -49.3% |
| Other tangible fixed assets | 26 | €5,174 | €0 | -€5,174 | -100% |
| Financial fixed assets | 28 | €8,631 | €8,631 | = | 0.0% |
| Current assets | 29/58 | €3,200,325 | €2,557,572 | -€642,753 | -20.1% |
| Stocks and contracts in progress | 3 | €19,343 | €9,445 | -€9,898 | -51.2% |
| Contracts in progress | 37 | €19,343 | €9,445 | -€9,898 | -51.2% |
| Amounts receivable within one year | 40/41 | €2,796,764 | €2,513,768 | -€282,996 | -10.1% |
| Trade receivables | 40 | €2,747,236 | €1,719,790 | -€1.0m | -37.4% |
| Other amounts receivable | 41 | €49,528 | €793,978 | +€744,450 | +1,503% |
| Cash at bank and in hand | 54/58 | €376,275 | €26,530 | -€349,745 | -92.9% |
| Deferred charges and accrued income | 490/1 | €7,942 | €7,828 | -€113 | -1.4% |
| Total equity and liabilities | 10/49 | €3,220,085 | €2,569,459 | -€650,626 | -20.2% |
| Equity | 10/15 | -€522,013 | -€248,269 | +€273,743 | +52.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €26,430 | €26,430 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,575 | €24,575 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€566,993 | -€293,249 | +€273,743 | +48.3% |
| Amounts payable | 17/49 | €3,742,098 | €2,817,729 | -€924,369 | -24.7% |
| Amounts payable within one year | 42/48 | €3,726,098 | €2,801,729 | -€924,369 | -24.8% |
| Trade debts | 44 | €2,155,533 | €2,612,471 | +€456,939 | +21.2% |
| Suppliers | 440/4 | €2,155,533 | €2,612,471 | +€456,939 | +21.2% |
| Taxes, remuneration and social security | 45 | €210,232 | €189,257 | -€20,975 | -10.0% |
| Taxes | 450/3 | €14,350 | €32,455 | +€18,104 | +126% |
| Remuneration and social security | 454/9 | €195,881 | €156,803 | -€39,079 | -20.0% |
| Other amounts payable | 47/48 | €1,360,333 | €0 | -€1.4m | -100% |
| Accrued charges and deferred income | 492/3 | €16,000 | €16,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €826,008 | €628,321 | -€197,688 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,967 | €2,699 | -€2,268 | -45.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,503 | €4,215 | +€2,712 | +180% |
| Non-recurring operating charges | 66A | - | €5,174 | +€5,174 | |
| Gross operating margin | 9900 | €638,505 | €896,668 | +€258,163 | +40.4% |
| Operating profit (loss) | 9901 | -€193,972 | €256,260 | +€450,232 | |
| Financial income | 75/76B | €3 | €30,767 | +€30,764 | +1,075,664% |
| Recurring financial income | 75 | €3 | €30,767 | +€30,764 | +1,075,664% |
| Financial charges | 65/66B | €110,284 | €12,170 | -€98,114 | -89.0% |
| Recurring financial charges | 65 | €110,284 | €12,170 | -€98,114 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | -€304,253 | €274,857 | +€579,110 | |
| Income taxes | 67/77 | €1,321 | €1,113 | -€208 | -15.7% |
| Profit (loss) for the period | 9904 | -€305,574 | €273,743 | +€579,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€305,574 | €273,743 | +€579,318 |
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 31 October 2026 via checked.be.