PRODUCTION RECTOVERSO: 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.
PRODUCTION RECTOVERSO
Largest movements
- Receivables within one year -€24,853
down €24,853 (-82.4%), from €30,166 to €5,313
of which Trade receivables: -€25,900
- Tangible fixed assets -€1,349
down €1,349 (-28.3%), from €4,773 to €3,424
of which Furniture and vehicles: -€1,111
- Deferred charges and accrued income +€996
new in 2025: €996
- Cash +€630
up €630 (+161.6%), from €390 to €1,020
mainly Receivables within one year (+€24,853) and Depreciation (+€1,349)
- Profit (loss) carried forward -€13,457
down €13,457 (-15.0%), from -€89,496 to -€102,953
- Other debts -€9,558
down €9,558 (-83.9%), from €11,389 to €1,831
- Tax, wage and social debts -€1,274
no longer reported in 2025 (was €1,274)
- Gross operating margin -€17,741
down €17,741, from €6,995 to -€10,746
- Other operating charges -€2,493
down €2,493 (-68.1%), from €3,661 to €1,168
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 | €35,329 | €10,753 | -€24,576 | -69.6% |
| Fixed assets | 21/28 | €4,773 | €3,424 | -€1,349 | -28.3% |
| Tangible fixed assets | 22/27 | €4,773 | €3,424 | -€1,349 | -28.3% |
| Plant, machinery and equipment | 23 | €714 | €476 | -€238 | -33.3% |
| Furniture and vehicles | 24 | €4,059 | €2,948 | -€1,111 | -27.4% |
| Current assets | 29/58 | €30,556 | €7,329 | -€23,227 | -76.0% |
| Amounts receivable within one year | 40/41 | €30,166 | €5,313 | -€24,853 | -82.4% |
| Trade receivables | 40 | €30,166 | €4,266 | -€25,900 | -85.9% |
| Other amounts receivable | 41 | - | €1,046 | +€1,046 | |
| Cash at bank and in hand | 54/58 | €390 | €1,020 | +€630 | +161.6% |
| Deferred charges and accrued income | 490/1 | - | €996 | +€996 | |
| Total equity and liabilities | 10/49 | €35,329 | €10,753 | -€24,576 | -69.6% |
| Equity | 10/15 | €21,459 | €8,003 | -€13,457 | -62.7% |
| Contributions | 10/11 | €100,500 | €100,500 | = | 0.0% |
| Reserves | 13 | €10,455 | €10,455 | = | 0.0% |
| Distributable reserves | 133 | €10,455 | €10,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,496 | -€102,953 | -€13,457 | -15.0% |
| Amounts payable | 17/49 | €13,869 | €2,750 | -€11,119 | -80.2% |
| Amounts payable within one year | 42/48 | €13,869 | €2,750 | -€11,119 | -80.2% |
| Trade debts | 44 | €1,206 | €919 | -€287 | -23.8% |
| Suppliers | 440/4 | €1,206 | €919 | -€287 | -23.8% |
| Taxes, remuneration and social security | 45 | €1,274 | - | -€1,274 | |
| Taxes | 450/3 | €1,274 | - | -€1,274 | |
| Other amounts payable | 47/48 | €11,389 | €1,831 | -€9,558 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349 | €1,349 | = | 0.0% |
| Other operating charges | 640/8 | €3,661 | €1,168 | -€2,493 | -68.1% |
| Gross operating margin | 9900 | €6,995 | -€10,746 | -€17,741 | |
| Operating profit (loss) | 9901 | €1,985 | -€13,263 | -€15,248 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €156 | €194 | +€38 | +24.2% |
| Recurring financial charges | 65 | €156 | €194 | +€38 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €1,829 | -€13,457 | -€15,286 | |
| Profit (loss) for the period | 9904 | €1,829 | -€13,457 | -€15,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,829 | -€13,457 | -€15,286 |
Source: filed annual accounts (NBB), fiscal years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.