PROSPECTIVES III: 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.
PROSPECTIVES III
Largest movements
- Cash +€5,455
up €5,455 (+16,467%), from €33 to €5,489
mainly Depreciation (+€14,241) and Other debts (+€6,511)
- Other debts +€6,511
up €6,511 (+10.2%), from €63,893 to €70,404
- Profit (loss) carried forward +€4,106
up €4,106 (+7.1%), from -€57,442 to -€53,336
- Tax, wage and social debts -€2,433
down €2,433 (-100%), from €2,433 to €0
- Turnover +€55,863
new in 2025: €55,863
- Purchases and services +€36,828
new in 2025: €36,828
- Gross operating margin -€1,896
down €1,896 (-9.1%), from €20,931 to €19,035
- Depreciation +€1,329
up €1,329 (+10.3%), from €12,912 to €14,241
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 | €159,598 | €167,513 | +€7,915 | +5.0% |
| Fixed assets | 21/28 | €157,224 | €158,553 | +€1,329 | +0.8% |
| Tangible fixed assets | 22/27 | €157,224 | €158,553 | +€1,329 | +0.8% |
| Land and buildings | 22 | €151,874 | €139,096 | -€12,777 | -8.4% |
| Plant, machinery and equipment | 23 | €5,350 | €16,557 | +€11,207 | +209% |
| Furniture and vehicles | 24 | - | €2,900 | +€2,900 | |
| Current assets | 29/58 | €2,375 | €8,960 | +€6,586 | +277% |
| Amounts receivable within one year | 40/41 | €1,721 | €2,722 | +€1,000 | +58.1% |
| Trade receivables | 40 | €233 | €395 | +€162 | +69.4% |
| Other amounts receivable | 41 | €1,488 | €2,327 | +€838 | +56.3% |
| Cash at bank and in hand | 54/58 | €33 | €5,489 | +€5,455 | +16,467% |
| Deferred charges and accrued income | 490/1 | €620 | €750 | +€130 | +21.0% |
| Total equity and liabilities | 10/49 | €159,598 | €167,513 | +€7,915 | +5.0% |
| Equity | 10/15 | -€38,603 | -€34,496 | +€4,106 | +10.6% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,442 | -€53,336 | +€4,106 | +7.1% |
| Amounts payable | 17/49 | €198,201 | €202,009 | +€3,809 | +1.9% |
| Amounts payable after more than one year | 17 | €131,584 | €131,584 | = | 0.0% |
| Other amounts payable | 178/9 | €131,584 | €131,584 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,617 | €70,425 | +€3,809 | +5.7% |
| Trade debts | 44 | €291 | €21 | -€270 | -92.7% |
| Suppliers | 440/4 | €291 | €21 | -€270 | -92.7% |
| Taxes, remuneration and social security | 45 | €2,433 | €0 | -€2,433 | -100% |
| Taxes | 450/3 | €2,433 | €0 | -€2,433 | -100% |
| Other amounts payable | 47/48 | €63,893 | €70,404 | +€6,511 | +10.2% |
| Turnover | 70 | - | €55,863 | +€55,863 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €36,828 | +€36,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,912 | €14,241 | +€1,329 | +10.3% |
| Other operating charges | 640/8 | €579 | €598 | +€19 | +3.2% |
| Gross operating margin | 9900 | €20,931 | €19,035 | -€1,896 | -9.1% |
| Operating profit (loss) | 9901 | €7,439 | €4,196 | -€3,243 | -43.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €60 | €90 | +€30 | +49.3% |
| Recurring financial charges | 65 | €60 | €90 | +€30 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €7,379 | €4,106 | -€3,273 | -44.4% |
| Profit (loss) for the period | 9904 | €7,379 | €4,106 | -€3,273 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,379 | €4,106 | -€3,273 | -44.4% |
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 19 October 2026 via checked.be.