Q-A READAPTATION: 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.
Q-A READAPTATION
Largest movements
- Cash -€37,675
down €37,675 (-48.1%), from €78,327 to €40,652
mainly Contributions, distributions and other (-€75,000) and Investment in fixed assets (net) (-€25,893)
- Tangible fixed assets +€20,982
up €20,982 (+222.8%), from €9,416 to €30,399
of which Furniture and vehicles: +€23,189
- Receivables within one year -€10,036
down €10,036 (-29.9%), from €33,524 to €23,488
- Profit (loss) carried forward -€56,980
down €56,980 (-89.1%), from €63,962 to €6,981
- Other debts +€33,632
up €33,632 (+78.0%), from €43,106 to €76,738
- Tax, wage and social debts -€1,739
down €1,739 (-17.2%), from €10,084 to €8,345
of which Remuneration and social security: -€2,000
- Trade debts -€1,510
down €1,510 (-27.8%), from €5,426 to €3,915
- Purchases and services +€111,025
new in 2025: €111,025
- Gross operating margin +€7,720
up €7,720 (+35.0%), from €22,083 to €29,804
- Depreciation +€2,173
up €2,173 (+79.3%), from €2,738 to €4,911
- Other operating charges +€1,146
up €1,146 (+295.9%), from €387 to €1,534
- Taxes +€777
up €777 (+17.3%), from €4,484 to €5,261
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 | €125,077 | €98,480 | -€26,598 | -21.3% |
| Fixed assets | 21/28 | €11,066 | €32,049 | +€20,982 | +189.6% |
| Tangible fixed assets | 22/27 | €9,416 | €30,399 | +€20,982 | +222.8% |
| Plant, machinery and equipment | 23 | €8,874 | €6,667 | -€2,207 | -24.9% |
| Furniture and vehicles | 24 | €542 | €23,732 | +€23,189 | +4278.2% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €114,011 | €66,431 | -€47,580 | -41.7% |
| Amounts receivable within one year | 40/41 | €33,524 | €23,488 | -€10,036 | -29.9% |
| Trade receivables | 40 | €33,524 | €23,488 | -€10,036 | -29.9% |
| Cash at bank and in hand | 54/58 | €78,327 | €40,652 | -€37,675 | -48.1% |
| Deferred charges and accrued income | 490/1 | €2,160 | €2,292 | +€131 | +6.1% |
| Total equity and liabilities | 10/49 | €125,077 | €98,480 | -€26,598 | -21.3% |
| Equity | 10/15 | €66,462 | €9,481 | -€56,980 | -85.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,962 | €6,981 | -€56,980 | -89.1% |
| Amounts payable | 17/49 | €58,616 | €88,999 | +€30,383 | +51.8% |
| Amounts payable within one year | 42/48 | €58,616 | €88,999 | +€30,383 | +51.8% |
| Trade debts | 44 | €5,426 | €3,915 | -€1,510 | -27.8% |
| Suppliers | 440/4 | €5,426 | €3,915 | -€1,510 | -27.8% |
| Taxes, remuneration and social security | 45 | €10,084 | €8,345 | -€1,739 | -17.2% |
| Taxes | 450/3 | €8,084 | €8,345 | +€261 | +3.2% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €43,106 | €76,738 | +€33,632 | +78.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €111,025 | +€111,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | €4,911 | +€2,173 | +79.3% |
| Other operating charges | 640/8 | €387 | €1,534 | +€1,146 | +295.9% |
| Non-recurring operating charges | 66A | €159 | - | -€159 | |
| Gross operating margin | 9900 | €22,083 | €29,804 | +€7,720 | +35.0% |
| Operating profit (loss) | 9901 | €18,799 | €23,359 | +€4,561 | +24.3% |
| Financial charges | 65/66B | €70 | €78 | +€8 | +12.0% |
| Recurring financial charges | 65 | €70 | €78 | +€8 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €18,729 | €23,281 | +€4,552 | +24.3% |
| Income taxes | 67/77 | €4,484 | €5,261 | +€777 | +17.3% |
| Profit (loss) for the period | 9904 | €14,245 | €18,020 | +€3,775 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,245 | €18,020 | +€3,775 | +26.5% |
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 10 October 2026 via checked.be.