Q & L: 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 & L
Largest movements
- Receivables within one year +€7,524
up €7,524 (+67.4%), from €11,157 to €18,681
of which Other amounts receivable: +€8,099
- Tangible fixed assets -€6,179
down €6,179 (-30.1%), from €20,518 to €14,339
- Cash -€5,420
down €5,420 (-7.6%), from €71,591 to €66,172
mainly Contributions, distributions and other (-€55,858) and Trade debts (-€8,450)
- Other debts +€41,858
up €41,858 (+299%), from €14,000 to €55,858
- Profit (loss) carried forward -€26,832
down €26,832 (-100%), from €26,832 to €0
- Trade debts -€8,450
down €8,450 (-95.0%), from €8,897 to €447
- Tax, wage and social debts -€5,919
down €5,919 (-24.7%), from €23,967 to €18,048
of which Taxes: -€5,584
- Debts after one year -€5,660
down €5,660 (-40.9%), from €13,840 to €8,181
- Gross operating margin -€9,478
down €9,478 (-14.1%), from €67,200 to €57,722
- Depreciation +€1,363
up €1,363 (+14.9%), from €9,155 to €10,519
- Taxes -€915
down €915 (-6.2%), from €14,732 to €13,817
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 | €104,152 | €99,667 | -€4,484 | -4.3% |
| Fixed assets | 21/28 | €20,743 | €14,564 | -€6,179 | -29.8% |
| Intangible fixed assets | 21 | - | €225 | +€225 | |
| Tangible fixed assets | 22/27 | €20,518 | €14,339 | -€6,179 | -30.1% |
| Furniture and vehicles | 24 | €20,518 | €14,339 | -€6,179 | -30.1% |
| Financial fixed assets | 28 | €225 | - | -€225 | |
| Current assets | 29/58 | €83,408 | €85,103 | +€1,695 | +2.0% |
| Amounts receivable within one year | 40/41 | €11,157 | €18,681 | +€7,524 | +67.4% |
| Trade receivables | 40 | €11,157 | €10,581 | -€575 | -5.2% |
| Other amounts receivable | 41 | - | €8,099 | +€8,099 | |
| Cash at bank and in hand | 54/58 | €71,591 | €66,172 | -€5,420 | -7.6% |
| Deferred charges and accrued income | 490/1 | €660 | €251 | -€410 | -62.0% |
| Total equity and liabilities | 10/49 | €104,152 | €99,667 | -€4,484 | -4.3% |
| Equity | 10/15 | €38,155 | €11,323 | -€26,832 | -70.3% |
| Contributions | 10/11 | €10,800 | €10,800 | = | 0.0% |
| Reserves | 13 | €523 | €523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €523 | €0 | -€523 | -100% |
| Reserves not available under the articles | 1311 | €523 | €0 | -€523 | -100% |
| Distributable reserves | 133 | - | €523 | +€523 | |
| Profit (loss) carried forward | 14 | €26,832 | €0 | -€26,832 | -100% |
| Amounts payable | 17/49 | €65,996 | €88,344 | +€22,348 | +33.9% |
| Amounts payable after more than one year | 17 | €13,840 | €8,181 | -€5,660 | -40.9% |
| Financial debts | 170/4 | €13,840 | €8,181 | -€5,660 | -40.9% |
| Amounts payable within one year | 42/48 | €52,156 | €80,163 | +€28,007 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €5,293 | €5,810 | +€518 | +9.8% |
| Trade debts | 44 | €8,897 | €447 | -€8,450 | -95.0% |
| Suppliers | 440/4 | €8,897 | €447 | -€8,450 | -95.0% |
| Taxes, remuneration and social security | 45 | €23,967 | €18,048 | -€5,919 | -24.7% |
| Taxes | 450/3 | €23,632 | €18,048 | -€5,584 | -23.6% |
| Remuneration and social security | 454/9 | €335 | €0 | -€335 | -100% |
| Other amounts payable | 47/48 | €14,000 | €55,858 | +€41,858 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,155 | €10,519 | +€1,363 | +14.9% |
| Other operating charges | 640/8 | €2,573 | €2,765 | +€192 | +7.5% |
| Gross operating margin | 9900 | €67,200 | €57,722 | -€9,478 | -14.1% |
| Operating profit (loss) | 9901 | €55,472 | €44,438 | -€11,033 | -19.9% |
| Financial income | 75/76B | - | €275 | +€275 | |
| Recurring financial income | 75 | - | €275 | +€275 | |
| Financial charges | 65/66B | €1,272 | €1,870 | +€598 | +47.0% |
| Recurring financial charges | 65 | €1,272 | €1,870 | +€598 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €54,199 | €42,843 | -€11,356 | -21.0% |
| Income taxes | 67/77 | €14,732 | €13,817 | -€915 | -6.2% |
| Profit (loss) for the period | 9904 | €39,468 | €29,026 | -€10,442 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,468 | €29,026 | -€10,442 | -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 18 October 2026 via checked.be.