R&C: 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.
R&C
Largest movements
- Receivables within one year -€20,216
down €20,216 (-96.8%), from €20,882 to €667
of which Trade receivables: -€18,578
- Cash +€11,266
up €11,266 (+197%), from €5,706 to €16,972
mainly Receivables within one year (+€20,216) and Stocks and contracts (+€5,000)
- Stocks and contracts -€5,000
down €5,000 (-14.3%), from €35,000 to €30,000
- Trade debts -€17,421
down €17,421 (-73.8%), from €23,592 to €6,171
- Tax, wage and social debts +€3,075
up €3,075 (+75.4%), from €4,077 to €7,153
of which Taxes: +€3,075
- Other debts -€2,400
down €2,400 (-18.4%), from €13,051 to €10,651
- Advances received +€1,750
new in 2025: €1,750
- Profit (loss) carried forward +€937
up €937 (+34.7%), from €2,703 to €3,641
- Gross operating margin -€1,423
down €1,423 (-15.4%), from €9,250 to €7,826
- Financial charges -€891
down €891 (-19.3%), from €4,605 to €3,715
- Taxes -€429
down €429 (-22.7%), from €1,894 to €1,465
- Other operating charges +€353
up €353 (+32.0%), from €1,100 to €1,453
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 | €62,090 | €48,283 | -€13,807 | -22.2% |
| Fixed assets | 21/28 | €257 | €0 | -€257 | -100% |
| Tangible fixed assets | 22/27 | €257 | €0 | -€257 | -100% |
| Plant, machinery and equipment | 23 | €257 | €0 | -€257 | -100% |
| Current assets | 29/58 | €61,833 | €48,283 | -€13,551 | -21.9% |
| Stocks and contracts in progress | 3 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Contracts in progress | 37 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €20,882 | €667 | -€20,216 | -96.8% |
| Trade receivables | 40 | €19,053 | €476 | -€18,578 | -97.5% |
| Other amounts receivable | 41 | €1,829 | €191 | -€1,638 | -89.6% |
| Cash at bank and in hand | 54/58 | €5,706 | €16,972 | +€11,266 | +197% |
| Deferred charges and accrued income | 490/1 | €245 | €644 | +€399 | +163% |
| Total equity and liabilities | 10/49 | €62,090 | €48,283 | -€13,807 | -22.2% |
| Equity | 10/15 | €21,303 | €22,241 | +€937 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,703 | €3,641 | +€937 | +34.7% |
| Amounts payable | 17/49 | €40,786 | €26,042 | -€14,745 | -36.2% |
| Amounts payable within one year | 42/48 | €40,721 | €25,725 | -€14,996 | -36.8% |
| Trade debts | 44 | €23,592 | €6,171 | -€17,421 | -73.8% |
| Suppliers | 440/4 | €23,592 | €6,171 | -€17,421 | -73.8% |
| Advances received on contracts in progress | 46 | - | €1,750 | +€1,750 | |
| Taxes, remuneration and social security | 45 | €4,077 | €7,153 | +€3,075 | +75.4% |
| Taxes | 450/3 | €2,077 | €5,153 | +€3,075 | +148% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,051 | €10,651 | -€2,400 | -18.4% |
| Accrued charges and deferred income | 492/3 | €66 | €317 | +€251 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €257 | -€38 | -12.8% |
| Other operating charges | 640/8 | €1,100 | €1,453 | +€353 | +32.0% |
| Gross operating margin | 9900 | €9,250 | €7,826 | -€1,423 | -15.4% |
| Operating profit (loss) | 9901 | €7,855 | €6,117 | -€1,738 | -22.1% |
| Financial charges | 65/66B | €4,605 | €3,715 | -€891 | -19.3% |
| Recurring financial charges | 65 | €4,605 | €3,715 | -€891 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €3,249 | €2,402 | -€848 | -26.1% |
| Income taxes | 67/77 | €1,894 | €1,465 | -€429 | -22.7% |
| Profit (loss) for the period | 9904 | €1,356 | €937 | -€419 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,356 | €937 | -€419 | -30.9% |
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 26 October 2026 via checked.be.