R.G.: 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.G.
Largest movements
- Tangible fixed assets -€2,063
down €2,063 (-82.1%), from €2,513 to €451
of which Plant, machinery and equipment: -€1,725
- Receivables within one year -€1,143
down €1,143 (-40.3%), from €2,838 to €1,695
- Cash +€991
up €991 (+35.7%), from €2,778 to €3,769
mainly Net result for the year (+€8,934) and Trade debts (+€5,480)
- Deferred charges and accrued income -€906
down €906 (-15.9%), from €5,688 to €4,782
- Other debts -€14,840
down €14,840 (-19.7%), from €75,477 to €60,637
- Profit (loss) carried forward +€8,934
up €8,934 (+8.2%), from -€109,211 to -€100,277
- Trade debts +€5,480
up €5,480 (+18.4%), from €29,822 to €35,302
- Short-term financial debts -€3,133
down €3,133 (-74.9%), from €4,184 to €1,051
- Tax, wage and social debts +€438
new in 2025: €438
- Gross operating margin +€5,833
up €5,833 (+32.6%), from €17,879 to €23,712
- Depreciation -€1,075
down €1,075 (-34.3%), from €3,137 to €2,063
- Other operating charges +€251
up €251 (+2.3%), from €11,136 to €11,387
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 | €19,475 | €16,354 | -€3,121 | -16.0% |
| Fixed assets | 21/28 | €7,923 | €5,861 | -€2,063 | -26.0% |
| Tangible fixed assets | 22/27 | €2,513 | €451 | -€2,063 | -82.1% |
| Plant, machinery and equipment | 23 | €2,176 | €451 | -€1,725 | -79.3% |
| Furniture and vehicles | 24 | €338 | - | -€338 | |
| Financial fixed assets | 28 | €5,410 | €5,410 | = | 0.0% |
| Current assets | 29/58 | €11,551 | €10,493 | -€1,058 | -9.2% |
| Amounts receivable within one year | 40/41 | €2,838 | €1,695 | -€1,143 | -40.3% |
| Other amounts receivable | 41 | €2,838 | €1,695 | -€1,143 | -40.3% |
| Current investments | 50/53 | €248 | €248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,778 | €3,769 | +€991 | +35.7% |
| Deferred charges and accrued income | 490/1 | €5,688 | €4,782 | -€906 | -15.9% |
| Total equity and liabilities | 10/49 | €19,475 | €16,354 | -€3,121 | -16.0% |
| Equity | 10/15 | -€90,008 | -€81,074 | +€8,934 | +9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €610 | €610 | = | 0.0% |
| Distributable reserves | 133 | €610 | €610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,211 | -€100,277 | +€8,934 | +8.2% |
| Amounts payable | 17/49 | €109,483 | €97,428 | -€12,055 | -11.0% |
| Amounts payable within one year | 42/48 | €109,483 | €97,428 | -€12,055 | -11.0% |
| Financial debts | 43 | €4,184 | €1,051 | -€3,133 | -74.9% |
| Credit institutions | 430/8 | €4,184 | €1,051 | -€3,133 | -74.9% |
| Trade debts | 44 | €29,822 | €35,302 | +€5,480 | +18.4% |
| Suppliers | 440/4 | €29,822 | €35,302 | +€5,480 | +18.4% |
| Taxes, remuneration and social security | 45 | - | €438 | +€438 | |
| Taxes | 450/3 | - | €438 | +€438 | |
| Other amounts payable | 47/48 | €75,477 | €60,637 | -€14,840 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €2,063 | -€1,075 | -34.3% |
| Other operating charges | 640/8 | €11,136 | €11,387 | +€251 | +2.3% |
| Gross operating margin | 9900 | €17,879 | €23,712 | +€5,833 | +32.6% |
| Operating profit (loss) | 9901 | €3,605 | €10,262 | +€6,657 | +184.6% |
| Financial income | 75/76B | €42 | €8 | -€34 | -81.5% |
| Recurring financial income | 75 | €42 | €8 | -€34 | -81.5% |
| Financial charges | 65/66B | €1,499 | €1,336 | -€164 | -10.9% |
| Recurring financial charges | 65 | €1,499 | €1,336 | -€164 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €2,148 | €8,934 | +€6,786 | +315.9% |
| Profit (loss) for the period | 9904 | €2,148 | €8,934 | +€6,786 | +315.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,148 | €8,934 | +€6,786 | +315.9% |
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 10 October 2026 via checked.be.