RE-SHAPE: what changed
Two fiscal 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.
RE-SHAPE
Largest movements
- Cash -€25,862
down €25,862 (-96.3%), from €26,843 to €981
mainly Stocks and contracts (-€16,438) and Tax, wage and social debts (-€5,462)
- Stocks and contracts +€16,438
up €16,438 (+19.3%), from €85,000 to €101,438
- Tax, wage and social debts -€5,462
down €5,462 (-98.3%), from €5,556 to €95
- Profit (loss) carried forward -€3,958
down €3,958 (-545.2%), from -€726 to -€4,684
- Gross operating margin -€2,730
down €2,730 (-54.4%), from €5,015 to €2,285
- Taxes +€689
up €689 (+101.9%), from €676 to €1,365
- Financial income +€96
new in 2025: €96
- Other operating charges -€63
down €63 (-6.4%), from €992 to €928
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 | €111,843 | €102,420 | -€9,423 | -8.4% |
| Current assets | 29/58 | €111,843 | €102,420 | -€9,423 | -8.4% |
| Stocks and contracts in progress | 3 | €85,000 | €101,438 | +€16,438 | +19.3% |
| Stocks | 30/36 | €85,000 | €101,438 | +€16,438 | +19.3% |
| Cash at bank and in hand | 54/58 | €26,843 | €981 | -€25,862 | -96.3% |
| Total equity and liabilities | 10/49 | €111,843 | €102,420 | -€9,423 | -8.4% |
| Equity | 10/15 | €5,274 | €1,316 | -€3,958 | -75.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€726 | -€4,684 | -€3,958 | -545.2% |
| Amounts payable | 17/49 | €106,569 | €101,104 | -€5,465 | -5.1% |
| Amounts payable within one year | 42/48 | €106,569 | €101,104 | -€5,465 | -5.1% |
| Trade debts | 44 | €132 | €128 | -€4 | -2.7% |
| Suppliers | 440/4 | €132 | €128 | -€4 | -2.7% |
| Taxes, remuneration and social security | 45 | €5,556 | €95 | -€5,462 | -98.3% |
| Taxes | 450/3 | €5,556 | €95 | -€5,462 | -98.3% |
| Other amounts payable | 47/48 | €100,881 | €100,881 | = | 0.0% |
| Other operating charges | 640/8 | €992 | €928 | -€63 | -6.4% |
| Gross operating margin | 9900 | €5,015 | €2,285 | -€2,730 | -54.4% |
| Operating profit (loss) | 9901 | €4,024 | €1,357 | -€2,667 | -66.3% |
| Financial income | 75/76B | - | €96 | +€96 | |
| Recurring financial income | 75 | - | €96 | +€96 | |
| Financial charges | 65/66B | €4,074 | €4,045 | -€29 | -0.7% |
| Recurring financial charges | 65 | €4,074 | €4,045 | -€29 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€50 | -€2,593 | -€2,543 | -5106.2% |
| Income taxes | 67/77 | €676 | €1,365 | +€689 | +101.9% |
| Profit (loss) for the period | 9904 | -€726 | -€3,958 | -€3,232 | -445.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€726 | -€3,958 | -€3,232 | -445.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.