READ ME: 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.
READ ME
Largest movements
- Tangible fixed assets -€6,125
down €6,125 (-23.4%), from €26,135 to €20,010
of which Furniture and vehicles: -€7,512
- Cash -€5,677
down €5,677 (-80.4%), from €7,057 to €1,380
mainly Other debts (-€13,821) and Receivables within one year (-€1,903)
- Intangible fixed assets -€2,620
down €2,620 (-62.6%), from €4,185 to €1,565
- Receivables within one year +€1,903
up €1,903, from €0 to €1,903
of which Trade receivables: +€1,771
- Other debts -€13,821
down €13,821 (-18.5%), from €74,592 to €60,771
- Profit (loss) carried forward +€2,977
up €2,977 (+4.1%), from -€73,132 to -€70,156
- Tax, wage and social debts -€1,220
down €1,220 (-41.4%), from €2,947 to €1,727
- Gross operating margin +€21,452
up €21,452, from -€7,082 to €14,370
- Other operating charges -€568
down €568 (-43.6%), from €1,304 to €736
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 | €37,711 | €25,292 | -€12,419 | -32.9% |
| Fixed assets | 21/28 | €30,320 | €21,575 | -€8,745 | -28.8% |
| Intangible fixed assets | 21 | €4,185 | €1,565 | -€2,620 | -62.6% |
| Tangible fixed assets | 22/27 | €26,135 | €20,010 | -€6,125 | -23.4% |
| Plant, machinery and equipment | 23 | - | €1,387 | +€1,387 | |
| Furniture and vehicles | 24 | €26,135 | €18,623 | -€7,512 | -28.7% |
| Current assets | 29/58 | €7,390 | €3,717 | -€3,674 | -49.7% |
| Amounts receivable within one year | 40/41 | €0 | €1,903 | +€1,903 | |
| Trade receivables | 40 | €0 | €1,771 | +€1,771 | |
| Other amounts receivable | 41 | €0 | €132 | +€132 | |
| Cash at bank and in hand | 54/58 | €7,057 | €1,380 | -€5,677 | -80.4% |
| Deferred charges and accrued income | 490/1 | €333 | €434 | +€100 | +30.0% |
| Total equity and liabilities | 10/49 | €37,711 | €25,292 | -€12,419 | -32.9% |
| Equity | 10/15 | -€40,651 | -€37,675 | +€2,977 | +7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,481 | €12,481 | = | 0.0% |
| Distributable reserves | 133 | €12,481 | €12,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,132 | -€70,156 | +€2,977 | +4.1% |
| Amounts payable | 17/49 | €78,362 | €62,967 | -€15,396 | -19.6% |
| Amounts payable within one year | 42/48 | €78,362 | €62,967 | -€15,396 | -19.6% |
| Trade debts | 44 | €824 | €469 | -€355 | -43.0% |
| Suppliers | 440/4 | €824 | €469 | -€355 | -43.0% |
| Taxes, remuneration and social security | 45 | €2,947 | €1,727 | -€1,220 | -41.4% |
| Taxes | 450/3 | €2,947 | €1,727 | -€1,220 | -41.4% |
| Other amounts payable | 47/48 | €74,592 | €60,771 | -€13,821 | -18.5% |
| Non-recurring operating income | 76A | €289 | €1,240 | +€950 | +328.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,132 | €10,136 | +€4 | 0.0% |
| Other operating charges | 640/8 | €1,304 | €736 | -€568 | -43.6% |
| Gross operating margin | 9900 | -€7,082 | €14,370 | +€21,452 | |
| Operating profit (loss) | 9901 | -€18,519 | €3,497 | +€22,016 | |
| Financial income | 75/76B | €1 | €15 | +€14 | +2000.0% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +2000.0% |
| Financial charges | 65/66B | €76 | €78 | +€1 | +1.8% |
| Recurring financial charges | 65 | €76 | €78 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,595 | €3,435 | +€22,029 | |
| Income taxes | 67/77 | €524 | €458 | -€67 | -12.7% |
| Profit (loss) for the period | 9904 | -€19,119 | €2,977 | +€22,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,119 | €2,977 | +€22,096 |
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 9 October 2026 via checked.be.