read my lips: 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 my lips
Largest movements
- Cash -€146,974
down €146,974 (-99.1%), from €148,359 to €1,385
mainly Net result for the year (-€215,272) and Trade debts (-€80,420)
- Receivables within one year -€50,251
down €50,251 (-28.1%), from €178,586 to €128,335
of which Trade receivables: -€32,266
- Tangible fixed assets +€48,956
new in 2025: €48,956
- Other debts +€152,250
new in 2025: €152,250
- Profit (loss) carried forward -€134,830
new in 2025: -€134,830
- Reserves -€80,442
down €80,442 (-100%), from €80,442 to €0
- Trade debts -€80,420
down €80,420 (-40.7%), from €197,784 to €117,364
- Tax, wage and social debts -€4,327
down €4,327 (-13.3%), from €32,574 to €28,248
of which Taxes: -€16,336
- Gross operating margin -€149,821
down €149,821, from €141,716 to -€8,105
- Staff costs +€57,794
up €57,794 (+42.3%), from €136,774 to €194,568
- Write-downs +€5,580
new in 2025: €5,580
- Depreciation +€2,569
new in 2025: €2,569
- Financial charges +€2,564
up €2,564 (+212%), from €1,210 to €3,773
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 | €330,800 | €183,031 | -€147,769 | -44.7% |
| Fixed assets | 21/28 | - | €48,956 | +€48,956 | |
| Tangible fixed assets | 22/27 | - | €48,956 | +€48,956 | |
| Furniture and vehicles | 24 | - | €48,956 | +€48,956 | |
| Current assets | 29/58 | €330,800 | €134,076 | -€196,724 | -59.5% |
| Amounts receivable within one year | 40/41 | €178,586 | €128,335 | -€50,251 | -28.1% |
| Trade receivables | 40 | €160,602 | €128,335 | -€32,266 | -20.1% |
| Other amounts receivable | 41 | €17,985 | €0 | -€17,985 | -100% |
| Cash at bank and in hand | 54/58 | €148,359 | €1,385 | -€146,974 | -99.1% |
| Deferred charges and accrued income | 490/1 | €3,855 | €4,355 | +€500 | +13.0% |
| Total equity and liabilities | 10/49 | €330,800 | €183,031 | -€147,769 | -44.7% |
| Equity | 10/15 | €100,442 | -€114,830 | -€215,272 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,442 | €0 | -€80,442 | -100% |
| Distributable reserves | 133 | €80,442 | €0 | -€80,442 | -100% |
| Profit (loss) carried forward | 14 | - | -€134,830 | -€134,830 | |
| Amounts payable | 17/49 | €230,358 | €297,861 | +€67,503 | +29.3% |
| Amounts payable within one year | 42/48 | €230,358 | €297,861 | +€67,503 | +29.3% |
| Trade debts | 44 | €197,784 | €117,364 | -€80,420 | -40.7% |
| Suppliers | 440/4 | €197,784 | €117,364 | -€80,420 | -40.7% |
| Taxes, remuneration and social security | 45 | €32,574 | €28,248 | -€4,327 | -13.3% |
| Taxes | 450/3 | €24,903 | €8,567 | -€16,336 | -65.6% |
| Remuneration and social security | 454/9 | €7,671 | €19,681 | +€12,010 | +157% |
| Other amounts payable | 47/48 | - | €152,250 | +€152,250 | |
| Non-recurring operating income | 76A | €26,986 | €0 | -€26,986 | -100% |
| Remuneration, social security and pensions | 62 | €136,774 | €194,568 | +€57,794 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,569 | +€2,569 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,580 | +€5,580 | |
| Other operating charges | 640/8 | €1,472 | €640 | -€832 | -56.5% |
| Gross operating margin | 9900 | €141,716 | -€8,105 | -€149,821 | |
| Operating profit (loss) | 9901 | €3,471 | -€211,461 | -€214,932 | |
| Financial income | 75/76B | €202 | €142 | -€60 | -29.5% |
| Recurring financial income | 75 | €202 | €142 | -€60 | -29.5% |
| Financial charges | 65/66B | €1,210 | €3,773 | +€2,564 | +212% |
| Recurring financial charges | 65 | €1,210 | €3,773 | +€2,564 | +212% |
| Profit (loss) for the period before taxes | 9903 | €2,463 | -€215,093 | -€217,556 | |
| Income taxes | 67/77 | €2,015 | €179 | -€1,836 | -91.1% |
| Profit (loss) for the period | 9904 | €448 | -€215,272 | -€215,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €448 | -€215,272 | -€215,719 |
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.