REAL-EVENT: 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.
REAL-EVENT
Largest movements
- Receivables within one year -€1,352
down €1,352 (-26.4%), from €5,120 to €3,767
of which Trade receivables: -€1,284
- Stocks and contracts -€993
down €993 (-18.1%), from €5,500 to €4,507
- Cash -€419
down €419 (-2.7%), from €15,536 to €15,117
mainly Tax, wage and social debts (-€3,428)
- Tax, wage and social debts -€3,428
down €3,428 (-98.0%), from €3,499 to €71
- Trade debts +€451
up €451 (+20.9%), from €2,161 to €2,612
- Gross operating margin -€5,277
down €5,277 (-85.9%), from €6,142 to €865
- Taxes -€1,335
down €1,335 (-95.0%), from €1,405 to €71
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 | €26,156 | €23,391 | -€2,765 | -10.6% |
| Current assets | 29/58 | €26,156 | €23,391 | -€2,765 | -10.6% |
| Stocks and contracts in progress | 3 | €5,500 | €4,507 | -€993 | -18.1% |
| Stocks | 30/36 | €5,500 | €4,507 | -€993 | -18.1% |
| Amounts receivable within one year | 40/41 | €5,120 | €3,767 | -€1,352 | -26.4% |
| Trade receivables | 40 | €5,006 | €3,722 | -€1,284 | -25.7% |
| Other amounts receivable | 41 | €113 | €45 | -€68 | -60.0% |
| Cash at bank and in hand | 54/58 | €15,536 | €15,117 | -€419 | -2.7% |
| Total equity and liabilities | 10/49 | €26,156 | €23,391 | -€2,765 | -10.6% |
| Equity | 10/15 | €20,496 | €20,708 | +€212 | +1.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,496 | €10,708 | +€212 | +2.0% |
| Amounts payable | 17/49 | €5,660 | €2,683 | -€2,977 | -52.6% |
| Amounts payable within one year | 42/48 | €5,660 | €2,683 | -€2,977 | -52.6% |
| Trade debts | 44 | €2,161 | €2,612 | +€451 | +20.9% |
| Suppliers | 440/4 | €2,161 | €2,612 | +€451 | +20.9% |
| Taxes, remuneration and social security | 45 | €3,499 | €71 | -€3,428 | -98.0% |
| Taxes | 450/3 | €3,499 | €71 | -€3,428 | -98.0% |
| Other operating charges | 640/8 | €451 | €478 | +€27 | +5.9% |
| Gross operating margin | 9900 | €6,142 | €865 | -€5,277 | -85.9% |
| Operating profit (loss) | 9901 | €5,691 | €387 | -€5,304 | -93.2% |
| Financial charges | 65/66B | €70 | €104 | +€35 | +50.0% |
| Recurring financial charges | 65 | €70 | €104 | +€35 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €5,621 | €283 | -€5,338 | -95.0% |
| Income taxes | 67/77 | €1,405 | €71 | -€1,335 | -95.0% |
| Profit (loss) for the period | 9904 | €4,216 | €212 | -€4,004 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,216 | €212 | -€4,004 | -95.0% |
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.