REALVISUALS: 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.
REALVISUALS
Largest movements
- Cash -€86,151
down €86,151 (-66.2%), from €130,073 to €43,921
mainly Trade debts (-€44,400) and Net result for the year (-€22,714)
- Tangible fixed assets -€27,671
down €27,671 (-26.1%), from €105,942 to €78,270
of which Plant, machinery and equipment: -€35,226
- Receivables within one year +€21,219
up €21,219 (+14.1%), from €150,366 to €171,586
of which Trade receivables: +€24,836
- Deferred charges and accrued income +€16,758
up €16,758 (+70.9%), from €23,625 to €40,383
- Trade debts -€44,400
down €44,400 (-66.9%), from €66,342 to €21,941
- Reserves -€22,714
down €22,714 (-8.8%), from €256,829 to €234,115
- Debts after one year -€17,276
down €17,276 (-32.3%), from €53,488 to €36,212
- Tax, wage and social debts +€4,553
up €4,553 (+94.1%), from €4,841 to €9,394
- Gross operating margin -€25,836
down €25,836 (-55.7%), from €46,411 to €20,575
- Depreciation -€15,444
down €15,444 (-28.1%), from €54,895 to €39,451
- Financial income -€13,678
down €13,678 (-100.0%), from €13,679 to €1
- Financial charges +€1,659
up €1,659 (+76.1%), from €2,180 to €3,839
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 | €412,254 | €335,205 | -€77,049 | -18.7% |
| Fixed assets | 21/28 | €108,190 | €79,315 | -€28,875 | -26.7% |
| Intangible fixed assets | 21 | €2,248 | €1,045 | -€1,203 | -53.5% |
| Tangible fixed assets | 22/27 | €105,942 | €78,270 | -€27,671 | -26.1% |
| Plant, machinery and equipment | 23 | €105,942 | €70,716 | -€35,226 | -33.2% |
| Furniture and vehicles | 24 | - | €7,554 | +€7,554 | |
| Current assets | 29/58 | €304,064 | €255,890 | -€48,175 | -15.8% |
| Amounts receivable within one year | 40/41 | €150,366 | €171,586 | +€21,219 | +14.1% |
| Trade receivables | 40 | €140,366 | €165,202 | +€24,836 | +17.7% |
| Other amounts receivable | 41 | €10,000 | €6,384 | -€3,616 | -36.2% |
| Cash at bank and in hand | 54/58 | €130,073 | €43,921 | -€86,151 | -66.2% |
| Deferred charges and accrued income | 490/1 | €23,625 | €40,383 | +€16,758 | +70.9% |
| Total equity and liabilities | 10/49 | €412,254 | €335,205 | -€77,049 | -18.7% |
| Equity | 10/15 | €267,829 | €245,115 | -€22,714 | -8.5% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €256,829 | €234,115 | -€22,714 | -8.8% |
| Distributable reserves | 133 | €256,829 | €234,115 | -€22,714 | -8.8% |
| Amounts payable | 17/49 | €144,425 | €90,090 | -€54,335 | -37.6% |
| Amounts payable after more than one year | 17 | €53,488 | €36,212 | -€17,276 | -32.3% |
| Financial debts | 170/4 | €53,488 | €36,212 | -€17,276 | -32.3% |
| Amounts payable within one year | 42/48 | €90,937 | €53,878 | -€37,059 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €19,754 | €22,543 | +€2,788 | +14.1% |
| Trade debts | 44 | €66,342 | €21,941 | -€44,400 | -66.9% |
| Suppliers | 440/4 | €66,342 | €21,941 | -€44,400 | -66.9% |
| Taxes, remuneration and social security | 45 | €4,841 | €9,394 | +€4,553 | +94.1% |
| Taxes | 450/3 | €4,841 | €9,394 | +€4,553 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,895 | €39,451 | -€15,444 | -28.1% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €46,411 | €20,575 | -€25,836 | -55.7% |
| Operating profit (loss) | 9901 | -€8,484 | -€18,876 | -€10,392 | -122.5% |
| Financial income | 75/76B | €13,679 | €1 | -€13,678 | -100.0% |
| Recurring financial income | 75 | €13,679 | €1 | -€13,678 | -100.0% |
| Financial charges | 65/66B | €2,180 | €3,839 | +€1,659 | +76.1% |
| Recurring financial charges | 65 | €2,180 | €3,839 | +€1,659 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €3,015 | -€22,714 | -€25,729 | |
| Income taxes | 67/77 | -€188 | €0 | +€188 | |
| Profit (loss) for the period | 9904 | €3,203 | -€22,714 | -€25,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,203 | -€22,714 | -€25,917 |
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 5 October 2026 via checked.be.