REPEAT: 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.
REPEAT
Largest movements
- Cash -€8,544
down €8,544 (-75.4%), from €11,332 to €2,788
mainly Receivables within one year (-€5,339) and Deferred charges and accrued income (-€2,323)
- Receivables within one year +€5,339
up €5,339 (+231.0%), from €2,311 to €7,651
of which Other amounts receivable: +€5,529
- Deferred charges and accrued income +€2,323
up €2,323 (+1428.5%), from €163 to €2,486
- Tangible fixed assets +€495
up €495 (+24.1%), from €2,055 to €2,550
- Reserves -€914
down €914 (-8.9%), from €10,326 to €9,412
- Tax, wage and social debts +€400
up €400 (+9.6%), from €4,180 to €4,580
- Accrued charges and deferred income +€230
up €230 (+116.4%), from €198 to €428
- Gross operating margin -€13,522
down €13,522 (-87.5%), from €15,459 to €1,937
- Taxes -€2,838
down €2,838 (-80.3%), from €3,532 to €694
- Depreciation +€349
up €349 (+64.6%), from €540 to €889
- Other operating charges +€156
up €156 (+36.1%), from €432 to €588
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 | €18,378 | €17,992 | -€386 | -2.1% |
| Fixed assets | 21/28 | €4,573 | €5,067 | +€495 | +10.8% |
| Tangible fixed assets | 22/27 | €2,055 | €2,550 | +€495 | +24.1% |
| Furniture and vehicles | 24 | €2,055 | €2,550 | +€495 | +24.1% |
| Financial fixed assets | 28 | €2,518 | €2,518 | = | 0.0% |
| Current assets | 29/58 | €13,806 | €12,925 | -€881 | -6.4% |
| Amounts receivable within one year | 40/41 | €2,311 | €7,651 | +€5,339 | +231.0% |
| Trade receivables | 40 | €730 | €540 | -€190 | -26.0% |
| Other amounts receivable | 41 | €1,581 | €7,111 | +€5,529 | +349.7% |
| Cash at bank and in hand | 54/58 | €11,332 | €2,788 | -€8,544 | -75.4% |
| Deferred charges and accrued income | 490/1 | €163 | €2,486 | +€2,323 | +1428.5% |
| Total equity and liabilities | 10/49 | €18,378 | €17,992 | -€386 | -2.1% |
| Equity | 10/15 | €12,826 | €11,912 | -€914 | -7.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,326 | €9,412 | -€914 | -8.9% |
| Distributable reserves | 133 | €10,326 | €9,412 | -€914 | -8.9% |
| Amounts payable | 17/49 | €5,552 | €6,080 | +€528 | +9.5% |
| Amounts payable within one year | 42/48 | €5,355 | €5,652 | +€297 | +5.6% |
| Trade debts | 44 | €1,175 | €1,073 | -€102 | -8.7% |
| Suppliers | 440/4 | €1,175 | €1,073 | -€102 | -8.7% |
| Taxes, remuneration and social security | 45 | €4,180 | €4,580 | +€400 | +9.6% |
| Taxes | 450/3 | €4,180 | €4,580 | +€400 | +9.6% |
| Accrued charges and deferred income | 492/3 | €198 | €428 | +€230 | +116.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €889 | +€349 | +64.6% |
| Other operating charges | 640/8 | €432 | €588 | +€156 | +36.1% |
| Gross operating margin | 9900 | €15,459 | €1,937 | -€13,522 | -87.5% |
| Operating profit (loss) | 9901 | €14,487 | €460 | -€14,027 | -96.8% |
| Financial charges | 65/66B | €629 | €679 | +€50 | +8.0% |
| Recurring financial charges | 65 | €629 | €679 | +€50 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €13,858 | -€220 | -€14,077 | |
| Income taxes | 67/77 | €3,532 | €694 | -€2,838 | -80.3% |
| Profit (loss) for the period | 9904 | €10,326 | -€914 | -€11,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,326 | -€914 | -€11,240 |
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 8 October 2026 via checked.be.