RESET: 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.
RESET
Largest movements
- Receivables within one year -€47,528
down €47,528 (-49.0%), from €96,984 to €49,457
of which Trade receivables: -€45,062
- Cash +€26,176
up €26,176 (+151.4%), from €17,286 to €43,461
mainly Receivables within one year (+€47,528) and Trade debts (+€25,019)
- Tangible fixed assets +€1,845
up €1,845 (+13.3%), from €13,887 to €15,732
of which Furniture and vehicles: +€1,967
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts +€25,019
up €25,019 (+70.6%), from €35,457 to €60,476
of which Suppliers: +€24,326
- Other debts -€11,709
down €11,709 (-40.3%), from €29,063 to €17,354
- Accrued charges and deferred income +€9,830
up €9,830 (+535.7%), from €1,835 to €11,665
- Current portion of long-term debt -€6,316
no longer reported in 2025 (was €6,316)
- Gross operating margin -€59,452
down €59,452 (-26.4%), from €225,531 to €166,079
- Staff costs +€13,583
up €13,583 (+10.3%), from €131,854 to €145,438
- Taxes -€4,577
down €4,577 (-45.0%), from €10,164 to €5,587
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 | €131,351 | €110,459 | -€20,893 | -15.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,725 | €17,392 | +€667 | +4.0% |
| Intangible fixed assets | 21 | €2,621 | €1,443 | -€1,178 | -44.9% |
| Tangible fixed assets | 22/27 | €13,887 | €15,732 | +€1,845 | +13.3% |
| Plant, machinery and equipment | 23 | €3,568 | €4,652 | +€1,084 | +30.4% |
| Furniture and vehicles | 24 | €4,080 | €6,047 | +€1,967 | +48.2% |
| Other tangible fixed assets | 26 | €6,239 | €5,033 | -€1,206 | -19.3% |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €114,627 | €93,067 | -€21,560 | -18.8% |
| Amounts receivable after more than one year | 29 | - | €149 | +€149 | |
| Other amounts receivable | 291 | - | €149 | +€149 | |
| Amounts receivable within one year | 40/41 | €96,984 | €49,457 | -€47,528 | -49.0% |
| Trade receivables | 40 | €92,051 | €46,989 | -€45,062 | -49.0% |
| Other amounts receivable | 41 | €4,933 | €2,468 | -€2,466 | -50.0% |
| Cash at bank and in hand | 54/58 | €17,286 | €43,461 | +€26,176 | +151.4% |
| Deferred charges and accrued income | 490/1 | €357 | - | -€357 | |
| Total equity and liabilities | 10/49 | €131,351 | €110,459 | -€20,893 | -15.9% |
| Equity | 10/15 | -€42,484 | -€36,719 | +€5,766 | +13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €5,766 | +€5,766 | |
| Distributable reserves | 133 | - | €5,766 | +€5,766 | |
| Profit (loss) carried forward | 14 | -€48,684 | -€48,684 | = | 0.0% |
| Amounts payable | 17/49 | €173,836 | €147,177 | -€26,658 | -15.3% |
| Amounts payable after more than one year | 17 | €0 | €94 | +€94 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €94 | +€94 | |
| Amounts payable within one year | 42/48 | €172,001 | €135,419 | -€36,582 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €6,316 | - | -€6,316 | |
| Financial debts | 43 | €4,874 | €5,486 | +€612 | +12.6% |
| Credit institutions | 430/8 | €4,874 | €5,486 | +€612 | +12.6% |
| Trade debts | 44 | €35,457 | €60,476 | +€25,019 | +70.6% |
| Suppliers | 440/4 | €35,457 | €59,783 | +€24,326 | +68.6% |
| Bills of exchange payable | 441 | - | €693 | +€693 | |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €46,291 | €52,102 | +€5,811 | +12.6% |
| Taxes | 450/3 | €24,626 | €27,725 | +€3,099 | +12.6% |
| Remuneration and social security | 454/9 | €21,665 | €24,378 | +€2,713 | +12.5% |
| Other amounts payable | 47/48 | €29,063 | €17,354 | -€11,709 | -40.3% |
| Accrued charges and deferred income | 492/3 | €1,835 | €11,665 | +€9,830 | +535.7% |
| Remuneration, social security and pensions | 62 | €131,854 | €145,438 | +€13,583 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,413 | €4,677 | -€736 | -13.6% |
| Other operating charges | 640/8 | €3,783 | €3,655 | -€128 | -3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €225,531 | €166,079 | -€59,452 | -26.4% |
| Operating profit (loss) | 9901 | €84,481 | €12,309 | -€72,172 | -85.4% |
| Financial income | 75/76B | €366 | €518 | +€153 | +41.7% |
| Recurring financial income | 75 | €366 | €518 | +€153 | +41.7% |
| Financial charges | 65/66B | €2,501 | €1,475 | -€1,026 | -41.0% |
| Recurring financial charges | 65 | €2,501 | €1,475 | -€1,026 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €82,346 | €11,352 | -€70,994 | -86.2% |
| Income taxes | 67/77 | €10,164 | €5,587 | -€4,577 | -45.0% |
| Profit (loss) for the period | 9904 | €72,183 | €5,766 | -€66,417 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,183 | €5,766 | -€66,417 | -92.0% |
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.