RESOURCE FOR CREATORS: 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.
RESOURCE FOR CREATORS
Largest movements
- Tangible fixed assets -€11,647
down €11,647 (-30.2%), from €38,520 to €26,872
of which Furniture and vehicles: -€12,645
- Stocks and contracts -€3,968
down €3,968 (-19.2%), from €20,700 to €16,732
- Cash -€2,759
down €2,759 (-28.4%), from €9,700 to €6,941
mainly Debts after one year (-€58,203) and Tax, wage and social debts (-€13,118)
- Receivables within one year +€1,709
up €1,709 (+131.6%), from €1,298 to €3,007
of which Trade receivables: +€2,504
- Deferred charges and accrued income +€1,245
new in 2025: €1,245
- Debts after one year -€58,203
down €58,203 (-63.1%), from €92,235 to €34,032
- Profit (loss) carried forward +€36,000
up €36,000 (+84.3%), from -€42,717 to -€6,717
- Short-term financial debts +€13,745
up €13,745 (+2426.3%), from €567 to €14,312
of which Other loans: +€13,995
- Tax, wage and social debts -€13,118
down €13,118 (-78.8%), from €16,654 to €3,536
of which Taxes: -€9,424
- Current portion of long-term debt +€10,920
up €10,920 (+131.0%), from €8,333 to €19,253
- Gross operating margin +€47,615
up €47,615 (+240.0%), from €19,843 to €67,458
- Staff costs -€28,551
down €28,551 (-82.3%), from €34,689 to €6,138
- Depreciation -€15,301
down €15,301 (-71.0%), from €21,542 to €6,241
- Financial charges +€2,963
up €2,963 (+249.7%), from €1,187 to €4,150
- Other operating charges +€1,571
up €1,571 (+59.4%), from €2,644 to €4,215
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 | €99,488 | €85,327 | -€14,161 | -14.2% |
| Fixed assets | 21/28 | €67,790 | €57,402 | -€10,388 | -15.3% |
| Intangible fixed assets | 21 | €21,920 | €22,929 | +€1,009 | +4.6% |
| Tangible fixed assets | 22/27 | €38,520 | €26,872 | -€11,647 | -30.2% |
| Plant, machinery and equipment | 23 | €7,267 | €8,473 | +€1,207 | +16.6% |
| Furniture and vehicles | 24 | €23,267 | €10,622 | -€12,645 | -54.3% |
| Other tangible fixed assets | 26 | €7,986 | €7,777 | -€209 | -2.6% |
| Financial fixed assets | 28 | €7,350 | €7,600 | +€250 | +3.4% |
| Current assets | 29/58 | €31,698 | €27,926 | -€3,773 | -11.9% |
| Stocks and contracts in progress | 3 | €20,700 | €16,732 | -€3,968 | -19.2% |
| Stocks | 30/36 | €20,700 | €16,732 | -€3,968 | -19.2% |
| Amounts receivable within one year | 40/41 | €1,298 | €3,007 | +€1,709 | +131.6% |
| Trade receivables | 40 | €503 | €3,007 | +€2,504 | +497.8% |
| Other amounts receivable | 41 | €795 | €0 | -€795 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,700 | €6,941 | -€2,759 | -28.4% |
| Deferred charges and accrued income | 490/1 | - | €1,245 | +€1,245 | |
| Total equity and liabilities | 10/49 | €99,488 | €85,327 | -€14,161 | -14.2% |
| Equity | 10/15 | -€27,717 | €8,283 | +€36,000 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,717 | -€6,717 | +€36,000 | +84.3% |
| Amounts payable | 17/49 | €127,205 | €77,044 | -€50,161 | -39.4% |
| Amounts payable after more than one year | 17 | €92,235 | €34,032 | -€58,203 | -63.1% |
| Financial debts | 170/4 | €92,235 | €34,032 | -€58,203 | -63.1% |
| Amounts payable within one year | 42/48 | €34,970 | €43,012 | +€8,042 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €19,253 | +€10,920 | +131.0% |
| Financial debts | 43 | €567 | €14,312 | +€13,745 | +2426.3% |
| Credit institutions | 430/8 | €567 | €317 | -€249 | -44.0% |
| Other loans | 439 | - | €13,995 | +€13,995 | |
| Trade debts | 44 | €6,970 | €5,911 | -€1,059 | -15.2% |
| Suppliers | 440/4 | €6,970 | €5,911 | -€1,059 | -15.2% |
| Taxes, remuneration and social security | 45 | €16,654 | €3,536 | -€13,118 | -78.8% |
| Taxes | 450/3 | €12,652 | €3,228 | -€9,424 | -74.5% |
| Remuneration and social security | 454/9 | €4,002 | €308 | -€3,693 | -92.3% |
| Other amounts payable | 47/48 | €2,446 | €0 | -€2,446 | -100.0% |
| Non-recurring operating income | 76A | - | €16,655 | +€16,655 | |
| Remuneration, social security and pensions | 62 | €34,689 | €6,138 | -€28,551 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,542 | €6,241 | -€15,301 | -71.0% |
| Other operating charges | 640/8 | €2,644 | €4,215 | +€1,571 | +59.4% |
| Non-recurring operating charges | 66A | - | €10,852 | +€10,852 | |
| Gross operating margin | 9900 | €19,843 | €67,458 | +€47,615 | +240.0% |
| Operating profit (loss) | 9901 | -€39,031 | €40,012 | +€79,043 | |
| Financial income | 75/76B | €100 | €137 | +€37 | +37.1% |
| Recurring financial income | 75 | €100 | €137 | +€37 | +37.1% |
| Financial charges | 65/66B | €1,187 | €4,150 | +€2,963 | +249.7% |
| Recurring financial charges | 65 | €1,187 | €4,150 | +€2,963 | +249.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,117 | €36,000 | +€76,117 | |
| Profit (loss) for the period | 9904 | -€40,117 | €36,000 | +€76,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,117 | €36,000 | +€76,117 |
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 9 October 2026 via checked.be.