RESPECT-IT: what changed
Two financial 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.
RESPECT-IT
Largest movements
- Receivables within one year -€33,793
down €33,793 (-33.0%), from €102,512 to €68,719
of which Trade receivables: -€33,132
- Receivables after one year +€12,443
up €12,443 (+56.4%), from €22,050 to €34,493
- Cash -€11,256
down €11,256 (-6.5%), from €174,419 to €163,163
mainly Accrued charges and deferred income (-€34,873) and Contributions, distributions and other (-€19,000)
- Financial fixed assets -€5,970
no longer reported in 2025 (was €5,970)
- Accrued charges and deferred income -€34,873
down €34,873 (-54.0%), from €64,586 to €29,713
- Tax, wage and social debts -€8,851
down €8,851 (-50.9%), from €17,403 to €8,552
- Reserves +€4,600
up €4,600 (+6.3%), from €73,000 to €77,600
of which Distributable reserves: +€4,600
- Other debts +€4,000
up €4,000 (+26.7%), from €15,000 to €19,000
- Trade debts -€3,581
down €3,581 (-52.6%), from €6,807 to €3,226
- Gross operating margin -€36,525
down €36,525 (-53.4%), from €68,432 to €31,907
- Taxes -€8,913
down €8,913 (-49.9%), from €17,847 to €8,934
- Financial income +€910
up €910 (+31.2%), from €2,917 to €3,827
- Depreciation +€828
up €828 (+86.1%), from €962 to €1,790
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.
Derived cash bridge
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 | €310,208 | €271,595 | -€38,613 | -12.4% |
| Fixed assets | 21/28 | €7,592 | €3,803 | -€3,789 | -49.9% |
| Intangible fixed assets | 21 | €43 | - | -€43 | |
| Tangible fixed assets | 22/27 | €1,578 | €3,803 | +€2,225 | +141% |
| Furniture and vehicles | 24 | €1,578 | €3,803 | +€2,225 | +141% |
| Financial fixed assets | 28 | €5,970 | - | -€5,970 | |
| Current assets | 29/58 | €302,616 | €267,792 | -€34,824 | -11.5% |
| Amounts receivable after more than one year | 29 | €22,050 | €34,493 | +€12,443 | +56.4% |
| Other amounts receivable | 291 | €22,050 | €34,493 | +€12,443 | +56.4% |
| Amounts receivable within one year | 40/41 | €102,512 | €68,719 | -€33,793 | -33.0% |
| Trade receivables | 40 | €90,580 | €57,448 | -€33,132 | -36.6% |
| Other amounts receivable | 41 | €11,932 | €11,271 | -€661 | -5.5% |
| Cash at bank and in hand | 54/58 | €174,419 | €163,163 | -€11,256 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,635 | €1,417 | -€2,218 | -61.0% |
| Total equity and liabilities | 10/49 | €310,208 | €271,595 | -€38,613 | -12.4% |
| Equity | 10/15 | €206,411 | €211,104 | +€4,693 | +2.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €77,600 | +€4,600 | +6.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €67,600 | +€4,600 | +7.3% |
| Profit (loss) carried forward | 14 | €33,411 | €33,504 | +€93 | +0.3% |
| Amounts payable | 17/49 | €103,796 | €60,491 | -€43,306 | -41.7% |
| Amounts payable within one year | 42/48 | €39,210 | €30,777 | -€8,433 | -21.5% |
| Trade debts | 44 | €6,807 | €3,226 | -€3,581 | -52.6% |
| Suppliers | 440/4 | €6,807 | €3,226 | -€3,581 | -52.6% |
| Taxes, remuneration and social security | 45 | €17,403 | €8,552 | -€8,851 | -50.9% |
| Taxes | 450/3 | €17,403 | €8,552 | -€8,851 | -50.9% |
| Other amounts payable | 47/48 | €15,000 | €19,000 | +€4,000 | +26.7% |
| Accrued charges and deferred income | 492/3 | €64,586 | €29,713 | -€34,873 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €962 | €1,790 | +€828 | +86.1% |
| Other operating charges | 640/8 | €957 | €922 | -€35 | -3.6% |
| Gross operating margin | 9900 | €68,432 | €31,907 | -€36,525 | -53.4% |
| Operating profit (loss) | 9901 | €66,513 | €29,195 | -€37,318 | -56.1% |
| Financial income | 75/76B | €2,917 | €3,827 | +€910 | +31.2% |
| Recurring financial income | 75 | €2,917 | €3,827 | +€910 | +31.2% |
| Financial charges | 65/66B | €737 | €395 | -€342 | -46.4% |
| Recurring financial charges | 65 | €737 | €395 | -€342 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €68,694 | €32,627 | -€36,067 | -52.5% |
| Income taxes | 67/77 | €17,847 | €8,934 | -€8,913 | -49.9% |
| Profit (loss) for the period | 9904 | €50,847 | €23,693 | -€27,154 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,847 | €23,693 | -€27,154 | -53.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.