Respectfully Yours: 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.
Respectfully Yours
Largest movements
- Receivables within one year -€57,483
down €57,483 (-43.3%), from €132,716 to €75,233
of which Trade receivables: -€50,020
- Tangible fixed assets -€6,354
down €6,354 (-50.5%), from €12,586 to €6,232
of which Plant, machinery and equipment: -€5,805
- Intangible fixed assets -€3,381
no longer reported in 2025 (was €3,381)
- Profit (loss) carried forward -€31,643
down €31,643 (-6.1%), from -€517,574 to -€549,217
- Other debts -€15,528
down €15,528 (-3.0%), from €514,116 to €498,588
- Trade debts -€15,280
down €15,280 (-31.1%), from €49,106 to €33,826
- Tax, wage and social debts -€4,018
down €4,018 (-8.2%), from €49,241 to €45,222
of which Remuneration and social security: -€4,663
- Turnover -€165,626
down €165,626 (-32.2%), from €514,410 to €348,784
- Purchases and services -€151,709
down €151,709 (-60.9%), from €248,937 to €97,228
- Staff costs -€75,386
down €75,386 (-23.0%), from €327,426 to €252,040
- Gross operating margin -€22,975
down €22,975 (-8.1%), from €284,404 to €261,429
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 | €158,748 | €92,279 | -€66,469 | -41.9% |
| Fixed assets | 21/28 | €15,968 | €6,232 | -€9,736 | -61.0% |
| Intangible fixed assets | 21 | €3,381 | - | -€3,381 | |
| Tangible fixed assets | 22/27 | €12,586 | €6,232 | -€6,354 | -50.5% |
| Plant, machinery and equipment | 23 | €10,255 | €4,450 | -€5,805 | -56.6% |
| Furniture and vehicles | 24 | €2,331 | €1,783 | -€549 | -23.5% |
| Current assets | 29/58 | €142,780 | €86,047 | -€56,733 | -39.7% |
| Amounts receivable within one year | 40/41 | €132,716 | €75,233 | -€57,483 | -43.3% |
| Trade receivables | 40 | €125,254 | €75,233 | -€50,020 | -39.9% |
| Other amounts receivable | 41 | €7,462 | - | -€7,462 | |
| Cash at bank and in hand | 54/58 | €7,242 | €7,257 | +€15 | +0.2% |
| Deferred charges and accrued income | 490/1 | €2,823 | €3,557 | +€734 | +26.0% |
| Total equity and liabilities | 10/49 | €158,748 | €92,279 | -€66,469 | -41.9% |
| Equity | 10/15 | -€453,714 | -€485,357 | -€31,643 | -7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€517,574 | -€549,217 | -€31,643 | -6.1% |
| Amounts payable | 17/49 | €612,463 | €577,636 | -€34,826 | -5.7% |
| Amounts payable within one year | 42/48 | €612,463 | €577,636 | -€34,826 | -5.7% |
| Trade debts | 44 | €49,106 | €33,826 | -€15,280 | -31.1% |
| Suppliers | 440/4 | €49,106 | €33,826 | -€15,280 | -31.1% |
| Taxes, remuneration and social security | 45 | €49,241 | €45,222 | -€4,018 | -8.2% |
| Taxes | 450/3 | €15,942 | €16,587 | +€645 | +4.0% |
| Remuneration and social security | 454/9 | €33,298 | €28,635 | -€4,663 | -14.0% |
| Other amounts payable | 47/48 | €514,116 | €498,588 | -€15,528 | -3.0% |
| Turnover | 70 | €514,410 | €348,784 | -€165,626 | -32.2% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €248,937 | €97,228 | -€151,709 | -60.9% |
| Remuneration, social security and pensions | 62 | €327,426 | €252,040 | -€75,386 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,277 | €2,338 | -€2,938 | -55.7% |
| Other operating charges | 640/8 | €1,840 | €2,034 | +€194 | +10.6% |
| Non-recurring operating charges | 66A | - | €3,381 | +€3,381 | |
| Gross operating margin | 9900 | €284,404 | €261,429 | -€22,975 | -8.1% |
| Operating profit (loss) | 9901 | -€50,139 | €1,636 | +€51,774 | |
| Financial income | 75/76B | €14 | €2 | -€12 | -88.1% |
| Recurring financial income | 75 | €14 | €2 | -€12 | -88.1% |
| Financial charges | 65/66B | €28,816 | €32,651 | +€3,835 | +13.3% |
| Recurring financial charges | 65 | €28,816 | €32,651 | +€3,835 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,940 | -€31,014 | +€47,927 | +60.7% |
| Income taxes | 67/77 | €843 | €629 | -€214 | -25.4% |
| Profit (loss) for the period | 9904 | -€79,784 | -€31,643 | +€48,141 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,784 | -€31,643 | +€48,141 | +60.3% |
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 15 October 2026 via checked.be.