REVEAL: 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.
REVEAL
Largest movements
- Receivables within one year -€18,103
down €18,103 (-60.5%), from €29,944 to €11,841
of which Trade receivables: -€29,944
- Cash -€7,836
down €7,836 (-11.9%), from €66,079 to €58,243
mainly Tax, wage and social debts (-€10,249) and Contributions, distributions and other (-€9,424)
- Tangible fixed assets -€2,901
down €2,901 (-15.1%), from €19,156 to €16,256
of which Other tangible fixed assets: -€2,074
- Tax, wage and social debts -€10,249
down €10,249 (-29.4%), from €34,873 to €24,624
- Reserves -€9,424
down €9,424 (-18.4%), from €51,284 to €41,860
of which Distributable reserves: -€9,424
- Profit (loss) carried forward -€6,021
down €6,021 (-34.4%), from €17,510 to €11,489
- Other debts -€5,256
no longer reported in 2025 (was €5,256)
- Advances received +€2,323
new in 2025: €2,323
- Gross operating margin -€66,021
down €66,021, from €65,453 to -€568
- Taxes -€21,473
no longer reported in 2025 (was €21,473)
- Other operating charges +€2,303
up €2,303 (+595%), from €387 to €2,691
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 | €115,179 | €86,845 | -€28,334 | -24.6% |
| Fixed assets | 21/28 | €19,156 | €16,256 | -€2,901 | -15.1% |
| Tangible fixed assets | 22/27 | €19,156 | €16,256 | -€2,901 | -15.1% |
| Plant, machinery and equipment | 23 | €126 | - | -€126 | |
| Furniture and vehicles | 24 | €1,479 | €778 | -€701 | -47.4% |
| Other tangible fixed assets | 26 | €17,551 | €15,477 | -€2,074 | -11.8% |
| Current assets | 29/58 | €96,023 | €70,589 | -€25,434 | -26.5% |
| Amounts receivable within one year | 40/41 | €29,944 | €11,841 | -€18,103 | -60.5% |
| Trade receivables | 40 | €29,944 | - | -€29,944 | |
| Other amounts receivable | 41 | - | €11,841 | +€11,841 | |
| Cash at bank and in hand | 54/58 | €66,079 | €58,243 | -€7,836 | -11.9% |
| Deferred charges and accrued income | 490/1 | - | €506 | +€506 | |
| Total equity and liabilities | 10/49 | €115,179 | €86,845 | -€28,334 | -24.6% |
| Equity | 10/15 | €74,995 | €59,549 | -€15,446 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,284 | €41,860 | -€9,424 | -18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,424 | €40,000 | -€9,424 | -19.1% |
| Profit (loss) carried forward | 14 | €17,510 | €11,489 | -€6,021 | -34.4% |
| Amounts payable | 17/49 | €40,185 | €27,296 | -€12,889 | -32.1% |
| Amounts payable within one year | 42/48 | €40,185 | €27,296 | -€12,889 | -32.1% |
| Trade debts | 44 | €56 | €349 | +€293 | +528% |
| Suppliers | 440/4 | €56 | €349 | +€293 | +528% |
| Advances received on contracts in progress | 46 | - | €2,323 | +€2,323 | |
| Taxes, remuneration and social security | 45 | €34,873 | €24,624 | -€10,249 | -29.4% |
| Taxes | 450/3 | €34,873 | €24,624 | -€10,249 | -29.4% |
| Other amounts payable | 47/48 | €5,256 | - | -€5,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,703 | €2,901 | +€198 | +7.3% |
| Other operating charges | 640/8 | €387 | €2,691 | +€2,303 | +595% |
| Gross operating margin | 9900 | €65,453 | -€568 | -€66,021 | |
| Operating profit (loss) | 9901 | €62,363 | -€6,159 | -€68,522 | |
| Financial income | 75/76B | - | €311 | +€311 | |
| Recurring financial income | 75 | - | €311 | +€311 | |
| Financial charges | 65/66B | €619 | €173 | -€446 | -72.0% |
| Recurring financial charges | 65 | €619 | €173 | -€446 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €61,744 | -€6,021 | -€67,765 | |
| Income taxes | 67/77 | €21,473 | - | -€21,473 | |
| Profit (loss) for the period | 9904 | €40,271 | -€6,021 | -€46,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,271 | -€6,021 | -€46,292 |
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 24 October 2026 via checked.be.