REZULTS: 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.
REZULTS
Largest movements
- Cash -€7,195
down €7,195 (-97.1%), from €7,411 to €216
mainly Other debts (-€7,995) and Tax, wage and social debts (-€3,567)
- Tangible fixed assets -€2,033
down €2,033 (-34.0%), from €5,987 to €3,955
- Deferred charges and accrued income -€954
down €954 (-62.8%), from €1,519 to €566
- Receivables within one year -€660
down €660 (-1.9%), from €35,581 to €34,921
of which Trade receivables: -€11,798
- Other debts -€7,995
down €7,995 (-96.2%), from €8,310 to €315
- Tax, wage and social debts -€3,567
down €3,567 (-16.1%), from €22,110 to €18,543
of which Remuneration and social security: -€2,419
- Trade debts +€753
up €753 (+96.6%), from €780 to €1,533
- Gross operating margin -€65,624
down €65,624 (-89.0%), from €73,707 to €8,083
- Taxes -€11,197
down €11,197 (-66.8%), from €16,750 to €5,553
- Financial income +€991
up €991 (+104.7%), from €947 to €1,939
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 | €51,739 | €40,898 | -€10,842 | -21.0% |
| Fixed assets | 21/28 | €7,227 | €5,195 | -€2,033 | -28.1% |
| Tangible fixed assets | 22/27 | €5,987 | €3,955 | -€2,033 | -34.0% |
| Furniture and vehicles | 24 | €5,987 | €3,955 | -€2,033 | -34.0% |
| Financial fixed assets | 28 | €1,240 | €1,240 | = | 0.0% |
| Current assets | 29/58 | €44,512 | €35,703 | -€8,809 | -19.8% |
| Amounts receivable within one year | 40/41 | €35,581 | €34,921 | -€660 | -1.9% |
| Trade receivables | 40 | €11,798 | €0 | -€11,798 | -100.0% |
| Other amounts receivable | 41 | €23,784 | €34,921 | +€11,137 | +46.8% |
| Cash at bank and in hand | 54/58 | €7,411 | €216 | -€7,195 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,519 | €566 | -€954 | -62.8% |
| Total equity and liabilities | 10/49 | €51,739 | €40,898 | -€10,842 | -21.0% |
| Equity | 10/15 | €20,516 | €20,486 | -€30 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56 | €26 | -€30 | -54.2% |
| Amounts payable | 17/49 | €31,224 | €20,412 | -€10,812 | -34.6% |
| Amounts payable within one year | 42/48 | €31,200 | €20,391 | -€10,809 | -34.6% |
| Trade debts | 44 | €780 | €1,533 | +€753 | +96.6% |
| Suppliers | 440/4 | €780 | €1,533 | +€753 | +96.6% |
| Taxes, remuneration and social security | 45 | €22,110 | €18,543 | -€3,567 | -16.1% |
| Taxes | 450/3 | €19,692 | €18,543 | -€1,149 | -5.8% |
| Remuneration and social security | 454/9 | €2,419 | €0 | -€2,419 | -100.0% |
| Other amounts payable | 47/48 | €8,310 | €315 | -€7,995 | -96.2% |
| Accrued charges and deferred income | 492/3 | €23 | €21 | -€2 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €2,033 | +€280 | +16.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €73,707 | €8,083 | -€65,624 | -89.0% |
| Operating profit (loss) | 9901 | €71,441 | €5,522 | -€65,919 | -92.3% |
| Financial income | 75/76B | €947 | €1,939 | +€991 | +104.7% |
| Recurring financial income | 75 | €947 | €1,939 | +€991 | +104.7% |
| Financial charges | 65/66B | €184 | €188 | +€4 | +2.3% |
| Recurring financial charges | 65 | €184 | €188 | +€4 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €72,205 | €7,273 | -€64,932 | -89.9% |
| Income taxes | 67/77 | €16,750 | €5,553 | -€11,197 | -66.8% |
| Profit (loss) for the period | 9904 | €55,455 | €1,720 | -€53,735 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,455 | €1,720 | -€53,735 | -96.9% |
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 7 October 2026 via checked.be.