ROUTE59: 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.
ROUTE59
Largest movements
- Stocks and contracts +€168,147
up €168,147 (+29.6%), from €568,030 to €736,177
- Receivables within one year +€11,740
up €11,740 (+185.7%), from €6,322 to €18,062
- Cash -€9,530
down €9,530 (-23.5%), from €40,629 to €31,099
mainly Stocks and contracts (-€168,147) and Trade debts (-€37,288)
- Contributions +€200,000
up €200,000 (+200.0%), from €100,000 to €300,000
- Trade debts -€37,288
down €37,288 (-50.9%), from €73,230 to €35,942
- Profit (loss) carried forward -€25,191
down €25,191 (-26.4%), from -€95,439 to -€120,630
- Advances received +€12,601
new in 2025: €12,601
- Tax, wage and social debts +€9,081
up €9,081 (+193.6%), from €4,691 to €13,772
of which Taxes: +€9,230
- Purchases and services +€246,333
up €246,333 (+68.7%), from €358,600 to €604,933
- Turnover +€243,510
up €243,510 (+63.2%), from €385,120 to €628,630
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 | €649,426 | €814,075 | +€164,649 | +25.4% |
| Fixed assets | 21/28 | €31,647 | €25,871 | -€5,776 | -18.3% |
| Tangible fixed assets | 22/27 | €31,390 | €25,614 | -€5,776 | -18.4% |
| Land and buildings | 22 | - | €8,500 | +€8,500 | |
| Plant, machinery and equipment | 23 | €1,920 | €2,647 | +€727 | +37.9% |
| Furniture and vehicles | 24 | €29,306 | €14,384 | -€14,922 | -50.9% |
| Other tangible fixed assets | 26 | €164 | €83 | -€81 | -49.4% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €617,779 | €788,204 | +€170,425 | +27.6% |
| Stocks and contracts in progress | 3 | €568,030 | €736,177 | +€168,147 | +29.6% |
| Stocks | 30/36 | €568,030 | €736,177 | +€168,147 | +29.6% |
| Amounts receivable within one year | 40/41 | €6,322 | €18,062 | +€11,740 | +185.7% |
| Trade receivables | 40 | €6,322 | €18,062 | +€11,740 | +185.7% |
| Cash at bank and in hand | 54/58 | €40,629 | €31,099 | -€9,530 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,798 | €2,866 | +€68 | +2.4% |
| Total equity and liabilities | 10/49 | €649,426 | €814,075 | +€164,649 | +25.4% |
| Equity | 10/15 | €4,561 | €179,370 | +€174,809 | +3832.7% |
| Contributions | 10/11 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Capital | 10 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Issued capital | 100 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Profit (loss) carried forward | 14 | -€95,439 | -€120,630 | -€25,191 | -26.4% |
| Amounts payable | 17/49 | €644,865 | €634,705 | -€10,160 | -1.6% |
| Amounts payable within one year | 42/48 | €643,903 | €634,705 | -€9,198 | -1.4% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €73,230 | €35,942 | -€37,288 | -50.9% |
| Suppliers | 440/4 | €73,230 | €35,942 | -€37,288 | -50.9% |
| Advances received on contracts in progress | 46 | - | €12,601 | +€12,601 | |
| Taxes, remuneration and social security | 45 | €4,691 | €13,772 | +€9,081 | +193.6% |
| Taxes | 450/3 | €1,872 | €11,102 | +€9,230 | +493.1% |
| Remuneration and social security | 454/9 | €2,819 | €2,670 | -€149 | -5.3% |
| Other amounts payable | 47/48 | €565,982 | €572,341 | +€6,359 | +1.1% |
| Accrued charges and deferred income | 492/3 | €962 | - | -€962 | |
| Turnover | 70 | €385,120 | €628,630 | +€243,510 | +63.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €358,600 | €604,933 | +€246,333 | +68.7% |
| Remuneration, social security and pensions | 62 | €26,559 | €29,419 | +€2,860 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,489 | €18,560 | +€71 | +0.4% |
| Other operating charges | 640/8 | €830 | €620 | -€210 | -25.3% |
| Gross operating margin | 9900 | €26,520 | €23,697 | -€2,823 | -10.6% |
| Operating profit (loss) | 9901 | -€19,358 | -€24,902 | -€5,544 | -28.6% |
| Financial income | 75/76B | €3 | €100 | +€97 | +3233.3% |
| Recurring financial income | 75 | €3 | €100 | +€97 | +3233.3% |
| Financial charges | 65/66B | €589 | €388 | -€201 | -34.1% |
| Recurring financial charges | 65 | €289 | €388 | +€99 | +34.3% |
| Non-recurring financial charges | 66B | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | -€19,944 | -€25,190 | -€5,246 | -26.3% |
| Profit (loss) for the period | 9904 | -€19,944 | -€25,190 | -€5,246 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,944 | -€25,190 | -€5,246 | -26.3% |
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 5 October 2026 via checked.be.