Rudimentary: 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.
Rudimentary
Largest movements
- Tangible fixed assets -€38,489
down €38,489 (-99.0%), from €38,863 to €375
of which Leasing and similar rights: -€37,897
- Cash +€17,010
up €17,010 (+4204.4%), from €405 to €17,414
- Stocks and contracts +€10,492
up €10,492 (+22.9%), from €45,809 to €56,301
- Intangible fixed assets -€3,615
down €3,615 (-21.1%), from €17,151 to €13,536
- Debts after one year +€24,195
up €24,195 (+40.0%), from €60,484 to €84,679
- Current portion of long-term debt -€21,635
no longer reported in 2025 (was €21,635)
- Other debts -€5,930
down €5,930 (-98.1%), from €6,042 to €112
- Trade debts -€5,692
down €5,692 (-84.6%), from €6,730 to €1,038
- Tax, wage and social debts -€3,217
down €3,217 (-49.9%), from €6,441 to €3,224
- Depreciation -€7,062
down €7,062 (-62.7%), from €11,269 to €4,207
- Gross operating margin -€2,603
down €2,603 (-18.3%), from €14,208 to €11,605
- Financial charges +€2,366
up €2,366 (+104.5%), from €2,263 to €4,628
- Other operating charges +€165
up €165 (+6.4%), from €2,582 to €2,747
- Taxes -€158
down €158 (-23.3%), from €676 to €519
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,397 | €92,565 | -€14,832 | -13.8% |
| Fixed assets | 21/28 | €56,015 | €13,911 | -€42,104 | -75.2% |
| Intangible fixed assets | 21 | €17,151 | €13,536 | -€3,615 | -21.1% |
| Tangible fixed assets | 22/27 | €38,863 | €375 | -€38,489 | -99.0% |
| Plant, machinery and equipment | 23 | €967 | €375 | -€592 | -61.2% |
| Leasing and similar rights | 25 | €37,897 | - | -€37,897 | |
| Current assets | 29/58 | €51,383 | €78,654 | +€27,271 | +53.1% |
| Stocks and contracts in progress | 3 | €45,809 | €56,301 | +€10,492 | +22.9% |
| Stocks | 30/36 | €45,809 | €56,301 | +€10,492 | +22.9% |
| Amounts receivable within one year | 40/41 | €4,933 | €4,409 | -€523 | -10.6% |
| Trade receivables | 40 | €4,933 | €4,409 | -€523 | -10.6% |
| Cash at bank and in hand | 54/58 | €405 | €17,414 | +€17,010 | +4204.4% |
| Deferred charges and accrued income | 490/1 | €236 | €530 | +€294 | +124.2% |
| Total equity and liabilities | 10/49 | €107,397 | €92,565 | -€14,832 | -13.8% |
| Equity | 10/15 | €6,065 | €3,510 | -€2,554 | -42.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,065 | - | -€2,065 | |
| Distributable reserves | 133 | €2,065 | - | -€2,065 | |
| Profit (loss) carried forward | 14 | - | -€490 | -€490 | |
| Amounts payable | 17/49 | €101,332 | €89,054 | -€12,278 | -12.1% |
| Amounts payable after more than one year | 17 | €60,484 | €84,679 | +€24,195 | +40.0% |
| Financial debts | 170/4 | €60,484 | €84,679 | +€24,195 | +40.0% |
| Amounts payable within one year | 42/48 | €40,848 | €4,375 | -€36,474 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €21,635 | - | -€21,635 | |
| Trade debts | 44 | €6,730 | €1,038 | -€5,692 | -84.6% |
| Suppliers | 440/4 | €6,730 | €1,038 | -€5,692 | -84.6% |
| Taxes, remuneration and social security | 45 | €6,441 | €3,224 | -€3,217 | -49.9% |
| Taxes | 450/3 | €6,441 | €3,224 | -€3,217 | -49.9% |
| Other amounts payable | 47/48 | €6,042 | €112 | -€5,930 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,269 | €4,207 | -€7,062 | -62.7% |
| Other operating charges | 640/8 | €2,582 | €2,747 | +€165 | +6.4% |
| Non-recurring operating charges | 66A | - | €2,059 | +€2,059 | |
| Gross operating margin | 9900 | €14,208 | €11,605 | -€2,603 | -18.3% |
| Operating profit (loss) | 9901 | €357 | €2,592 | +€2,235 | +626.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +36.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +36.4% |
| Financial charges | 65/66B | €2,263 | €4,628 | +€2,366 | +104.5% |
| Recurring financial charges | 65 | €2,263 | €4,628 | +€2,366 | +104.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,906 | -€2,036 | -€130 | -6.8% |
| Income taxes | 67/77 | €676 | €519 | -€158 | -23.3% |
| Profit (loss) for the period | 9904 | -€2,582 | -€2,554 | +€27 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,582 | -€2,554 | +€27 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.