SALES VALUE: 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.
SALES VALUE
Largest movements
- Receivables within one year -€15,532
down €15,532 (-91.4%), from €16,992 to €1,460
of which Trade receivables: -€10,656
- Cash +€2,291
new in 2025: €2,291
mainly Receivables within one year (+€15,532) and Depreciation (+€1,397)
- Tangible fixed assets -€322
down €322 (-11.6%), from €2,773 to €2,451
of which Plant, machinery and equipment: -€451
- Current portion of long-term debt -€9,320
no longer reported in 2025 (was €9,320)
- Trade debts -€2,965
down €2,965 (-34.1%), from €8,698 to €5,732
- Tax, wage and social debts -€1,086
down €1,086 (-21.0%), from €5,180 to €4,095
- Profit (loss) carried forward +€612
up €612 (+6.6%), from -€9,251 to -€8,639
- Short-term financial debts -€531
no longer reported in 2025 (was €531)
- Financial charges -€26,324
down €26,324 (-96.9%), from €27,175 to €851
of which Non-recurring financial charges: -€25,799
- Gross operating margin -€14,327
down €14,327 (-70.1%), from €20,450 to €6,123
- Taxes +€2,065
up €2,065 (+1667.0%), from €124 to €2,189
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 | €20,354 | €6,808 | -€13,546 | -66.6% |
| Fixed assets | 21/28 | €2,773 | €2,451 | -€322 | -11.6% |
| Tangible fixed assets | 22/27 | €2,773 | €2,451 | -€322 | -11.6% |
| Plant, machinery and equipment | 23 | €1,600 | €1,149 | -€451 | -28.2% |
| Furniture and vehicles | 24 | €1,173 | €1,302 | +€129 | +11.0% |
| Current assets | 29/58 | €17,581 | €4,357 | -€13,224 | -75.2% |
| Amounts receivable within one year | 40/41 | €16,992 | €1,460 | -€15,532 | -91.4% |
| Trade receivables | 40 | €12,116 | €1,460 | -€10,656 | -87.9% |
| Other amounts receivable | 41 | €4,876 | - | -€4,876 | |
| Cash at bank and in hand | 54/58 | - | €2,291 | +€2,291 | |
| Deferred charges and accrued income | 490/1 | €589 | €606 | +€17 | +2.9% |
| Total equity and liabilities | 10/49 | €20,354 | €6,808 | -€13,546 | -66.6% |
| Equity | 10/15 | -€3,631 | -€3,019 | +€612 | +16.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,620 | €4,620 | = | 0.0% |
| Distributable reserves | 133 | €4,620 | €4,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,251 | -€8,639 | +€612 | +6.6% |
| Amounts payable | 17/49 | €23,985 | €9,827 | -€14,158 | -59.0% |
| Amounts payable within one year | 42/48 | €23,985 | €9,827 | -€14,158 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €9,320 | - | -€9,320 | |
| Financial debts | 43 | €531 | - | -€531 | |
| Credit institutions | 430/8 | €531 | - | -€531 | |
| Trade debts | 44 | €8,698 | €5,732 | -€2,965 | -34.1% |
| Suppliers | 440/4 | €8,698 | €5,732 | -€2,965 | -34.1% |
| Advances received on contracts in progress | 46 | €34 | - | -€34 | |
| Taxes, remuneration and social security | 45 | €5,180 | €4,095 | -€1,086 | -21.0% |
| Taxes | 450/3 | €5,180 | €4,095 | -€1,086 | -21.0% |
| Other amounts payable | 47/48 | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €1,397 | +€191 | +15.9% |
| Other operating charges | 640/8 | €1,196 | €1,075 | -€122 | -10.2% |
| Gross operating margin | 9900 | €20,450 | €6,123 | -€14,327 | -70.1% |
| Operating profit (loss) | 9901 | €18,048 | €3,652 | -€14,397 | -79.8% |
| Financial charges | 65/66B | €27,175 | €851 | -€26,324 | -96.9% |
| Recurring financial charges | 65 | €1,376 | €851 | -€525 | -38.2% |
| Non-recurring financial charges | 66B | €25,799 | - | -€25,799 | |
| Profit (loss) for the period before taxes | 9903 | -€9,127 | €2,801 | +€11,927 | |
| Income taxes | 67/77 | €124 | €2,189 | +€2,065 | +1667.0% |
| Profit (loss) for the period | 9904 | -€9,251 | €612 | +€9,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,251 | €612 | +€9,863 |
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.