Sarah Detollenaere: 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.
Sarah Detollenaere
Largest movements
- Tangible fixed assets -€17,992
down €17,992 (-26.4%), from €68,172 to €50,180
of which Furniture and vehicles: -€17,311
- Cash +€3,650
up €3,650 (+32.4%), from €11,274 to €14,923
mainly Depreciation (+€19,940) and Receivables within one year (+€1,920)
- Receivables within one year -€1,920
down €1,920 (-100%), from €1,920 to €0
- Debts after one year -€13,117
down €13,117 (-26.5%), from €49,479 to €36,362
- Trade debts -€5,224
down €5,224 (-84.3%), from €6,198 to €974
- Depreciation +€10,123
up €10,123 (+103%), from €9,817 to €19,940
- Gross operating margin +€7,611
up €7,611 (+43.7%), from €17,411 to €25,021
- Financial charges +€1,420
up €1,420 (+107%), from €1,328 to €2,748
- Taxes +€876
up €876 (+71.5%), from €1,225 to €2,101
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 | €85,968 | €69,008 | -€16,961 | -19.7% |
| Formation expenses | 20 | €2,975 | €2,315 | -€660 | -22.2% |
| Fixed assets | 21/28 | €68,172 | €50,180 | -€17,992 | -26.4% |
| Tangible fixed assets | 22/27 | €68,172 | €50,180 | -€17,992 | -26.4% |
| Plant, machinery and equipment | 23 | €3,067 | €2,387 | -€681 | -22.2% |
| Furniture and vehicles | 24 | €65,104 | €47,793 | -€17,311 | -26.6% |
| Current assets | 29/58 | €14,821 | €16,513 | +€1,691 | +11.4% |
| Amounts receivable within one year | 40/41 | €1,920 | €0 | -€1,920 | -100% |
| Trade receivables | 40 | €1,920 | €0 | -€1,920 | -100% |
| Cash at bank and in hand | 54/58 | €11,274 | €14,923 | +€3,650 | +32.4% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,589 | -€39 | -2.4% |
| Total equity and liabilities | 10/49 | €85,968 | €69,008 | -€16,961 | -19.7% |
| Equity | 10/15 | €9,168 | €8,774 | -€394 | -4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,168 | €3,774 | -€394 | -9.4% |
| Amounts payable | 17/49 | €76,800 | €60,233 | -€16,567 | -21.6% |
| Amounts payable after more than one year | 17 | €49,479 | €36,362 | -€13,117 | -26.5% |
| Financial debts | 170/4 | €49,479 | €36,362 | -€13,117 | -26.5% |
| Amounts payable within one year | 42/48 | €27,322 | €23,437 | -€3,885 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €12,613 | €13,117 | +€504 | +4.0% |
| Trade debts | 44 | €6,198 | €974 | -€5,224 | -84.3% |
| Suppliers | 440/4 | €6,198 | €974 | -€5,224 | -84.3% |
| Taxes, remuneration and social security | 45 | €2,375 | €3,210 | +€835 | +35.2% |
| Taxes | 450/3 | €2,375 | €3,210 | +€835 | +35.2% |
| Other amounts payable | 47/48 | €6,135 | €6,135 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €434 | +€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,817 | €19,940 | +€10,123 | +103% |
| Other operating charges | 640/8 | €873 | €626 | -€247 | -28.3% |
| Gross operating margin | 9900 | €17,411 | €25,021 | +€7,611 | +43.7% |
| Operating profit (loss) | 9901 | €6,721 | €4,455 | -€2,266 | -33.7% |
| Financial charges | 65/66B | €1,328 | €2,748 | +€1,420 | +107% |
| Recurring financial charges | 65 | €1,328 | €2,748 | +€1,420 | +107% |
| Profit (loss) for the period before taxes | 9903 | €5,393 | €1,707 | -€3,686 | -68.3% |
| Income taxes | 67/77 | €1,225 | €2,101 | +€876 | +71.5% |
| Profit (loss) for the period | 9904 | €4,168 | -€394 | -€4,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,168 | -€394 | -€4,561 |
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 20 October 2026 via checked.be.