Sarah V.: 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 V.
Largest movements
- Deferred charges and accrued income -€10,369
down €10,369 (-94.7%), from €10,953 to €584
- Receivables within one year +€8,167
up €8,167 (+109.2%), from €7,479 to €15,646
of which Trade receivables: +€6,254
- Tangible fixed assets -€514
down €514 (-21.2%), from €2,431 to €1,917
- Advances received -€11,608
down €11,608 (-100.0%), from €11,608 to €0
- Tax, wage and social debts +€4,798
up €4,798 (+156.7%), from €3,062 to €7,860
- Profit (loss) carried forward -€4,465
down €4,465, from €1,059 to -€3,406
- Accrued charges and deferred income +€3,370
new in 2025: €3,370
- Debts after one year +€2,960
new in 2025: €2,960
- Gross operating margin -€15,387
down €15,387, from €11,206 to -€4,180
- Financial income +€541
up €541 (+1197.4%), from €45 to €586
- Depreciation +€374
up €374 (+266.0%), from €141 to €514
- Other operating charges -€365
down €365 (-60.3%), from €605 to €240
- Taxes -€357
down €357 (-100.0%), from €357 to €0
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 | €21,233 | €18,604 | -€2,629 | -12.4% |
| Fixed assets | 21/28 | €2,431 | €1,917 | -€514 | -21.2% |
| Tangible fixed assets | 22/27 | €2,431 | €1,917 | -€514 | -21.2% |
| Plant, machinery and equipment | 23 | €2,431 | €1,917 | -€514 | -21.2% |
| Current assets | 29/58 | €18,802 | €16,687 | -€2,114 | -11.2% |
| Amounts receivable within one year | 40/41 | €7,479 | €15,646 | +€8,167 | +109.2% |
| Trade receivables | 40 | €3,326 | €9,581 | +€6,254 | +188.0% |
| Other amounts receivable | 41 | €4,153 | €6,065 | +€1,913 | +46.1% |
| Cash at bank and in hand | 54/58 | €370 | €457 | +€87 | +23.6% |
| Deferred charges and accrued income | 490/1 | €10,953 | €584 | -€10,369 | -94.7% |
| Total equity and liabilities | 10/49 | €21,233 | €18,604 | -€2,629 | -12.4% |
| Equity | 10/15 | €5,772 | €1,306 | -€4,465 | -77.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,712 | €2,712 | = | 0.0% |
| Distributable reserves | 133 | €2,712 | €2,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,059 | -€3,406 | -€4,465 | |
| Amounts payable | 17/49 | €15,461 | €17,298 | +€1,837 | +11.9% |
| Amounts payable after more than one year | 17 | - | €2,960 | +€2,960 | |
| Financial debts | 170/4 | - | €2,960 | +€2,960 | |
| Amounts payable within one year | 42/48 | €15,461 | €10,967 | -€4,494 | -29.1% |
| Trade debts | 44 | €791 | €3,107 | +€2,316 | +292.7% |
| Suppliers | 440/4 | €791 | €3,107 | +€2,316 | +292.7% |
| Advances received on contracts in progress | 46 | €11,608 | €0 | -€11,608 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,062 | €7,860 | +€4,798 | +156.7% |
| Taxes | 450/3 | €3,062 | €7,860 | +€4,798 | +156.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €3,370 | +€3,370 | |
| Remuneration, social security and pensions | 62 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €514 | +€374 | +266.0% |
| Other operating charges | 640/8 | €605 | €240 | -€365 | -60.3% |
| Gross operating margin | 9900 | €11,206 | -€4,180 | -€15,387 | |
| Operating profit (loss) | 9901 | €10,461 | -€4,948 | -€15,410 | |
| Financial income | 75/76B | €45 | €586 | +€541 | +1197.4% |
| Recurring financial income | 75 | €45 | €586 | +€541 | +1197.4% |
| Financial charges | 65/66B | €53 | €103 | +€50 | +93.8% |
| Recurring financial charges | 65 | €53 | €103 | +€50 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | €10,453 | -€4,465 | -€14,919 | |
| Income taxes | 67/77 | €357 | €0 | -€357 | -100.0% |
| Profit (loss) for the period | 9904 | €10,097 | -€4,465 | -€14,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,097 | -€4,465 | -€14,562 |
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 10 October 2026 via checked.be.