SAY WHAT!: 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.
SAY WHAT!
Largest movements
- Receivables within one year +€1,703
up €1,703 (+45.0%), from €3,784 to €5,488
of which Trade receivables: +€2,815
- Tangible fixed assets -€521
down €521 (-37.1%), from €1,403 to €882
of which Furniture and vehicles: -€381
- Cash -€494
down €494 (-81.0%), from €610 to €116
mainly Receivables within one year (-€1,703) and Other debts (-€1,527)
- Profit (loss) carried forward +€2,917
up €2,917 (+20.5%), from -€14,216 to -€11,299
- Other debts -€1,527
down €1,527 (-37.5%), from €4,075 to €2,547
- Trade debts -€591
down €591 (-72.1%), from €819 to €228
- Tax, wage and social debts -€110
down €110 (-11.0%), from €999 to €889
- Gross operating margin +€10,848
up €10,848, from -€5,942 to €4,906
- Other operating charges -€1,711
down €1,711 (-60.4%), from €2,834 to €1,123
- Depreciation +€222
up €222 (+74.3%), from €299 to €521
- Taxes -€148
down €148 (-57.2%), from €259 to €111
- Financial charges -€144
down €144 (-38.0%), from €378 to €234
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 | €5,937 | €6,626 | +€689 | +11.6% |
| Fixed assets | 21/28 | €1,403 | €882 | -€521 | -37.1% |
| Tangible fixed assets | 22/27 | €1,403 | €882 | -€521 | -37.1% |
| Land and buildings | 22 | €420 | €280 | -€140 | -33.3% |
| Furniture and vehicles | 24 | €983 | €602 | -€381 | -38.7% |
| Current assets | 29/58 | €4,534 | €5,744 | +€1,209 | +26.7% |
| Amounts receivable within one year | 40/41 | €3,784 | €5,488 | +€1,703 | +45.0% |
| Trade receivables | 40 | €2,673 | €5,488 | +€2,815 | +105% |
| Other amounts receivable | 41 | €1,111 | - | -€1,111 | |
| Cash at bank and in hand | 54/58 | €610 | €116 | -€494 | -81.0% |
| Deferred charges and accrued income | 490/1 | €140 | €140 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,937 | €6,626 | +€689 | +11.6% |
| Equity | 10/15 | €44 | €2,961 | +€2,917 | +6,586% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,216 | -€11,299 | +€2,917 | +20.5% |
| Amounts payable | 17/49 | €5,893 | €3,665 | -€2,228 | -37.8% |
| Amounts payable within one year | 42/48 | €5,893 | €3,665 | -€2,228 | -37.8% |
| Trade debts | 44 | €819 | €228 | -€591 | -72.1% |
| Suppliers | 440/4 | €819 | €228 | -€591 | -72.1% |
| Taxes, remuneration and social security | 45 | €999 | €889 | -€110 | -11.0% |
| Taxes | 450/3 | €999 | €889 | -€110 | -11.0% |
| Other amounts payable | 47/48 | €4,075 | €2,547 | -€1,527 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €521 | +€222 | +74.3% |
| Other operating charges | 640/8 | €2,834 | €1,123 | -€1,711 | -60.4% |
| Gross operating margin | 9900 | -€5,942 | €4,906 | +€10,848 | |
| Operating profit (loss) | 9901 | -€9,075 | €3,262 | +€12,337 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €378 | €234 | -€144 | -38.0% |
| Recurring financial charges | 65 | €378 | €234 | -€144 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,451 | €3,028 | +€12,479 | |
| Income taxes | 67/77 | €259 | €111 | -€148 | -57.2% |
| Profit (loss) for the period | 9904 | -€9,710 | €2,917 | +€12,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,710 | €2,917 | +€12,627 |
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 14 October 2026 via checked.be.