SECOND LIFE: 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.
SECOND LIFE
Largest movements
- Cash -€9,201
down €9,201 (-79.2%), from €11,612 to €2,412
mainly Tax, wage and social debts (-€8,975) and Net result for the year (-€7,611)
- Receivables within one year -€3,216
down €3,216 (-1.3%), from €243,460 to €240,244
of which Other amounts receivable: -€15,216
- Tax, wage and social debts -€8,975
down €8,975 (-17.0%), from €52,794 to €43,819
of which Taxes: -€12,108
- Profit (loss) carried forward -€7,611
down €7,611, from €0 to -€7,611
- Current portion of long-term debt +€6,582
up €6,582 (+98.3%), from €6,694 to €13,276
- Debts after one year -€5,697
down €5,697 (-27.5%), from €20,697 to €15,000
- Trade debts +€4,038
up €4,038 (+176.2%), from €2,292 to €6,330
- Gross operating margin -€47,424
down €47,424 (-36.9%), from €128,483 to €81,060
- Taxes -€18,132
down €18,132 (-80.7%), from €22,457 to €4,325
- Staff costs +€16,142
up €16,142 (+26.3%), from €61,494 to €77,636
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 | €263,605 | €250,748 | -€12,857 | -4.9% |
| Fixed assets | 21/28 | €5,077 | €4,839 | -€238 | -4.7% |
| Tangible fixed assets | 22/27 | €673 | €435 | -€238 | -35.3% |
| Plant, machinery and equipment | 23 | €673 | €435 | -€238 | -35.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €4,404 | €4,404 | = | 0.0% |
| Current assets | 29/58 | €258,528 | €245,909 | -€12,619 | -4.9% |
| Amounts receivable within one year | 40/41 | €243,460 | €240,244 | -€3,216 | -1.3% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €243,460 | €228,244 | -€15,216 | -6.2% |
| Cash at bank and in hand | 54/58 | €11,612 | €2,412 | -€9,201 | -79.2% |
| Deferred charges and accrued income | 490/1 | €3,456 | €3,254 | -€202 | -5.9% |
| Total equity and liabilities | 10/49 | €263,605 | €250,748 | -€12,857 | -4.9% |
| Equity | 10/15 | €172,745 | €165,135 | -€7,611 | -4.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €154,195 | €154,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Reserves not available under the articles | 1311 | €248 | €248 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,066 | €2,066 | = | 0.0% |
| Distributable reserves | 133 | €151,881 | €151,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€7,611 | -€7,611 | |
| Amounts payable | 17/49 | €90,860 | €85,613 | -€5,246 | -5.8% |
| Amounts payable after more than one year | 17 | €20,697 | €15,000 | -€5,697 | -27.5% |
| Financial debts | 170/4 | €20,697 | €15,000 | -€5,697 | -27.5% |
| Amounts payable within one year | 42/48 | €61,780 | €63,425 | +€1,644 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,694 | €13,276 | +€6,582 | +98.3% |
| Trade debts | 44 | €2,292 | €6,330 | +€4,038 | +176.2% |
| Suppliers | 440/4 | €2,292 | €6,330 | +€4,038 | +176.2% |
| Taxes, remuneration and social security | 45 | €52,794 | €43,819 | -€8,975 | -17.0% |
| Taxes | 450/3 | €44,718 | €32,610 | -€12,108 | -27.1% |
| Remuneration and social security | 454/9 | €8,076 | €11,209 | +€3,133 | +38.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,382 | €7,189 | -€1,194 | -14.2% |
| Remuneration, social security and pensions | 62 | €61,494 | €77,636 | +€16,142 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €238 | -€55 | -18.7% |
| Other operating charges | 640/8 | €2,286 | €2,825 | +€539 | +23.6% |
| Gross operating margin | 9900 | €128,483 | €81,060 | -€47,424 | -36.9% |
| Operating profit (loss) | 9901 | €64,411 | €362 | -€64,049 | -99.4% |
| Financial income | 75/76B | €1,596 | €2,665 | +€1,069 | +67.0% |
| Recurring financial income | 75 | €1,596 | €2,665 | +€1,069 | +67.0% |
| Financial charges | 65/66B | €5,811 | €6,313 | +€501 | +8.6% |
| Recurring financial charges | 65 | €5,811 | €6,313 | +€501 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €60,196 | -€3,286 | -€63,482 | |
| Income taxes | 67/77 | €22,457 | €4,325 | -€18,132 | -80.7% |
| Profit (loss) for the period | 9904 | €37,739 | -€7,611 | -€45,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,739 | -€7,611 | -€45,349 |
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 7 October 2026 via checked.be.