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 -€24,557
down €24,557 (-21.1%), from €116,534 to €91,977
mainly Trade debts (-€49,808) and Receivables within one year (-€11,683)
- Receivables within one year +€11,683
up €11,683 (+30.7%), from €38,057 to €49,741
of which Trade receivables: +€9,397
- Tangible fixed assets -€8,077
down €8,077 (-31.2%), from €25,915 to €17,838
of which Furniture and vehicles: -€4,547
- Trade debts -€49,808
down €49,808 (-66.8%), from €74,593 to €24,785
- Profit (loss) carried forward +€16,316
up €16,316, from -€15,621 to €695
- Tax, wage and social debts +€7,057
up €7,057 (+15.2%), from €46,375 to €53,433
of which Remuneration and social security: +€9,737
- Debts after one year +€2,733
up €2,733 (+2.7%), from €102,742 to €105,475
- Gross operating margin +€127,243
up €127,243 (+22.9%), from €554,887 to €682,129
- Staff costs +€52,543
up €52,543 (+9.5%), from €551,355 to €603,898
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 | €208,089 | €184,388 | -€23,702 | -11.4% |
| Fixed assets | 21/28 | €34,555 | €24,619 | -€9,937 | -28.8% |
| Intangible fixed assets | 21 | €8,520 | €6,660 | -€1,860 | -21.8% |
| Tangible fixed assets | 22/27 | €25,915 | €17,838 | -€8,077 | -31.2% |
| Land and buildings | 22 | €1,684 | €1,260 | -€424 | -25.2% |
| Plant, machinery and equipment | 23 | €11,003 | €7,898 | -€3,105 | -28.2% |
| Furniture and vehicles | 24 | €13,227 | €8,680 | -€4,547 | -34.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €173,534 | €159,769 | -€13,765 | -7.9% |
| Stocks and contracts in progress | 3 | €12,382 | €12,472 | +€90 | +0.7% |
| Stocks | 30/36 | €12,382 | €12,472 | +€90 | +0.7% |
| Amounts receivable within one year | 40/41 | €38,057 | €49,741 | +€11,683 | +30.7% |
| Trade receivables | 40 | €37,620 | €47,018 | +€9,397 | +25.0% |
| Other amounts receivable | 41 | €437 | €2,723 | +€2,286 | +523.4% |
| Cash at bank and in hand | 54/58 | €116,534 | €91,977 | -€24,557 | -21.1% |
| Deferred charges and accrued income | 490/1 | €6,561 | €5,579 | -€981 | -15.0% |
| Total equity and liabilities | 10/49 | €208,089 | €184,388 | -€23,702 | -11.4% |
| Equity | 10/15 | -€15,621 | €695 | +€16,316 | |
| Profit (loss) carried forward | 14 | -€15,621 | €695 | +€16,316 | |
| Amounts payable | 17/49 | €223,711 | €183,693 | -€40,018 | -17.9% |
| Amounts payable after more than one year | 17 | €102,742 | €105,475 | +€2,733 | +2.7% |
| Other amounts payable | 178/9 | €102,742 | €105,475 | +€2,733 | +2.7% |
| Amounts payable within one year | 42/48 | €120,969 | €78,218 | -€42,751 | -35.3% |
| Trade debts | 44 | €74,593 | €24,785 | -€49,808 | -66.8% |
| Suppliers | 440/4 | €74,593 | €24,785 | -€49,808 | -66.8% |
| Taxes, remuneration and social security | 45 | €46,375 | €53,433 | +€7,057 | +15.2% |
| Taxes | 450/3 | €13,182 | €10,502 | -€2,679 | -20.3% |
| Remuneration and social security | 454/9 | €33,194 | €42,930 | +€9,737 | +29.3% |
| Non-recurring operating income | 76A | - | €3,575 | +€3,575 | |
| Remuneration, social security and pensions | 62 | €551,355 | €603,898 | +€52,543 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,956 | €14,665 | +€1,709 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,773 | -€1,173 | -€2,947 | |
| Other operating charges | 640/8 | €47,037 | €44,313 | -€2,724 | -5.8% |
| Non-recurring operating charges | 66A | - | €5,660 | +€5,660 | |
| Gross operating margin | 9900 | €554,887 | €682,129 | +€127,243 | +22.9% |
| Operating profit (loss) | 9901 | -€58,234 | €14,767 | +€73,001 | |
| Financial income | 75/76B | €483 | €1,702 | +€1,219 | +252.6% |
| Recurring financial income | 75 | €483 | €1,702 | +€1,219 | +252.6% |
| Financial charges | 65/66B | €268 | €152 | -€116 | -43.2% |
| Recurring financial charges | 65 | €268 | €152 | -€116 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,019 | €16,316 | +€74,335 | |
| Profit (loss) for the period | 9904 | -€58,019 | €16,316 | +€74,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,019 | €16,316 | +€74,335 |
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 1 October 2026 via checked.be.