SHAPE YOUR FUTURE: 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.
SHAPE YOUR FUTURE
Largest movements
- Receivables within one year -€13,013
down €13,013 (-67.5%), from €19,285 to €6,272
of which Trade receivables: -€6,982
- Cash -€5,591
down €5,591 (-16.4%), from €34,178 to €28,587
mainly Other debts (-€11,050) and Debts after one year (-€2,492)
- Intangible fixed assets -€1,353
down €1,353 (-29.4%), from €4,594 to €3,242
- Tangible fixed assets +€915
up €915 (+53.3%), from €1,715 to €2,629
- Deferred charges and accrued income -€669
down €669 (-29.6%), from €2,257 to €1,589
- Other debts -€11,050
no longer reported in 2025 (was €11,050)
- Debts after one year -€2,492
down €2,492 (-32.4%), from €7,685 to €5,193
- Trade debts -€2,140
no longer reported in 2025 (was €2,140)
- Short-term financial debts -€1,876
no longer reported in 2025 (was €1,876)
- Tax, wage and social debts -€1,470
down €1,470 (-23.4%), from €6,293 to €4,823
- Gross operating margin -€21,042
down €21,042 (-83.9%), from €25,077 to €4,034
- Taxes -€4,125
down €4,125 (-82.5%), from €5,002 to €878
- Depreciation -€3,096
down €3,096 (-55.0%), from €5,624 to €2,528
- Other operating charges -€384
down €384 (-34.6%), from €1,109 to €725
- Financial income -€327
down €327 (-72.6%), from €450 to €123
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 | €62,029 | €42,318 | -€19,711 | -31.8% |
| Fixed assets | 21/28 | €6,309 | €5,871 | -€438 | -6.9% |
| Intangible fixed assets | 21 | €4,594 | €3,242 | -€1,353 | -29.4% |
| Tangible fixed assets | 22/27 | €1,715 | €2,629 | +€915 | +53.3% |
| Furniture and vehicles | 24 | €1,715 | €2,629 | +€915 | +53.3% |
| Current assets | 29/58 | €55,720 | €36,447 | -€19,272 | -34.6% |
| Amounts receivable within one year | 40/41 | €19,285 | €6,272 | -€13,013 | -67.5% |
| Trade receivables | 40 | €11,320 | €4,338 | -€6,982 | -61.7% |
| Other amounts receivable | 41 | €7,965 | €1,934 | -€6,031 | -75.7% |
| Cash at bank and in hand | 54/58 | €34,178 | €28,587 | -€5,591 | -16.4% |
| Deferred charges and accrued income | 490/1 | €2,257 | €1,589 | -€669 | -29.6% |
| Total equity and liabilities | 10/49 | €62,029 | €42,318 | -€19,711 | -31.8% |
| Equity | 10/15 | €28,731 | €28,277 | -€454 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,271 | €7,817 | -€454 | -5.5% |
| Amounts payable | 17/49 | €33,298 | €14,041 | -€19,257 | -57.8% |
| Amounts payable after more than one year | 17 | €7,685 | €5,193 | -€2,492 | -32.4% |
| Financial debts | 170/4 | €7,685 | €5,193 | -€2,492 | -32.4% |
| Amounts payable within one year | 42/48 | €25,613 | €8,849 | -€16,765 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €4,255 | €4,026 | -€228 | -5.4% |
| Financial debts | 43 | €1,876 | - | -€1,876 | |
| Credit institutions | 430/8 | €1,876 | - | -€1,876 | |
| Trade debts | 44 | €2,140 | - | -€2,140 | |
| Suppliers | 440/4 | €2,140 | - | -€2,140 | |
| Taxes, remuneration and social security | 45 | €6,293 | €4,823 | -€1,470 | -23.4% |
| Taxes | 450/3 | €6,293 | €4,823 | -€1,470 | -23.4% |
| Other amounts payable | 47/48 | €11,050 | - | -€11,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €2,528 | -€3,096 | -55.0% |
| Other operating charges | 640/8 | €1,109 | €725 | -€384 | -34.6% |
| Gross operating margin | 9900 | €25,077 | €4,034 | -€21,042 | -83.9% |
| Operating profit (loss) | 9901 | €18,344 | €781 | -€17,563 | -95.7% |
| Financial income | 75/76B | €450 | €123 | -€327 | -72.6% |
| Recurring financial income | 75 | €450 | €123 | -€327 | -72.6% |
| Financial charges | 65/66B | €300 | €481 | +€180 | +60.0% |
| Recurring financial charges | 65 | €300 | €481 | +€180 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €18,494 | €424 | -€18,070 | -97.7% |
| Income taxes | 67/77 | €5,002 | €878 | -€4,125 | -82.5% |
| Profit (loss) for the period | 9904 | €13,492 | -€454 | -€13,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,492 | -€454 | -€13,946 |
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 9 October 2026 via checked.be.