SHARE: 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.
SHARE
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€85,239
up €85,239 (+308%), from €27,706 to €112,945
mainly Current investments (+€100,000) and Depreciation (+€2,469)
- Receivables within one year +€4,734
up €4,734 (+15.8%), from €29,895 to €34,629
of which Other amounts receivable: +€9,763
- Tangible fixed assets -€2,469
down €2,469 (-27.4%), from €9,008 to €6,539
of which Furniture and vehicles: -€1,886
- Reserves -€6,349
down €6,349 (-5.2%), from €122,411 to €116,062
- Trade debts -€6,135
down €6,135 (-38.6%), from €15,877 to €9,742
- Gross operating margin -€151,380
down €151,380 (-89.9%), from €168,431 to €17,051
- Taxes -€33,792
down €33,792 (-96.8%), from €34,917 to €1,126
- Staff costs -€30,286
down €30,286 (-56.9%), from €53,230 to €22,944
- Write-downs -€4,755
down €4,755 (-100%), from €4,755 to €0
- Financial income +€3,388
up €3,388 (+764%), from €444 to €3,831
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 | €169,130 | €156,117 | -€13,014 | -7.7% |
| Fixed assets | 21/28 | €9,008 | €6,539 | -€2,469 | -27.4% |
| Tangible fixed assets | 22/27 | €9,008 | €6,539 | -€2,469 | -27.4% |
| Land and buildings | 22 | €2,162 | €2,162 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,222 | €2,638 | -€583 | -18.1% |
| Furniture and vehicles | 24 | €3,625 | €1,739 | -€1,886 | -52.0% |
| Current assets | 29/58 | €160,122 | €149,577 | -€10,545 | -6.6% |
| Stocks and contracts in progress | 3 | €2,521 | €2,003 | -€518 | -20.6% |
| Stocks | 30/36 | €2,521 | €2,003 | -€518 | -20.6% |
| Amounts receivable within one year | 40/41 | €29,895 | €34,629 | +€4,734 | +15.8% |
| Trade receivables | 40 | €21,600 | €16,572 | -€5,028 | -23.3% |
| Other amounts receivable | 41 | €8,295 | €18,057 | +€9,763 | +118% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €27,706 | €112,945 | +€85,239 | +308% |
| Total equity and liabilities | 10/49 | €169,130 | €156,117 | -€13,014 | -7.7% |
| Equity | 10/15 | €141,003 | €134,654 | -€6,349 | -4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €122,411 | €116,062 | -€6,349 | -5.2% |
| Distributable reserves | 133 | €122,411 | €116,062 | -€6,349 | -5.2% |
| Amounts payable | 17/49 | €28,127 | €21,463 | -€6,665 | -23.7% |
| Amounts payable within one year | 42/48 | €28,127 | €21,463 | -€6,665 | -23.7% |
| Trade debts | 44 | €15,877 | €9,742 | -€6,135 | -38.6% |
| Suppliers | 440/4 | €15,877 | €9,742 | -€6,135 | -38.6% |
| Advances received on contracts in progress | 46 | €842 | €842 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,558 | €8,028 | -€530 | -6.2% |
| Taxes | 450/3 | €8,558 | €8,028 | -€530 | -6.2% |
| Other amounts payable | 47/48 | €2,850 | €2,850 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,230 | €22,944 | -€30,286 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,469 | €2,469 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,755 | €0 | -€4,755 | -100% |
| Other operating charges | 640/8 | €572 | €384 | -€187 | -32.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €168,431 | €17,051 | -€151,380 | -89.9% |
| Operating profit (loss) | 9901 | €107,406 | -€8,747 | -€116,152 | |
| Financial income | 75/76B | €444 | €3,831 | +€3,388 | +764% |
| Recurring financial income | 75 | €444 | €3,831 | +€3,388 | +764% |
| Financial charges | 65/66B | €691 | €308 | -€383 | -55.5% |
| Recurring financial charges | 65 | €691 | €308 | -€383 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €107,158 | -€5,223 | -€112,381 | |
| Income taxes | 67/77 | €34,917 | €1,126 | -€33,792 | -96.8% |
| Profit (loss) for the period | 9904 | €72,241 | -€6,349 | -€78,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,241 | -€6,349 | -€78,589 |
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 20 October 2026 via checked.be.