ShiftAltChange: 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.
ShiftAltChange
Largest movements
- Cash -€22,303
down €22,303 (-46.6%), from €47,853 to €25,550
mainly Tax, wage and social debts (-€39,841) and Receivables within one year (-€21,943)
- Receivables within one year +€21,943
up €21,943 (+85.1%), from €25,799 to €47,741
of which Other amounts receivable: +€32,414
- Tax, wage and social debts -€39,841
down €39,841 (-81.6%), from €48,840 to €8,999
- Short-term financial debts +€24,139
new in 2025: €24,139
- Debts after one year +€15,075
new in 2025: €15,075
- Current portion of long-term debt +€11,551
new in 2025: €11,551
- Profit (loss) carried forward -€8,230
new in 2025: -€8,230
- Gross operating margin -€84,901
down €84,901 (-97.5%), from €87,039 to €2,139
- Taxes -€22,713
down €22,713 (-94.0%), from €24,157 to €1,444
- Depreciation +€4,623
up €4,623 (+352.7%), from €1,311 to €5,934
- Financial charges +€2,142
up €2,142 (+142.0%), from €1,508 to €3,650
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 | €118,997 | €119,057 | +€60 | +0.1% |
| Fixed assets | 21/28 | €45,293 | €45,733 | +€439 | +1.0% |
| Tangible fixed assets | 22/27 | €45,293 | €45,733 | +€439 | +1.0% |
| Plant, machinery and equipment | 23 | €4,546 | €3,535 | -€1,012 | -22.2% |
| Furniture and vehicles | 24 | €10,370 | €14,343 | +€3,973 | +38.3% |
| Other tangible fixed assets | 26 | €30,377 | €27,855 | -€2,522 | -8.3% |
| Current assets | 29/58 | €73,704 | €73,325 | -€379 | -0.5% |
| Amounts receivable within one year | 40/41 | €25,799 | €47,741 | +€21,943 | +85.1% |
| Trade receivables | 40 | €23,392 | €12,921 | -€10,471 | -44.8% |
| Other amounts receivable | 41 | €2,407 | €34,821 | +€32,414 | +1346.6% |
| Cash at bank and in hand | 54/58 | €47,853 | €25,550 | -€22,303 | -46.6% |
| Deferred charges and accrued income | 490/1 | €52 | €33 | -€19 | -36.6% |
| Total equity and liabilities | 10/49 | €118,997 | €119,057 | +€60 | +0.1% |
| Equity | 10/15 | €63,038 | €54,808 | -€8,230 | -13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,038 | €60,038 | = | 0.0% |
| Distributable reserves | 133 | €60,038 | €60,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,230 | -€8,230 | |
| Amounts payable | 17/49 | €55,960 | €64,249 | +€8,290 | +14.8% |
| Amounts payable after more than one year | 17 | - | €15,075 | +€15,075 | |
| Financial debts | 170/4 | - | €15,075 | +€15,075 | |
| Amounts payable within one year | 42/48 | €55,960 | €49,174 | -€6,785 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,551 | +€11,551 | |
| Financial debts | 43 | - | €24,139 | +€24,139 | |
| Credit institutions | 430/8 | - | €24,139 | +€24,139 | |
| Trade debts | 44 | €7,119 | €4,484 | -€2,635 | -37.0% |
| Suppliers | 440/4 | €7,119 | €4,484 | -€2,635 | -37.0% |
| Taxes, remuneration and social security | 45 | €48,840 | €8,999 | -€39,841 | -81.6% |
| Taxes | 450/3 | €48,840 | €8,999 | -€39,841 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €5,934 | +€4,623 | +352.7% |
| Other operating charges | 640/8 | €157 | €291 | +€134 | +85.7% |
| Gross operating margin | 9900 | €87,039 | €2,139 | -€84,901 | -97.5% |
| Operating profit (loss) | 9901 | €85,572 | -€4,087 | -€89,658 | |
| Financial income | 75/76B | €130 | €951 | +€821 | +628.8% |
| Recurring financial income | 75 | €130 | €951 | +€821 | +628.8% |
| Financial charges | 65/66B | €1,508 | €3,650 | +€2,142 | +142.0% |
| Recurring financial charges | 65 | €1,508 | €3,650 | +€2,142 | +142.0% |
| Profit (loss) for the period before taxes | 9903 | €84,194 | -€6,786 | -€90,980 | |
| Income taxes | 67/77 | €24,157 | €1,444 | -€22,713 | -94.0% |
| Profit (loss) for the period | 9904 | €60,038 | -€8,230 | -€68,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,038 | -€8,230 | -€68,267 |
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 8 October 2026 via checked.be.