SHOW-CASE: 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.
SHOW-CASE
Largest movements
- Cash -€15,452
down €15,452 (-14.5%), from €106,682 to €91,230
mainly Net result for the year (-€29,142) and Tax, wage and social debts (-€11,243)
- Tangible fixed assets -€6,135
down €6,135 (-46.4%), from €13,231 to €7,095
of which Leasing and similar rights: -€9,665
- Profit (loss) carried forward -€29,142
down €29,142 (-13.3%), from €218,397 to €189,256
- Other debts +€25,605
up €25,605 (+21.6%), from €118,684 to €144,289
- Tax, wage and social debts -€11,243
down €11,243 (-88.0%), from €12,781 to €1,538
- Gross operating margin -€45,282
down €45,282, from €33,878 to -€11,404
- Write-downs -€3,378
down €3,378 (-38.0%), from €8,880 to €5,502
- Taxes -€1,693
down €1,693 (-80.3%), from €2,109 to €416
- Depreciation +€1,474
up €1,474 (+20.1%), from €7,322 to €8,796
- Financial charges -€1,377
down €1,377 (-54.2%), from €2,541 to €1,164
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 | €564,678 | €547,286 | -€17,392 | -3.1% |
| Fixed assets | 21/28 | €14,964 | €8,828 | -€6,135 | -41.0% |
| Tangible fixed assets | 22/27 | €13,231 | €7,095 | -€6,135 | -46.4% |
| Furniture and vehicles | 24 | €3,565 | €7,095 | +€3,530 | +99.0% |
| Leasing and similar rights | 25 | €9,665 | €0 | -€9,665 | -100% |
| Financial fixed assets | 28 | €1,733 | €1,733 | = | 0.0% |
| Current assets | 29/58 | €549,714 | €538,458 | -€11,256 | -2.0% |
| Stocks and contracts in progress | 3 | €434,713 | €440,102 | +€5,389 | +1.2% |
| Stocks | 30/36 | €434,713 | €440,102 | +€5,389 | +1.2% |
| Amounts receivable within one year | 40/41 | €6,934 | €6,737 | -€197 | -2.8% |
| Trade receivables | 40 | €5,216 | €6,480 | +€1,264 | +24.2% |
| Other amounts receivable | 41 | €1,718 | €257 | -€1,461 | -85.0% |
| Cash at bank and in hand | 54/58 | €106,682 | €91,230 | -€15,452 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,385 | €389 | -€996 | -71.9% |
| Total equity and liabilities | 10/49 | €564,678 | €547,286 | -€17,392 | -3.1% |
| Equity | 10/15 | €413,519 | €384,377 | -€29,142 | -7.0% |
| Contributions | 10/11 | €11,155 | €11,155 | = | 0.0% |
| Reserves | 13 | €183,966 | €183,966 | = | 0.0% |
| Distributable reserves | 133 | €183,966 | €183,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,397 | €189,256 | -€29,142 | -13.3% |
| Amounts payable | 17/49 | €151,159 | €162,909 | +€11,750 | +7.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €151,159 | €162,909 | +€11,750 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €4,761 | €0 | -€4,761 | -100% |
| Trade debts | 44 | €14,933 | €17,082 | +€2,149 | +14.4% |
| Suppliers | 440/4 | €14,933 | €17,082 | +€2,149 | +14.4% |
| Taxes, remuneration and social security | 45 | €12,781 | €1,538 | -€11,243 | -88.0% |
| Taxes | 450/3 | €12,781 | €1,538 | -€11,243 | -88.0% |
| Other amounts payable | 47/48 | €118,684 | €144,289 | +€25,605 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,322 | €8,796 | +€1,474 | +20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,880 | €5,502 | -€3,378 | -38.0% |
| Other operating charges | 640/8 | €1,810 | €1,861 | +€50 | +2.8% |
| Gross operating margin | 9900 | €33,878 | -€11,404 | -€45,282 | |
| Operating profit (loss) | 9901 | €15,865 | -€27,563 | -€43,428 | |
| Financial income | 75/76B | €4 | €2 | -€2 | -60.7% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -60.7% |
| Financial charges | 65/66B | €2,541 | €1,164 | -€1,377 | -54.2% |
| Recurring financial charges | 65 | €2,541 | €1,164 | -€1,377 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €13,328 | -€28,725 | -€42,053 | |
| Income taxes | 67/77 | €2,109 | €416 | -€1,693 | -80.3% |
| Profit (loss) for the period | 9904 | €11,219 | -€29,142 | -€40,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,219 | -€29,142 | -€40,360 |
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 14 October 2026 via checked.be.