SHOW PAIN: 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 PAIN
Largest movements
- Cash -€17,240
down €17,240 (-87.6%), from €19,687 to €2,447
mainly Trade debts (-€16,841) and Net result for the year (-€12,185)
- Receivables within one year -€12,019
down €12,019 (-29.6%), from €40,667 to €28,648
of which Trade receivables: -€9,947
- Intangible fixed assets -€6,600
down €6,600 (-57.1%), from €11,550 to €4,950
- Tangible fixed assets -€3,175
down €3,175 (-53.7%), from €5,914 to €2,739
of which Plant, machinery and equipment: -€1,852
- Trade debts -€16,841
down €16,841 (-78.4%), from €21,471 to €4,630
- Profit (loss) carried forward -€12,185
down €12,185 (-81.2%), from €15,000 to €2,815
- Tax, wage and social debts -€10,181
down €10,181 (-60.8%), from €16,746 to €6,565
of which Remuneration and social security: -€8,739
- Gross operating margin +€17,658
up €17,658 (+28.8%), from €61,411 to €79,068
- Staff costs +€17,239
up €17,239 (+27.3%), from €63,174 to €80,413
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 | €87,799 | €48,292 | -€39,507 | -45.0% |
| Fixed assets | 21/28 | €23,932 | €14,157 | -€9,775 | -40.8% |
| Intangible fixed assets | 21 | €11,550 | €4,950 | -€6,600 | -57.1% |
| Tangible fixed assets | 22/27 | €5,914 | €2,739 | -€3,175 | -53.7% |
| Plant, machinery and equipment | 23 | €4,013 | €2,160 | -€1,852 | -46.2% |
| Furniture and vehicles | 24 | €1,902 | €579 | -€1,322 | -69.5% |
| Financial fixed assets | 28 | €6,468 | €6,468 | = | 0.0% |
| Current assets | 29/58 | €63,867 | €34,135 | -€29,732 | -46.6% |
| Stocks and contracts in progress | 3 | €2,790 | €3,040 | +€250 | +9.0% |
| Stocks | 30/36 | €2,790 | €3,040 | +€250 | +9.0% |
| Amounts receivable within one year | 40/41 | €40,667 | €28,648 | -€12,019 | -29.6% |
| Trade receivables | 40 | €28,299 | €18,353 | -€9,947 | -35.1% |
| Other amounts receivable | 41 | €12,368 | €10,296 | -€2,072 | -16.8% |
| Cash at bank and in hand | 54/58 | €19,687 | €2,447 | -€17,240 | -87.6% |
| Deferred charges and accrued income | 490/1 | €723 | - | -€723 | |
| Total equity and liabilities | 10/49 | €87,799 | €48,292 | -€39,507 | -45.0% |
| Equity | 10/15 | €49,282 | €37,097 | -€12,185 | -24.7% |
| Contributions | 10/11 | €20,980 | €20,980 | = | 0.0% |
| Reserves | 13 | €13,302 | €13,302 | = | 0.0% |
| Distributable reserves | 133 | €13,302 | €13,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,000 | €2,815 | -€12,185 | -81.2% |
| Amounts payable | 17/49 | €38,517 | €11,195 | -€27,322 | -70.9% |
| Amounts payable within one year | 42/48 | €38,517 | €11,195 | -€27,322 | -70.9% |
| Trade debts | 44 | €21,471 | €4,630 | -€16,841 | -78.4% |
| Suppliers | 440/4 | €21,471 | €4,630 | -€16,841 | -78.4% |
| Taxes, remuneration and social security | 45 | €16,746 | €6,565 | -€10,181 | -60.8% |
| Taxes | 450/3 | €1,442 | - | -€1,442 | |
| Remuneration and social security | 454/9 | €15,304 | €6,565 | -€8,739 | -57.1% |
| Other amounts payable | 47/48 | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €63,174 | €80,413 | +€17,239 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,747 | €9,775 | +€28 | +0.3% |
| Other operating charges | 640/8 | €694 | €704 | +€10 | +1.5% |
| Gross operating margin | 9900 | €61,411 | €79,068 | +€17,658 | +28.8% |
| Operating profit (loss) | 9901 | -€12,204 | -€11,823 | +€381 | +3.1% |
| Financial income | 75/76B | €1 | €2 | +€1 | +116% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +116% |
| Financial charges | 65/66B | €252 | €364 | +€112 | +44.7% |
| Recurring financial charges | 65 | €252 | €364 | +€112 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,454 | -€12,185 | +€270 | +2.2% |
| Profit (loss) for the period | 9904 | -€12,454 | -€12,185 | +€270 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,454 | -€12,185 | +€270 | +2.2% |
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 27 October 2026 via checked.be.