Sideways: what changed
Sideways
Largest movements
- Receivables within one year +€10,260
up €10,260 (+126%), from €8,124 to €18,384
of which Trade receivables: +€10,266
- Tangible fixed assets -€6,943
down €6,943 (-33.0%), from €21,019 to €14,076
of which Furniture and vehicles: -€6,474
- Cash -€427
down €427 (-4.8%), from €8,845 to €8,418
mainly Receivables within one year (-€10,260) and Tax, wage and social debts (-€1,808)
- Accrued charges and deferred income +€4,663
up €4,663 (+50.7%), from €9,202 to €13,865
- Tax, wage and social debts -€1,808
down €1,808 (-20.5%), from €8,817 to €7,009
of which Remuneration and social security: -€2,500
- Profit (loss) carried forward -€1,653
down €1,653 (-38.1%), from -€4,336 to -€5,989
- Trade debts +€1,110
up €1,110 (+13.2%), from €8,430 to €9,540
- Other debts +€725
up €725 (+28.3%), from €2,559 to €3,284
- Gross operating margin +€3,275
up €3,275 (+36.2%), from €9,053 to €12,328
- Taxes +€932
up €932 (+78.3%), from €1,190 to €2,122
- Write-downs -€663
no longer reported in 2025 (was €663)
- Other operating charges +€275
up €275 (+18.8%), from €1,465 to €1,740
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,634 | €42,321 | +€2,687 | +6.8% |
| Fixed assets | 21/28 | €21,019 | €14,076 | -€6,943 | -33.0% |
| Tangible fixed assets | 22/27 | €21,019 | €14,076 | -€6,943 | -33.0% |
| Furniture and vehicles | 24 | €17,666 | €11,192 | -€6,474 | -36.6% |
| Other tangible fixed assets | 26 | €3,353 | €2,884 | -€469 | -14.0% |
| Current assets | 29/58 | €18,615 | €28,245 | +€9,630 | +51.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,124 | €18,384 | +€10,260 | +126% |
| Trade receivables | 40 | €6,309 | €16,575 | +€10,266 | +163% |
| Other amounts receivable | 41 | €1,815 | €1,809 | -€6 | -0.3% |
| Cash at bank and in hand | 54/58 | €8,845 | €8,418 | -€427 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,646 | €1,443 | -€203 | -12.3% |
| Total equity and liabilities | 10/49 | €39,634 | €42,321 | +€2,687 | +6.8% |
| Equity | 10/15 | €10,276 | €8,623 | -€1,653 | -16.1% |
| Contributions | 10/11 | €11,752 | €11,752 | = | 0.0% |
| Reserves | 13 | €2,860 | €2,860 | = | 0.0% |
| Distributable reserves | 133 | €2,860 | €2,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,336 | -€5,989 | -€1,653 | -38.1% |
| Amounts payable | 17/49 | €29,358 | €33,698 | +€4,340 | +14.8% |
| Amounts payable within one year | 42/48 | €20,156 | €19,833 | -€323 | -1.6% |
| Trade debts | 44 | €8,430 | €9,540 | +€1,110 | +13.2% |
| Suppliers | 440/4 | €8,430 | €9,540 | +€1,110 | +13.2% |
| Advances received on contracts in progress | 46 | €350 | - | -€350 | |
| Taxes, remuneration and social security | 45 | €8,817 | €7,009 | -€1,808 | -20.5% |
| Taxes | 450/3 | €6,317 | €7,009 | +€692 | +11.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €2,559 | €3,284 | +€725 | +28.3% |
| Accrued charges and deferred income | 492/3 | €9,202 | €13,865 | +€4,663 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,520 | €8,490 | -€30 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €663 | - | -€663 | |
| Other operating charges | 640/8 | €1,465 | €1,740 | +€275 | +18.8% |
| Non-recurring operating charges | 66A | €1,667 | €1,486 | -€181 | -10.9% |
| Gross operating margin | 9900 | €9,053 | €12,328 | +€3,275 | +36.2% |
| Operating profit (loss) | 9901 | -€3,262 | €612 | +€3,874 | |
| Financial charges | 65/66B | €136 | €143 | +€7 | +5.1% |
| Recurring financial charges | 65 | €136 | €143 | +€7 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,398 | €469 | +€3,867 | |
| Income taxes | 67/77 | €1,190 | €2,122 | +€932 | +78.3% |
| Profit (loss) for the period | 9904 | -€4,588 | -€1,653 | +€2,935 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,588 | -€1,653 | +€2,935 | +64.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.