Sign Box: 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.
Sign Box
Largest movements
- Receivables within one year -€6,745
down €6,745 (-88.8%), from €7,595 to €850
of which Trade receivables: -€6,954
- Tangible fixed assets -€2,225
down €2,225 (-25.4%), from €8,750 to €6,526
of which Leasing and similar rights: -€4,724
- Profit (loss) carried forward -€6,864
down €6,864 (-12.2%), from -€56,349 to -€63,212
- Other debts +€2,804
up €2,804 (+5.1%), from €54,731 to €57,535
- Current portion of long-term debt -€2,567
no longer reported in 2025 (was €2,567)
- Trade debts -€1,726
down €1,726 (-35.8%), from €4,825 to €3,099
- Tax, wage and social debts -€506
down €506 (-50.9%), from €995 to €489
- Financial charges -€521
down €521 (-65.7%), from €793 to €272
- Gross operating margin +€357
up €357 (+28.7%), from -€1,241 to -€885
- Depreciation +€291
up €291 (+6.4%), from €4,511 to €4,802
- Other operating charges +€54
up €54 (+7.6%), from €712 to €766
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 | €18,269 | €9,410 | -€8,859 | -48.5% |
| Fixed assets | 21/28 | €9,250 | €7,026 | -€2,225 | -24.1% |
| Tangible fixed assets | 22/27 | €8,750 | €6,526 | -€2,225 | -25.4% |
| Plant, machinery and equipment | 23 | €4,026 | €2,386 | -€1,640 | -40.7% |
| Furniture and vehicles | 24 | - | €4,139 | +€4,139 | |
| Leasing and similar rights | 25 | €4,724 | - | -€4,724 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €9,019 | €2,384 | -€6,635 | -73.6% |
| Amounts receivable within one year | 40/41 | €7,595 | €850 | -€6,745 | -88.8% |
| Trade receivables | 40 | €7,595 | €641 | -€6,954 | -91.6% |
| Other amounts receivable | 41 | - | €208 | +€208 | |
| Cash at bank and in hand | 54/58 | €373 | €445 | +€71 | +19.1% |
| Deferred charges and accrued income | 490/1 | €1,051 | €1,090 | +€39 | +3.7% |
| Total equity and liabilities | 10/49 | €18,269 | €9,410 | -€8,859 | -48.5% |
| Equity | 10/15 | -€44,849 | -€51,712 | -€6,864 | -15.3% |
| Contributions | 10/11 | €9,640 | €9,640 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,349 | -€63,212 | -€6,864 | -12.2% |
| Amounts payable | 17/49 | €63,118 | €61,123 | -€1,996 | -3.2% |
| Amounts payable within one year | 42/48 | €63,118 | €61,123 | -€1,996 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €2,567 | - | -€2,567 | |
| Trade debts | 44 | €4,825 | €3,099 | -€1,726 | -35.8% |
| Suppliers | 440/4 | €4,825 | €3,099 | -€1,726 | -35.8% |
| Taxes, remuneration and social security | 45 | €995 | €489 | -€506 | -50.9% |
| Taxes | 450/3 | €995 | €489 | -€506 | -50.9% |
| Other amounts payable | 47/48 | €54,731 | €57,535 | +€2,804 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,511 | €4,802 | +€291 | +6.4% |
| Other operating charges | 640/8 | €712 | €766 | +€54 | +7.6% |
| Gross operating margin | 9900 | -€1,241 | -€885 | +€357 | +28.7% |
| Operating profit (loss) | 9901 | -€6,464 | -€6,453 | +€11 | +0.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €793 | €272 | -€521 | -65.7% |
| Recurring financial charges | 65 | €793 | €272 | -€521 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,255 | -€6,725 | +€530 | +7.3% |
| Income taxes | 67/77 | €149 | €139 | -€10 | -7.0% |
| Profit (loss) for the period | 9904 | -€7,404 | -€6,864 | +€540 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,404 | -€6,864 | +€540 | +7.3% |
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 7 October 2026 via checked.be.