SIMPLE MANAGEMENT: 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.
SIMPLE MANAGEMENT
Largest movements
- Receivables within one year -€8,745
down €8,745 (-59.4%), from €14,718 to €5,973
of which Trade receivables: -€14,476
- Cash -€8,265
down €8,265 (-10.7%), from €77,171 to €68,906
mainly Tax, wage and social debts (-€17,534) and Other debts (-€5,747)
- Tax, wage and social debts -€17,534
down €17,534 (-72.0%), from €24,357 to €6,823
- Reserves +€7,875
up €7,875 (+2.0%), from €400,548 to €408,423
of which Distributable reserves: +€7,875
- Other debts -€5,747
down €5,747 (-51.6%), from €11,134 to €5,387
- Gross operating margin -€95,740
down €95,740, from €81,404 to -€14,336
- Taxes -€25,100
down €25,100 (-95.7%), from €26,234 to €1,135
- Financial income -€7,486
down €7,486 (-20.8%), from €35,970 to €28,484
- Financial charges -€4,863
down €4,863 (-65.0%), from €7,484 to €2,621
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 | €454,759 | €439,375 | -€15,384 | -3.4% |
| Fixed assets | 21/28 | €5,969 | €4,823 | -€1,146 | -19.2% |
| Tangible fixed assets | 22/27 | €5,969 | €4,823 | -€1,146 | -19.2% |
| Furniture and vehicles | 24 | €5,969 | €4,823 | -€1,146 | -19.2% |
| Current assets | 29/58 | €448,790 | €434,553 | -€14,238 | -3.2% |
| Amounts receivable within one year | 40/41 | €14,718 | €5,973 | -€8,745 | -59.4% |
| Trade receivables | 40 | €14,717 | €241 | -€14,476 | -98.4% |
| Other amounts receivable | 41 | €1 | €5,732 | +€5,731 | +494049.1% |
| Current investments | 50/53 | €355,809 | €358,738 | +€2,929 | +0.8% |
| Cash at bank and in hand | 54/58 | €77,171 | €68,906 | -€8,265 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,093 | €936 | -€157 | -14.3% |
| Total equity and liabilities | 10/49 | €454,759 | €439,375 | -€15,384 | -3.4% |
| Equity | 10/15 | €419,148 | €427,023 | +€7,875 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,548 | €408,423 | +€7,875 | +2.0% |
| Tax-exempt reserves | 132 | €1,820 | €1,820 | = | 0.0% |
| Distributable reserves | 133 | €398,728 | €406,603 | +€7,875 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,612 | €12,352 | -€23,259 | -65.3% |
| Amounts payable within one year | 42/48 | €35,612 | €12,352 | -€23,259 | -65.3% |
| Trade debts | 44 | €120 | €142 | +€22 | +18.4% |
| Suppliers | 440/4 | €120 | €142 | +€22 | +18.4% |
| Taxes, remuneration and social security | 45 | €24,357 | €6,823 | -€17,534 | -72.0% |
| Taxes | 450/3 | €24,357 | €6,823 | -€17,534 | -72.0% |
| Other amounts payable | 47/48 | €11,134 | €5,387 | -€5,747 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €1,146 | -€48 | -4.0% |
| Other operating charges | 640/8 | €1,068 | €1,371 | +€303 | +28.4% |
| Gross operating margin | 9900 | €81,404 | -€14,336 | -€95,740 | |
| Operating profit (loss) | 9901 | €79,143 | -€16,853 | -€95,996 | |
| Financial income | 75/76B | €35,970 | €28,484 | -€7,486 | -20.8% |
| Recurring financial income | 75 | €35,970 | €28,484 | -€7,486 | -20.8% |
| Financial charges | 65/66B | €7,484 | €2,621 | -€4,863 | -65.0% |
| Recurring financial charges | 65 | €7,484 | €2,621 | -€4,863 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €107,629 | €9,010 | -€98,619 | -91.6% |
| Income taxes | 67/77 | €26,234 | €1,135 | -€25,100 | -95.7% |
| Profit (loss) for the period | 9904 | €81,395 | €7,875 | -€73,519 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,395 | €7,875 | -€73,519 | -90.3% |
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 28 September 2026 via checked.be.