Sins: 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.
Sins
Largest movements
- Stocks and contracts -€698
down €698 (-10.6%), from €6,608 to €5,910
- Cash -€455
down €455 (-12.1%), from €3,759 to €3,305
mainly Net result for the year (-€1,462) and Trade debts (-€115)
- Tangible fixed assets -€423
down €423 (-53.5%), from €790 to €367
- Profit (loss) carried forward -€1,462
down €1,462 (-39.6%), from -€3,694 to -€5,156
- Trade debts -€115
down €115 (-55.9%), from €206 to €91
- Gross operating margin +€2,245
up €2,245 (+70.9%), from -€3,166 to -€920
- Financial charges +€69
up €69 (+139.0%), from €50 to €119
of which Financial charges: +€69
- Depreciation -€56
down €56 (-11.6%), from €478 to €423
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 | €11,157 | €9,582 | -€1,575 | -14.1% |
| Fixed assets | 21/28 | €790 | €367 | -€423 | -53.5% |
| Tangible fixed assets | 22/27 | €790 | €367 | -€423 | -53.5% |
| Plant, machinery and equipment | 23 | €790 | €367 | -€423 | -53.5% |
| Current assets | 29/58 | €10,367 | €9,215 | -€1,152 | -11.1% |
| Stocks and contracts in progress | 3 | €6,608 | €5,910 | -€698 | -10.6% |
| Stocks | 30/36 | €6,608 | €5,910 | -€698 | -10.6% |
| Cash at bank and in hand | 54/58 | €3,759 | €3,305 | -€455 | -12.1% |
| Total equity and liabilities | 10/49 | €11,157 | €9,582 | -€1,575 | -14.1% |
| Equity | 10/15 | €9,306 | €7,844 | -€1,462 | -15.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,694 | -€5,156 | -€1,462 | -39.6% |
| Amounts payable | 17/49 | €1,850 | €1,737 | -€113 | -6.1% |
| Amounts payable within one year | 42/48 | €316 | €203 | -€113 | -35.8% |
| Trade debts | 44 | €206 | €91 | -€115 | -55.9% |
| Suppliers | 440/4 | €206 | €91 | -€115 | -55.9% |
| Taxes, remuneration and social security | 45 | €110 | €112 | +€2 | +2.0% |
| Taxes | 450/3 | €110 | €112 | +€2 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,535 | €1,535 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €423 | -€56 | -11.6% |
| Gross operating margin | 9900 | -€3,166 | -€920 | +€2,245 | +70.9% |
| Operating profit (loss) | 9901 | -€3,644 | -€1,343 | +€2,301 | +63.1% |
| Financial charges | 65/66B | €50 | €119 | +€69 | +139.0% |
| Recurring financial charges | 65 | €50 | €119 | +€69 | +139.0% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€3,694 | -€1,462 | +€2,232 | +60.4% |
| Profit (loss) for the period | 9904 | -€3,694 | -€1,462 | +€2,232 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,694 | -€1,462 | +€2,232 | +60.4% |
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.