SIXTH GENERATION: 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.
SIXTH GENERATION
Largest movements
- Receivables within one year +€23,226
up €23,226 (+21.4%), from €108,696 to €131,922
of which Trade receivables: +€45,373
- Cash -€2,791
down €2,791 (-26.6%), from €10,501 to €7,710
mainly Net result for the year (-€116,798) and Receivables within one year (-€23,226)
- Profit (loss) carried forward -€116,798
down €116,798 (-30.9%), from -€377,720 to -€494,518
- Other debts +€111,864
up €111,864 (+29.2%), from €382,881 to €494,745
- Tax, wage and social debts +€20,154
up €20,154 (+171.5%), from €11,753 to €31,907
of which Taxes: +€17,089
- Trade debts +€6,339
up €6,339 (+15.0%), from €42,216 to €48,554
- Staff costs +€23,411
up €23,411 (+24.1%), from €97,339 to €120,749
- Gross operating margin +€22,985
up €22,985 (+330.4%), from €6,958 to €29,943
- Turnover -€15,263
down €15,263 (-4.5%), from €338,139 to €322,876
- Purchases and services +€8,152
up €8,152 (+2.9%), from €284,782 to €292,933
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 | €121,140 | €142,699 | +€21,558 | +17.8% |
| Fixed assets | 21/28 | - | €504 | +€504 | |
| Tangible fixed assets | 22/27 | - | €504 | +€504 | |
| Plant, machinery and equipment | 23 | - | €504 | +€504 | |
| Current assets | 29/58 | €121,140 | €142,195 | +€21,054 | +17.4% |
| Amounts receivable within one year | 40/41 | €108,696 | €131,922 | +€23,226 | +21.4% |
| Trade receivables | 40 | €86,549 | €131,922 | +€45,373 | +52.4% |
| Other amounts receivable | 41 | €22,146 | - | -€22,146 | |
| Cash at bank and in hand | 54/58 | €10,501 | €7,710 | -€2,791 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,563 | +€619 | +31.9% |
| Total equity and liabilities | 10/49 | €121,140 | €142,699 | +€21,558 | +17.8% |
| Equity | 10/15 | -€315,710 | -€432,508 | -€116,798 | -37.0% |
| Contributions | 10/11 | €62,010 | €62,010 | = | 0.0% |
| Capital | 10 | €62,010 | €62,010 | = | 0.0% |
| Issued capital | 100 | €62,010 | €62,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,720 | -€494,518 | -€116,798 | -30.9% |
| Amounts payable | 17/49 | €436,850 | €575,207 | +€138,357 | +31.7% |
| Amounts payable within one year | 42/48 | €436,850 | €575,207 | +€138,357 | +31.7% |
| Trade debts | 44 | €42,216 | €48,554 | +€6,339 | +15.0% |
| Suppliers | 440/4 | €42,216 | €48,554 | +€6,339 | +15.0% |
| Taxes, remuneration and social security | 45 | €11,753 | €31,907 | +€20,154 | +171.5% |
| Taxes | 450/3 | €487 | €17,576 | +€17,089 | +3507.6% |
| Remuneration and social security | 454/9 | €11,266 | €14,331 | +€3,065 | +27.2% |
| Other amounts payable | 47/48 | €382,881 | €494,745 | +€111,864 | +29.2% |
| Turnover | 70 | €338,139 | €322,876 | -€15,263 | -4.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €284,782 | €292,933 | +€8,152 | +2.9% |
| Remuneration, social security and pensions | 62 | €97,339 | €120,749 | +€23,411 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €231 | +€231 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,300 | - | +€2,300 | |
| Other operating charges | 640/8 | €1,354 | €1,463 | +€109 | +8.0% |
| Gross operating margin | 9900 | €6,958 | €29,943 | +€22,985 | +330.4% |
| Operating profit (loss) | 9901 | -€89,436 | -€92,500 | -€3,064 | -3.4% |
| Financial income | 75/76B | €275 | €6 | -€269 | -97.8% |
| Recurring financial income | 75 | €275 | €6 | -€269 | -97.8% |
| Financial charges | 65/66B | €20,705 | €23,873 | +€3,168 | +15.3% |
| Recurring financial charges | 65 | €20,705 | €23,873 | +€3,168 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€109,865 | -€116,366 | -€6,501 | -5.9% |
| Income taxes | 67/77 | €487 | €432 | -€55 | -11.4% |
| Profit (loss) for the period | 9904 | -€110,352 | -€116,798 | -€6,446 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,352 | -€116,798 | -€6,446 | -5.8% |
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 30 September 2026 via checked.be.