SMASHING WINDOWS: what changed
Two financial 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.
SMASHING WINDOWS
Largest movements
- Cash -€17,796
down €17,796 (-78.5%), from €22,676 to €4,880
mainly Receivables within one year (-€12,023) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€12,023
up €12,023 (+27.2%), from €44,214 to €56,236
of which Trade receivables: +€11,404
- Reserves -€10,000
down €10,000 (-37.2%), from €26,860 to €16,860
of which Distributable reserves: -€10,000
- Trade debts +€4,430
up €4,430 (+25.0%), from €17,723 to €22,152
- Gross operating margin -€9,710
down €9,710 (-73.5%), from €13,218 to €3,508
- Depreciation -€3,666
down €3,666 (-68.1%), from €5,383 to €1,717
- Other operating charges -€949
down €949 (-42.5%), from €2,233 to €1,284
- Taxes -€482
down €482 (-96.3%), from €500 to €18
- Financial charges +€376
up €376 (+678%), from €55 to €431
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.
Derived cash bridge
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 | €69,141 | €63,592 | -€5,550 | -8.0% |
| Fixed assets | 21/28 | €2,066 | €2,073 | +€7 | +0.3% |
| Tangible fixed assets | 22/27 | €2,066 | €2,073 | +€7 | +0.3% |
| Plant, machinery and equipment | 23 | €1,360 | €543 | -€817 | -60.1% |
| Furniture and vehicles | 24 | €706 | €1,530 | +€824 | +117% |
| Current assets | 29/58 | €67,075 | €61,519 | -€5,557 | -8.3% |
| Amounts receivable within one year | 40/41 | €44,214 | €56,236 | +€12,023 | +27.2% |
| Trade receivables | 40 | €43,577 | €54,981 | +€11,404 | +26.2% |
| Other amounts receivable | 41 | €637 | €1,255 | +€619 | +97.1% |
| Cash at bank and in hand | 54/58 | €22,676 | €4,880 | -€17,796 | -78.5% |
| Deferred charges and accrued income | 490/1 | €186 | €402 | +€217 | +117% |
| Total equity and liabilities | 10/49 | €69,141 | €63,592 | -€5,550 | -8.0% |
| Equity | 10/15 | €47,663 | €37,720 | -€9,943 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €16,860 | -€10,000 | -37.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Profit (loss) carried forward | 14 | €2,203 | €2,260 | +€57 | +2.6% |
| Amounts payable | 17/49 | €21,478 | €25,872 | +€4,393 | +20.5% |
| Amounts payable within one year | 42/48 | €21,478 | €25,872 | +€4,393 | +20.5% |
| Trade debts | 44 | €17,723 | €22,152 | +€4,430 | +25.0% |
| Suppliers | 440/4 | €17,723 | €22,152 | +€4,430 | +25.0% |
| Taxes, remuneration and social security | 45 | €3,756 | €3,719 | -€36 | -1.0% |
| Taxes | 450/3 | €2,556 | €2,519 | -€36 | -1.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,383 | €1,717 | -€3,666 | -68.1% |
| Other operating charges | 640/8 | €2,233 | €1,284 | -€949 | -42.5% |
| Gross operating margin | 9900 | €13,218 | €3,508 | -€9,710 | -73.5% |
| Operating profit (loss) | 9901 | €5,601 | €507 | -€5,094 | -91.0% |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €55 | €431 | +€376 | +678% |
| Recurring financial charges | 65 | €55 | €431 | +€376 | +678% |
| Profit (loss) for the period before taxes | 9903 | €5,646 | €75 | -€5,570 | -98.7% |
| Income taxes | 67/77 | €500 | €18 | -€482 | -96.3% |
| Profit (loss) for the period | 9904 | €5,146 | €57 | -€5,089 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,146 | €57 | -€5,089 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.