SME ADVICE: 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.
SME ADVICE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€316,198
up €316,198 (+21.1%), from €1.5m to €1.8m
- Current portion of long-term debt -€237,020
down €237,020 (-78.4%), from €302,330 to €65,310
- Debts after one year -€49,987
no longer reported in 2025 (was €49,987)
- Other debts -€32,552
down €32,552 (-96.2%), from €33,850 to €1,298
- Financial income -€149,025
down €149,025 (-19.4%), from €769,025 to €620,000
- Gross operating margin -€4,619
down €4,619 (-24.2%), from €19,089 to €14,470
- Financial charges -€2,821
down €2,821 (-41.7%), from €6,769 to €3,948
- Taxes +€1,169
up €1,169 (+54.2%), from €2,156 to €3,325
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 | €2,252,556 | €2,234,496 | -€18,061 | -0.8% |
| Fixed assets | 21/28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €52,556 | €34,496 | -€18,061 | -34.4% |
| Amounts receivable within one year | 40/41 | €24,663 | €13,069 | -€11,593 | -47.0% |
| Trade receivables | 40 | €19,663 | - | -€19,663 | |
| Other amounts receivable | 41 | €5,000 | €13,069 | +€8,069 | +161% |
| Cash at bank and in hand | 54/58 | €27,894 | €21,426 | -€6,467 | -23.2% |
| Total equity and liabilities | 10/49 | €2,252,556 | €2,234,496 | -€18,061 | -0.8% |
| Equity | 10/15 | €1,827,476 | €2,143,674 | +€316,198 | +17.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,497,476 | €1,813,674 | +€316,198 | +21.1% |
| Amounts payable | 17/49 | €425,080 | €90,821 | -€334,259 | -78.6% |
| Amounts payable after more than one year | 17 | €49,987 | - | -€49,987 | |
| Financial debts | 170/4 | €49,987 | - | -€49,987 | |
| Amounts payable within one year | 42/48 | €375,093 | €90,821 | -€284,272 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €302,330 | €65,310 | -€237,020 | -78.4% |
| Trade debts | 44 | - | €204 | +€204 | |
| Suppliers | 440/4 | - | €204 | +€204 | |
| Taxes, remuneration and social security | 45 | €38,913 | €24,009 | -€14,904 | -38.3% |
| Taxes | 450/3 | €38,913 | €24,009 | -€14,904 | -38.3% |
| Other amounts payable | 47/48 | €33,850 | €1,298 | -€32,552 | -96.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €19,089 | €14,470 | -€4,619 | -24.2% |
| Operating profit (loss) | 9901 | €18,121 | €13,471 | -€4,650 | -25.7% |
| Financial income | 75/76B | €769,025 | €620,000 | -€149,025 | -19.4% |
| Recurring financial income | 75 | €769,025 | €620,000 | -€149,025 | -19.4% |
| Financial charges | 65/66B | €6,769 | €3,948 | -€2,821 | -41.7% |
| Recurring financial charges | 65 | €6,769 | €3,948 | -€2,821 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €780,377 | €629,523 | -€150,854 | -19.3% |
| Income taxes | 67/77 | €2,156 | €3,325 | +€1,169 | +54.2% |
| Profit (loss) for the period | 9904 | €778,221 | €626,198 | -€152,023 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €778,221 | €626,198 | -€152,023 | -19.5% |
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 14 October 2026 via checked.be.