Snaps: 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.
Snaps
Largest movements
- Tangible fixed assets -€30,965
down €30,965 (-8.2%), from €377,135 to €346,170
of which Furniture and vehicles: -€27,252
- Intangible fixed assets -€7,500
down €7,500 (-12.1%), from €61,875 to €54,375
- Debts after one year -€28,326
down €28,326 (-7.8%), from €363,185 to €334,859
of which Other amounts payable: -€25,000
- Profit (loss) carried forward -€26,560
down €26,560 (-5824.6%), from -€456 to -€27,016
- Short-term financial debts -€26,212
no longer reported in 2025 (was €26,212)
- Trade debts +€18,794
up €18,794 (+106.7%), from €17,608 to €36,402
- Advances received +€12,900
up €12,900 (+39.2%), from €32,945 to €45,845
- Gross operating margin +€41,230
up €41,230 (+25.9%), from €159,092 to €200,322
- Staff costs +€33,291
up €33,291 (+32.2%), from €103,535 to €136,826
- Depreciation +€17,975
up €17,975 (+36.8%), from €48,840 to €66,815
- Financial charges +€10,499
up €10,499 (+255.1%), from €4,115 to €14,614
- Other operating charges +€3,996
up €3,996 (+108.9%), from €3,669 to €7,665
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 | €504,809 | €472,486 | -€32,323 | -6.4% |
| Formation expenses | 20 | €1,219 | €844 | -€375 | -30.8% |
| Fixed assets | 21/28 | €439,095 | €400,630 | -€38,465 | -8.8% |
| Intangible fixed assets | 21 | €61,875 | €54,375 | -€7,500 | -12.1% |
| Tangible fixed assets | 22/27 | €377,135 | €346,170 | -€30,965 | -8.2% |
| Land and buildings | 22 | €295,000 | €290,890 | -€4,110 | -1.4% |
| Plant, machinery and equipment | 23 | €14,165 | €14,562 | +€397 | +2.8% |
| Furniture and vehicles | 24 | €67,970 | €40,718 | -€27,252 | -40.1% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €64,495 | €71,012 | +€6,517 | +10.1% |
| Amounts receivable within one year | 40/41 | €60,140 | €61,593 | +€1,453 | +2.4% |
| Trade receivables | 40 | €60,024 | €61,593 | +€1,569 | +2.6% |
| Other amounts receivable | 41 | €116 | - | -€116 | |
| Cash at bank and in hand | 54/58 | €1,800 | €5,622 | +€3,822 | +212.3% |
| Deferred charges and accrued income | 490/1 | €2,555 | €3,797 | +€1,242 | +48.6% |
| Total equity and liabilities | 10/49 | €504,809 | €472,486 | -€32,323 | -6.4% |
| Equity | 10/15 | €19,544 | -€7,016 | -€26,560 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456 | -€27,016 | -€26,560 | -5824.6% |
| Amounts payable | 17/49 | €485,265 | €479,502 | -€5,763 | -1.2% |
| Amounts payable after more than one year | 17 | €363,185 | €334,859 | -€28,326 | -7.8% |
| Financial debts | 170/4 | €233,491 | €230,165 | -€3,326 | -1.4% |
| Other amounts payable | 178/9 | €129,694 | €104,694 | -€25,000 | -19.3% |
| Amounts payable within one year | 42/48 | €120,200 | €143,262 | +€23,062 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €20,162 | €25,589 | +€5,427 | +26.9% |
| Financial debts | 43 | €26,212 | - | -€26,212 | |
| Credit institutions | 430/8 | €26,212 | - | -€26,212 | |
| Trade debts | 44 | €17,608 | €36,402 | +€18,794 | +106.7% |
| Suppliers | 440/4 | €17,608 | €36,402 | +€18,794 | +106.7% |
| Advances received on contracts in progress | 46 | €32,945 | €45,845 | +€12,900 | +39.2% |
| Taxes, remuneration and social security | 45 | €20,449 | €27,545 | +€7,096 | +34.7% |
| Taxes | 450/3 | €11,068 | €12,307 | +€1,239 | +11.2% |
| Remuneration and social security | 454/9 | €9,381 | €15,238 | +€5,857 | +62.4% |
| Other amounts payable | 47/48 | €2,824 | €7,881 | +€5,057 | +179.1% |
| Accrued charges and deferred income | 492/3 | €1,880 | €1,381 | -€499 | -26.5% |
| Remuneration, social security and pensions | 62 | €103,535 | €136,826 | +€33,291 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,840 | €66,815 | +€17,975 | +36.8% |
| Other operating charges | 640/8 | €3,669 | €7,665 | +€3,996 | +108.9% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €159,092 | €200,322 | +€41,230 | +25.9% |
| Operating profit (loss) | 9901 | €1,548 | -€10,984 | -€12,532 | |
| Financial income | 75/76B | €13 | €56 | +€43 | +330.8% |
| Recurring financial income | 75 | €13 | €56 | +€43 | +330.8% |
| Financial charges | 65/66B | €4,115 | €14,614 | +€10,499 | +255.1% |
| Recurring financial charges | 65 | €4,115 | €14,614 | +€10,499 | +255.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,554 | -€25,542 | -€22,988 | -900.1% |
| Income taxes | 67/77 | €1,437 | €1,018 | -€419 | -29.2% |
| Profit (loss) for the period | 9904 | -€3,991 | -€26,560 | -€22,569 | -565.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,991 | -€26,560 | -€22,569 | -565.5% |
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 29 September 2026 via checked.be.