SO GO: 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.
SO GO
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Receivables within one year -€11,874
down €11,874 (-32.3%), from €36,755 to €24,881
of which Other amounts receivable: -€6,239
- Cash -€7,198
down €7,198 (-17.6%), from €40,943 to €33,745
mainly Receivables after one year (-€25,000) and Tax, wage and social debts (-€19,109)
- Tangible fixed assets -€5,943
down €5,943 (-18.5%), from €32,177 to €26,234
of which Furniture and vehicles: -€4,335
- Intangible fixed assets -€2,650
down €2,650 (-31.8%), from €8,342 to €5,692
- Tax, wage and social debts -€19,109
down €19,109 (-59.4%), from €32,195 to €13,086
- Profit (loss) carried forward +€12,840
up €12,840 (+15.1%), from €85,010 to €97,851
- Trade debts +€3,713
up €3,713 (+1776.3%), from €209 to €3,922
- Gross operating margin -€37,033
down €37,033 (-57.9%), from €63,936 to €26,903
- Taxes -€7,374
down €7,374 (-62.6%), from €11,773 to €4,400
- Depreciation +€1,689
up €1,689 (+22.6%), from €7,468 to €9,157
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 | €119,914 | €117,359 | -€2,555 | -2.1% |
| Fixed assets | 21/28 | €40,519 | €31,927 | -€8,593 | -21.2% |
| Intangible fixed assets | 21 | €8,342 | €5,692 | -€2,650 | -31.8% |
| Tangible fixed assets | 22/27 | €32,177 | €26,234 | -€5,943 | -18.5% |
| Plant, machinery and equipment | 23 | €13,203 | €11,595 | -€1,608 | -12.2% |
| Furniture and vehicles | 24 | €18,974 | €14,639 | -€4,335 | -22.8% |
| Current assets | 29/58 | €79,395 | €85,432 | +€6,038 | +7.6% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €36,755 | €24,881 | -€11,874 | -32.3% |
| Trade receivables | 40 | €30,515 | €24,880 | -€5,636 | -18.5% |
| Other amounts receivable | 41 | €6,239 | €1 | -€6,239 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,943 | €33,745 | -€7,198 | -17.6% |
| Deferred charges and accrued income | 490/1 | €1,698 | €1,807 | +€109 | +6.4% |
| Total equity and liabilities | 10/49 | €119,914 | €117,359 | -€2,555 | -2.1% |
| Equity | 10/15 | €87,510 | €100,351 | +€12,840 | +14.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,010 | €97,851 | +€12,840 | +15.1% |
| Amounts payable | 17/49 | €32,404 | €17,008 | -€15,396 | -47.5% |
| Amounts payable within one year | 42/48 | €32,404 | €17,008 | -€15,396 | -47.5% |
| Trade debts | 44 | €209 | €3,922 | +€3,713 | +1776.3% |
| Suppliers | 440/4 | €209 | €3,922 | +€3,713 | +1776.3% |
| Taxes, remuneration and social security | 45 | €32,195 | €13,086 | -€19,109 | -59.4% |
| Taxes | 450/3 | €32,195 | €13,086 | -€19,109 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,468 | €9,157 | +€1,689 | +22.6% |
| Other operating charges | 640/8 | €162 | €419 | +€256 | +158.0% |
| Gross operating margin | 9900 | €63,936 | €26,903 | -€37,033 | -57.9% |
| Operating profit (loss) | 9901 | €56,305 | €17,327 | -€38,978 | -69.2% |
| Financial income | 75/76B | €367 | €0 | -€367 | -100.0% |
| Recurring financial income | 75 | €367 | €0 | -€367 | -100.0% |
| Financial charges | 65/66B | €56 | €87 | +€31 | +56.1% |
| Recurring financial charges | 65 | €56 | €87 | +€31 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €56,616 | €17,240 | -€39,376 | -69.5% |
| Income taxes | 67/77 | €11,773 | €4,400 | -€7,374 | -62.6% |
| Profit (loss) for the period | 9904 | €44,843 | €12,840 | -€32,003 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,843 | €12,840 | -€32,003 | -71.4% |
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 3 October 2026 via checked.be.