SO - PowerView: 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.
SO - PowerView
Largest movements
- Tangible fixed assets -€20,282
down €20,282 (-19.0%), from €106,527 to €86,245
- Receivables within one year -€3,502
down €3,502 (-14.7%), from €23,853 to €20,351
of which Trade receivables: -€3,409
- Debts after one year -€16,584
down €16,584 (-22.4%), from €74,058 to €57,474
- Trade debts -€15,284
down €15,284 (-74.1%), from €20,620 to €5,336
- Current portion of long-term debt +€12,089
up €12,089 (+47.0%), from €25,736 to €37,826
- Reserves -€5,142
down €5,142 (-99.4%), from €5,173 to €31
- Gross operating margin +€23,360
up €23,360 (+17,502%), from €133 to €23,494
- Depreciation +€3,489
up €3,489 (+20.8%), from €16,793 to €20,282
- Staff costs -€2,118
down €2,118 (-82.3%), from €2,575 to €457
- Financial income -€2,042
down €2,042 (-66.4%), from €3,074 to €1,032
- Other operating charges +€960
up €960 (+73.9%), from €1,298 to €2,258
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 | €152,372 | €129,547 | -€22,825 | -15.0% |
| Fixed assets | 21/28 | €113,027 | €92,745 | -€20,282 | -17.9% |
| Tangible fixed assets | 22/27 | €106,527 | €86,245 | -€20,282 | -19.0% |
| Land and buildings | 22 | €25,273 | €21,927 | -€3,346 | -13.2% |
| Plant, machinery and equipment | 23 | €41,270 | €32,212 | -€9,058 | -21.9% |
| Furniture and vehicles | 24 | €39,983 | €32,105 | -€7,878 | -19.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €39,345 | €36,802 | -€2,543 | -6.5% |
| Amounts receivable after more than one year | 29 | €11,055 | €11,055 | = | 0.0% |
| Trade receivables | 290 | €11,055 | €11,055 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,853 | €20,351 | -€3,502 | -14.7% |
| Trade receivables | 40 | €18,149 | €14,740 | -€3,409 | -18.8% |
| Other amounts receivable | 41 | €5,704 | €5,611 | -€94 | -1.6% |
| Cash at bank and in hand | 54/58 | €2,434 | €3,416 | +€982 | +40.3% |
| Deferred charges and accrued income | 490/1 | €2,002 | €1,979 | -€22 | -1.1% |
| Total equity and liabilities | 10/49 | €152,372 | €129,547 | -€22,825 | -15.0% |
| Equity | 10/15 | €25,173 | €20,031 | -€5,142 | -20.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,173 | €31 | -€5,142 | -99.4% |
| Distributable reserves | 133 | €5,173 | €31 | -€5,142 | -99.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €127,199 | €109,516 | -€17,682 | -13.9% |
| Amounts payable after more than one year | 17 | €74,058 | €57,474 | -€16,584 | -22.4% |
| Financial debts | 170/4 | €74,058 | €57,474 | -€16,584 | -22.4% |
| Amounts payable within one year | 42/48 | €53,141 | €52,043 | -€1,098 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €25,736 | €37,826 | +€12,089 | +47.0% |
| Financial debts | 43 | €4,879 | €5,816 | +€938 | +19.2% |
| Credit institutions | 430/8 | €4,879 | €5,816 | +€938 | +19.2% |
| Trade debts | 44 | €20,620 | €5,336 | -€15,284 | -74.1% |
| Suppliers | 440/4 | €20,620 | €5,336 | -€15,284 | -74.1% |
| Taxes, remuneration and social security | 45 | €1,906 | €2,963 | +€1,057 | +55.5% |
| Taxes | 450/3 | €1,906 | €2,963 | +€1,057 | +55.5% |
| Other amounts payable | 47/48 | €0 | €102 | +€102 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,575 | €457 | -€2,118 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,793 | €20,282 | +€3,489 | +20.8% |
| Other operating charges | 640/8 | €1,298 | €2,258 | +€960 | +73.9% |
| Gross operating margin | 9900 | €133 | €23,494 | +€23,360 | +17,502% |
| Operating profit (loss) | 9901 | -€20,533 | €497 | +€21,030 | |
| Financial income | 75/76B | €3,074 | €1,032 | -€2,042 | -66.4% |
| Recurring financial income | 75 | €3,074 | €1,032 | -€2,042 | -66.4% |
| Financial charges | 65/66B | €7,501 | €6,592 | -€909 | -12.1% |
| Recurring financial charges | 65 | €7,501 | €6,592 | -€909 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,960 | -€5,062 | +€19,897 | +79.7% |
| Income taxes | 67/77 | €86 | €80 | -€6 | -7.4% |
| Profit (loss) for the period | 9904 | -€25,046 | -€5,142 | +€19,903 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,046 | -€5,142 | +€19,903 | +79.5% |
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 25 October 2026 via checked.be.