SO RARE: 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 RARE
Largest movements
- Receivables within one year -€11,864
down €11,864 (-33.3%), from €35,586 to €23,722
of which Trade receivables: -€12,343
- Deferred charges and accrued income -€3,135
down €3,135 (-49.6%), from €6,326 to €3,191
- Cash -€1,435
down €1,435 (-82.3%), from €1,744 to €309
mainly Trade debts (-€15,740) and Other debts (-€11,984)
- Tangible fixed assets -€779
down €779 (-4.2%), from €18,596 to €17,817
of which Furniture and vehicles: -€1,188
- Trade debts -€15,740
down €15,740 (-73.2%), from €21,516 to €5,776
- Other debts -€11,984
down €11,984 (-58.5%), from €20,496 to €8,512
- Profit (loss) carried forward +€9,027
up €9,027 (+79.7%), from -€11,327 to -€2,300
- Short-term financial debts +€5,174
up €5,174 (+183%), from €2,826 to €8,000
of which Other loans: +€8,000
- Tax, wage and social debts -€3,690
down €3,690 (-30.9%), from €11,936 to €8,246
- Gross operating margin +€48,939
up €48,939, from -€17,448 to €31,491
- Taxes +€10,384
up €10,384 (+1,069%), from €971 to €11,355
- Depreciation -€2,716
down €2,716 (-34.2%), from €7,949 to €5,234
- Other operating charges +€1,705
up €1,705 (+61.8%), from €2,756 to €4,461
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 | €65,852 | €48,638 | -€17,214 | -26.1% |
| Fixed assets | 21/28 | €22,196 | €21,417 | -€779 | -3.5% |
| Tangible fixed assets | 22/27 | €18,596 | €17,817 | -€779 | -4.2% |
| Furniture and vehicles | 24 | €5,628 | €4,440 | -€1,188 | -21.1% |
| Other tangible fixed assets | 26 | €12,968 | €13,377 | +€409 | +3.2% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €43,656 | €27,222 | -€16,435 | -37.6% |
| Amounts receivable within one year | 40/41 | €35,586 | €23,722 | -€11,864 | -33.3% |
| Trade receivables | 40 | €31,900 | €19,557 | -€12,343 | -38.7% |
| Other amounts receivable | 41 | €3,687 | €4,165 | +€479 | +13.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,744 | €309 | -€1,435 | -82.3% |
| Deferred charges and accrued income | 490/1 | €6,326 | €3,191 | -€3,135 | -49.6% |
| Total equity and liabilities | 10/49 | €65,852 | €48,638 | -€17,214 | -26.1% |
| Equity | 10/15 | €9,078 | €18,105 | +€9,027 | +99.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,327 | -€2,300 | +€9,027 | +79.7% |
| Amounts payable | 17/49 | €56,774 | €30,533 | -€26,241 | -46.2% |
| Amounts payable within one year | 42/48 | €56,774 | €30,533 | -€26,241 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,826 | €8,000 | +€5,174 | +183% |
| Credit institutions | 430/8 | €2,826 | €0 | -€2,826 | -100% |
| Other loans | 439 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €21,516 | €5,776 | -€15,740 | -73.2% |
| Suppliers | 440/4 | €21,516 | €5,776 | -€15,740 | -73.2% |
| Taxes, remuneration and social security | 45 | €11,936 | €8,246 | -€3,690 | -30.9% |
| Taxes | 450/3 | €11,936 | €8,246 | -€3,690 | -30.9% |
| Other amounts payable | 47/48 | €20,496 | €8,512 | -€11,984 | -58.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,949 | €5,234 | -€2,716 | -34.2% |
| Other operating charges | 640/8 | €2,756 | €4,461 | +€1,705 | +61.8% |
| Non-recurring operating charges | 66A | €242 | €0 | -€242 | -100% |
| Gross operating margin | 9900 | -€17,448 | €31,491 | +€48,939 | |
| Operating profit (loss) | 9901 | -€28,395 | €21,796 | +€50,192 | |
| Financial income | 75/76B | €6 | €91 | +€85 | +1,490% |
| Recurring financial income | 75 | €6 | €91 | +€85 | +1,490% |
| Financial charges | 65/66B | €1,792 | €1,505 | -€287 | -16.0% |
| Recurring financial charges | 65 | €1,792 | €1,505 | -€287 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,182 | €20,382 | +€50,564 | |
| Income taxes | 67/77 | €971 | €11,355 | +€10,384 | +1,069% |
| Profit (loss) for the period | 9904 | -€31,153 | €9,027 | +€40,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,153 | €9,027 | +€40,180 |
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 17 October 2026 via checked.be.