So watt: 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 watt
Largest movements
- Receivables within one year -€15,504
down €15,504 (-54.9%), from €28,266 to €12,762
- Tangible fixed assets -€9,889
down €9,889 (-58.4%), from €16,942 to €7,053
- Other debts -€18,880
down €18,880 (-28.9%), from €65,260 to €46,381
- Tax, wage and social debts -€6,157
down €6,157 (-25.7%), from €23,953 to €17,797
- Gross operating margin -€25,693
down €25,693 (-22.0%), from €116,618 to €90,925
- Taxes -€8,108
down €8,108 (-27.1%), from €29,935 to €21,827
- Depreciation +€1,255
up €1,255 (+14.5%), from €8,634 to €9,889
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 | €148,396 | €123,730 | -€24,666 | -16.6% |
| Fixed assets | 21/28 | €16,942 | €7,053 | -€9,889 | -58.4% |
| Tangible fixed assets | 22/27 | €16,942 | €7,053 | -€9,889 | -58.4% |
| Furniture and vehicles | 24 | €16,942 | €7,053 | -€9,889 | -58.4% |
| Current assets | 29/58 | €131,454 | €116,677 | -€14,777 | -11.2% |
| Amounts receivable within one year | 40/41 | €28,266 | €12,762 | -€15,504 | -54.9% |
| Trade receivables | 40 | €28,266 | €12,762 | -€15,504 | -54.9% |
| Cash at bank and in hand | 54/58 | €101,346 | €102,513 | +€1,167 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,842 | €1,402 | -€440 | -23.9% |
| Total equity and liabilities | 10/49 | €148,396 | €123,730 | -€24,666 | -16.6% |
| Equity | 10/15 | €58,066 | €58,066 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,066 | €53,066 | = | 0.0% |
| Amounts payable | 17/49 | €90,330 | €65,664 | -€24,666 | -27.3% |
| Amounts payable within one year | 42/48 | €90,330 | €65,664 | -€24,666 | -27.3% |
| Trade debts | 44 | €1,116 | €1,487 | +€371 | +33.2% |
| Suppliers | 440/4 | €1,116 | €1,487 | +€371 | +33.2% |
| Taxes, remuneration and social security | 45 | €23,953 | €17,797 | -€6,157 | -25.7% |
| Taxes | 450/3 | €23,953 | €17,797 | -€6,157 | -25.7% |
| Other amounts payable | 47/48 | €65,260 | €46,381 | -€18,880 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,634 | €9,889 | +€1,255 | +14.5% |
| Other operating charges | 640/8 | €291 | €420 | +€129 | +44.4% |
| Gross operating margin | 9900 | €116,618 | €90,925 | -€25,693 | -22.0% |
| Operating profit (loss) | 9901 | €107,693 | €80,616 | -€27,077 | -25.1% |
| Financial charges | 65/66B | €70 | €106 | +€36 | +52.1% |
| Recurring financial charges | 65 | €70 | €106 | +€36 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €107,623 | €80,510 | -€27,113 | -25.2% |
| Income taxes | 67/77 | €29,935 | €21,827 | -€8,108 | -27.1% |
| Profit (loss) for the period | 9904 | €77,688 | €58,683 | -€19,005 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,688 | €58,683 | -€19,005 | -24.5% |
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 18 October 2026 via checked.be.