So Yes: 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 Yes
Largest movements
- Cash -€24,791
down €24,791 (-61.9%), from €40,026 to €15,235
mainly Stocks and contracts (-€13,158) and Trade debts (-€13,007)
- Stocks and contracts +€13,158
up €13,158 (+19.9%), from €66,130 to €79,289
- Receivables within one year -€9,737
down €9,737 (-70.8%), from €13,760 to €4,023
- Tangible fixed assets +€9,173
new in 2025: €9,173
- Trade debts -€13,007
down €13,007 (-75.2%), from €17,292 to €4,285
- Gross operating margin -€2,193
down €2,193 (-27.9%), from €7,862 to €5,669
- Depreciation -€1,305
down €1,305 (-38.7%), from €3,375 to €2,070
- Taxes -€995
down €995 (-100.0%), from €995 to €0
- Financial charges +€219
up €219 (+9.1%), from €2,410 to €2,629
- Financial income +€84
up €84 (+89.7%), from €94 to €177
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 | €120,505 | €108,325 | -€12,180 | -10.1% |
| Fixed assets | 21/28 | - | €9,173 | +€9,173 | |
| Tangible fixed assets | 22/27 | - | €9,173 | +€9,173 | |
| Plant, machinery and equipment | 23 | - | €9,173 | +€9,173 | |
| Current assets | 29/58 | €120,505 | €99,152 | -€21,353 | -17.7% |
| Stocks and contracts in progress | 3 | €66,130 | €79,289 | +€13,158 | +19.9% |
| Stocks | 30/36 | €66,130 | €79,289 | +€13,158 | +19.9% |
| Amounts receivable within one year | 40/41 | €13,760 | €4,023 | -€9,737 | -70.8% |
| Trade receivables | 40 | €13,760 | €4,023 | -€9,737 | -70.8% |
| Cash at bank and in hand | 54/58 | €40,026 | €15,235 | -€24,791 | -61.9% |
| Deferred charges and accrued income | 490/1 | €589 | €606 | +€16 | +2.8% |
| Total equity and liabilities | 10/49 | €120,505 | €108,325 | -€12,180 | -10.1% |
| Equity | 10/15 | €41,775 | €42,394 | +€619 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,175 | €23,794 | +€619 | +2.7% |
| Distributable reserves | 133 | €23,175 | €23,794 | +€619 | +2.7% |
| Amounts payable | 17/49 | €78,730 | €65,931 | -€12,799 | -16.3% |
| Amounts payable within one year | 42/48 | €78,730 | €65,931 | -€12,799 | -16.3% |
| Trade debts | 44 | €17,292 | €4,285 | -€13,007 | -75.2% |
| Suppliers | 440/4 | €17,292 | €4,285 | -€13,007 | -75.2% |
| Taxes, remuneration and social security | 45 | €3,788 | €3,997 | +€209 | +5.5% |
| Taxes | 450/3 | €3,788 | €3,997 | +€209 | +5.5% |
| Other amounts payable | 47/48 | €57,650 | €57,649 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,375 | €2,070 | -€1,305 | -38.7% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,862 | €5,669 | -€2,193 | -27.9% |
| Operating profit (loss) | 9901 | €3,974 | €3,071 | -€903 | -22.7% |
| Financial income | 75/76B | €94 | €177 | +€84 | +89.7% |
| Recurring financial income | 75 | €94 | €177 | +€84 | +89.7% |
| Financial charges | 65/66B | €2,410 | €2,629 | +€219 | +9.1% |
| Recurring financial charges | 65 | €2,410 | €2,629 | +€219 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,657 | €619 | -€1,038 | -62.7% |
| Income taxes | 67/77 | €995 | €0 | -€995 | -100.0% |
| Profit (loss) for the period | 9904 | €662 | €619 | -€43 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €662 | €619 | -€43 | -6.6% |
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 7 October 2026 via checked.be.