SOLUTIONS CONCEPT: 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.
SOLUTIONS CONCEPT
Largest movements
- Receivables within one year -€17,483
down €17,483 (-60.4%), from €28,950 to €11,467
of which Trade receivables: -€16,944
- Cash +€5,508
up €5,508 (+38.3%), from €14,398 to €19,906
mainly Receivables within one year (+€17,483) and Depreciation (+€2,832)
- Tangible fixed assets -€1,901
down €1,901 (-53.5%), from €3,550 to €1,649
of which Leasing and similar rights: -€1,266
- Deferred charges and accrued income +€993
up €993 (+80.0%), from €1,241 to €2,234
- Profit (loss) carried forward -€15,108
down €15,108 (-71.1%), from €21,249 to €6,141
- Other debts -€1,812
down €1,812 (-51.3%), from €3,535 to €1,723
- Advances received +€1,426
up €1,426 (+141.3%), from €1,009 to €2,435
- Trade debts +€1,228
up €1,228 (+56.5%), from €2,176 to €3,404
- Tax, wage and social debts +€1,119
up €1,119 (+147.7%), from €758 to €1,877
- Gross operating margin -€44,108
down €44,108, from €32,865 to -€11,243
- Taxes -€6,150
no longer reported in 2025 (was €6,150)
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 | €48,726 | €35,580 | -€13,146 | -27.0% |
| Formation expenses | 20 | €327 | €64 | -€263 | -80.4% |
| Fixed assets | 21/28 | €3,810 | €1,909 | -€1,901 | -49.9% |
| Tangible fixed assets | 22/27 | €3,550 | €1,649 | -€1,901 | -53.5% |
| Plant, machinery and equipment | 23 | €454 | €188 | -€265 | -58.5% |
| Furniture and vehicles | 24 | €1,830 | €1,461 | -€369 | -20.2% |
| Leasing and similar rights | 25 | €1,266 | - | -€1,266 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €44,589 | €33,607 | -€10,982 | -24.6% |
| Amounts receivable within one year | 40/41 | €28,950 | €11,467 | -€17,483 | -60.4% |
| Trade receivables | 40 | €24,583 | €7,640 | -€16,944 | -68.9% |
| Other amounts receivable | 41 | €4,367 | €3,828 | -€539 | -12.3% |
| Cash at bank and in hand | 54/58 | €14,398 | €19,906 | +€5,508 | +38.3% |
| Deferred charges and accrued income | 490/1 | €1,241 | €2,234 | +€993 | +80.0% |
| Total equity and liabilities | 10/49 | €48,726 | €35,580 | -€13,146 | -27.0% |
| Equity | 10/15 | €41,249 | €26,141 | -€15,108 | -36.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,249 | €6,141 | -€15,108 | -71.1% |
| Amounts payable | 17/49 | €7,477 | €9,439 | +€1,962 | +26.2% |
| Amounts payable within one year | 42/48 | €7,477 | €9,439 | +€1,962 | +26.2% |
| Trade debts | 44 | €2,176 | €3,404 | +€1,228 | +56.5% |
| Suppliers | 440/4 | €2,176 | €3,404 | +€1,228 | +56.5% |
| Advances received on contracts in progress | 46 | €1,009 | €2,435 | +€1,426 | +141.3% |
| Taxes, remuneration and social security | 45 | €758 | €1,877 | +€1,119 | +147.7% |
| Taxes | 450/3 | €758 | €1,877 | +€1,119 | +147.7% |
| Other amounts payable | 47/48 | €3,535 | €1,723 | -€1,812 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,074 | €2,832 | -€242 | -7.9% |
| Other operating charges | 640/8 | €528 | €638 | +€111 | +21.0% |
| Gross operating margin | 9900 | €32,865 | -€11,243 | -€44,108 | |
| Operating profit (loss) | 9901 | €29,263 | -€14,714 | -€43,977 | |
| Financial income | 75/76B | €79 | €6 | -€73 | -91.9% |
| Recurring financial income | 75 | €79 | €6 | -€73 | -91.9% |
| Financial charges | 65/66B | €511 | €401 | -€111 | -21.6% |
| Recurring financial charges | 65 | €511 | €401 | -€111 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €28,831 | -€15,108 | -€43,939 | |
| Income taxes | 67/77 | €6,150 | - | -€6,150 | |
| Profit (loss) for the period | 9904 | €22,681 | -€15,108 | -€37,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,681 | -€15,108 | -€37,789 |
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 30 September 2026 via checked.be.