SOLVED: 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.
SOLVED
Largest movements
- Receivables within one year -€5,518
down €5,518 (-72.2%), from €7,647 to €2,129
of which Trade receivables: -€5,530
- Cash -€5,475
down €5,475 (-33.5%), from €16,344 to €10,869
mainly Net result for the year (-€6,972) and Investment in fixed assets (net) (-€5,234)
- Tangible fixed assets +€1,445
up €1,445 (+16.8%), from €8,599 to €10,044
of which Furniture and vehicles: +€2,257
- Deferred charges and accrued income +€1,192
up €1,192 (+1665.0%), from €72 to €1,264
- Profit (loss) carried forward -€6,972
new in 2025: -€6,972
- Other debts -€986
down €986 (-18.8%), from €5,254 to €4,267
- Trade debts -€435
down €435 (-34.0%), from €1,281 to €846
- Gross operating margin -€22,297
down €22,297, from €20,725 to -€1,573
- Taxes -€1,837
down €1,837 (-93.3%), from €1,969 to €132
- Depreciation +€1,581
up €1,581 (+71.6%), from €2,207 to €3,788
- Financial charges -€1,475
down €1,475 (-66.5%), from €2,220 to €745
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 | €32,662 | €24,307 | -€8,355 | -25.6% |
| Fixed assets | 21/28 | €8,599 | €10,044 | +€1,445 | +16.8% |
| Tangible fixed assets | 22/27 | €8,599 | €10,044 | +€1,445 | +16.8% |
| Plant, machinery and equipment | 23 | €3,824 | €3,012 | -€812 | -21.2% |
| Furniture and vehicles | 24 | €4,775 | €7,032 | +€2,257 | +47.3% |
| Current assets | 29/58 | €24,063 | €14,262 | -€9,800 | -40.7% |
| Amounts receivable within one year | 40/41 | €7,647 | €2,129 | -€5,518 | -72.2% |
| Trade receivables | 40 | €5,760 | €230 | -€5,530 | -96.0% |
| Other amounts receivable | 41 | €1,887 | €1,899 | +€12 | +0.6% |
| Cash at bank and in hand | 54/58 | €16,344 | €10,869 | -€5,475 | -33.5% |
| Deferred charges and accrued income | 490/1 | €72 | €1,264 | +€1,192 | +1665.0% |
| Total equity and liabilities | 10/49 | €32,662 | €24,307 | -€8,355 | -25.6% |
| Equity | 10/15 | €22,889 | €15,917 | -€6,972 | -30.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,889 | €17,889 | = | 0.0% |
| Distributable reserves | 133 | €17,889 | €17,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,972 | -€6,972 | |
| Amounts payable | 17/49 | €9,773 | €8,390 | -€1,383 | -14.1% |
| Amounts payable within one year | 42/48 | €9,773 | €8,390 | -€1,383 | -14.1% |
| Trade debts | 44 | €1,281 | €846 | -€435 | -34.0% |
| Suppliers | 440/4 | €1,281 | €846 | -€435 | -34.0% |
| Taxes, remuneration and social security | 45 | €3,238 | €3,277 | +€39 | +1.2% |
| Taxes | 450/3 | €3,238 | €3,277 | +€39 | +1.2% |
| Other amounts payable | 47/48 | €5,254 | €4,267 | -€986 | -18.8% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,207 | €3,788 | +€1,581 | +71.6% |
| Other operating charges | 640/8 | €577 | €739 | +€162 | +28.1% |
| Gross operating margin | 9900 | €20,725 | -€1,573 | -€22,297 | |
| Operating profit (loss) | 9901 | €17,940 | -€6,100 | -€24,041 | |
| Financial income | 75/76B | €5 | €5 | +€0 | +0.2% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +0.2% |
| Financial charges | 65/66B | €2,220 | €745 | -€1,475 | -66.5% |
| Recurring financial charges | 65 | €2,220 | €745 | -€1,475 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €15,726 | -€6,840 | -€22,566 | |
| Income taxes | 67/77 | €1,969 | €132 | -€1,837 | -93.3% |
| Profit (loss) for the period | 9904 | €13,757 | -€6,972 | -€20,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,757 | -€6,972 | -€20,729 |
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 6 October 2026 via checked.be.