SORRY WE ARE CLOSED: 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.
SORRY WE ARE CLOSED
Largest movements
- Cash +€179,457
up €179,457 (+117%), from €153,367 to €332,824
mainly Net result for the year (+€169,124) and Short-term financial debts (+€100,000)
- Receivables within one year +€145,044
up €145,044 (+274%), from €52,963 to €198,007
- Stocks and contracts -€35,976
down €35,976 (-2.9%), from €1.3m to €1.2m
- Tangible fixed assets -€28,220
down €28,220 (-19.8%), from €142,277 to €114,058
of which Other tangible fixed assets: -€24,975
- Deferred charges and accrued income -€20,500
no longer reported in 2025 (was €20,500)
- Profit (loss) carried forward +€169,124
up €169,124 (+17.6%), from €960,344 to €1.1m
- Short-term financial debts +€100,000
new in 2025: €100,000
- Trade debts -€64,512
down €64,512 (-20.5%), from €314,535 to €250,023
- Tax, wage and social debts +€61,228
up €61,228 (+95.5%), from €64,141 to €125,368
of which Taxes: +€55,380
- Gross operating margin +€365,978
up €365,978 (+145%), from €251,651 to €617,629
- Financial charges +€42,736
up €42,736 (+381%), from €11,219 to €53,955
- Taxes +€32,553
up €32,553 (+624%), from €5,220 to €37,773
- Write-downs +€27,909
up €27,909 (+57.0%), from €49,000 to €76,909
- Financial income +€15,974
up €15,974 (+191%), from €8,362 to €24,336
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 | €1,631,163 | €1,875,968 | +€244,805 | +15.0% |
| Fixed assets | 21/28 | €148,777 | €125,558 | -€23,220 | -15.6% |
| Tangible fixed assets | 22/27 | €142,277 | €114,058 | -€28,220 | -19.8% |
| Plant, machinery and equipment | 23 | €218 | - | -€218 | |
| Furniture and vehicles | 24 | €18,353 | €15,326 | -€3,027 | -16.5% |
| Other tangible fixed assets | 26 | €123,707 | €98,732 | -€24,975 | -20.2% |
| Financial fixed assets | 28 | €6,500 | €11,500 | +€5,000 | +76.9% |
| Current assets | 29/58 | €1,482,385 | €1,750,410 | +€268,025 | +18.1% |
| Stocks and contracts in progress | 3 | €1,255,555 | €1,219,579 | -€35,976 | -2.9% |
| Stocks | 30/36 | €1,255,555 | €1,219,579 | -€35,976 | -2.9% |
| Amounts receivable within one year | 40/41 | €52,963 | €198,007 | +€145,044 | +274% |
| Trade receivables | 40 | €52,963 | €198,007 | +€145,044 | +274% |
| Cash at bank and in hand | 54/58 | €153,367 | €332,824 | +€179,457 | +117% |
| Deferred charges and accrued income | 490/1 | €20,500 | - | -€20,500 | |
| Total equity and liabilities | 10/49 | €1,631,163 | €1,875,968 | +€244,805 | +15.0% |
| Equity | 10/15 | €1,031,844 | €1,200,968 | +€169,124 | +16.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €960,344 | €1,129,468 | +€169,124 | +17.6% |
| Amounts payable | 17/49 | €599,319 | €675,000 | +€75,681 | +12.6% |
| Amounts payable after more than one year | 17 | €59,378 | €45,284 | -€14,094 | -23.7% |
| Financial debts | 170/4 | €59,378 | €45,284 | -€14,094 | -23.7% |
| Amounts payable within one year | 42/48 | €539,941 | €625,716 | +€85,775 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €13,833 | €14,094 | +€262 | +1.9% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €314,535 | €250,023 | -€64,512 | -20.5% |
| Suppliers | 440/4 | €314,535 | €250,023 | -€64,512 | -20.5% |
| Taxes, remuneration and social security | 45 | €64,141 | €125,368 | +€61,228 | +95.5% |
| Taxes | 450/3 | €28,265 | €83,646 | +€55,380 | +196% |
| Remuneration and social security | 454/9 | €35,875 | €41,723 | +€5,847 | +16.3% |
| Other amounts payable | 47/48 | €147,433 | €136,231 | -€11,202 | -7.6% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €247,140 | €259,420 | +€12,280 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,077 | €43,364 | -€6,713 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,000 | €76,909 | +€27,909 | +57.0% |
| Other operating charges | 640/8 | €1,333 | €1,420 | +€88 | +6.6% |
| Gross operating margin | 9900 | €251,651 | €617,629 | +€365,978 | +145% |
| Operating profit (loss) | 9901 | -€95,899 | €236,516 | +€332,415 | |
| Financial income | 75/76B | €8,362 | €24,336 | +€15,974 | +191% |
| Recurring financial income | 75 | €8,362 | €24,336 | +€15,974 | +191% |
| Financial charges | 65/66B | €11,219 | €53,955 | +€42,736 | +381% |
| Recurring financial charges | 65 | €11,219 | €53,955 | +€42,736 | +381% |
| Profit (loss) for the period before taxes | 9903 | -€98,756 | €206,897 | +€305,653 | |
| Income taxes | 67/77 | €5,220 | €37,773 | +€32,553 | +624% |
| Profit (loss) for the period | 9904 | -€103,976 | €169,124 | +€273,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,976 | €169,124 | +€273,100 |
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 28 October 2026 via checked.be.