Sounds like: 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.
Sounds like
Largest movements
- Cash +€46,564
up €46,564 (+4,615%), from €1,009 to €47,573
mainly Receivables within one year (+€35,109) and Depreciation (+€28,272)
- Receivables within one year -€35,109
down €35,109 (-82.6%), from €42,502 to €7,392
of which Trade receivables: -€36,014
- Intangible fixed assets -€15,000
down €15,000 (-12.6%), from €119,507 to €104,507
- Tangible fixed assets -€10,862
down €10,862 (-32.7%), from €33,256 to €22,393
of which Furniture and vehicles: -€7,340
- Debts after one year -€23,913
down €23,913 (-18.1%), from €131,829 to €107,916
of which Financial debts: -€13,713
- Reserves +€17,869
up €17,869 (+135%), from €13,269 to €31,138
- Current portion of long-term debt -€11,697
down €11,697 (-46.0%), from €25,410 to €13,713
- Other debts +€5,899
up €5,899 (+74.5%), from €7,916 to €13,815
- Gross operating margin +€22,982
up €22,982 (+67.0%), from €34,299 to €57,281
- Taxes +€5,065
up €5,065 (+3,957%), from €128 to €5,193
- Staff costs -€3,122
down €3,122 (-69.3%), from €4,503 to €1,382
- Depreciation -€1,227
down €1,227 (-4.2%), from €29,499 to €28,272
- Other operating charges +€690
up €690 (+85.3%), from €809 to €1,499
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 | €197,275 | €183,661 | -€13,614 | -6.9% |
| Fixed assets | 21/28 | €152,762 | €127,750 | -€25,012 | -16.4% |
| Intangible fixed assets | 21 | €119,507 | €104,507 | -€15,000 | -12.6% |
| Tangible fixed assets | 22/27 | €33,256 | €22,393 | -€10,862 | -32.7% |
| Plant, machinery and equipment | 23 | €11,303 | €7,781 | -€3,522 | -31.2% |
| Furniture and vehicles | 24 | €21,952 | €14,612 | -€7,340 | -33.4% |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €44,513 | €55,911 | +€11,399 | +25.6% |
| Amounts receivable within one year | 40/41 | €42,502 | €7,392 | -€35,109 | -82.6% |
| Trade receivables | 40 | €38,627 | €2,613 | -€36,014 | -93.2% |
| Other amounts receivable | 41 | €3,875 | €4,779 | +€905 | +23.4% |
| Cash at bank and in hand | 54/58 | €1,009 | €47,573 | +€46,564 | +4,615% |
| Deferred charges and accrued income | 490/1 | €1,002 | €946 | -€56 | -5.6% |
| Total equity and liabilities | 10/49 | €197,275 | €183,661 | -€13,614 | -6.9% |
| Equity | 10/15 | €18,269 | €36,138 | +€17,869 | +97.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,269 | €31,138 | +€17,869 | +135% |
| Distributable reserves | 133 | €13,269 | €31,138 | +€17,869 | +135% |
| Amounts payable | 17/49 | €179,006 | €147,523 | -€31,483 | -17.6% |
| Amounts payable after more than one year | 17 | €131,829 | €107,916 | -€23,913 | -18.1% |
| Financial debts | 170/4 | €37,534 | €23,821 | -€13,713 | -36.5% |
| Other amounts payable | 178/9 | €94,295 | €84,095 | -€10,200 | -10.8% |
| Amounts payable within one year | 42/48 | €47,178 | €39,607 | -€7,570 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €25,410 | €13,713 | -€11,697 | -46.0% |
| Financial debts | 43 | €2,789 | €1,213 | -€1,575 | -56.5% |
| Credit institutions | 430/8 | €2,789 | €1,213 | -€1,575 | -56.5% |
| Trade debts | 44 | €2,443 | €2,856 | +€413 | +16.9% |
| Suppliers | 440/4 | €2,443 | €2,856 | +€413 | +16.9% |
| Taxes, remuneration and social security | 45 | €8,620 | €8,010 | -€610 | -7.1% |
| Taxes | 450/3 | €7,120 | €8,010 | +€890 | +12.5% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €7,916 | €13,815 | +€5,899 | +74.5% |
| Remuneration, social security and pensions | 62 | €4,503 | €1,382 | -€3,122 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,499 | €28,272 | -€1,227 | -4.2% |
| Other operating charges | 640/8 | €809 | €1,499 | +€690 | +85.3% |
| Gross operating margin | 9900 | €34,299 | €57,281 | +€22,982 | +67.0% |
| Operating profit (loss) | 9901 | -€512 | €26,129 | +€26,641 | |
| Financial income | 75/76B | €85 | €44 | -€41 | -48.5% |
| Recurring financial income | 75 | €85 | €44 | -€41 | -48.5% |
| Financial charges | 65/66B | €3,254 | €3,111 | -€142 | -4.4% |
| Recurring financial charges | 65 | €3,254 | €3,111 | -€142 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,680 | €23,062 | +€26,742 | |
| Income taxes | 67/77 | €128 | €5,193 | +€5,065 | +3,957% |
| Profit (loss) for the period | 9904 | -€3,808 | €17,869 | +€21,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,808 | €17,869 | +€21,678 |
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 22 October 2026 via checked.be.