SOURCELINE: 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.
SOURCELINE
Largest movements
- Receivables within one year -€30,411
down €30,411 (-21.8%), from €139,622 to €109,211
of which Trade receivables: -€38,326
- Cash -€27,019
down €27,019 (-92.1%), from €29,349 to €2,330
mainly Trade debts (-€46,509) and Other debts (-€6,108)
- Trade debts -€46,509
down €46,509 (-98.8%), from €47,054 to €545
- Other debts -€6,108
down €6,108 (-100.0%), from €6,108 to €0
- Profit (loss) carried forward -€5,080
down €5,080 (-5.3%), from €96,041 to €90,961
- Write-downs +€1,471
new in 2025: €1,471
- Gross operating margin +€557
up €557 (+15.0%), from -€3,706 to -€3,148
- Financial charges -€390
down €390 (-66.0%), from €590 to €201
- Financial income -€76
down €76 (-10.0%), from €761 to €685
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 | €169,821 | €111,966 | -€57,855 | -34.1% |
| Fixed assets | 21/28 | €849 | €425 | -€425 | -50.0% |
| Tangible fixed assets | 22/27 | €849 | €425 | -€425 | -50.0% |
| Plant, machinery and equipment | 23 | €849 | €425 | -€425 | -50.0% |
| Current assets | 29/58 | €168,971 | €111,541 | -€57,430 | -34.0% |
| Amounts receivable within one year | 40/41 | €139,622 | €109,211 | -€30,411 | -21.8% |
| Trade receivables | 40 | €47,973 | €9,647 | -€38,326 | -79.9% |
| Other amounts receivable | 41 | €91,649 | €99,564 | +€7,914 | +8.6% |
| Cash at bank and in hand | 54/58 | €29,349 | €2,330 | -€27,019 | -92.1% |
| Total equity and liabilities | 10/49 | €169,821 | €111,966 | -€57,855 | -34.1% |
| Equity | 10/15 | €116,501 | €111,421 | -€5,080 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,041 | €90,961 | -€5,080 | -5.3% |
| Amounts payable | 17/49 | €53,320 | €545 | -€52,775 | -99.0% |
| Amounts payable within one year | 42/48 | €53,320 | €545 | -€52,775 | -99.0% |
| Trade debts | 44 | €47,054 | €545 | -€46,509 | -98.8% |
| Suppliers | 440/4 | €47,054 | €545 | -€46,509 | -98.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €158 | €0 | -€158 | -100.0% |
| Taxes | 450/3 | €158 | €0 | -€158 | -100.0% |
| Other amounts payable | 47/48 | €6,108 | €0 | -€6,108 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €425 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,471 | +€1,471 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,706 | -€3,148 | +€557 | +15.0% |
| Operating profit (loss) | 9901 | -€4,636 | -€5,564 | -€928 | -20.0% |
| Financial income | 75/76B | €761 | €685 | -€76 | -10.0% |
| Recurring financial income | 75 | €761 | €685 | -€76 | -10.0% |
| Financial charges | 65/66B | €590 | €201 | -€390 | -66.0% |
| Recurring financial charges | 65 | €590 | €201 | -€390 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,465 | -€5,080 | -€615 | -13.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,465 | -€5,080 | -€615 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,465 | -€5,080 | -€615 | -13.8% |
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.