spaces by n: 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.
spaces by n
Largest movements
- Cash -€5,189
down €5,189 (-66.0%), from €7,857 to €2,668
mainly Tax, wage and social debts (-€4,875) and Other debts (-€3,645)
- Receivables within one year -€2,393
down €2,393 (-67.5%), from €3,544 to €1,151
- Tangible fixed assets -€1,036
down €1,036 (-92.6%), from €1,119 to €82
of which Furniture and vehicles: -€975
- Deferred charges and accrued income -€688
down €688 (-54.5%), from €1,263 to €575
- Tax, wage and social debts -€4,875
down €4,875 (-97.1%), from €5,022 to €147
- Other debts -€3,645
down €3,645 (-22.4%), from €16,241 to €12,596
- Profit (loss) carried forward -€839
down €839 (-9.9%), from -€8,480 to -€9,319
- Gross operating margin -€19,183
down €19,183 (-85.7%), from €22,375 to €3,192
- Depreciation -€12,121
down €12,121 (-92.1%), from €13,158 to €1,036
- Financial charges +€937
up €937 (+97.3%), from €963 to €1,900
- Other operating charges -€256
down €256 (-21.2%), from €1,207 to €951
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 | €13,783 | €4,476 | -€9,307 | -67.5% |
| Fixed assets | 21/28 | €1,119 | €82 | -€1,036 | -92.6% |
| Tangible fixed assets | 22/27 | €1,119 | €82 | -€1,036 | -92.6% |
| Plant, machinery and equipment | 23 | €144 | €82 | -€61 | -42.6% |
| Furniture and vehicles | 24 | €975 | - | -€975 | |
| Current assets | 29/58 | €12,664 | €4,394 | -€8,270 | -65.3% |
| Amounts receivable within one year | 40/41 | €3,544 | €1,151 | -€2,393 | -67.5% |
| Other amounts receivable | 41 | €3,544 | €1,151 | -€2,393 | -67.5% |
| Cash at bank and in hand | 54/58 | €7,857 | €2,668 | -€5,189 | -66.0% |
| Deferred charges and accrued income | 490/1 | €1,263 | €575 | -€688 | -54.5% |
| Total equity and liabilities | 10/49 | €13,783 | €4,476 | -€9,307 | -67.5% |
| Equity | 10/15 | -€7,480 | -€8,319 | -€839 | -11.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,480 | -€9,319 | -€839 | -9.9% |
| Amounts payable | 17/49 | €21,263 | €12,795 | -€8,468 | -39.8% |
| Amounts payable within one year | 42/48 | €21,263 | €12,795 | -€8,468 | -39.8% |
| Trade debts | 44 | - | €53 | +€53 | |
| Suppliers | 440/4 | - | €53 | +€53 | |
| Taxes, remuneration and social security | 45 | €5,022 | €147 | -€4,875 | -97.1% |
| Taxes | 450/3 | €5,022 | €147 | -€4,875 | -97.1% |
| Other amounts payable | 47/48 | €16,241 | €12,596 | -€3,645 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,158 | €1,036 | -€12,121 | -92.1% |
| Other operating charges | 640/8 | €1,207 | €951 | -€256 | -21.2% |
| Gross operating margin | 9900 | €22,375 | €3,192 | -€19,183 | -85.7% |
| Operating profit (loss) | 9901 | €8,010 | €1,204 | -€6,806 | -85.0% |
| Financial income | 75/76B | €0 | €4 | +€3 | +1,844% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +1,844% |
| Financial charges | 65/66B | €963 | €1,900 | +€937 | +97.3% |
| Recurring financial charges | 65 | €963 | €1,900 | +€937 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €7,047 | -€692 | -€7,739 | |
| Income taxes | 67/77 | €145 | €147 | +€2 | +1.7% |
| Profit (loss) for the period | 9904 | €6,903 | -€839 | -€7,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,903 | -€839 | -€7,742 |
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 31 October 2026 via checked.be.