SPECIAL: 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.
SPECIAL
Largest movements
- Receivables within one year -€48,998
down €48,998 (-85.5%), from €57,311 to €8,313
of which Other amounts receivable: -€38,257
- Tangible fixed assets +€22,954
up €22,954 (+338%), from €6,801 to €29,755
of which Furniture and vehicles: +€27,540
- Cash +€7,941
up €7,941 (+67.2%), from €11,819 to €19,760
mainly Receivables within one year (+€48,998) and Contributions, distributions and other (+€9,212)
- Financial fixed assets -€4,050
no longer reported in 2025 (was €4,050)
- Trade debts -€38,468
no longer reported in 2025 (was €38,468)
- Reserves +€9,212
new in 2025: €9,212
- Other debts +€7,552
new in 2025: €7,552
- Profit (loss) carried forward -€1,290
down €1,290 (-9.0%), from €14,361 to €13,071
- Tax, wage and social debts +€841
up €841 (+11.8%), from €7,152 to €7,993
- Turnover -€256,995
no longer reported in 2025 (was €256,995)
- Purchases and services -€190,384
no longer reported in 2025 (was €190,384)
- Gross operating margin -€46,899
down €46,899 (-70.4%), from €66,611 to €19,712
- Staff costs -€20,637
down €20,637 (-72.8%), from €28,350 to €7,714
- Financial charges +€4,586
up €4,586 (+2,389%), from €192 to €4,778
of which Non-recurring financial charges: +€4,586
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 | €79,981 | €57,829 | -€22,152 | -27.7% |
| Fixed assets | 21/28 | €10,851 | €29,755 | +€18,904 | +174% |
| Tangible fixed assets | 22/27 | €6,801 | €29,755 | +€22,954 | +338% |
| Plant, machinery and equipment | 23 | €4,586 | - | -€4,586 | |
| Furniture and vehicles | 24 | €2,215 | €29,755 | +€27,540 | +1,243% |
| Financial fixed assets | 28 | €4,050 | - | -€4,050 | |
| Current assets | 29/58 | €69,130 | €28,073 | -€41,057 | -59.4% |
| Amounts receivable within one year | 40/41 | €57,311 | €8,313 | -€48,998 | -85.5% |
| Trade receivables | 40 | €17,447 | €6,705 | -€10,741 | -61.6% |
| Other amounts receivable | 41 | €39,864 | €1,607 | -€38,257 | -96.0% |
| Cash at bank and in hand | 54/58 | €11,819 | €19,760 | +€7,941 | +67.2% |
| Total equity and liabilities | 10/49 | €79,981 | €57,829 | -€22,152 | -27.7% |
| Equity | 10/15 | €34,361 | €42,283 | +€7,922 | +23.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €9,212 | +€9,212 | |
| Distributable reserves | 133 | - | €9,212 | +€9,212 | |
| Profit (loss) carried forward | 14 | €14,361 | €13,071 | -€1,290 | -9.0% |
| Amounts payable | 17/49 | €45,620 | €15,545 | -€30,075 | -65.9% |
| Amounts payable within one year | 42/48 | €45,620 | €15,545 | -€30,075 | -65.9% |
| Trade debts | 44 | €38,468 | - | -€38,468 | |
| Suppliers | 440/4 | €38,468 | - | -€38,468 | |
| Taxes, remuneration and social security | 45 | €7,152 | €7,993 | +€841 | +11.8% |
| Taxes | 450/3 | €7,152 | €7,993 | +€841 | +11.8% |
| Other amounts payable | 47/48 | - | €7,552 | +€7,552 | |
| Turnover | 70 | €256,995 | - | -€256,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €190,384 | - | -€190,384 | |
| Remuneration, social security and pensions | 62 | €28,350 | €7,714 | -€20,637 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,977 | €2,649 | -€328 | -11.0% |
| Other operating charges | 640/8 | €4,610 | €3,373 | -€1,238 | -26.8% |
| Gross operating margin | 9900 | €66,611 | €19,712 | -€46,899 | -70.4% |
| Operating profit (loss) | 9901 | €30,673 | €5,977 | -€24,696 | -80.5% |
| Financial income | 75/76B | €1,435 | €516 | -€919 | -64.0% |
| Recurring financial income | 75 | €1,435 | €2 | -€1,434 | -99.9% |
| Non-recurring financial income | 76B | - | €514 | +€514 | |
| Financial charges | 65/66B | €192 | €4,778 | +€4,586 | +2,389% |
| Recurring financial charges | 65 | €192 | €192 | +€0 | 0.0% |
| Non-recurring financial charges | 66B | - | €4,586 | +€4,586 | |
| Profit (loss) for the period before taxes | 9903 | €31,916 | €1,715 | -€30,202 | -94.6% |
| Income taxes | 67/77 | €7,089 | €3,005 | -€4,084 | -57.6% |
| Profit (loss) for the period | 9904 | €24,827 | -€1,290 | -€26,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,827 | -€1,290 | -€26,117 |
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 16 October 2026 via checked.be.