SPLIT: 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.
SPLIT
Largest movements
- Tangible fixed assets -€12,515
down €12,515 (-23.4%), from €53,554 to €41,039
of which Other tangible fixed assets: -€11,569
- Receivables within one year -€9,784
down €9,784 (-13.3%), from €73,509 to €63,724
of which Trade receivables: -€28,754
- Deferred charges and accrued income -€2,623
down €2,623 (-22.1%), from €11,888 to €9,265
- Trade debts -€26,285
down €26,285 (-90.9%), from €28,909 to €2,623
- Profit (loss) carried forward +€14,026
up €14,026 (+15.0%), from -€93,441 to -€79,416
- Tax, wage and social debts -€6,692
down €6,692 (-11.9%), from €56,099 to €49,407
of which Remuneration and social security: -€13,809
- Other debts -€4,699
down €4,699 (-3.1%), from €152,434 to €147,735
- Depreciation -€8,175
down €8,175 (-39.5%), from €20,690 to €12,515
- Gross operating margin +€7,301
up €7,301 (+6.9%), from €105,797 to €113,097
- Financial charges -€1,568
down €1,568 (-26.4%), from €5,935 to €4,368
- Staff costs -€1,495
down €1,495 (-1.8%), from €82,645 to €81,150
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 | €150,289 | €125,350 | -€24,939 | -16.6% |
| Fixed assets | 21/28 | €53,792 | €41,277 | -€12,515 | -23.3% |
| Tangible fixed assets | 22/27 | €53,554 | €41,039 | -€12,515 | -23.4% |
| Plant, machinery and equipment | 23 | €809 | €444 | -€366 | -45.2% |
| Furniture and vehicles | 24 | €580 | €0 | -€580 | -100.0% |
| Other tangible fixed assets | 26 | €52,165 | €40,596 | -€11,569 | -22.2% |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €96,497 | €84,073 | -€12,424 | -12.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,509 | €63,724 | -€9,784 | -13.3% |
| Trade receivables | 40 | €34,701 | €5,948 | -€28,754 | -82.9% |
| Other amounts receivable | 41 | €38,808 | €57,777 | +€18,969 | +48.9% |
| Cash at bank and in hand | 54/58 | €6,100 | €6,083 | -€17 | -0.3% |
| Deferred charges and accrued income | 490/1 | €11,888 | €9,265 | -€2,623 | -22.1% |
| Total equity and liabilities | 10/49 | €150,289 | €125,350 | -€24,939 | -16.6% |
| Equity | 10/15 | -€88,441 | -€74,416 | +€14,026 | +15.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,441 | -€79,416 | +€14,026 | +15.0% |
| Amounts payable | 17/49 | €238,730 | €199,766 | -€38,964 | -16.3% |
| Amounts payable within one year | 42/48 | €237,442 | €199,766 | -€37,676 | -15.9% |
| Trade debts | 44 | €28,909 | €2,623 | -€26,285 | -90.9% |
| Suppliers | 440/4 | €28,909 | €2,623 | -€26,285 | -90.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €56,099 | €49,407 | -€6,692 | -11.9% |
| Taxes | 450/3 | €16,418 | €23,535 | +€7,117 | +43.3% |
| Remuneration and social security | 454/9 | €39,681 | €25,872 | -€13,809 | -34.8% |
| Other amounts payable | 47/48 | €152,434 | €147,735 | -€4,699 | -3.1% |
| Accrued charges and deferred income | 492/3 | €1,288 | €0 | -€1,288 | -100.0% |
| Remuneration, social security and pensions | 62 | €82,645 | €81,150 | -€1,495 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,690 | €12,515 | -€8,175 | -39.5% |
| Other operating charges | 640/8 | €2,929 | €3,985 | +€1,056 | +36.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €105,797 | €113,097 | +€7,301 | +6.9% |
| Operating profit (loss) | 9901 | -€467 | €15,448 | +€15,915 | |
| Financial income | 75/76B | €1,967 | €3,086 | +€1,119 | +56.9% |
| Recurring financial income | 75 | €1,967 | €3,086 | +€1,119 | +56.9% |
| Financial charges | 65/66B | €5,935 | €4,368 | -€1,568 | -26.4% |
| Recurring financial charges | 65 | €5,935 | €4,368 | -€1,568 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,435 | €14,166 | +€18,601 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€4,575 | €14,026 | +€18,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,575 | €14,026 | +€18,600 |
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 28 September 2026 via checked.be.