SPLIT ACES: 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.
SPLIT ACES
Largest movements
- Cash -€16,183
down €16,183 (-58.1%), from €27,872 to €11,690
mainly Net result for the year (-€20,480) and Investment in fixed assets (net) (-€15,397)
- Intangible fixed assets +€7,996
new in 2025: €7,996
- Receivables within one year +€6,150
up €6,150 (+39.3%), from €15,665 to €21,815
of which Trade receivables: +€8,365
- Tangible fixed assets -€4,518
down €4,518 (-7.5%), from €60,264 to €55,745
of which Furniture and vehicles: -€3,258
- Reserves -€20,480
down €20,480 (-24.7%), from €82,974 to €62,493
- Trade debts +€14,114
up €14,114 (+1697.3%), from €832 to €14,945
- Gross operating margin -€15,559
down €15,559, from €6,040 to -€9,519
- Financial income +€1,826
up €1,826 (+767.4%), from €238 to €2,064
- Depreciation +€1,427
up €1,427 (+13.6%), from €10,493 to €11,920
- Other operating charges -€998
down €998 (-55.2%), from €1,807 to €810
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 | €103,801 | €97,246 | -€6,555 | -6.3% |
| Fixed assets | 21/28 | €60,264 | €63,741 | +€3,477 | +5.8% |
| Intangible fixed assets | 21 | - | €7,996 | +€7,996 | |
| Tangible fixed assets | 22/27 | €60,264 | €55,745 | -€4,518 | -7.5% |
| Land and buildings | 22 | €55,241 | €53,981 | -€1,260 | -2.3% |
| Furniture and vehicles | 24 | €5,023 | €1,764 | -€3,258 | -64.9% |
| Current assets | 29/58 | €43,537 | €33,505 | -€10,032 | -23.0% |
| Amounts receivable within one year | 40/41 | €15,665 | €21,815 | +€6,150 | +39.3% |
| Trade receivables | 40 | €4,867 | €13,232 | +€8,365 | +171.9% |
| Other amounts receivable | 41 | €10,798 | €8,583 | -€2,215 | -20.5% |
| Cash at bank and in hand | 54/58 | €27,872 | €11,690 | -€16,183 | -58.1% |
| Total equity and liabilities | 10/49 | €103,801 | €97,246 | -€6,555 | -6.3% |
| Equity | 10/15 | €101,574 | €81,093 | -€20,480 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,974 | €62,493 | -€20,480 | -24.7% |
| Distributable reserves | 133 | €82,974 | €62,493 | -€20,480 | -24.7% |
| Amounts payable | 17/49 | €2,227 | €16,152 | +€13,925 | +625.2% |
| Amounts payable within one year | 42/48 | €1,020 | €14,945 | +€13,925 | +1365.2% |
| Trade debts | 44 | €832 | €14,945 | +€14,114 | +1697.3% |
| Suppliers | 440/4 | €832 | €14,945 | +€14,114 | +1697.3% |
| Taxes, remuneration and social security | 45 | €188 | - | -€188 | |
| Taxes | 450/3 | €188 | - | -€188 | |
| Accrued charges and deferred income | 492/3 | €1,207 | €1,207 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,493 | €11,920 | +€1,427 | +13.6% |
| Other operating charges | 640/8 | €1,807 | €810 | -€998 | -55.2% |
| Gross operating margin | 9900 | €6,040 | -€9,519 | -€15,559 | |
| Operating profit (loss) | 9901 | -€6,260 | -€22,248 | -€15,988 | -255.4% |
| Financial income | 75/76B | €238 | €2,064 | +€1,826 | +767.4% |
| Recurring financial income | 75 | €238 | €2,064 | +€1,826 | +767.4% |
| Financial charges | 65/66B | €262 | €296 | +€34 | +12.9% |
| Recurring financial charges | 65 | €262 | €296 | +€34 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,284 | -€20,480 | -€14,196 | -225.9% |
| Profit (loss) for the period | 9904 | -€6,284 | -€20,480 | -€14,196 | -225.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,284 | -€20,480 | -€14,196 | -225.9% |
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 12 October 2026 via checked.be.