STANDPUNT: 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.
STANDPUNT
Largest movements
- Receivables after one year -€13,843
down €13,843 (-27.7%), from €50,000 to €36,157
- Cash -€12,285
down €12,285 (-71.3%), from €17,220 to €4,935
mainly Other debts (-€17,432) and Investment in fixed assets (net) (-€15,272)
- Tangible fixed assets -€11,649
down €11,649 (-7.7%), from €150,638 to €138,990
of which Leasing and similar rights: -€11,498
- Receivables within one year -€2,865
down €2,865 (-10.1%), from €28,292 to €25,426
- Other debts -€17,432
no longer reported in 2025 (was €17,432)
- Debts after one year -€11,795
down €11,795 (-40.0%), from €29,496 to €17,701
- Current portion of long-term debt -€11,119
down €11,119 (-48.5%), from €22,914 to €11,795
- Tax, wage and social debts -€6,250
down €6,250 (-42.4%), from €14,726 to €8,476
of which Taxes: -€9,222
- Trade debts +€3,535
up €3,535 (+128.3%), from €2,754 to €6,289
- Depreciation -€10,095
down €10,095 (-27.3%), from €37,016 to €26,921
- Gross operating margin -€4,018
down €4,018 (-9.4%), from €42,543 to €38,525
- Financial charges -€2,134
down €2,134 (-46.0%), from €4,640 to €2,507
- Other operating charges -€1,297
down €1,297 (-33.7%), from €3,854 to €2,557
- Taxes +€1,264
up €1,264 (+13506.7%), from €9 to €1,274
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 | €246,150 | €205,508 | -€40,642 | -16.5% |
| Fixed assets | 21/28 | €150,638 | €138,990 | -€11,649 | -7.7% |
| Tangible fixed assets | 22/27 | €150,638 | €138,990 | -€11,649 | -7.7% |
| Land and buildings | 22 | €82,391 | €90,820 | +€8,428 | +10.2% |
| Plant, machinery and equipment | 23 | €25,466 | €18,627 | -€6,838 | -26.9% |
| Furniture and vehicles | 24 | €3,500 | €1,759 | -€1,741 | -49.7% |
| Leasing and similar rights | 25 | €39,282 | €27,784 | -€11,498 | -29.3% |
| Current assets | 29/58 | €95,512 | €66,519 | -€28,993 | -30.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €36,157 | -€13,843 | -27.7% |
| Other amounts receivable | 291 | €50,000 | €36,157 | -€13,843 | -27.7% |
| Amounts receivable within one year | 40/41 | €28,292 | €25,426 | -€2,865 | -10.1% |
| Trade receivables | 40 | €28,292 | €25,426 | -€2,865 | -10.1% |
| Cash at bank and in hand | 54/58 | €17,220 | €4,935 | -€12,285 | -71.3% |
| Total equity and liabilities | 10/49 | €246,150 | €205,508 | -€40,642 | -16.5% |
| Equity | 10/15 | €158,828 | €161,248 | +€2,420 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,305 | €155,048 | +€743 | +0.5% |
| Distributable reserves | 133 | €154,305 | €155,048 | +€743 | +0.5% |
| Profit (loss) carried forward | 14 | -€1,677 | - | +€1,677 | |
| Amounts payable | 17/49 | €87,322 | €44,261 | -€43,061 | -49.3% |
| Amounts payable after more than one year | 17 | €29,496 | €17,701 | -€11,795 | -40.0% |
| Financial debts | 170/4 | €29,496 | €17,701 | -€11,795 | -40.0% |
| Amounts payable within one year | 42/48 | €57,826 | €26,560 | -€31,266 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €22,914 | €11,795 | -€11,119 | -48.5% |
| Trade debts | 44 | €2,754 | €6,289 | +€3,535 | +128.3% |
| Suppliers | 440/4 | €2,754 | €6,289 | +€3,535 | +128.3% |
| Taxes, remuneration and social security | 45 | €14,726 | €8,476 | -€6,250 | -42.4% |
| Taxes | 450/3 | €14,726 | €5,504 | -€9,222 | -62.6% |
| Remuneration and social security | 454/9 | - | €2,972 | +€2,972 | |
| Other amounts payable | 47/48 | €17,432 | - | -€17,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,016 | €26,921 | -€10,095 | -27.3% |
| Other operating charges | 640/8 | €3,854 | €2,557 | -€1,297 | -33.7% |
| Non-recurring operating charges | 66A | - | €4,147 | +€4,147 | |
| Gross operating margin | 9900 | €42,543 | €38,525 | -€4,018 | -9.4% |
| Operating profit (loss) | 9901 | €1,672 | €4,900 | +€3,228 | +193.0% |
| Financial income | 75/76B | €1,300 | €1,300 | = | 0.0% |
| Recurring financial income | 75 | €1,300 | €1,300 | = | 0.0% |
| Financial charges | 65/66B | €4,640 | €2,507 | -€2,134 | -46.0% |
| Recurring financial charges | 65 | €4,640 | €2,507 | -€2,134 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,668 | €3,693 | +€5,362 | |
| Income taxes | 67/77 | €9 | €1,274 | +€1,264 | +13506.7% |
| Profit (loss) for the period | 9904 | -€1,677 | €2,420 | +€4,097 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,677 | €2,420 | +€4,097 |
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 4 October 2026 via checked.be.