START OFFICE: 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.
START OFFICE
Largest movements
- Cash -€5,981
down €5,981 (-20.3%), from €29,465 to €23,483
mainly Tax, wage and social debts (-€11,275) and Receivables within one year (-€1,763)
- Tax, wage and social debts -€11,275
down €11,275 (-88.6%), from €12,724 to €1,449
of which Remuneration and social security: -€8,185
- Trade debts +€5,952
up €5,952 (+164.5%), from €3,617 to €9,569
- Gross operating margin -€55,196
down €55,196 (-83.9%), from €65,793 to €10,596
- Staff costs -€36,423
down €36,423 (-80.7%), from €45,160 to €8,737
- Financial charges -€978
down €978 (-69.9%), from €1,398 to €420
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 | €230,835 | €224,264 | -€6,571 | -2.8% |
| Fixed assets | 21/28 | €9,552 | €7,449 | -€2,103 | -22.0% |
| Tangible fixed assets | 22/27 | €7,352 | €5,249 | -€2,103 | -28.6% |
| Furniture and vehicles | 24 | €3,557 | €2,620 | -€936 | -26.3% |
| Other tangible fixed assets | 26 | €3,796 | €2,629 | -€1,167 | -30.7% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €221,282 | €216,815 | -€4,467 | -2.0% |
| Amounts receivable after more than one year | 29 | €173,282 | €173,282 | = | 0.0% |
| Trade receivables | 290 | €173,282 | €173,282 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,707 | €13,470 | +€1,763 | +15.1% |
| Trade receivables | 40 | €11,707 | €13,470 | +€1,763 | +15.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,465 | €23,483 | -€5,981 | -20.3% |
| Deferred charges and accrued income | 490/1 | €6,829 | €6,579 | -€249 | -3.7% |
| Total equity and liabilities | 10/49 | €230,835 | €224,264 | -€6,571 | -2.8% |
| Equity | 10/15 | €214,494 | €213,001 | -€1,493 | -0.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,506 | -€36,999 | -€1,493 | -4.2% |
| Amounts payable | 17/49 | €16,341 | €11,263 | -€5,078 | -31.1% |
| Amounts payable within one year | 42/48 | €16,341 | €11,263 | -€5,078 | -31.1% |
| Trade debts | 44 | €3,617 | €9,569 | +€5,952 | +164.5% |
| Suppliers | 440/4 | €3,617 | €9,569 | +€5,952 | +164.5% |
| Taxes, remuneration and social security | 45 | €12,724 | €1,449 | -€11,275 | -88.6% |
| Taxes | 450/3 | €4,421 | €1,331 | -€3,090 | -69.9% |
| Remuneration and social security | 454/9 | €8,303 | €117 | -€8,185 | -98.6% |
| Other amounts payable | 47/48 | €0 | €245 | +€245 | |
| Remuneration, social security and pensions | 62 | €45,160 | €8,737 | -€36,423 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €2,103 | -€381 | -15.3% |
| Other operating charges | 640/8 | €579 | €839 | +€259 | +44.8% |
| Gross operating margin | 9900 | €65,793 | €10,596 | -€55,196 | -83.9% |
| Operating profit (loss) | 9901 | €17,569 | -€1,082 | -€18,652 | |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €1,398 | €420 | -€978 | -69.9% |
| Recurring financial charges | 65 | €1,398 | €420 | -€978 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €16,171 | -€1,493 | -€17,664 | |
| Profit (loss) for the period | 9904 | €16,171 | -€1,493 | -€17,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,171 | -€1,493 | -€17,664 |
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 9 October 2026 via checked.be.