STEP BY STEPPES: 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.
STEP BY STEPPES
Largest movements
- Receivables within one year -€193,966
down €193,966 (-36.4%), from €532,599 to €338,633
of which Other amounts receivable: -€198,925
- Cash +€6,048
up €6,048 (+136.7%), from €4,423 to €10,471
mainly Receivables within one year (+€193,966) and Net result for the year (+€29,167)
- Debts after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Provisions -€69,235
down €69,235 (-92.6%), from €74,757 to €5,522
- Trade debts -€55,193
down €55,193 (-63.9%), from €86,391 to €31,198
- Profit (loss) carried forward +€29,167
up €29,167 (+126.9%), from €22,988 to €52,155
- Tax, wage and social debts +€7,005
up €7,005 (+193.3%), from €3,624 to €10,629
- Gross operating margin +€52,714
up €52,714 (+65.0%), from -€81,096 to -€28,382
- Provisions +€37,739
up €37,739 (+35.3%), from -€106,974 to -€69,235
- Write-downs +€4,478
up €4,478, from -€4,478 to €0
- Taxes -€4,294
down €4,294 (-38.9%), from €11,052 to €6,758
- Other operating charges -€2,231
down €2,231 (-87.3%), from €2,556 to €325
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 | €542,625 | €354,504 | -€188,122 | -34.7% |
| Fixed assets | 21/28 | €5,400 | €5,400 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €537,225 | €349,104 | -€188,122 | -35.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €532,599 | €338,633 | -€193,966 | -36.4% |
| Trade receivables | 40 | €4,501 | €9,460 | +€4,959 | +110.2% |
| Other amounts receivable | 41 | €528,098 | €329,172 | -€198,925 | -37.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,423 | €10,471 | +€6,048 | +136.7% |
| Deferred charges and accrued income | 490/1 | €204 | €0 | -€204 | -100.0% |
| Total equity and liabilities | 10/49 | €542,625 | €354,504 | -€188,122 | -34.7% |
| Equity | 10/15 | €277,548 | €306,715 | +€29,167 | +10.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €248,060 | €248,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €247,410 | €247,410 | = | 0.0% |
| Distributable reserves | 133 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,988 | €52,155 | +€29,167 | +126.9% |
| Provisions and deferred taxes | 16 | €74,757 | €5,522 | -€69,235 | -92.6% |
| Provisions for liabilities and charges | 160/5 | €74,757 | €5,522 | -€69,235 | -92.6% |
| Other liabilities and charges | 164/5 | €74,757 | €5,522 | -€69,235 | -92.6% |
| Amounts payable | 17/49 | €190,321 | €42,267 | -€148,053 | -77.8% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100.0% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts payable within one year | 42/48 | €90,316 | €42,267 | -€48,049 | -53.2% |
| Trade debts | 44 | €86,391 | €31,198 | -€55,193 | -63.9% |
| Suppliers | 440/4 | €86,391 | €31,198 | -€55,193 | -63.9% |
| Advances received on contracts in progress | 46 | €220 | €440 | +€220 | +100.2% |
| Taxes, remuneration and social security | 45 | €3,624 | €10,629 | +€7,005 | +193.3% |
| Taxes | 450/3 | €3,624 | €10,629 | +€7,005 | +193.3% |
| Other amounts payable | 47/48 | €81 | €0 | -€81 | -100.0% |
| Accrued charges and deferred income | 492/3 | €5 | €0 | -€5 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,478 | €0 | +€4,478 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€106,974 | -€69,235 | +€37,739 | +35.3% |
| Other operating charges | 640/8 | €2,556 | €325 | -€2,231 | -87.3% |
| Non-recurring operating charges | 66A | - | €4,252 | +€4,252 | |
| Gross operating margin | 9900 | -€81,096 | -€28,382 | +€52,714 | +65.0% |
| Operating profit (loss) | 9901 | €27,800 | €36,276 | +€8,475 | +30.5% |
| Financial income | 75/76B | €1,387 | €14 | -€1,374 | -99.0% |
| Recurring financial income | 75 | €1,387 | €14 | -€1,374 | -99.0% |
| Financial charges | 65/66B | €452 | €365 | -€88 | -19.4% |
| Recurring financial charges | 65 | €452 | €365 | -€88 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €28,735 | €35,924 | +€7,189 | +25.0% |
| Income taxes | 67/77 | €11,052 | €6,758 | -€4,294 | -38.9% |
| Profit (loss) for the period | 9904 | €17,683 | €29,167 | +€11,483 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,683 | €29,167 | +€11,483 | +64.9% |
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 10 October 2026 via checked.be.