STEP UP: 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.
STEP UP
Largest movements
- Cash -€31,969
down €31,969 (-56.6%), from €56,471 to €24,502
mainly Net result for the year (-€29,793) and Debts after one year (-€19,601)
- Tangible fixed assets -€11,025
down €11,025 (-31.6%), from €34,841 to €23,816
of which Furniture and vehicles: -€10,147
- Receivables within one year +€1,150
up €1,150 (+90.5%), from €1,271 to €2,420
- Profit (loss) carried forward -€29,793
down €29,793, from €8,275 to -€21,518
- Debts after one year -€19,601
no longer reported in 2025 (was €19,601)
- Current portion of long-term debt +€11,999
up €11,999 (+157.8%), from €7,602 to €19,601
- Tax, wage and social debts -€9,218
down €9,218 (-39.5%), from €23,331 to €14,113
- Other debts +€8,447
up €8,447 (+246.9%), from €3,421 to €11,868
- Gross operating margin -€27,086
down €27,086, from €10,509 to -€16,578
- Other operating charges -€1,891
down €1,891 (-72.9%), from €2,595 to €704
- Depreciation -€1,297
down €1,297 (-10.5%), from €12,322 to €11,025
- Financial charges -€511
down €511 (-34.3%), from €1,488 to €978
- Staff costs +€219
up €219 (+75.5%), from €290 to €509
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 | €95,799 | €53,769 | -€42,030 | -43.9% |
| Fixed assets | 21/28 | €35,031 | €24,006 | -€11,025 | -31.5% |
| Tangible fixed assets | 22/27 | €34,841 | €23,816 | -€11,025 | -31.6% |
| Land and buildings | 22 | €616 | €494 | -€123 | -19.9% |
| Plant, machinery and equipment | 23 | €640 | €72 | -€569 | -88.8% |
| Furniture and vehicles | 24 | €32,976 | €22,829 | -€10,147 | -30.8% |
| Other tangible fixed assets | 26 | €609 | €421 | -€187 | -30.8% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €60,768 | €29,763 | -€31,005 | -51.0% |
| Amounts receivable within one year | 40/41 | €1,271 | €2,420 | +€1,150 | +90.5% |
| Trade receivables | 40 | €1,271 | €2,420 | +€1,150 | +90.5% |
| Cash at bank and in hand | 54/58 | €56,471 | €24,502 | -€31,969 | -56.6% |
| Deferred charges and accrued income | 490/1 | €3,027 | €2,841 | -€186 | -6.1% |
| Total equity and liabilities | 10/49 | €95,799 | €53,769 | -€42,030 | -43.9% |
| Equity | 10/15 | €36,259 | €6,466 | -€29,793 | -82.2% |
| Contributions | 10/11 | €23,371 | €23,371 | = | 0.0% |
| Reserves | 13 | €4,613 | €4,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,613 | €4,613 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,613 | €4,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,275 | -€21,518 | -€29,793 | |
| Amounts payable | 17/49 | €59,540 | €47,303 | -€12,237 | -20.6% |
| Amounts payable after more than one year | 17 | €19,601 | - | -€19,601 | |
| Financial debts | 170/4 | €19,601 | - | -€19,601 | |
| Amounts payable within one year | 42/48 | €36,894 | €47,303 | +€10,409 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €7,602 | €19,601 | +€11,999 | +157.8% |
| Trade debts | 44 | €2,540 | €1,721 | -€819 | -32.2% |
| Suppliers | 440/4 | €2,540 | €1,721 | -€819 | -32.2% |
| Taxes, remuneration and social security | 45 | €23,331 | €14,113 | -€9,218 | -39.5% |
| Taxes | 450/3 | €23,331 | €14,113 | -€9,218 | -39.5% |
| Other amounts payable | 47/48 | €3,421 | €11,868 | +€8,447 | +246.9% |
| Accrued charges and deferred income | 492/3 | €3,046 | - | -€3,046 | |
| Remuneration, social security and pensions | 62 | €290 | €509 | +€219 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,322 | €11,025 | -€1,297 | -10.5% |
| Other operating charges | 640/8 | €2,595 | €704 | -€1,891 | -72.9% |
| Gross operating margin | 9900 | €10,509 | -€16,578 | -€27,086 | |
| Operating profit (loss) | 9901 | -€4,699 | -€28,815 | -€24,117 | -513.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,488 | €978 | -€511 | -34.3% |
| Recurring financial charges | 65 | €1,488 | €978 | -€511 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,179 | -€29,793 | -€23,614 | -382.2% |
| Profit (loss) for the period | 9904 | -€6,179 | -€29,793 | -€23,614 | -382.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,179 | -€29,793 | -€23,614 | -382.2% |
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 5 October 2026 via checked.be.