STOCKS: 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.
STOCKS
Largest movements
- Receivables within one year -€46,138
down €46,138 (-80.3%), from €57,472 to €11,334
of which Trade receivables: -€51,476
- Cash +€15,476
up €15,476 (+341.8%), from €4,528 to €20,004
mainly Receivables within one year (+€46,138) and Other debts (+€32,712)
- Tangible fixed assets -€3,807
down €3,807 (-79.8%), from €4,768 to €961
of which Furniture and vehicles: -€3,515
- Other debts +€32,712
up €32,712 (+594.8%), from €5,500 to €38,212
- Trade debts -€31,832
down €31,832 (-99.2%), from €32,075 to €243
- Profit (loss) carried forward -€28,391
down €28,391 (-67.0%), from -€42,376 to -€70,767
- Tax, wage and social debts -€7,423
down €7,423 (-93.2%), from €7,962 to €539
- Gross operating margin -€35,002
down €35,002, from €11,652 to -€23,350
- Depreciation -€1,351
down €1,351 (-26.2%), from €5,158 to €3,807
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 | €67,419 | €32,485 | -€34,934 | -51.8% |
| Fixed assets | 21/28 | €4,768 | €961 | -€3,807 | -79.8% |
| Tangible fixed assets | 22/27 | €4,768 | €961 | -€3,807 | -79.8% |
| Plant, machinery and equipment | 23 | €850 | €558 | -€292 | -34.3% |
| Furniture and vehicles | 24 | €3,918 | €403 | -€3,515 | -89.7% |
| Current assets | 29/58 | €62,650 | €31,524 | -€31,127 | -49.7% |
| Amounts receivable within one year | 40/41 | €57,472 | €11,334 | -€46,138 | -80.3% |
| Trade receivables | 40 | €54,134 | €2,658 | -€51,476 | -95.1% |
| Other amounts receivable | 41 | €3,338 | €8,676 | +€5,337 | +159.9% |
| Cash at bank and in hand | 54/58 | €4,528 | €20,004 | +€15,476 | +341.8% |
| Deferred charges and accrued income | 490/1 | €650 | €185 | -€465 | -71.5% |
| Total equity and liabilities | 10/49 | €67,419 | €32,485 | -€34,934 | -51.8% |
| Equity | 10/15 | €21,882 | -€6,510 | -€28,391 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,284 | €2,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,284 | €2,284 | = | 0.0% |
| Legal reserve | 130 | €2,284 | €2,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,376 | -€70,767 | -€28,391 | -67.0% |
| Amounts payable | 17/49 | €45,537 | €38,994 | -€6,543 | -14.4% |
| Amounts payable within one year | 42/48 | €45,537 | €38,994 | -€6,543 | -14.4% |
| Trade debts | 44 | €32,075 | €243 | -€31,832 | -99.2% |
| Suppliers | 440/4 | €32,075 | €243 | -€31,832 | -99.2% |
| Taxes, remuneration and social security | 45 | €7,962 | €539 | -€7,423 | -93.2% |
| Taxes | 450/3 | €7,962 | €539 | -€7,423 | -93.2% |
| Other amounts payable | 47/48 | €5,500 | €38,212 | +€32,712 | +594.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,158 | €3,807 | -€1,351 | -26.2% |
| Other operating charges | 640/8 | €777 | €785 | +€8 | +1.0% |
| Gross operating margin | 9900 | €11,652 | -€23,350 | -€35,002 | |
| Operating profit (loss) | 9901 | €5,716 | -€27,943 | -€33,659 | |
| Financial charges | 65/66B | €142 | €65 | -€76 | -53.9% |
| Recurring financial charges | 65 | €142 | €65 | -€76 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €5,574 | -€28,008 | -€33,582 | |
| Income taxes | 67/77 | €539 | €383 | -€156 | -29.0% |
| Profit (loss) for the period | 9904 | €5,035 | -€28,391 | -€33,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,035 | -€28,391 | -€33,426 |
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 29 September 2026 via checked.be.