Structuur & Balans: 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.
Structuur & Balans
Largest movements
- Receivables within one year -€14,483
down €14,483 (-92.1%), from €15,730 to €1,247
of which Trade receivables: -€15,730
- Cash -€4,031
down €4,031 (-4.4%), from €92,151 to €88,120
mainly Net result for the year (-€13,238) and Investment in fixed assets (net) (-€7,519)
- Tangible fixed assets +€1,790
up €1,790 (+10.2%), from €17,523 to €19,312
of which Plant, machinery and equipment: +€1,561
- Profit (loss) carried forward -€13,238
new in 2025: -€13,238
- Other debts -€1,425
down €1,425 (-24.2%), from €5,875 to €4,451
- Trade debts -€1,263
down €1,263 (-62.6%), from €2,017 to €754
- Gross operating margin -€107,002
down €107,002, from €102,493 to -€4,509
- Taxes -€25,849
down €25,849 (-99.0%), from €26,114 to €265
- Staff costs +€2,458
new in 2025: €2,458
- Depreciation +€1,876
up €1,876 (+48.7%), from €3,853 to €5,730
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 | €125,404 | €108,955 | -€16,449 | -13.1% |
| Fixed assets | 21/28 | €17,523 | €19,312 | +€1,790 | +10.2% |
| Tangible fixed assets | 22/27 | €17,523 | €19,312 | +€1,790 | +10.2% |
| Land and buildings | 22 | €3,550 | €2,724 | -€826 | -23.3% |
| Plant, machinery and equipment | 23 | - | €1,561 | +€1,561 | |
| Furniture and vehicles | 24 | €13,973 | €15,027 | +€1,054 | +7.5% |
| Current assets | 29/58 | €107,881 | €89,642 | -€18,238 | -16.9% |
| Amounts receivable within one year | 40/41 | €15,730 | €1,247 | -€14,483 | -92.1% |
| Trade receivables | 40 | €15,730 | - | -€15,730 | |
| Other amounts receivable | 41 | - | €1,247 | +€1,247 | |
| Cash at bank and in hand | 54/58 | €92,151 | €88,120 | -€4,031 | -4.4% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €125,404 | €108,955 | -€16,449 | -13.1% |
| Equity | 10/15 | €107,182 | €93,945 | -€13,238 | -12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,182 | €102,182 | = | 0.0% |
| Distributable reserves | 133 | €102,182 | €102,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,238 | -€13,238 | |
| Amounts payable | 17/49 | €18,221 | €15,010 | -€3,211 | -17.6% |
| Amounts payable within one year | 42/48 | €18,221 | €15,010 | -€3,211 | -17.6% |
| Trade debts | 44 | €2,017 | €754 | -€1,263 | -62.6% |
| Suppliers | 440/4 | €2,017 | €754 | -€1,263 | -62.6% |
| Taxes, remuneration and social security | 45 | €10,328 | €9,805 | -€523 | -5.1% |
| Taxes | 450/3 | €10,328 | €9,805 | -€523 | -5.1% |
| Other amounts payable | 47/48 | €5,875 | €4,451 | -€1,425 | -24.2% |
| Remuneration, social security and pensions | 62 | - | €2,458 | +€2,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,853 | €5,730 | +€1,876 | +48.7% |
| Other operating charges | 640/8 | €987 | €164 | -€822 | -83.3% |
| Gross operating margin | 9900 | €102,493 | -€4,509 | -€107,002 | |
| Operating profit (loss) | 9901 | €97,653 | -€12,861 | -€110,514 | |
| Financial income | 75/76B | €7 | €50 | +€43 | +639.3% |
| Recurring financial income | 75 | €7 | €50 | +€43 | +639.3% |
| Financial charges | 65/66B | €217 | €162 | -€55 | -25.3% |
| Recurring financial charges | 65 | €217 | €162 | -€55 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €97,443 | -€12,973 | -€110,416 | |
| Income taxes | 67/77 | €26,114 | €265 | -€25,849 | -99.0% |
| Profit (loss) for the period | 9904 | €71,329 | -€13,238 | -€84,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,329 | -€13,238 | -€84,567 |
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 3 October 2026 via checked.be.