'T FRONT: 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.
'T FRONT
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€28,794
down €28,794 (-29.9%), from €96,307 to €67,513
mainly Current investments (-€50,000) and Net result for the year (-€5,412)
- Tangible fixed assets -€26,687
down €26,687 (-37.0%), from €72,122 to €45,435
of which Plant, machinery and equipment: -€19,388
- Debts after one year -€4,496
down €4,496 (-92.3%), from €4,873 to €377
- Profit (loss) carried forward -€4,174
down €4,174, from €1,156 to -€3,018
- Trade debts +€3,205
up €3,205 (+436.4%), from €734 to €3,939
- Gross operating margin -€7,885
down €7,885 (-23.5%), from €33,503 to €25,618
- Financial income +€800
up €800 (+11962.9%), from €7 to €807
- Financial charges +€557
up €557 (+327.2%), from €170 to €728
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 | €171,027 | €164,404 | -€6,623 | -3.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €72,430 | €45,435 | -€26,995 | -37.3% |
| Intangible fixed assets | 21 | €308 | - | -€308 | |
| Tangible fixed assets | 22/27 | €72,122 | €45,435 | -€26,687 | -37.0% |
| Plant, machinery and equipment | 23 | €64,823 | €45,435 | -€19,388 | -29.9% |
| Furniture and vehicles | 24 | €7,298 | €0 | -€7,298 | -100.0% |
| Current assets | 29/58 | €98,597 | €118,969 | +€20,372 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,143 | €1,303 | -€840 | -39.2% |
| Other amounts receivable | 41 | €2,143 | €1,303 | -€840 | -39.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €96,307 | €67,513 | -€28,794 | -29.9% |
| Deferred charges and accrued income | 490/1 | €147 | €153 | +€6 | +4.3% |
| Total equity and liabilities | 10/49 | €171,027 | €164,404 | -€6,623 | -3.9% |
| Equity | 10/15 | €20,945 | €15,532 | -€5,412 | -25.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,238 | €0 | -€1,238 | -100.0% |
| Non-distributable reserves | 130/1 | €597 | €0 | -€597 | -100.0% |
| Reserves not available under the articles | 1311 | €597 | €0 | -€597 | -100.0% |
| Distributable reserves | 133 | €641 | €0 | -€641 | -100.0% |
| Profit (loss) carried forward | 14 | €1,156 | -€3,018 | -€4,174 | |
| Amounts payable | 17/49 | €150,082 | €148,872 | -€1,210 | -0.8% |
| Amounts payable after more than one year | 17 | €4,873 | €377 | -€4,496 | -92.3% |
| Financial debts | 170/4 | €4,873 | €377 | -€4,496 | -92.3% |
| Amounts payable within one year | 42/48 | €145,209 | €148,495 | +€3,286 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €4,440 | €4,496 | +€56 | +1.3% |
| Trade debts | 44 | €734 | €3,939 | +€3,205 | +436.4% |
| Suppliers | 440/4 | €734 | €3,939 | +€3,205 | +436.4% |
| Other amounts payable | 47/48 | €140,034 | €140,059 | +€25 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,014 | €29,040 | +€26 | +0.1% |
| Other operating charges | 640/8 | €2,013 | €2,028 | +€14 | +0.7% |
| Gross operating margin | 9900 | €33,503 | €25,618 | -€7,885 | -23.5% |
| Operating profit (loss) | 9901 | €2,475 | -€5,449 | -€7,925 | |
| Financial income | 75/76B | €7 | €807 | +€800 | +11962.9% |
| Recurring financial income | 75 | €7 | €807 | +€800 | +11962.9% |
| Financial charges | 65/66B | €170 | €728 | +€557 | +327.2% |
| Recurring financial charges | 65 | €170 | €728 | +€557 | +327.2% |
| Profit (loss) for the period before taxes | 9903 | €2,312 | -€5,370 | -€7,682 | |
| Income taxes | 67/77 | - | €42 | +€42 | |
| Profit (loss) for the period | 9904 | €2,312 | -€5,412 | -€7,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,312 | -€5,412 | -€7,724 |
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.