t-talk: 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.
t-talk
Largest movements
- Receivables within one year -€13,142
down €13,142 (-56.9%), from €23,085 to €9,943
of which Trade receivables: -€12,564
- Cash -€4,668
down €4,668 (-33.2%), from €14,062 to €9,393
mainly Other debts (-€31,000) and Investment in fixed assets (net) (-€5,322)
- Tangible fixed assets +€2,376
up €2,376 (+24.0%), from €9,908 to €12,284
of which Other tangible fixed assets: +€3,597
- Other debts -€31,000
no longer reported in 2025 (was €31,000)
- Profit (loss) carried forward +€12,588
up €12,588 (+124%), from €10,123 to €22,711
- Trade debts +€2,608
up €2,608 (+313%), from €832 to €3,440
- Gross operating margin -€32,289
down €32,289 (-60.9%), from €53,032 to €20,743
- Taxes -€7,266
down €7,266 (-64.1%), from €11,337 to €4,070
- Depreciation +€1,215
up €1,215 (+70.2%), from €1,731 to €2,946
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.
Derived cash bridge
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 | €47,055 | €31,621 | -€15,434 | -32.8% |
| Fixed assets | 21/28 | €9,908 | €12,284 | +€2,376 | +24.0% |
| Tangible fixed assets | 22/27 | €9,908 | €12,284 | +€2,376 | +24.0% |
| Furniture and vehicles | 24 | €3,234 | €2,013 | -€1,221 | -37.7% |
| Other tangible fixed assets | 26 | €6,674 | €10,271 | +€3,597 | +53.9% |
| Current assets | 29/58 | €37,147 | €19,337 | -€17,810 | -47.9% |
| Amounts receivable within one year | 40/41 | €23,085 | €9,943 | -€13,142 | -56.9% |
| Trade receivables | 40 | €14,810 | €2,247 | -€12,564 | -84.8% |
| Other amounts receivable | 41 | €8,275 | €7,697 | -€578 | -7.0% |
| Cash at bank and in hand | 54/58 | €14,062 | €9,393 | -€4,668 | -33.2% |
| Total equity and liabilities | 10/49 | €47,055 | €31,621 | -€15,434 | -32.8% |
| Equity | 10/15 | €10,124 | €22,712 | +€12,588 | +124% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,123 | €22,711 | +€12,588 | +124% |
| Amounts payable | 17/49 | €36,931 | €8,908 | -€28,022 | -75.9% |
| Amounts payable within one year | 42/48 | €36,931 | €8,908 | -€28,022 | -75.9% |
| Trade debts | 44 | €832 | €3,440 | +€2,608 | +313% |
| Suppliers | 440/4 | €832 | €3,440 | +€2,608 | +313% |
| Taxes, remuneration and social security | 45 | €5,098 | €5,469 | +€370 | +7.3% |
| Taxes | 450/3 | €5,098 | €5,469 | +€370 | +7.3% |
| Other amounts payable | 47/48 | €31,000 | - | -€31,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €2,946 | +€1,215 | +70.2% |
| Other operating charges | 640/8 | €990 | €757 | -€233 | -23.5% |
| Gross operating margin | 9900 | €53,032 | €20,743 | -€32,289 | -60.9% |
| Operating profit (loss) | 9901 | €50,312 | €17,041 | -€33,271 | -66.1% |
| Financial income | 75/76B | €313 | €494 | +€181 | +57.6% |
| Recurring financial income | 75 | €313 | €494 | +€181 | +57.6% |
| Financial charges | 65/66B | €1,390 | €876 | -€513 | -36.9% |
| Recurring financial charges | 65 | €1,390 | €876 | -€513 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €49,236 | €16,658 | -€32,577 | -66.2% |
| Income taxes | 67/77 | €11,337 | €4,070 | -€7,266 | -64.1% |
| Profit (loss) for the period | 9904 | €37,899 | €12,588 | -€25,311 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,899 | €12,588 | -€25,311 | -66.8% |
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 27 October 2026 via checked.be.