TEMPS D'UNE PAUSE: 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.
TEMPS D'UNE PAUSE
Largest movements
- Receivables within one year -€21,737
down €21,737 (-80.6%), from €26,978 to €5,242
of which Other amounts receivable: -€22,967
- Cash +€11,788
up €11,788 (+27.1%), from €43,433 to €55,221
mainly Receivables within one year (+€21,737) and Tax, wage and social debts (+€3,620)
- Stocks and contracts +€1,860
up €1,860 (+17.8%), from €10,439 to €12,298
- Trade debts -€11,665
down €11,665 (-35.1%), from €33,218 to €21,553
- Tax, wage and social debts +€3,620
up €3,620 (+20.5%), from €17,641 to €21,261
of which Remuneration and social security: +€2,796
- Other debts +€1,518
up €1,518 (+40.1%), from €3,784 to €5,302
- Profit (loss) carried forward -€1,393
down €1,393 (-5.3%), from €26,412 to €25,019
- Gross operating margin -€35,183
down €35,183 (-25.5%), from €138,158 to €102,976
- Taxes -€4,360
no longer reported in 2025 (was €4,360)
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 | €91,054 | €83,135 | -€7,919 | -8.7% |
| Fixed assets | 21/28 | €10,204 | €10,374 | +€170 | +1.7% |
| Tangible fixed assets | 22/27 | €9,809 | €9,979 | +€170 | +1.7% |
| Plant, machinery and equipment | 23 | €8,668 | €9,094 | +€427 | +4.9% |
| Other tangible fixed assets | 26 | €1,142 | €885 | -€257 | -22.5% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €80,850 | €72,761 | -€8,089 | -10.0% |
| Stocks and contracts in progress | 3 | €10,439 | €12,298 | +€1,860 | +17.8% |
| Stocks | 30/36 | €10,439 | €12,298 | +€1,860 | +17.8% |
| Amounts receivable within one year | 40/41 | €26,978 | €5,242 | -€21,737 | -80.6% |
| Trade receivables | 40 | €402 | €1,633 | +€1,231 | +306.1% |
| Other amounts receivable | 41 | €26,576 | €3,609 | -€22,967 | -86.4% |
| Cash at bank and in hand | 54/58 | €43,433 | €55,221 | +€11,788 | +27.1% |
| Total equity and liabilities | 10/49 | €91,054 | €83,135 | -€7,919 | -8.7% |
| Equity | 10/15 | €36,412 | €35,019 | -€1,393 | -3.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,412 | €25,019 | -€1,393 | -5.3% |
| Amounts payable | 17/49 | €54,642 | €48,116 | -€6,526 | -11.9% |
| Amounts payable within one year | 42/48 | €54,642 | €48,116 | -€6,526 | -11.9% |
| Trade debts | 44 | €33,218 | €21,553 | -€11,665 | -35.1% |
| Suppliers | 440/4 | €33,218 | €21,553 | -€11,665 | -35.1% |
| Taxes, remuneration and social security | 45 | €17,641 | €21,261 | +€3,620 | +20.5% |
| Taxes | 450/3 | €8,251 | €9,075 | +€824 | +10.0% |
| Remuneration and social security | 454/9 | €9,390 | €12,186 | +€2,796 | +29.8% |
| Other amounts payable | 47/48 | €3,784 | €5,302 | +€1,518 | +40.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,887 | €100,691 | -€1,195 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,726 | €2,905 | -€821 | -22.0% |
| Other operating charges | 640/8 | €1,608 | €508 | -€1,100 | -68.4% |
| Gross operating margin | 9900 | €138,158 | €102,976 | -€35,183 | -25.5% |
| Operating profit (loss) | 9901 | €30,937 | -€1,129 | -€32,066 | |
| Financial charges | 65/66B | €165 | €264 | +€99 | +59.6% |
| Recurring financial charges | 65 | €165 | €264 | +€99 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €30,772 | -€1,393 | -€32,165 | |
| Income taxes | 67/77 | €4,360 | - | -€4,360 | |
| Profit (loss) for the period | 9904 | €26,412 | -€1,393 | -€27,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,412 | -€1,393 | -€27,804 |
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.