TEXT DESIGN: 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.
TEXT DESIGN
Largest movements
- Receivables within one year -€12,745
down €12,745 (-60.0%), from €21,241 to €8,496
of which Trade receivables: -€11,898
- Tangible fixed assets -€11,049
down €11,049 (-29.5%), from €37,391 to €26,342
of which Furniture and vehicles: -€8,750
- Cash -€727
down €727 (-6.1%), from €11,975 to €11,248
mainly Trade debts (-€11,436) and Other debts (-€6,017)
- Trade debts -€11,436
down €11,436 (-78.8%), from €14,519 to €3,083
- Other debts -€6,017
down €6,017 (-16.2%), from €37,119 to €31,102
- Short-term financial debts -€5,460
down €5,460 (-69.9%), from €7,816 to €2,357
of which Credit institutions: -€7,816
- Profit (loss) carried forward -€2,110
down €2,110 (-31.5%), from -€6,694 to -€8,804
- Tax, wage and social debts +€757
new in 2025: €757
- Gross operating margin -€11,924
down €11,924 (-45.5%), from €26,205 to €14,281
- Depreciation +€2,381
up €2,381 (+27.5%), from €8,667 to €11,049
- Taxes -€2,062
down €2,062 (-33.7%), from €6,121 to €4,059
- Other operating charges -€442
down €442 (-29.8%), from €1,483 to €1,042
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 | €71,353 | €47,086 | -€24,267 | -34.0% |
| Fixed assets | 21/28 | €37,391 | €26,342 | -€11,049 | -29.5% |
| Tangible fixed assets | 22/27 | €37,391 | €26,342 | -€11,049 | -29.5% |
| Plant, machinery and equipment | 23 | €2,955 | €1,953 | -€1,002 | -33.9% |
| Furniture and vehicles | 24 | €33,139 | €24,389 | -€8,750 | -26.4% |
| Other tangible fixed assets | 26 | €1,296 | €0 | -€1,296 | -100.0% |
| Current assets | 29/58 | €33,962 | €20,744 | -€13,218 | -38.9% |
| Amounts receivable within one year | 40/41 | €21,241 | €8,496 | -€12,745 | -60.0% |
| Trade receivables | 40 | €17,851 | €5,953 | -€11,898 | -66.7% |
| Other amounts receivable | 41 | €3,390 | €2,543 | -€847 | -25.0% |
| Cash at bank and in hand | 54/58 | €11,975 | €11,248 | -€727 | -6.1% |
| Deferred charges and accrued income | 490/1 | €747 | €1,000 | +€254 | +34.0% |
| Total equity and liabilities | 10/49 | €71,353 | €47,086 | -€24,267 | -34.0% |
| Equity | 10/15 | €11,898 | €9,788 | -€2,110 | -17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,694 | -€8,804 | -€2,110 | -31.5% |
| Amounts payable | 17/49 | €59,455 | €37,298 | -€22,157 | -37.3% |
| Amounts payable within one year | 42/48 | €59,455 | €37,298 | -€22,157 | -37.3% |
| Financial debts | 43 | €7,816 | €2,357 | -€5,460 | -69.9% |
| Credit institutions | 430/8 | €7,816 | €0 | -€7,816 | -100.0% |
| Other loans | 439 | - | €2,357 | +€2,357 | |
| Trade debts | 44 | €14,519 | €3,083 | -€11,436 | -78.8% |
| Suppliers | 440/4 | €14,519 | €3,083 | -€11,436 | -78.8% |
| Taxes, remuneration and social security | 45 | - | €757 | +€757 | |
| Taxes | 450/3 | - | €757 | +€757 | |
| Other amounts payable | 47/48 | €37,119 | €31,102 | -€6,017 | -16.2% |
| Non-recurring operating income | 76A | €8,497 | €0 | -€8,497 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,667 | €11,049 | +€2,381 | +27.5% |
| Other operating charges | 640/8 | €1,483 | €1,042 | -€442 | -29.8% |
| Gross operating margin | 9900 | €26,205 | €14,281 | -€11,924 | -45.5% |
| Operating profit (loss) | 9901 | €16,055 | €2,191 | -€13,864 | -86.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €283 | €241 | -€41 | -14.6% |
| Recurring financial charges | 65 | €283 | €241 | -€41 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €15,772 | €1,949 | -€13,823 | -87.6% |
| Income taxes | 67/77 | €6,121 | €4,059 | -€2,062 | -33.7% |
| Profit (loss) for the period | 9904 | €9,650 | -€2,110 | -€11,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,650 | -€2,110 | -€11,760 |
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.