THE ADMIN TEAM: 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.
THE ADMIN TEAM
Largest movements
- Tangible fixed assets -€2,136
down €2,136 (-23.0%), from €9,302 to €7,167
of which Plant, machinery and equipment: -€3,802
- Cash -€1,331
down €1,331 (-18.1%), from €7,341 to €6,010
mainly Debts after one year (-€5,873) and Investment in fixed assets (net) (-€2,443)
- Stocks and contracts +€890
up €890 (+10.8%), from €8,233 to €9,123
- Receivables within one year +€623
up €623 (+10.5%), from €5,931 to €6,554
of which Trade receivables: +€1,004
- Debts after one year -€5,873
down €5,873 (-74.3%), from €7,904 to €2,031
- Other debts +€4,792
up €4,792 (+81.3%), from €5,896 to €10,688
- Tax, wage and social debts +€3,598
up €3,598 (+80.2%), from €4,486 to €8,084
of which Remuneration and social security: +€2,000
- Profit (loss) carried forward -€2,311
down €2,311 (-290.8%), from -€795 to -€3,106
- Trade debts -€2,222
down €2,222 (-41.9%), from €5,302 to €3,080
- Other operating charges +€919
up €919 (+153.5%), from €598 to €1,517
- Depreciation +€506
up €506 (+12.4%), from €4,072 to €4,579
- Gross operating margin -€457
down €457 (-7.5%), from €6,058 to €5,601
- Financial charges -€249
down €249 (-26.1%), from €954 to €705
- Taxes -€97
down €97 (-7.9%), from €1,234 to €1,136
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 | €31,852 | €30,150 | -€1,702 | -5.3% |
| Fixed assets | 21/28 | €9,302 | €7,167 | -€2,136 | -23.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,302 | €7,167 | -€2,136 | -23.0% |
| Plant, machinery and equipment | 23 | €9,136 | €5,334 | -€3,802 | -41.6% |
| Furniture and vehicles | 24 | €166 | €1,832 | +€1,666 | +1003.1% |
| Current assets | 29/58 | €22,550 | €22,983 | +€434 | +1.9% |
| Stocks and contracts in progress | 3 | €8,233 | €9,123 | +€890 | +10.8% |
| Stocks | 30/36 | €8,233 | €9,123 | +€890 | +10.8% |
| Amounts receivable within one year | 40/41 | €5,931 | €6,554 | +€623 | +10.5% |
| Trade receivables | 40 | €5,551 | €6,554 | +€1,004 | +18.1% |
| Other amounts receivable | 41 | €381 | - | -€381 | |
| Cash at bank and in hand | 54/58 | €7,341 | €6,010 | -€1,331 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,295 | +€251 | +24.1% |
| Total equity and liabilities | 10/49 | €31,852 | €30,150 | -€1,702 | -5.3% |
| Equity | 10/15 | €2,705 | €394 | -€2,311 | -85.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€795 | -€3,106 | -€2,311 | -290.8% |
| Amounts payable | 17/49 | €29,147 | €29,756 | +€609 | +2.1% |
| Amounts payable after more than one year | 17 | €7,904 | €2,031 | -€5,873 | -74.3% |
| Financial debts | 170/4 | €7,904 | €2,031 | -€5,873 | -74.3% |
| Amounts payable within one year | 42/48 | €21,243 | €27,725 | +€6,482 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €5,559 | €5,873 | +€315 | +5.7% |
| Trade debts | 44 | €5,302 | €3,080 | -€2,222 | -41.9% |
| Suppliers | 440/4 | €5,302 | €3,080 | -€2,222 | -41.9% |
| Taxes, remuneration and social security | 45 | €4,486 | €8,084 | +€3,598 | +80.2% |
| Taxes | 450/3 | €4,486 | €6,084 | +€1,598 | +35.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €5,896 | €10,688 | +€4,792 | +81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,072 | €4,579 | +€506 | +12.4% |
| Other operating charges | 640/8 | €598 | €1,517 | +€919 | +153.5% |
| Gross operating margin | 9900 | €6,058 | €5,601 | -€457 | -7.5% |
| Operating profit (loss) | 9901 | €1,387 | -€495 | -€1,882 | |
| Financial income | 75/76B | €5 | €25 | +€20 | +357.8% |
| Recurring financial income | 75 | €5 | €25 | +€20 | +357.8% |
| Financial charges | 65/66B | €954 | €705 | -€249 | -26.1% |
| Recurring financial charges | 65 | €954 | €705 | -€249 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €439 | -€1,175 | -€1,614 | |
| Income taxes | 67/77 | €1,234 | €1,136 | -€97 | -7.9% |
| Profit (loss) for the period | 9904 | -€795 | -€2,311 | -€1,516 | -190.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€795 | -€2,311 | -€1,516 | -190.8% |
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 28 September 2026 via checked.be.