THe advice: 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.
THe advice
Largest movements
- Receivables within one year -€20,767
down €20,767 (-62.4%), from €33,276 to €12,510
of which Other amounts receivable: -€20,767
- Cash +€17,351
up €17,351 (+30.9%), from €56,067 to €73,418
mainly Receivables within one year (+€20,767) and Other debts (+€8,272)
- Tangible fixed assets -€6,872
down €6,872 (-46.5%), from €14,764 to €7,892
of which Furniture and vehicles: -€6,372
- Profit (loss) carried forward -€19,340
down €19,340, from €0 to -€19,340
- Other debts +€8,272
up €8,272 (+709.3%), from €1,166 to €9,438
- Gross operating margin -€44,691
down €44,691, from €34,537 to -€10,154
- Other operating charges -€17,313
down €17,313 (-94.2%), from €18,381 to €1,068
- Taxes -€2,457
down €2,457 (-94.6%), from €2,597 to €141
- Financial charges -€731
down €731 (-79.8%), from €916 to €185
- Financial income -€678
down €678 (-100.0%), from €678 to €0
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 | €104,779 | €94,081 | -€10,698 | -10.2% |
| Fixed assets | 21/28 | €14,769 | €7,897 | -€6,872 | -46.5% |
| Tangible fixed assets | 22/27 | €14,764 | €7,892 | -€6,872 | -46.5% |
| Plant, machinery and equipment | 23 | €1,372 | €872 | -€500 | -36.4% |
| Furniture and vehicles | 24 | €13,392 | €7,020 | -€6,372 | -47.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €90,010 | €86,184 | -€3,826 | -4.3% |
| Amounts receivable within one year | 40/41 | €33,276 | €12,510 | -€20,767 | -62.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €33,276 | €12,510 | -€20,767 | -62.4% |
| Cash at bank and in hand | 54/58 | €56,067 | €73,418 | +€17,351 | +30.9% |
| Deferred charges and accrued income | 490/1 | €667 | €257 | -€410 | -61.5% |
| Total equity and liabilities | 10/49 | €104,779 | €94,081 | -€10,698 | -10.2% |
| Equity | 10/15 | €103,091 | €83,750 | -€19,340 | -18.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €93,091 | €93,091 | = | 0.0% |
| Distributable reserves | 133 | €93,091 | €93,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,340 | -€19,340 | |
| Amounts payable | 17/49 | €1,688 | €10,331 | +€8,643 | +512.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,688 | €10,331 | +€8,643 | +512.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22 | €752 | +€730 | +3302.9% |
| Suppliers | 440/4 | €22 | €752 | +€730 | +3302.9% |
| Taxes, remuneration and social security | 45 | €500 | €141 | -€359 | -71.8% |
| Taxes | 450/3 | €500 | €141 | -€359 | -71.8% |
| Other amounts payable | 47/48 | €1,166 | €9,438 | +€8,272 | +709.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,720 | €7,792 | +€72 | +0.9% |
| Other operating charges | 640/8 | €18,381 | €1,068 | -€17,313 | -94.2% |
| Gross operating margin | 9900 | €34,537 | -€10,154 | -€44,691 | |
| Operating profit (loss) | 9901 | €8,436 | -€19,015 | -€27,450 | |
| Financial income | 75/76B | €678 | €0 | -€678 | -100.0% |
| Recurring financial income | 75 | €678 | €0 | -€678 | -100.0% |
| Financial charges | 65/66B | €916 | €185 | -€731 | -79.8% |
| Recurring financial charges | 65 | €916 | €185 | -€731 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €8,197 | -€19,199 | -€27,397 | |
| Income taxes | 67/77 | €2,597 | €141 | -€2,457 | -94.6% |
| Profit (loss) for the period | 9904 | €5,600 | -€19,340 | -€24,940 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,600 | -€19,340 | -€24,940 |
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 10 October 2026 via checked.be.