THE BACKHAND: 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 BACKHAND
Largest movements
- Cash -€2,595
down €2,595 (-81.0%), from €3,204 to €609
mainly Net result for the year (-€5,814) and Trade debts (-€2,179)
- Receivables within one year -€2,510
down €2,510 (-21.7%), from €11,589 to €9,079
of which Other amounts receivable: -€4,716
- Deferred charges and accrued income -€2,034
down €2,034 (-100.0%), from €2,034 to €0
- Tangible fixed assets -€235
down €235 (-23.5%), from €998 to €763
- Profit (loss) carried forward -€5,814
down €5,814 (-79.5%), from -€7,313 to -€13,127
- Trade debts -€2,179
down €2,179 (-68.5%), from €3,180 to €1,001
- Tax, wage and social debts +€618
up €618 (+18.1%), from €3,409 to €4,028
- Gross operating margin +€300
up €300 (+6.0%), from -€5,024 to -€4,724
- Other operating charges -€63
down €63 (-9.0%), from €702 to €638
- Depreciation +€59
up €59 (+33.3%), from €176 to €235
- Financial charges -€59
down €59 (-43.7%), from €134 to €75
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 | €17,826 | €10,452 | -€7,375 | -41.4% |
| Fixed assets | 21/28 | €998 | €763 | -€235 | -23.5% |
| Tangible fixed assets | 22/27 | €998 | €763 | -€235 | -23.5% |
| Plant, machinery and equipment | 23 | €998 | €763 | -€235 | -23.5% |
| Current assets | 29/58 | €16,828 | €9,688 | -€7,140 | -42.4% |
| Amounts receivable within one year | 40/41 | €11,589 | €9,079 | -€2,510 | -21.7% |
| Trade receivables | 40 | €4,622 | €6,828 | +€2,206 | +47.7% |
| Other amounts receivable | 41 | €6,967 | €2,251 | -€4,716 | -67.7% |
| Cash at bank and in hand | 54/58 | €3,204 | €609 | -€2,595 | -81.0% |
| Deferred charges and accrued income | 490/1 | €2,034 | €0 | -€2,034 | -100.0% |
| Total equity and liabilities | 10/49 | €17,826 | €10,452 | -€7,375 | -41.4% |
| Equity | 10/15 | €11,237 | €5,423 | -€5,814 | -51.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,313 | -€13,127 | -€5,814 | -79.5% |
| Amounts payable | 17/49 | €6,589 | €5,028 | -€1,561 | -23.7% |
| Amounts payable within one year | 42/48 | €6,589 | €5,028 | -€1,561 | -23.7% |
| Trade debts | 44 | €3,180 | €1,001 | -€2,179 | -68.5% |
| Suppliers | 440/4 | €3,180 | €1,001 | -€2,179 | -68.5% |
| Taxes, remuneration and social security | 45 | €3,409 | €4,028 | +€618 | +18.1% |
| Taxes | 450/3 | €3,409 | €4,028 | +€618 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €235 | +€59 | +33.3% |
| Other operating charges | 640/8 | €702 | €638 | -€63 | -9.0% |
| Gross operating margin | 9900 | -€5,024 | -€4,724 | +€300 | +6.0% |
| Operating profit (loss) | 9901 | -€5,902 | -€5,597 | +€305 | +5.2% |
| Financial charges | 65/66B | €134 | €75 | -€59 | -43.7% |
| Recurring financial charges | 65 | €134 | €75 | -€59 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,036 | -€5,673 | +€363 | +6.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,176 | -€5,814 | +€362 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,176 | -€5,814 | +€362 | +5.9% |
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 30 September 2026 via checked.be.