THE CRAFT: 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 CRAFT
Largest movements
- Cash +€12,244
up €12,244 (+20.8%), from €59,004 to €71,248
mainly Trade debts (+€10,794) and Depreciation (+€6,549)
- Intangible fixed assets -€4,000
down €4,000 (-66.8%), from €5,984 to €1,984
- Receivables within one year -€3,424
down €3,424 (-5.7%), from €59,615 to €56,191
of which Trade receivables: -€9,190
- Deferred charges and accrued income -€2,810
down €2,810 (-100.0%), from €2,810 to €0
- Tax, wage and social debts -€11,616
down €11,616 (-98.2%), from €11,823 to €207
of which Remuneration and social security: -€5,827
- Trade debts +€10,794
up €10,794 (+812.8%), from €1,328 to €12,122
- Reserves +€2,247
up €2,247 (+4.2%), from €53,308 to €55,556
of which Distributable reserves: +€2,247
- Gross operating margin +€30,592
up €30,592 (+94.4%), from €32,396 to €62,988
- Staff costs +€14,679
up €14,679 (+37.3%), from €39,346 to €54,025
- Other operating charges -€1,930
down €1,930 (-76.9%), from €2,510 to €580
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 | €130,666 | €132,055 | +€1,390 | +1.1% |
| Fixed assets | 21/28 | €9,237 | €4,617 | -€4,620 | -50.0% |
| Intangible fixed assets | 21 | €5,984 | €1,984 | -€4,000 | -66.8% |
| Tangible fixed assets | 22/27 | €3,253 | €2,633 | -€620 | -19.0% |
| Plant, machinery and equipment | 23 | €157 | €1,645 | +€1,487 | +945.2% |
| Furniture and vehicles | 24 | €3,096 | €989 | -€2,107 | -68.1% |
| Current assets | 29/58 | €121,429 | €127,438 | +€6,009 | +4.9% |
| Amounts receivable within one year | 40/41 | €59,615 | €56,191 | -€3,424 | -5.7% |
| Trade receivables | 40 | €59,582 | €50,392 | -€9,190 | -15.4% |
| Other amounts receivable | 41 | €33 | €5,798 | +€5,766 | +17697.3% |
| Cash at bank and in hand | 54/58 | €59,004 | €71,248 | +€12,244 | +20.8% |
| Deferred charges and accrued income | 490/1 | €2,810 | €0 | -€2,810 | -100.0% |
| Total equity and liabilities | 10/49 | €130,666 | €132,055 | +€1,390 | +1.1% |
| Equity | 10/15 | €115,308 | €117,556 | +€2,247 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €53,308 | €55,556 | +€2,247 | +4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €47,108 | €49,356 | +€2,247 | +4.8% |
| Amounts payable | 17/49 | €15,357 | €14,500 | -€858 | -5.6% |
| Amounts payable within one year | 42/48 | €15,206 | €14,412 | -€794 | -5.2% |
| Trade debts | 44 | €1,328 | €12,122 | +€10,794 | +812.8% |
| Suppliers | 440/4 | €1,328 | €12,122 | +€10,794 | +812.8% |
| Advances received on contracts in progress | 46 | €163 | €0 | -€163 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,823 | €207 | -€11,616 | -98.2% |
| Taxes | 450/3 | €5,863 | €74 | -€5,789 | -98.7% |
| Remuneration and social security | 454/9 | €5,960 | €133 | -€5,827 | -97.8% |
| Other amounts payable | 47/48 | €1,891 | €2,082 | +€191 | +10.1% |
| Accrued charges and deferred income | 492/3 | €152 | €88 | -€64 | -41.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39,346 | €54,025 | +€14,679 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,864 | €6,549 | -€316 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€180 | -€180 | |
| Other operating charges | 640/8 | €2,510 | €580 | -€1,930 | -76.9% |
| Gross operating margin | 9900 | €32,396 | €62,988 | +€30,592 | +94.4% |
| Operating profit (loss) | 9901 | -€16,324 | €2,014 | +€18,339 | |
| Financial income | 75/76B | €43 | €346 | +€303 | +705.0% |
| Recurring financial income | 75 | €43 | €346 | +€303 | +705.0% |
| Financial charges | 65/66B | €251 | €112 | -€139 | -55.3% |
| Recurring financial charges | 65 | €251 | €112 | -€139 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,533 | €2,247 | +€18,780 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,533 | €2,247 | +€18,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,533 | €2,247 | +€18,780 |
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 9 October 2026 via checked.be.