THE GOOD MOOVE: 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 GOOD MOOVE
Largest movements
- Cash +€10,523
up €10,523 (+317.6%), from €3,313 to €13,836
mainly Net result for the year (+€18,187) and Receivables within one year (+€9,366)
- Receivables within one year -€9,366
down €9,366 (-62.0%), from €15,099 to €5,733
of which Trade receivables: -€7,462
- Deferred charges and accrued income -€1,012
down €1,012 (-57.7%), from €1,754 to €743
- Tangible fixed assets -€362
down €362 (-10.5%), from €3,452 to €3,090
- Profit (loss) carried forward +€18,187
up €18,187 (+12.4%), from -€146,193 to -€128,006
- Debts after one year -€17,231
down €17,231 (-45.9%), from €37,567 to €20,336
- Trade debts -€2,149
down €2,149 (-29.0%), from €7,413 to €5,264
- Tax, wage and social debts +€1,665
up €1,665 (+18.0%), from €9,257 to €10,921
of which Taxes: +€5,505
- Current portion of long-term debt -€750
no longer reported in 2025 (was €750)
- Staff costs -€25,294
no longer reported in 2025 (was €25,294)
- Write-downs +€21,851
up €21,851, from -€20,606 to €1,245
- Other operating charges -€20,102
down €20,102 (-89.3%), from €22,511 to €2,409
- Gross operating margin -€7,221
down €7,221 (-21.1%), from €34,259 to €27,038
- Taxes +€3,300
new in 2025: €3,300
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 | €23,679 | €23,401 | -€278 | -1.2% |
| Fixed assets | 21/28 | €3,512 | €3,090 | -€422 | -12.0% |
| Tangible fixed assets | 22/27 | €3,452 | €3,090 | -€362 | -10.5% |
| Furniture and vehicles | 24 | €3,452 | €3,090 | -€362 | -10.5% |
| Financial fixed assets | 28 | €60 | - | -€60 | |
| Current assets | 29/58 | €20,166 | €20,311 | +€145 | +0.7% |
| Amounts receivable within one year | 40/41 | €15,099 | €5,733 | -€9,366 | -62.0% |
| Trade receivables | 40 | €12,771 | €5,309 | -€7,462 | -58.4% |
| Other amounts receivable | 41 | €2,328 | €424 | -€1,904 | -81.8% |
| Cash at bank and in hand | 54/58 | €3,313 | €13,836 | +€10,523 | +317.6% |
| Deferred charges and accrued income | 490/1 | €1,754 | €743 | -€1,012 | -57.7% |
| Total equity and liabilities | 10/49 | €23,679 | €23,401 | -€278 | -1.2% |
| Equity | 10/15 | -€65,039 | -€46,852 | +€18,187 | +28.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €6,154 | €6,154 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,154 | €2,154 | = | 0.0% |
| Legal reserve | 130 | €2,154 | €2,154 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,193 | -€128,006 | +€18,187 | +12.4% |
| Provisions and deferred taxes | 16 | €33,732 | €33,732 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,732 | €33,732 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,732 | €33,732 | = | 0.0% |
| Amounts payable | 17/49 | €54,986 | €36,521 | -€18,465 | -33.6% |
| Amounts payable after more than one year | 17 | €37,567 | €20,336 | -€17,231 | -45.9% |
| Other amounts payable | 178/9 | €37,567 | €20,336 | -€17,231 | -45.9% |
| Amounts payable within one year | 42/48 | €17,420 | €16,185 | -€1,234 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €750 | - | -€750 | |
| Trade debts | 44 | €7,413 | €5,264 | -€2,149 | -29.0% |
| Suppliers | 440/4 | €7,413 | €5,264 | -€2,149 | -29.0% |
| Taxes, remuneration and social security | 45 | €9,257 | €10,921 | +€1,665 | +18.0% |
| Taxes | 450/3 | €4,417 | €9,921 | +€5,505 | +124.6% |
| Remuneration and social security | 454/9 | €4,840 | €1,000 | -€3,840 | -79.3% |
| Remuneration, social security and pensions | 62 | €25,294 | - | -€25,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €1,692 | +€212 | +14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,606 | €1,245 | +€21,851 | |
| Other operating charges | 640/8 | €22,511 | €2,409 | -€20,102 | -89.3% |
| Gross operating margin | 9900 | €34,259 | €27,038 | -€7,221 | -21.1% |
| Operating profit (loss) | 9901 | €5,580 | €21,692 | +€16,112 | +288.8% |
| Financial charges | 65/66B | €190 | €205 | +€14 | +7.5% |
| Recurring financial charges | 65 | €190 | €205 | +€14 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €5,389 | €21,487 | +€16,098 | +298.7% |
| Income taxes | 67/77 | - | €3,300 | +€3,300 | |
| Profit (loss) for the period | 9904 | €5,389 | €18,187 | +€12,798 | +237.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,389 | €18,187 | +€12,798 | +237.5% |
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.