The Hinge: 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 Hinge
Largest movements
- Cash +€4,153
up €4,153 (+501.6%), from €828 to €4,980
mainly Net result for the year (+€26,714) and Depreciation (+€4,966)
- Receivables within one year +€2,438
new in 2025: €2,438
- Tangible fixed assets +€1,763
up €1,763 (+4.0%), from €44,072 to €45,835
of which Plant, machinery and equipment: +€2,447
- Profit (loss) carried forward +€26,714
up €26,714 (+64.9%), from -€41,143 to -€14,429
- Trade debts -€7,417
down €7,417 (-72.5%), from €10,232 to €2,815
- Other debts -€7,303
down €7,303 (-10.2%), from €71,335 to €64,032
- Tax, wage and social debts -€3,890
down €3,890 (-100.0%), from €3,890 to €0
of which Remuneration and social security: -€1,992
- Gross operating margin +€46,049
up €46,049, from -€12,845 to €33,204
- Depreciation +€556
up €556 (+12.6%), from €4,410 to €4,966
- Financial charges +€518
up €518 (+106.4%), from €487 to €1,005
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 | €45,314 | €53,418 | +€8,103 | +17.9% |
| Fixed assets | 21/28 | €44,072 | €45,835 | +€1,763 | +4.0% |
| Tangible fixed assets | 22/27 | €44,072 | €45,835 | +€1,763 | +4.0% |
| Land and buildings | 22 | €34,341 | €32,929 | -€1,412 | -4.1% |
| Plant, machinery and equipment | 23 | €8,087 | €10,534 | +€2,447 | +30.3% |
| Furniture and vehicles | 24 | €1,644 | €2,372 | +€728 | +44.3% |
| Current assets | 29/58 | €1,242 | €7,583 | +€6,340 | +510.4% |
| Amounts receivable within one year | 40/41 | - | €2,438 | +€2,438 | |
| Trade receivables | 40 | - | €2,438 | +€2,438 | |
| Cash at bank and in hand | 54/58 | €828 | €4,980 | +€4,153 | +501.6% |
| Deferred charges and accrued income | 490/1 | €414 | €164 | -€251 | -60.5% |
| Total equity and liabilities | 10/49 | €45,314 | €53,418 | +€8,103 | +17.9% |
| Equity | 10/15 | -€40,143 | -€13,429 | +€26,714 | +66.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,143 | -€14,429 | +€26,714 | +64.9% |
| Amounts payable | 17/49 | €85,457 | €66,847 | -€18,610 | -21.8% |
| Amounts payable within one year | 42/48 | €85,457 | €66,847 | -€18,610 | -21.8% |
| Trade debts | 44 | €10,232 | €2,815 | -€7,417 | -72.5% |
| Suppliers | 440/4 | €10,232 | €2,815 | -€7,417 | -72.5% |
| Taxes, remuneration and social security | 45 | €3,890 | €0 | -€3,890 | -100.0% |
| Taxes | 450/3 | €1,898 | €0 | -€1,898 | -100.0% |
| Remuneration and social security | 454/9 | €1,992 | €0 | -€1,992 | -100.0% |
| Other amounts payable | 47/48 | €71,335 | €64,032 | -€7,303 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,410 | €4,966 | +€556 | +12.6% |
| Other operating charges | 640/8 | €772 | €520 | -€252 | -32.7% |
| Gross operating margin | 9900 | -€12,845 | €33,204 | +€46,049 | |
| Operating profit (loss) | 9901 | -€18,027 | €27,719 | +€45,745 | |
| Financial charges | 65/66B | €487 | €1,005 | +€518 | +106.4% |
| Recurring financial charges | 65 | €487 | €1,005 | +€518 | +106.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,514 | €26,714 | +€45,228 | |
| Profit (loss) for the period | 9904 | -€18,514 | €26,714 | +€45,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,514 | €26,714 | +€45,228 |
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 7 October 2026 via checked.be.