THE LEGENDS: 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 LEGENDS
Largest movements
- Receivables within one year +€13,906
up €13,906 (+570.0%), from €2,440 to €16,346
of which Trade receivables: +€16,346
- Cash +€2,915
up €2,915 (+98.5%), from €2,960 to €5,875
mainly Trade debts (+€25,222) and Other debts (+€15,516)
- Tangible fixed assets -€1,737
down €1,737 (-55.5%), from €3,127 to €1,390
of which Plant, machinery and equipment: -€1,102
- Intangible fixed assets -€1,000
down €1,000 (-33.3%), from €3,000 to €2,000
- Trade debts +€25,222
up €25,222 (+877.6%), from €2,874 to €28,096
- Profit (loss) carried forward -€23,687
down €23,687 (-80.8%), from -€29,331 to -€53,018
- Other debts +€15,516
up €15,516 (+61.1%), from €25,381 to €40,897
- Tax, wage and social debts -€2,208
down €2,208 (-78.4%), from €2,817 to €610
- Accrued charges and deferred income -€751
no longer reported in 2025 (was €751)
- Gross operating margin -€24,731
down €24,731, from €4,644 to -€20,087
- Depreciation +€1,684
up €1,684 (+108.9%), from €1,546 to €3,230
- Other operating charges -€513
down €513 (-79.6%), from €645 to €132
- Financial income -€221
down €221 (-81.5%), from €271 to €50
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 | €13,093 | €27,184 | +€14,092 | +107.6% |
| Fixed assets | 21/28 | €7,177 | €4,440 | -€2,737 | -38.1% |
| Intangible fixed assets | 21 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Tangible fixed assets | 22/27 | €3,127 | €1,390 | -€1,737 | -55.5% |
| Plant, machinery and equipment | 23 | €1,102 | - | -€1,102 | |
| Furniture and vehicles | 24 | €2,026 | €1,390 | -€635 | -31.4% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €5,915 | €22,744 | +€16,829 | +284.5% |
| Stocks and contracts in progress | 3 | €515 | €523 | +€8 | +1.6% |
| Stocks | 30/36 | €515 | €523 | +€8 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,440 | €16,346 | +€13,906 | +570.0% |
| Trade receivables | 40 | - | €16,346 | +€16,346 | |
| Other amounts receivable | 41 | €2,440 | - | -€2,440 | |
| Cash at bank and in hand | 54/58 | €2,960 | €5,875 | +€2,915 | +98.5% |
| Total equity and liabilities | 10/49 | €13,093 | €27,184 | +€14,092 | +107.6% |
| Equity | 10/15 | -€18,731 | -€42,418 | -€23,687 | -126.5% |
| Contributions | 10/11 | €10,600 | €10,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,331 | -€53,018 | -€23,687 | -80.8% |
| Amounts payable | 17/49 | €31,824 | €69,602 | +€37,779 | +118.7% |
| Amounts payable within one year | 42/48 | €31,073 | €69,602 | +€38,530 | +124.0% |
| Trade debts | 44 | €2,874 | €28,096 | +€25,222 | +877.6% |
| Suppliers | 440/4 | €2,874 | €28,096 | +€25,222 | +877.6% |
| Taxes, remuneration and social security | 45 | €2,817 | €610 | -€2,208 | -78.4% |
| Taxes | 450/3 | €2,817 | €610 | -€2,208 | -78.4% |
| Other amounts payable | 47/48 | €25,381 | €40,897 | +€15,516 | +61.1% |
| Accrued charges and deferred income | 492/3 | €751 | - | -€751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,546 | €3,230 | +€1,684 | +108.9% |
| Other operating charges | 640/8 | €645 | €132 | -€513 | -79.6% |
| Gross operating margin | 9900 | €4,644 | -€20,087 | -€24,731 | |
| Operating profit (loss) | 9901 | €2,453 | -€23,449 | -€25,902 | |
| Financial income | 75/76B | €271 | €50 | -€221 | -81.5% |
| Recurring financial income | 75 | €271 | €50 | -€221 | -81.5% |
| Financial charges | 65/66B | €276 | €120 | -€157 | -56.7% |
| Recurring financial charges | 65 | €276 | €120 | -€157 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €2,447 | -€23,519 | -€25,966 | |
| Income taxes | 67/77 | - | €168 | +€168 | |
| Profit (loss) for the period | 9904 | €2,447 | -€23,687 | -€26,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,447 | -€23,687 | -€26,134 |
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.