The man cave: 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 man cave
Largest movements
- Tangible fixed assets -€10,536
down €10,536 (-51.8%), from €20,328 to €9,793
of which Furniture and vehicles: -€10,536
- Deferred charges and accrued income +€7,795
up €7,795 (+360%), from €2,165 to €9,960
- Stocks and contracts -€6,231
down €6,231 (-11.1%), from €56,220 to €49,989
- Receivables within one year -€3,076
down €3,076 (-86.9%), from €3,541 to €465
of which Trade receivables: -€1,627
- Trade debts -€10,290
down €10,290 (-61.9%), from €16,623 to €6,333
- Short-term financial debts +€9,833
up €9,833 (+1,029%), from €956 to €10,789
- Other debts -€8,117
down €8,117 (-22.2%), from €36,639 to €28,521
- Profit (loss) carried forward -€2,368
down €2,368 (-17.6%), from -€13,423 to -€15,791
- Tax, wage and social debts -€881
down €881 (-10.0%), from €8,779 to €7,898
of which Taxes: -€1,041
- Write-downs +€3,973
up €3,973 (+31.3%), from -€12,701 to -€8,728
- Gross operating margin +€3,904
up €3,904, from -€2,044 to €1,861
- Other operating charges +€1,079
up €1,079 (+9,440%), from €11 to €1,090
- Financial charges -€542
down €542 (-27.9%), from €1,946 to €1,404
- Taxes +€465
up €465, from -€465 to €0
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.
Derived cash bridge
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 | €82,271 | €70,242 | -€12,029 | -14.6% |
| Fixed assets | 21/28 | €20,328 | €9,793 | -€10,536 | -51.8% |
| Tangible fixed assets | 22/27 | €20,328 | €9,793 | -€10,536 | -51.8% |
| Plant, machinery and equipment | 23 | €712 | €712 | = | 0.0% |
| Furniture and vehicles | 24 | €19,617 | €9,081 | -€10,536 | -53.7% |
| Current assets | 29/58 | €61,943 | €60,449 | -€1,493 | -2.4% |
| Stocks and contracts in progress | 3 | €56,220 | €49,989 | -€6,231 | -11.1% |
| Stocks | 30/36 | €56,220 | €49,989 | -€6,231 | -11.1% |
| Amounts receivable within one year | 40/41 | €3,541 | €465 | -€3,076 | -86.9% |
| Trade receivables | 40 | €2,031 | €404 | -€1,627 | -80.1% |
| Other amounts receivable | 41 | €1,510 | €61 | -€1,449 | -96.0% |
| Cash at bank and in hand | 54/58 | €16 | €35 | +€19 | +121% |
| Deferred charges and accrued income | 490/1 | €2,165 | €9,960 | +€7,795 | +360% |
| Total equity and liabilities | 10/49 | €82,271 | €70,242 | -€12,029 | -14.6% |
| Equity | 10/15 | -€2,045 | -€4,413 | -€2,368 | -116% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,178 | €5,178 | = | 0.0% |
| Distributable reserves | 133 | €5,178 | €5,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,423 | -€15,791 | -€2,368 | -17.6% |
| Amounts payable | 17/49 | €84,316 | €74,655 | -€9,661 | -11.5% |
| Amounts payable after more than one year | 17 | €16,114 | €15,664 | -€450 | -2.8% |
| Financial debts | 170/4 | €16,114 | €15,664 | -€450 | -2.8% |
| Amounts payable within one year | 42/48 | €68,202 | €58,991 | -€9,211 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €5,206 | €5,450 | +€244 | +4.7% |
| Financial debts | 43 | €956 | €10,789 | +€9,833 | +1,029% |
| Credit institutions | 430/8 | €956 | €10,789 | +€9,833 | +1,029% |
| Trade debts | 44 | €16,623 | €6,333 | -€10,290 | -61.9% |
| Suppliers | 440/4 | €16,623 | €6,333 | -€10,290 | -61.9% |
| Taxes, remuneration and social security | 45 | €8,779 | €7,898 | -€881 | -10.0% |
| Taxes | 450/3 | €8,779 | €7,738 | -€1,041 | -11.9% |
| Remuneration and social security | 454/9 | €0 | €160 | +€160 | |
| Other amounts payable | 47/48 | €36,639 | €28,521 | -€8,117 | -22.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,479 | €10,536 | +€57 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,701 | -€8,728 | +€3,973 | +31.3% |
| Other operating charges | 640/8 | €11 | €1,090 | +€1,079 | +9,440% |
| Gross operating margin | 9900 | -€2,044 | €1,861 | +€3,904 | |
| Operating profit (loss) | 9901 | €167 | -€1,037 | -€1,204 | |
| Financial income | 75/76B | €0 | €72 | +€72 | |
| Recurring financial income | 75 | €0 | €72 | +€72 | |
| Financial charges | 65/66B | €1,946 | €1,404 | -€542 | -27.9% |
| Recurring financial charges | 65 | €1,946 | €1,404 | -€542 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,779 | -€2,368 | -€589 | -33.1% |
| Income taxes | 67/77 | -€465 | €0 | +€465 | |
| Profit (loss) for the period | 9904 | -€1,314 | -€2,368 | -€1,055 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,314 | -€2,368 | -€1,055 | -80.3% |
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 26 October 2026 via checked.be.