THE MANAGEMENT LAB: 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 MANAGEMENT LAB
Largest movements
- Receivables within one year -€761
down €761 (-12.6%), from €6,038 to €5,277
of which Other amounts receivable: -€1,503
- Cash +€229
up €229 (+263%), from €87 to €316
mainly Receivables within one year (+€761)
- Tax, wage and social debts -€320
down €320 (-93.7%), from €341 to €22
- Other debts -€127
down €127 (-0.6%), from €19,882 to €19,755
- Profit (loss) carried forward -€86
down €86 (-0.3%), from -€32,698 to -€32,784
- Turnover -€52,952
no longer reported in 2025 (was €52,952)
- Purchases and services -€47,411
no longer reported in 2025 (was €47,411)
- Gross operating margin -€5,031
down €5,031 (-90.8%), from €5,541 to €509
- Financial charges -€3,847
down €3,847 (-98.6%), from €3,901 to €54
of which Non-recurring financial charges: -€3,830
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 | €6,125 | €5,593 | -€532 | -8.7% |
| Current assets | 29/58 | €6,125 | €5,593 | -€532 | -8.7% |
| Amounts receivable within one year | 40/41 | €6,038 | €5,277 | -€761 | -12.6% |
| Trade receivables | 40 | €3,371 | €4,113 | +€741 | +22.0% |
| Other amounts receivable | 41 | €2,667 | €1,165 | -€1,503 | -56.3% |
| Cash at bank and in hand | 54/58 | €87 | €316 | +€229 | +263% |
| Total equity and liabilities | 10/49 | €6,125 | €5,593 | -€532 | -8.7% |
| Equity | 10/15 | -€14,098 | -€14,184 | -€86 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,698 | -€32,784 | -€86 | -0.3% |
| Amounts payable | 17/49 | €20,224 | €19,777 | -€447 | -2.2% |
| Amounts payable within one year | 42/48 | €20,224 | €19,777 | -€447 | -2.2% |
| Taxes, remuneration and social security | 45 | €341 | €22 | -€320 | -93.7% |
| Taxes | 450/3 | €341 | €22 | -€320 | -93.7% |
| Other amounts payable | 47/48 | €19,882 | €19,755 | -€127 | -0.6% |
| Turnover | 70 | €52,952 | - | -€52,952 | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,411 | - | -€47,411 | |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €5,541 | €509 | -€5,031 | -90.8% |
| Operating profit (loss) | 9901 | €5,423 | -€10 | -€5,433 | |
| Financial charges | 65/66B | €3,901 | €54 | -€3,847 | -98.6% |
| Recurring financial charges | 65 | €71 | €54 | -€17 | -23.4% |
| Non-recurring financial charges | 66B | €3,830 | - | -€3,830 | |
| Profit (loss) for the period before taxes | 9903 | €1,522 | -€64 | -€1,586 | |
| Income taxes | 67/77 | €341 | €22 | -€320 | -93.7% |
| Profit (loss) for the period | 9904 | €1,181 | -€86 | -€1,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,181 | -€86 | -€1,267 |
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 14 October 2026 via checked.be.