THE RIGHT MIX: 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 RIGHT MIX
Largest movements
- Tangible fixed assets -€12,702
down €12,702 (-27.2%), from €46,675 to €33,972
- Receivables within one year -€3,026
down €3,026 (-15.1%), from €20,044 to €17,018
of which Trade receivables: -€4,903
- Other debts -€19,044
down €19,044 (-65.1%), from €29,268 to €10,224
- Reserves +€10,084
up €10,084 (+12.5%), from €80,674 to €90,758
- Tax, wage and social debts -€8,491
down €8,491 (-46.7%), from €18,183 to €9,692
- Gross operating margin -€26,686
down €26,686 (-46.8%), from €57,008 to €30,323
- Taxes -€6,625
down €6,625 (-55.1%), from €12,033 to €5,408
- Other operating charges -€1,166
down €1,166 (-53.1%), from €2,195 to €1,028
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 | €301,731 | €285,511 | -€16,220 | -5.4% |
| Fixed assets | 21/28 | €46,675 | €33,972 | -€12,702 | -27.2% |
| Tangible fixed assets | 22/27 | €46,675 | €33,972 | -€12,702 | -27.2% |
| Furniture and vehicles | 24 | €46,675 | €33,972 | -€12,702 | -27.2% |
| Current assets | 29/58 | €255,056 | €251,539 | -€3,518 | -1.4% |
| Amounts receivable within one year | 40/41 | €20,044 | €17,018 | -€3,026 | -15.1% |
| Trade receivables | 40 | €19,328 | €14,425 | -€4,903 | -25.4% |
| Other amounts receivable | 41 | €716 | €2,592 | +€1,877 | +262% |
| Cash at bank and in hand | 54/58 | €231,013 | €229,439 | -€1,574 | -0.7% |
| Deferred charges and accrued income | 490/1 | €3,999 | €5,082 | +€1,083 | +27.1% |
| Total equity and liabilities | 10/49 | €301,731 | €285,511 | -€16,220 | -5.4% |
| Equity | 10/15 | €252,730 | €262,814 | +€10,084 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,674 | €90,758 | +€10,084 | +12.5% |
| Distributable reserves | 133 | €80,674 | €90,758 | +€10,084 | +12.5% |
| Profit (loss) carried forward | 14 | €165,856 | €165,856 | = | 0.0% |
| Amounts payable | 17/49 | €49,001 | €22,697 | -€26,304 | -53.7% |
| Amounts payable within one year | 42/48 | €47,767 | €21,719 | -€26,048 | -54.5% |
| Trade debts | 44 | €317 | €1,804 | +€1,487 | +469% |
| Suppliers | 440/4 | €317 | €1,804 | +€1,487 | +469% |
| Taxes, remuneration and social security | 45 | €18,183 | €9,692 | -€8,491 | -46.7% |
| Taxes | 450/3 | €18,183 | €9,692 | -€8,491 | -46.7% |
| Other amounts payable | 47/48 | €29,268 | €10,224 | -€19,044 | -65.1% |
| Accrued charges and deferred income | 492/3 | €1,234 | €978 | -€256 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,702 | €12,702 | = | 0.0% |
| Other operating charges | 640/8 | €2,195 | €1,028 | -€1,166 | -53.1% |
| Gross operating margin | 9900 | €57,008 | €30,323 | -€26,686 | -46.8% |
| Operating profit (loss) | 9901 | €42,111 | €16,592 | -€25,520 | -60.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,452 | €1,100 | -€351 | -24.2% |
| Recurring financial charges | 65 | €1,452 | €1,100 | -€351 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €40,660 | €15,491 | -€25,168 | -61.9% |
| Income taxes | 67/77 | €12,033 | €5,408 | -€6,625 | -55.1% |
| Profit (loss) for the period | 9904 | €28,627 | €10,084 | -€18,543 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,627 | €10,084 | -€18,543 | -64.8% |
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 31 October 2026 via checked.be.