THE SOURCE: 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 SOURCE
Largest movements
- Cash -€13,549
down €13,549 (-46.8%), from €28,940 to €15,391
mainly Other debts (-€13,756) and Receivables within one year (-€5,752)
- Receivables within one year +€5,752
up €5,752 (+30.9%), from €18,630 to €24,382
of which Other amounts receivable: +€6,334
- Other debts -€13,756
down €13,756 (-88.4%), from €15,556 to €1,800
- Trade debts +€4,318
up €4,318 (+51.1%), from €8,449 to €12,767
- Tax, wage and social debts +€2,462
up €2,462 (+367%), from €671 to €3,133
of which Taxes: +€2,246
- Profit (loss) carried forward -€1,077
down €1,077 (-8.2%), from €13,186 to €12,109
- Gross operating margin -€17,452
down €17,452 (-91.2%), from €19,134 to €1,683
- Taxes -€3,240
down €3,240 (-70.2%), from €4,614 to €1,374
- Depreciation +€437
up €437 (+49.1%), from €889 to €1,326
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €49,663 | €41,910 | -€7,752 | -15.6% |
| Fixed assets | 21/28 | €2,093 | €2,137 | +€44 | +2.1% |
| Tangible fixed assets | 22/27 | €1,730 | €1,774 | +€44 | +2.6% |
| Furniture and vehicles | 24 | €1,730 | €1,774 | +€44 | +2.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €47,570 | €39,773 | -€7,796 | -16.4% |
| Amounts receivable within one year | 40/41 | €18,630 | €24,382 | +€5,752 | +30.9% |
| Trade receivables | 40 | €15,941 | €15,359 | -€581 | -3.6% |
| Other amounts receivable | 41 | €2,689 | €9,023 | +€6,334 | +236% |
| Cash at bank and in hand | 54/58 | €28,940 | €15,391 | -€13,549 | -46.8% |
| Total equity and liabilities | 10/49 | €49,663 | €41,910 | -€7,752 | -15.6% |
| Equity | 10/15 | €15,186 | €14,109 | -€1,077 | -7.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,186 | €12,109 | -€1,077 | -8.2% |
| Amounts payable | 17/49 | €34,477 | €27,802 | -€6,675 | -19.4% |
| Amounts payable within one year | 42/48 | €34,477 | €27,502 | -€6,975 | -20.2% |
| Trade debts | 44 | €8,449 | €12,767 | +€4,318 | +51.1% |
| Suppliers | 440/4 | €8,449 | €12,767 | +€4,318 | +51.1% |
| Advances received on contracts in progress | 46 | €9,801 | €9,801 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €671 | €3,133 | +€2,462 | +367% |
| Taxes | 450/3 | €671 | €2,917 | +€2,246 | +335% |
| Remuneration and social security | 454/9 | - | €216 | +€216 | |
| Other amounts payable | 47/48 | €15,556 | €1,800 | -€13,756 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889 | €1,326 | +€437 | +49.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €19,134 | €1,683 | -€17,452 | -91.2% |
| Operating profit (loss) | 9901 | €17,858 | €357 | -€17,501 | -98.0% |
| Financial charges | 65/66B | €59 | €60 | +€2 | +2.6% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €17,800 | €297 | -€17,503 | -98.3% |
| Income taxes | 67/77 | €4,614 | €1,374 | -€3,240 | -70.2% |
| Profit (loss) for the period | 9904 | €13,186 | -€1,077 | -€14,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,186 | -€1,077 | -€14,263 |
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.