TheLens: 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.
TheLens
Largest movements
- Tangible fixed assets -€37,444
down €37,444 (-33.3%), from €112,397 to €74,953
- Receivables within one year +€1,344
up €1,344 (+60.0%), from €2,242 to €3,586
of which Other amounts receivable: +€836
- Trade debts -€38,010
down €38,010 (-34.1%), from €111,441 to €73,431
- Reserves +€1,394
up €1,394 (+90.7%), from €1,536 to €2,930
- Gross operating margin +€12,812
up €12,812 (+83.4%), from €15,364 to €28,176
- Depreciation +€8,842
up €8,842 (+70.2%), from €12,603 to €21,444
- Other operating charges +€4,025
up €4,025 (+522%), from €772 to €4,797
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 | €118,865 | €82,094 | -€36,771 | -30.9% |
| Fixed assets | 21/28 | €112,397 | €74,953 | -€37,444 | -33.3% |
| Tangible fixed assets | 22/27 | €112,397 | €74,953 | -€37,444 | -33.3% |
| Plant, machinery and equipment | 23 | €112,397 | €74,953 | -€37,444 | -33.3% |
| Current assets | 29/58 | €6,468 | €7,141 | +€673 | +10.4% |
| Amounts receivable within one year | 40/41 | €2,242 | €3,586 | +€1,344 | +60.0% |
| Trade receivables | 40 | €2,242 | €2,750 | +€508 | +22.7% |
| Other amounts receivable | 41 | - | €836 | +€836 | |
| Cash at bank and in hand | 54/58 | €4,226 | €3,554 | -€671 | -15.9% |
| Total equity and liabilities | 10/49 | €118,865 | €82,094 | -€36,771 | -30.9% |
| Equity | 10/15 | €6,536 | €7,930 | +€1,394 | +21.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,536 | €2,930 | +€1,394 | +90.7% |
| Distributable reserves | 133 | €1,536 | €2,930 | +€1,394 | +90.7% |
| Amounts payable | 17/49 | €112,329 | €74,164 | -€38,165 | -34.0% |
| Amounts payable within one year | 42/48 | €112,329 | €74,164 | -€38,165 | -34.0% |
| Trade debts | 44 | €111,441 | €73,431 | -€38,010 | -34.1% |
| Suppliers | 440/4 | €111,441 | €73,431 | -€38,010 | -34.1% |
| Taxes, remuneration and social security | 45 | €887 | €732 | -€155 | -17.5% |
| Taxes | 450/3 | €887 | €732 | -€155 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,603 | €21,444 | +€8,842 | +70.2% |
| Other operating charges | 640/8 | €772 | €4,797 | +€4,025 | +522% |
| Gross operating margin | 9900 | €15,364 | €28,176 | +€12,812 | +83.4% |
| Operating profit (loss) | 9901 | €1,990 | €1,934 | -€56 | -2.8% |
| Financial charges | 65/66B | €70 | €192 | +€122 | +175% |
| Recurring financial charges | 65 | €70 | €192 | +€122 | +175% |
| Profit (loss) for the period before taxes | 9903 | €1,920 | €1,742 | -€178 | -9.3% |
| Income taxes | 67/77 | €384 | €348 | -€36 | -9.3% |
| Profit (loss) for the period | 9904 | €1,536 | €1,394 | -€142 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,536 | €1,394 | -€142 | -9.3% |
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 15 October 2026 via checked.be.