THINGS TO COME: 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.
THINGS TO COME
Largest movements
- Receivables within one year -€15,111
down €15,111 (-97.2%), from €15,549 to €438
- Intangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Tangible fixed assets +€7,429
up €7,429 (+105%), from €7,098 to €14,526
of which Plant, machinery and equipment: +€8,093
- Cash -€5,706
down €5,706 (-68.2%), from €8,372 to €2,666
mainly Net result for the year (-€15,893) and Investment in fixed assets (net) (-€13,330)
- Financial fixed assets +€2,500
up €2,500 (+1,000%), from €250 to €2,750
- Profit (loss) carried forward -€15,893
down €15,893, from €72 to -€15,821
- Other debts +€12,425
up €12,425 (+47.1%), from €26,371 to €38,795
- Trade debts -€9,661
down €9,661 (-94.1%), from €10,271 to €610
- Investment grants -€6,859
down €6,859 (-33.3%), from €20,576 to €13,717
- Tax, wage and social debts -€901
down €901 (-22.6%), from €3,979 to €3,078
- Gross operating margin -€19,262
down €19,262, from €16,589 to -€2,674
- Depreciation -€1,627
down €1,627 (-10.8%), from €15,028 to €13,401
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial income +€266
new in 2025: €266
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 | €61,268 | €40,380 | -€20,888 | -34.1% |
| Fixed assets | 21/28 | €37,348 | €37,276 | -€71 | -0.2% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €7,098 | €14,526 | +€7,429 | +105% |
| Plant, machinery and equipment | 23 | €3,554 | €11,646 | +€8,093 | +228% |
| Furniture and vehicles | 24 | €3,544 | €2,880 | -€664 | -18.7% |
| Financial fixed assets | 28 | €250 | €2,750 | +€2,500 | +1,000% |
| Current assets | 29/58 | €23,920 | €3,103 | -€20,817 | -87.0% |
| Amounts receivable within one year | 40/41 | €15,549 | €438 | -€15,111 | -97.2% |
| Trade receivables | 40 | €15,549 | €438 | -€15,111 | -97.2% |
| Cash at bank and in hand | 54/58 | €8,372 | €2,666 | -€5,706 | -68.2% |
| Total equity and liabilities | 10/49 | €61,268 | €40,380 | -€20,888 | -34.1% |
| Equity | 10/15 | €20,648 | -€2,104 | -€22,751 | |
| Profit (loss) carried forward | 14 | €72 | -€15,821 | -€15,893 | |
| Investment grants | 15 | €20,576 | €13,717 | -€6,859 | -33.3% |
| Amounts payable | 17/49 | €40,620 | €42,483 | +€1,863 | +4.6% |
| Amounts payable within one year | 42/48 | €40,620 | €42,483 | +€1,863 | +4.6% |
| Trade debts | 44 | €10,271 | €610 | -€9,661 | -94.1% |
| Suppliers | 440/4 | €10,271 | €610 | -€9,661 | -94.1% |
| Taxes, remuneration and social security | 45 | €3,979 | €3,078 | -€901 | -22.6% |
| Taxes | 450/3 | €3,979 | €3,078 | -€901 | -22.6% |
| Other amounts payable | 47/48 | €26,371 | €38,795 | +€12,425 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,028 | €13,401 | -€1,627 | -10.8% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €16,589 | -€2,674 | -€19,262 | |
| Operating profit (loss) | 9901 | €1,173 | -€16,075 | -€17,248 | |
| Financial income | 75/76B | - | €266 | +€266 | |
| Recurring financial income | 75 | - | €266 | +€266 | |
| Financial charges | 65/66B | €148 | €84 | -€64 | -43.3% |
| Recurring financial charges | 65 | €148 | €84 | -€64 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €1,025 | -€15,893 | -€16,918 | |
| Profit (loss) for the period | 9904 | €1,025 | -€15,893 | -€16,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,025 | -€15,893 | -€16,918 |
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 17 October 2026 via checked.be.