things to do: what changed
Two fiscal 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 do
Largest movements
- Stocks and contracts +€40,000
new in 2025: €40,000
- Cash -€13,770
down €13,770 (-25.0%), from €54,981 to €41,211
mainly Stocks and contracts (-€40,000) and Tax, wage and social debts (-€20,966)
- Tangible fixed assets -€13,486
down €13,486 (-26.4%), from €51,155 to €37,669
of which Furniture and vehicles: -€13,319
- Receivables within one year -€4,792
down €4,792 (-8.8%), from €54,222 to €49,430
of which Trade receivables: -€32,650
- Reserves +€33,079
up €33,079 (+30.2%), from €109,648 to €142,727
of which Distributable reserves: +€33,079
- Tax, wage and social debts -€20,966
down €20,966 (-54.1%), from €38,753 to €17,786
- Other debts -€2,525
down €2,525 (-100.0%), from €2,525 to €0
- Trade debts -€2,360
down €2,360 (-91.4%), from €2,582 to €221
- Gross operating margin -€10,971
down €10,971 (-14.2%), from €77,275 to €66,303
- Taxes -€3,969
down €3,969 (-18.8%), from €21,065 to €17,096
- Depreciation +€1,917
up €1,917 (+13.6%), from €14,075 to €15,992
- Financial income +€855
up €855 (+1283.9%), from €67 to €921
- Financial charges -€778
down €778 (-69.6%), from €1,118 to €340
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.
Cash bridge derived
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 | €160,358 | €168,310 | +€7,952 | +5.0% |
| Fixed assets | 21/28 | €51,155 | €37,669 | -€13,486 | -26.4% |
| Tangible fixed assets | 22/27 | €51,155 | €37,669 | -€13,486 | -26.4% |
| Plant, machinery and equipment | 23 | €1,427 | €1,260 | -€166 | -11.7% |
| Furniture and vehicles | 24 | €49,728 | €36,409 | -€13,319 | -26.8% |
| Current assets | 29/58 | €109,203 | €130,641 | +€21,438 | +19.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €40,000 | +€40,000 | |
| Contracts in progress | 37 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €54,222 | €49,430 | -€4,792 | -8.8% |
| Trade receivables | 40 | €54,222 | €21,572 | -€32,650 | -60.2% |
| Other amounts receivable | 41 | - | €27,858 | +€27,858 | |
| Cash at bank and in hand | 54/58 | €54,981 | €41,211 | -€13,770 | -25.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €160,358 | €168,310 | +€7,952 | +5.0% |
| Equity | 10/15 | €115,848 | €148,927 | +€33,079 | +28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,648 | €142,727 | +€33,079 | +30.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €109,648 | €142,727 | +€33,079 | +30.2% |
| Amounts payable | 17/49 | €44,510 | €19,384 | -€25,127 | -56.5% |
| Amounts payable within one year | 42/48 | €43,859 | €18,008 | -€25,852 | -58.9% |
| Trade debts | 44 | €2,582 | €221 | -€2,360 | -91.4% |
| Suppliers | 440/4 | €2,582 | €221 | -€2,360 | -91.4% |
| Taxes, remuneration and social security | 45 | €38,753 | €17,786 | -€20,966 | -54.1% |
| Taxes | 450/3 | €38,753 | €17,786 | -€20,966 | -54.1% |
| Other amounts payable | 47/48 | €2,525 | €0 | -€2,525 | -100.0% |
| Accrued charges and deferred income | 492/3 | €651 | €1,376 | +€725 | +111.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,075 | €15,992 | +€1,917 | +13.6% |
| Other operating charges | 640/8 | €257 | €334 | +€78 | +30.3% |
| Non-recurring operating charges | 66A | €591 | €383 | -€208 | -35.2% |
| Gross operating margin | 9900 | €77,275 | €66,303 | -€10,971 | -14.2% |
| Operating profit (loss) | 9901 | €62,352 | €49,593 | -€12,758 | -20.5% |
| Financial income | 75/76B | €67 | €921 | +€855 | +1283.9% |
| Recurring financial income | 75 | €67 | €921 | +€855 | +1283.9% |
| Financial charges | 65/66B | €1,118 | €340 | -€778 | -69.6% |
| Recurring financial charges | 65 | €1,118 | €340 | -€778 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €61,300 | €50,175 | -€11,125 | -18.1% |
| Income taxes | 67/77 | €21,065 | €17,096 | -€3,969 | -18.8% |
| Profit (loss) for the period | 9904 | €40,235 | €33,079 | -€7,156 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,235 | €33,079 | -€7,156 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.