THINK AND 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.
THINK AND DO
Largest movements
- Tangible fixed assets -€3,452
down €3,452 (-38.1%), from €9,053 to €5,601
of which Furniture and vehicles: -€3,069
- Deferred charges and accrued income -€712
down €712 (-85.9%), from €829 to €117
- Trade debts -€3,040
down €3,040 (-97.2%), from €3,128 to €87
- Profit (loss) carried forward -€2,642
down €2,642 (-58.4%), from -€4,526 to -€7,168
- Other debts +€1,709
up €1,709 (+4.8%), from €35,794 to €37,503
- Gross operating margin +€9,451
up €9,451, from -€5,926 to €3,524
- Financial charges -€955
down €955 (-44.2%), from €2,162 to €1,207
- Other operating charges -€135
down €135 (-13.4%), from €1,011 to €875
- Depreciation -€67
down €67 (-1.7%), from €4,019 to €3,952
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 | €45,663 | €41,320 | -€4,343 | -9.5% |
| Fixed assets | 21/28 | €9,053 | €5,601 | -€3,452 | -38.1% |
| Tangible fixed assets | 22/27 | €9,053 | €5,601 | -€3,452 | -38.1% |
| Plant, machinery and equipment | 23 | €383 | €0 | -€383 | -100.0% |
| Furniture and vehicles | 24 | €8,670 | €5,601 | -€3,069 | -35.4% |
| Current assets | 29/58 | €36,610 | €35,719 | -€891 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,885 | €1,826 | -€59 | -3.1% |
| Other amounts receivable | 41 | €1,885 | €1,826 | -€59 | -3.1% |
| Cash at bank and in hand | 54/58 | €33,896 | €33,777 | -€119 | -0.4% |
| Deferred charges and accrued income | 490/1 | €829 | €117 | -€712 | -85.9% |
| Total equity and liabilities | 10/49 | €45,663 | €41,320 | -€4,343 | -9.5% |
| Equity | 10/15 | €5,717 | €3,075 | -€2,642 | -46.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,244 | €9,244 | = | 0.0% |
| Distributable reserves | 133 | €9,244 | €9,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,526 | -€7,168 | -€2,642 | -58.4% |
| Amounts payable | 17/49 | €39,946 | €38,245 | -€1,701 | -4.3% |
| Amounts payable within one year | 42/48 | €39,946 | €38,245 | -€1,701 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €533 | €533 | -€0 | 0.0% |
| Trade debts | 44 | €3,128 | €87 | -€3,040 | -97.2% |
| Suppliers | 440/4 | €3,128 | €87 | -€3,040 | -97.2% |
| Taxes, remuneration and social security | 45 | €491 | €121 | -€369 | -75.3% |
| Taxes | 450/3 | €491 | €121 | -€369 | -75.3% |
| Other amounts payable | 47/48 | €35,794 | €37,503 | +€1,709 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,019 | €3,952 | -€67 | -1.7% |
| Other operating charges | 640/8 | €1,011 | €875 | -€135 | -13.4% |
| Gross operating margin | 9900 | -€5,926 | €3,524 | +€9,451 | |
| Operating profit (loss) | 9901 | -€10,956 | -€1,303 | +€9,653 | +88.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,162 | €1,207 | -€955 | -44.2% |
| Recurring financial charges | 65 | €2,162 | €1,207 | -€955 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,118 | -€2,510 | +€10,608 | +80.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€13,246 | -€2,642 | +€10,604 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,246 | -€2,642 | +€10,604 | +80.1% |
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 6 October 2026 via checked.be.