THINK OUTSIDE THE BOX: 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.
THINK OUTSIDE THE BOX
Largest movements
- Receivables within one year -€13,479
down €13,479 (-18.9%), from €71,469 to €57,990
of which Trade receivables: -€12,150
- Tangible fixed assets -€5,953
down €5,953 (-24.7%), from €24,144 to €18,191
- Cash +€1,773
up €1,773 (+378%), from €469 to €2,242
mainly Receivables within one year (+€13,479) and Current portion of long-term debt (+€11,312)
- Other debts -€24,076
no longer reported in 2025 (was €24,076)
- Trade debts -€12,659
down €12,659 (-28.0%), from €45,205 to €32,547
- Current portion of long-term debt +€11,312
new in 2025: €11,312
- Profit (loss) carried forward +€9,420
up €9,420 (+81.6%), from €11,545 to €20,965
- Tax, wage and social debts -€1,739
down €1,739 (-18.7%), from €9,301 to €7,562
- Gross operating margin +€9,258
up €9,258 (+65.8%), from €14,063 to €23,321
- Depreciation +€7,249
up €7,249 (+818%), from €886 to €8,135
- Taxes +€1,315
up €1,315 (+43.3%), from €3,039 to €4,354
- Other operating charges +€680
up €680 (+237%), from €287 to €967
- Financial charges +€457
up €457 (+192%), from €238 to €695
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 | €96,626 | €78,886 | -€17,741 | -18.4% |
| Fixed assets | 21/28 | €24,144 | €18,191 | -€5,953 | -24.7% |
| Tangible fixed assets | 22/27 | €24,144 | €18,191 | -€5,953 | -24.7% |
| Furniture and vehicles | 24 | €24,144 | €18,191 | -€5,953 | -24.7% |
| Current assets | 29/58 | €72,482 | €60,695 | -€11,787 | -16.3% |
| Amounts receivable within one year | 40/41 | €71,469 | €57,990 | -€13,479 | -18.9% |
| Trade receivables | 40 | €64,773 | €52,623 | -€12,150 | -18.8% |
| Other amounts receivable | 41 | €6,696 | €5,367 | -€1,329 | -19.8% |
| Cash at bank and in hand | 54/58 | €469 | €2,242 | +€1,773 | +378% |
| Deferred charges and accrued income | 490/1 | €544 | €463 | -€81 | -15.0% |
| Total equity and liabilities | 10/49 | €96,626 | €78,886 | -€17,741 | -18.4% |
| Equity | 10/15 | €18,045 | €27,465 | +€9,420 | +52.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,545 | €20,965 | +€9,420 | +81.6% |
| Amounts payable | 17/49 | €78,581 | €51,420 | -€27,161 | -34.6% |
| Amounts payable within one year | 42/48 | €78,581 | €51,420 | -€27,161 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,312 | +€11,312 | |
| Trade debts | 44 | €45,205 | €32,547 | -€12,659 | -28.0% |
| Suppliers | 440/4 | €45,205 | €32,547 | -€12,659 | -28.0% |
| Taxes, remuneration and social security | 45 | €9,301 | €7,562 | -€1,739 | -18.7% |
| Taxes | 450/3 | €9,301 | €7,562 | -€1,739 | -18.7% |
| Other amounts payable | 47/48 | €24,076 | - | -€24,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €8,135 | +€7,249 | +818% |
| Other operating charges | 640/8 | €287 | €967 | +€680 | +237% |
| Gross operating margin | 9900 | €14,063 | €23,321 | +€9,258 | +65.8% |
| Operating profit (loss) | 9901 | €12,890 | €14,219 | +€1,329 | +10.3% |
| Financial income | 75/76B | €91 | €251 | +€160 | +175% |
| Recurring financial income | 75 | €91 | €251 | +€160 | +175% |
| Financial charges | 65/66B | €238 | €695 | +€457 | +192% |
| Recurring financial charges | 65 | €238 | €695 | +€457 | +192% |
| Profit (loss) for the period before taxes | 9903 | €12,743 | €13,775 | +€1,031 | +8.1% |
| Income taxes | 67/77 | €3,039 | €4,354 | +€1,315 | +43.3% |
| Profit (loss) for the period | 9904 | €9,704 | €9,420 | -€284 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,704 | €9,420 | -€284 | -2.9% |
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 25 October 2026 via checked.be.