This is Given: 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.
This is Given
Largest movements
- Cash -€4,613
down €4,613 (-9.3%), from €49,387 to €44,774
mainly Other debts (-€13,891) and Tax, wage and social debts (-€6,725)
- Intangible fixed assets -€3,252
down €3,252 (-26.2%), from €12,403 to €9,151
- Financial fixed assets +€1,638
new in 2025: €1,638
- Other debts -€13,891
down €13,891 (-52.8%), from €26,333 to €12,442
- Trade debts +€8,728
up €8,728 (+73.4%), from €11,885 to €20,613
- Tax, wage and social debts -€6,725
down €6,725 (-21.6%), from €31,065 to €24,340
- Accrued charges and deferred income +€4,500
new in 2025: €4,500
- Gross operating margin -€45,035
down €45,035 (-89.4%), from €50,354 to €5,319
- Taxes -€5,445
down €5,445 (-84.8%), from €6,425 to €980
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 | €104,645 | €97,661 | -€6,983 | -6.7% |
| Fixed assets | 21/28 | €12,403 | €10,789 | -€1,614 | -13.0% |
| Intangible fixed assets | 21 | €12,403 | €9,151 | -€3,252 | -26.2% |
| Financial fixed assets | 28 | - | €1,638 | +€1,638 | |
| Current assets | 29/58 | €92,242 | €86,873 | -€5,369 | -5.8% |
| Amounts receivable within one year | 40/41 | €42,854 | €42,098 | -€756 | -1.8% |
| Trade receivables | 40 | €42,854 | €42,098 | -€756 | -1.8% |
| Cash at bank and in hand | 54/58 | €49,387 | €44,774 | -€4,613 | -9.3% |
| Total equity and liabilities | 10/49 | €104,645 | €97,661 | -€6,983 | -6.7% |
| Equity | 10/15 | €35,362 | €35,767 | +€405 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,362 | €30,767 | +€405 | +1.3% |
| Amounts payable | 17/49 | €69,283 | €61,895 | -€7,388 | -10.7% |
| Amounts payable within one year | 42/48 | €69,283 | €57,395 | -€11,888 | -17.2% |
| Trade debts | 44 | €11,885 | €20,613 | +€8,728 | +73.4% |
| Suppliers | 440/4 | €11,885 | €20,613 | +€8,728 | +73.4% |
| Taxes, remuneration and social security | 45 | €31,065 | €24,340 | -€6,725 | -21.6% |
| Taxes | 450/3 | €31,065 | €24,340 | -€6,725 | -21.6% |
| Other amounts payable | 47/48 | €26,333 | €12,442 | -€13,891 | -52.8% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,252 | €3,252 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €468 | +€468 | |
| Other operating charges | 640/8 | €462 | - | -€462 | |
| Gross operating margin | 9900 | €50,354 | €5,319 | -€45,035 | -89.4% |
| Operating profit (loss) | 9901 | €46,640 | €1,599 | -€45,041 | -96.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +518.2% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +518.2% |
| Financial charges | 65/66B | €151 | €215 | +€63 | +41.9% |
| Recurring financial charges | 65 | €151 | €215 | +€63 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €46,488 | €1,385 | -€45,104 | -97.0% |
| Income taxes | 67/77 | €6,425 | €980 | -€5,445 | -84.8% |
| Profit (loss) for the period | 9904 | €40,064 | €405 | -€39,659 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,064 | €405 | -€39,659 | -99.0% |
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.