THIS IS LOVELY: 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.
THIS IS LOVELY
Largest movements
- Cash +€3,567
up €3,567 (+7.1%), from €50,424 to €53,991
mainly Trade debts (+€11,843) and Tax, wage and social debts (+€3,506)
- Receivables within one year -€2,458
down €2,458 (-14.2%), from €17,308 to €14,850
of which Other amounts receivable: -€4,805
- Profit (loss) carried forward -€14,691
down €14,691, from €1,223 to -€13,468
- Trade debts +€11,843
up €11,843 (+1,624%), from €729 to €12,572
- Tax, wage and social debts +€3,506
up €3,506 (+77.0%), from €4,556 to €8,062
- Gross operating margin -€28,453
down €28,453, from €15,269 to -€13,184
- Depreciation -€3,941
down €3,941 (-89.7%), from €4,393 to €452
- Taxes -€3,352
down €3,352 (-94.8%), from €3,535 to €183
- Other operating charges +€472
up €472 (+116%), from €407 to €879
- Financial charges -€244
down €244 (-65.7%), from €372 to €128
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 | €68,668 | €69,326 | +€658 | +1.0% |
| Fixed assets | 21/28 | €937 | €485 | -€452 | -48.2% |
| Tangible fixed assets | 22/27 | €902 | €450 | -€452 | -50.1% |
| Furniture and vehicles | 24 | €902 | €450 | -€452 | -50.1% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €67,732 | €68,841 | +€1,110 | +1.6% |
| Amounts receivable within one year | 40/41 | €17,308 | €14,850 | -€2,458 | -14.2% |
| Trade receivables | 40 | €6,970 | €9,317 | +€2,347 | +33.7% |
| Other amounts receivable | 41 | €10,338 | €5,533 | -€4,805 | -46.5% |
| Cash at bank and in hand | 54/58 | €50,424 | €53,991 | +€3,567 | +7.1% |
| Total equity and liabilities | 10/49 | €68,668 | €69,326 | +€658 | +1.0% |
| Equity | 10/15 | €63,383 | €48,692 | -€14,691 | -23.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €47,900 | €47,900 | = | 0.0% |
| Distributable reserves | 133 | €47,900 | €47,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,223 | -€13,468 | -€14,691 | |
| Amounts payable | 17/49 | €5,285 | €20,634 | +€15,349 | +290% |
| Amounts payable within one year | 42/48 | €5,285 | €20,634 | +€15,349 | +290% |
| Trade debts | 44 | €729 | €12,572 | +€11,843 | +1,624% |
| Suppliers | 440/4 | €729 | €12,572 | +€11,843 | +1,624% |
| Taxes, remuneration and social security | 45 | €4,556 | €8,062 | +€3,506 | +77.0% |
| Taxes | 450/3 | €4,556 | €8,062 | +€3,506 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,393 | €452 | -€3,941 | -89.7% |
| Other operating charges | 640/8 | €407 | €879 | +€472 | +116% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €15,269 | -€13,184 | -€28,453 | |
| Operating profit (loss) | 9901 | €10,468 | -€14,615 | -€25,083 | |
| Financial income | 75/76B | €159 | €235 | +€76 | +47.6% |
| Recurring financial income | 75 | €159 | €235 | +€76 | +47.6% |
| Financial charges | 65/66B | €372 | €128 | -€244 | -65.7% |
| Recurring financial charges | 65 | €372 | €128 | -€244 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €10,256 | -€14,508 | -€24,764 | |
| Income taxes | 67/77 | €3,535 | €183 | -€3,352 | -94.8% |
| Profit (loss) for the period | 9904 | €6,721 | -€14,691 | -€21,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,721 | -€14,691 | -€21,412 |
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 23 October 2026 via checked.be.