THIS SIGHT UP!: 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 SIGHT UP!
Largest movements
- Tangible fixed assets -€13,515
down €13,515 (-21.6%), from €62,495 to €48,980
of which Plant, machinery and equipment: -€6,946
- Reserves -€49,374
down €49,374 (-40.4%), from €122,287 to €72,913
- Other debts +€39,544
up €39,544 (+309%), from €12,777 to €52,321
- Debts after one year -€7,419
down €7,419 (-100%), from €7,419 to €0
- Current portion of long-term debt +€3,794
up €3,794, from €0 to €3,794
- Trade debts -€1,890
down €1,890 (-77.7%), from €2,432 to €542
- Gross operating margin -€8,198
down €8,198 (-16.9%), from €48,396 to €40,197
- Staff costs -€1,765
down €1,765 (-89.9%), from €1,964 to €199
- Taxes -€1,305
down €1,305 (-18.6%), from €6,997 to €5,692
- Financial income -€1,006
down €1,006 (-100%), from €1,006 to €0
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 | €149,356 | €134,378 | -€14,978 | -10.0% |
| Fixed assets | 21/28 | €62,495 | €48,980 | -€13,515 | -21.6% |
| Tangible fixed assets | 22/27 | €62,495 | €48,980 | -€13,515 | -21.6% |
| Land and buildings | 22 | €6,031 | €3,424 | -€2,607 | -43.2% |
| Plant, machinery and equipment | 23 | €35,689 | €28,743 | -€6,946 | -19.5% |
| Furniture and vehicles | 24 | €5,119 | €3,992 | -€1,127 | -22.0% |
| Other tangible fixed assets | 26 | €15,656 | €12,822 | -€2,834 | -18.1% |
| Current assets | 29/58 | €86,861 | €85,398 | -€1,463 | -1.7% |
| Amounts receivable within one year | 40/41 | €22,160 | €21,681 | -€479 | -2.2% |
| Trade receivables | 40 | €17,467 | €16,346 | -€1,121 | -6.4% |
| Other amounts receivable | 41 | €4,693 | €5,335 | +€642 | +13.7% |
| Cash at bank and in hand | 54/58 | €62,213 | €61,113 | -€1,100 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,488 | €2,603 | +€116 | +4.6% |
| Total equity and liabilities | 10/49 | €149,356 | €134,378 | -€14,978 | -10.0% |
| Equity | 10/15 | €122,287 | €72,913 | -€49,374 | -40.4% |
| Reserves | 13 | €122,287 | €72,913 | -€49,374 | -40.4% |
| Distributable reserves | 133 | €122,287 | €72,913 | -€49,374 | -40.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,069 | €61,465 | +€34,396 | +127% |
| Amounts payable after more than one year | 17 | €7,419 | €0 | -€7,419 | -100% |
| Financial debts | 170/4 | €7,419 | €0 | -€7,419 | -100% |
| Amounts payable within one year | 42/48 | €19,651 | €61,465 | +€41,815 | +213% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,794 | +€3,794 | |
| Trade debts | 44 | €2,432 | €542 | -€1,890 | -77.7% |
| Suppliers | 440/4 | €2,432 | €542 | -€1,890 | -77.7% |
| Taxes, remuneration and social security | 45 | €4,441 | €4,807 | +€366 | +8.2% |
| Taxes | 450/3 | €4,441 | €4,807 | +€366 | +8.2% |
| Other amounts payable | 47/48 | €12,777 | €52,321 | +€39,544 | +309% |
| Remuneration, social security and pensions | 62 | €1,964 | €199 | -€1,765 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,464 | €21,536 | +€73 | +0.3% |
| Other operating charges | 640/8 | €1,111 | €947 | -€165 | -14.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,396 | €40,197 | -€8,198 | -16.9% |
| Operating profit (loss) | 9901 | €23,857 | €17,515 | -€6,342 | -26.6% |
| Financial income | 75/76B | €1,006 | €0 | -€1,006 | -100% |
| Recurring financial income | 75 | €1,006 | €0 | -€1,006 | -100% |
| Financial charges | 65/66B | €968 | €797 | -€171 | -17.7% |
| Recurring financial charges | 65 | €968 | €797 | -€171 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €23,895 | €16,718 | -€7,176 | -30.0% |
| Income taxes | 67/77 | €6,997 | €5,692 | -€1,305 | -18.6% |
| Profit (loss) for the period | 9904 | €16,898 | €11,026 | -€5,872 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,898 | €11,026 | -€5,872 | -34.7% |
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 14 October 2026 via checked.be.