Time Line: 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.
Time Line
Largest movements
- Cash -€26,509
down €26,509 (-85.8%), from €30,899 to €4,389
mainly Investment in fixed assets (net) (-€22,967) and Receivables within one year (-€14,358)
- Receivables within one year +€14,358
up €14,358 (+32.9%), from €43,591 to €57,948
of which Trade receivables: +€16,187
- Tangible fixed assets +€14,050
up €14,050 (+170%), from €8,271 to €22,321
- Receivables after one year -€8,255
down €8,255 (-26.2%), from €31,513 to €23,258
- Deferred charges and accrued income +€4,995
up €4,995 (+1,958%), from €255 to €5,251
- Profit (loss) carried forward -€4,476
down €4,476 (-26.7%), from -€16,775 to -€21,251
- Tax, wage and social debts +€2,527
up €2,527 (+3.7%), from €67,603 to €70,131
of which Remuneration and social security: +€11,863
- Gross operating margin -€59,054
down €59,054 (-36.3%), from €162,532 to €103,479
- Staff costs -€32,381
down €32,381 (-30.3%), from €106,903 to €74,523
- Taxes -€8,694
down €8,694 (-61.5%), from €14,146 to €5,452
- Depreciation +€5,123
up €5,123 (+135%), from €3,793 to €8,917
- Financial charges -€3,685
down €3,685 (-45.7%), from €8,062 to €4,377
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 | €120,079 | €118,717 | -€1,361 | -1.1% |
| Fixed assets | 21/28 | €13,821 | €27,871 | +€14,050 | +102% |
| Tangible fixed assets | 22/27 | €8,271 | €22,321 | +€14,050 | +170% |
| Furniture and vehicles | 24 | €8,271 | €22,321 | +€14,050 | +170% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €106,258 | €90,846 | -€15,412 | -14.5% |
| Amounts receivable after more than one year | 29 | €31,513 | €23,258 | -€8,255 | -26.2% |
| Other amounts receivable | 291 | €31,513 | €23,258 | -€8,255 | -26.2% |
| Amounts receivable within one year | 40/41 | €43,591 | €57,948 | +€14,358 | +32.9% |
| Trade receivables | 40 | €32,435 | €48,622 | +€16,187 | +49.9% |
| Other amounts receivable | 41 | €11,156 | €9,327 | -€1,829 | -16.4% |
| Cash at bank and in hand | 54/58 | €30,899 | €4,389 | -€26,509 | -85.8% |
| Deferred charges and accrued income | 490/1 | €255 | €5,251 | +€4,995 | +1,958% |
| Total equity and liabilities | 10/49 | €120,079 | €118,717 | -€1,361 | -1.1% |
| Equity | 10/15 | -€915 | -€5,391 | -€4,476 | -489% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,775 | -€21,251 | -€4,476 | -26.7% |
| Amounts payable | 17/49 | €120,994 | €124,109 | +€3,115 | +2.6% |
| Amounts payable within one year | 42/48 | €120,994 | €124,109 | +€3,115 | +2.6% |
| Trade debts | 44 | €53,391 | €53,978 | +€588 | +1.1% |
| Suppliers | 440/4 | €53,391 | €53,978 | +€588 | +1.1% |
| Taxes, remuneration and social security | 45 | €67,603 | €70,131 | +€2,527 | +3.7% |
| Taxes | 450/3 | €45,097 | €35,761 | -€9,336 | -20.7% |
| Remuneration and social security | 454/9 | €22,506 | €34,369 | +€11,863 | +52.7% |
| Non-recurring operating income | 76A | €1,864 | - | -€1,864 | |
| Remuneration, social security and pensions | 62 | €106,903 | €74,523 | -€32,381 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,793 | €8,917 | +€5,123 | +135% |
| Other operating charges | 640/8 | €18,380 | €15,243 | -€3,138 | -17.1% |
| Gross operating margin | 9900 | €162,532 | €103,479 | -€59,054 | -36.3% |
| Operating profit (loss) | 9901 | €33,455 | €4,797 | -€28,658 | -85.7% |
| Financial income | 75/76B | €1,761 | €556 | -€1,204 | -68.4% |
| Recurring financial income | 75 | €1,761 | €556 | -€1,204 | -68.4% |
| Financial charges | 65/66B | €8,062 | €4,377 | -€3,685 | -45.7% |
| Recurring financial charges | 65 | €8,062 | €4,377 | -€3,685 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €27,153 | €976 | -€26,178 | -96.4% |
| Income taxes | 67/77 | €14,146 | €5,452 | -€8,694 | -61.5% |
| Profit (loss) for the period | 9904 | €13,008 | -€4,476 | -€17,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,008 | -€4,476 | -€17,484 |
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 15 October 2026 via checked.be.