TIP: 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.
TIP
Largest movements
- Tangible fixed assets +€3,594
up €3,594 (+24.3%), from €14,809 to €18,403
- Receivables within one year +€1,993
up €1,993 (+4.3%), from €46,592 to €48,585
of which Trade receivables: +€4,082
- Cash -€1,022
down €1,022 (-10.2%), from €9,972 to €8,950
mainly Investment in fixed assets (net) (-€7,511) and Receivables within one year (-€1,993)
- Other debts +€2,158
up €2,158 (+49.8%), from €4,329 to €6,487
- Profit (loss) carried forward +€1,700
up €1,700 (+3.5%), from €47,968 to €49,668
- Trade debts +€967
up €967 (+12.0%), from €8,049 to €9,016
- Turnover -€116,528
down €116,528 (-42.1%), from €276,500 to €159,972
- Purchases and services -€83,689
down €83,689 (-34.8%), from €240,397 to €156,708
- Gross operating margin -€32,839
down €32,839 (-91.0%), from €36,103 to €3,264
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 | €71,588 | €76,153 | +€4,565 | +6.4% |
| Fixed assets | 21/28 | €15,024 | €18,618 | +€3,594 | +23.9% |
| Tangible fixed assets | 22/27 | €14,809 | €18,403 | +€3,594 | +24.3% |
| Furniture and vehicles | 24 | €14,809 | €18,403 | +€3,594 | +24.3% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €56,564 | €57,535 | +€971 | +1.7% |
| Amounts receivable within one year | 40/41 | €46,592 | €48,585 | +€1,993 | +4.3% |
| Trade receivables | 40 | €1,365 | €5,447 | +€4,082 | +299.0% |
| Other amounts receivable | 41 | €45,227 | €43,138 | -€2,089 | -4.6% |
| Cash at bank and in hand | 54/58 | €9,972 | €8,950 | -€1,022 | -10.2% |
| Total equity and liabilities | 10/49 | €71,588 | €76,153 | +€4,565 | +6.4% |
| Equity | 10/15 | €56,024 | €57,724 | +€1,700 | +3.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,968 | €49,668 | +€1,700 | +3.5% |
| Amounts payable | 17/49 | €15,564 | €18,429 | +€2,865 | +18.4% |
| Amounts payable after more than one year | 17 | €2,926 | €2,926 | = | 0.0% |
| Financial debts | 170/4 | €2,926 | €2,926 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,378 | €15,503 | +€3,125 | +25.2% |
| Trade debts | 44 | €8,049 | €9,016 | +€967 | +12.0% |
| Suppliers | 440/4 | €8,049 | €9,016 | +€967 | +12.0% |
| Other amounts payable | 47/48 | €4,329 | €6,487 | +€2,158 | +49.8% |
| Accrued charges and deferred income | 492/3 | €260 | - | -€260 | |
| Turnover | 70 | €276,500 | €159,972 | -€116,528 | -42.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €240,397 | €156,708 | -€83,689 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,760 | €3,917 | -€843 | -17.7% |
| Non-recurring operating charges | 66A | €569 | - | -€569 | |
| Gross operating margin | 9900 | €36,103 | €3,264 | -€32,839 | -91.0% |
| Operating profit (loss) | 9901 | €30,774 | -€653 | -€31,427 | |
| Financial income | 75/76B | €5,258 | €4,838 | -€420 | -8.0% |
| Recurring financial income | 75 | €5,258 | €4,838 | -€420 | -8.0% |
| Financial charges | 65/66B | - | €1,370 | +€1,370 | |
| Recurring financial charges | 65 | - | €1,370 | +€1,370 | |
| Profit (loss) for the period before taxes | 9903 | €36,032 | €2,815 | -€33,217 | -92.2% |
| Income taxes | 67/77 | - | €1,115 | +€1,115 | |
| Profit (loss) for the period | 9904 | €36,032 | €1,700 | -€34,332 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,032 | €1,700 | -€34,332 | -95.3% |
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 30 September 2026 via checked.be.