Tire-bouchon: 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.
Tire-bouchon
Largest movements
- Stocks and contracts -€8,479
down €8,479 (-42.6%), from €19,882 to €11,403
- Receivables within one year +€1,451
up €1,451 (+71.2%), from €2,036 to €3,487
of which Trade receivables: +€826
- Cash -€1,427
down €1,427 (-69.1%), from €2,064 to €637
mainly Net result for the year (-€14,244) and Trade debts (-€2,603)
- Tangible fixed assets -€294
down €294 (-50.5%), from €583 to €289
of which Furniture and vehicles: -€240
- Profit (loss) carried forward -€14,244
down €14,244 (-42.8%), from -€33,243 to -€47,487
- Other debts +€7,843
up €7,843 (+16.3%), from €48,109 to €55,952
- Trade debts -€2,603
down €2,603 (-48.7%), from €5,345 to €2,742
- Other operating charges +€371
up €371 (+23.4%), from €1,585 to €1,956
- Gross operating margin -€201
down €201 (-1.8%), from -€11,483 to -€11,684
- Financial charges +€197
up €197 (+149%), from €133 to €330
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 | €24,667 | €15,846 | -€8,821 | -35.8% |
| Fixed assets | 21/28 | €583 | €289 | -€294 | -50.5% |
| Tangible fixed assets | 22/27 | €583 | €289 | -€294 | -50.5% |
| Plant, machinery and equipment | 23 | €54 | - | -€54 | |
| Furniture and vehicles | 24 | €529 | €289 | -€240 | -45.4% |
| Current assets | 29/58 | €24,083 | €15,557 | -€8,527 | -35.4% |
| Stocks and contracts in progress | 3 | €19,882 | €11,403 | -€8,479 | -42.6% |
| Stocks | 30/36 | €19,882 | €11,403 | -€8,479 | -42.6% |
| Amounts receivable within one year | 40/41 | €2,036 | €3,487 | +€1,451 | +71.2% |
| Trade receivables | 40 | €1,250 | €2,076 | +€826 | +66.0% |
| Other amounts receivable | 41 | €786 | €1,411 | +€625 | +79.5% |
| Cash at bank and in hand | 54/58 | €2,064 | €637 | -€1,427 | -69.1% |
| Deferred charges and accrued income | 490/1 | €101 | €30 | -€70 | -70.1% |
| Total equity and liabilities | 10/49 | €24,667 | €15,846 | -€8,821 | -35.8% |
| Equity | 10/15 | -€29,943 | -€44,187 | -€14,244 | -47.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,243 | -€47,487 | -€14,244 | -42.8% |
| Amounts payable | 17/49 | €54,610 | €60,033 | +€5,423 | +9.9% |
| Amounts payable within one year | 42/48 | €54,610 | €60,033 | +€5,423 | +9.9% |
| Trade debts | 44 | €5,345 | €2,742 | -€2,603 | -48.7% |
| Suppliers | 440/4 | €5,345 | €2,742 | -€2,603 | -48.7% |
| Taxes, remuneration and social security | 45 | €1,156 | €1,339 | +€183 | +15.8% |
| Taxes | 450/3 | €1,156 | €1,339 | +€183 | +15.8% |
| Other amounts payable | 47/48 | €48,109 | €55,952 | +€7,843 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €294 | +€1 | +0.4% |
| Other operating charges | 640/8 | €1,585 | €1,956 | +€371 | +23.4% |
| Gross operating margin | 9900 | -€11,483 | -€11,684 | -€201 | -1.8% |
| Operating profit (loss) | 9901 | -€13,362 | -€13,935 | -€573 | -4.3% |
| Financial income | 75/76B | €1 | €22 | +€20 | +1,414% |
| Recurring financial income | 75 | €1 | €22 | +€20 | +1,414% |
| Financial charges | 65/66B | €133 | €330 | +€197 | +149% |
| Recurring financial charges | 65 | €133 | €330 | +€197 | +149% |
| Profit (loss) for the period before taxes | 9903 | -€13,493 | -€14,244 | -€751 | -5.6% |
| Profit (loss) for the period | 9904 | -€13,493 | -€14,244 | -€751 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,493 | -€14,244 | -€751 | -5.6% |
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 26 October 2026 via checked.be.