TOP: 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.
TOP
Largest movements
- Receivables within one year -€32,645
down €32,645 (-22.4%), from €145,552 to €112,907
of which Trade receivables: -€21,626
- Profit (loss) carried forward -€39,366
down €39,366 (-81.7%), from -€48,209 to -€87,576
- Debts within one year +€11,242
up €11,242 (+6.0%), from €188,914 to €200,156
- Accrued charges and deferred income -€4,837
down €4,837 (-76.8%), from €6,299 to €1,462
- Turnover -€49,288
down €49,288 (-34.2%), from €143,957 to €94,668
- Gross operating margin -€46,515
down €46,515, from €11,101 to -€35,414
- Purchases and services -€2,774
down €2,774 (-2.1%), from €132,856 to €130,082
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 | €147,004 | €114,042 | -€32,961 | -22.4% |
| Fixed assets | 21/28 | €6 | - | -€6 | |
| Tangible fixed assets | 22/27 | €6 | - | -€6 | |
| Land and buildings | 22 | €6 | - | -€6 | |
| Current assets | 29/58 | €146,998 | €114,042 | -€32,956 | -22.4% |
| Amounts receivable within one year | 40/41 | €145,552 | €112,907 | -€32,645 | -22.4% |
| Trade receivables | 40 | €49,227 | €27,601 | -€21,626 | -43.9% |
| Other amounts receivable | 41 | €96,324 | €85,305 | -€11,019 | -11.4% |
| Cash at bank and in hand | 54/58 | €1,446 | €1,135 | -€311 | -21.5% |
| Total equity and liabilities | 10/49 | €147,004 | €114,042 | -€32,961 | -22.4% |
| Equity | 10/15 | -€48,209 | -€87,576 | -€39,366 | -81.7% |
| Profit (loss) carried forward | 14 | -€48,209 | -€87,576 | -€39,366 | -81.7% |
| Amounts payable | 17/49 | €195,213 | €201,618 | +€6,405 | +3.3% |
| Amounts payable within one year | 42/48 | €188,914 | €200,156 | +€11,242 | +6.0% |
| Trade debts | 44 | €171,214 | €170,656 | -€558 | -0.3% |
| Suppliers | 440/4 | €171,214 | €170,656 | -€558 | -0.3% |
| Accrued charges and deferred income | 492/3 | €6,299 | €1,462 | -€4,837 | -76.8% |
| Turnover | 70 | €143,957 | €94,668 | -€49,288 | -34.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,856 | €130,082 | -€2,774 | -2.1% |
| Remuneration, social security and pensions | 62 | €3,099 | €3,060 | -€39 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32 | €6 | -€26 | -81.7% |
| Other operating charges | 640/8 | €606 | €609 | +€3 | +0.5% |
| Gross operating margin | 9900 | €11,101 | -€35,414 | -€46,515 | |
| Operating profit (loss) | 9901 | €7,364 | -€39,089 | -€46,453 | |
| Financial charges | 65/66B | €592 | €277 | -€314 | -53.1% |
| Recurring financial charges | 65 | €592 | €277 | -€314 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €6,772 | -€39,366 | -€46,138 | |
| Profit (loss) for the period | 9904 | €6,772 | -€39,366 | -€46,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,772 | -€39,366 | -€46,138 |
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.