TOP TEN EVOLUTION: 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 TEN EVOLUTION
Largest movements
- Tangible fixed assets -€7,737
down €7,737 (-14.3%), from €54,024 to €46,286
of which Plant, machinery and equipment: -€5,056
- Cash +€7,592
up €7,592 (+16.8%), from €45,197 to €52,789
mainly Depreciation (+€9,638) and Net result for the year (+€4,390)
- Receivables within one year -€2,505
down €2,505 (-66.7%), from €3,755 to €1,249
of which Trade receivables: -€3,750
- Accrued charges and deferred income -€5,489
down €5,489 (-92.9%), from €5,909 to €420
- Profit (loss) carried forward +€4,390
up €4,390 (+11.1%), from €39,640 to €44,030
- Tax, wage and social debts -€2,965
down €2,965 (-97.7%), from €3,034 to €69
- Other debts +€1,688
up €1,688 (+3.5%), from €47,665 to €49,353
- Gross operating margin -€14,583
down €14,583 (-47.4%), from €30,788 to €16,205
- Taxes -€1,232
down €1,232 (-40.6%), from €3,034 to €1,802
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 | €104,227 | €101,639 | -€2,588 | -2.5% |
| Formation expenses | 20 | €467 | €255 | -€213 | -45.5% |
| Fixed assets | 21/28 | €54,049 | €46,311 | -€7,737 | -14.3% |
| Tangible fixed assets | 22/27 | €54,024 | €46,286 | -€7,737 | -14.3% |
| Plant, machinery and equipment | 23 | €36,885 | €31,829 | -€5,056 | -13.7% |
| Furniture and vehicles | 24 | €17,138 | €14,457 | -€2,681 | -15.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €49,712 | €55,074 | +€5,362 | +10.8% |
| Amounts receivable within one year | 40/41 | €3,755 | €1,249 | -€2,505 | -66.7% |
| Trade receivables | 40 | €3,750 | - | -€3,750 | |
| Other amounts receivable | 41 | €5 | €1,249 | +€1,245 | +26881.9% |
| Cash at bank and in hand | 54/58 | €45,197 | €52,789 | +€7,592 | +16.8% |
| Deferred charges and accrued income | 490/1 | €760 | €1,036 | +€276 | +36.3% |
| Total equity and liabilities | 10/49 | €104,227 | €101,639 | -€2,588 | -2.5% |
| Equity | 10/15 | €47,408 | €51,798 | +€4,390 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,568 | €1,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,568 | €1,568 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,568 | €1,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,640 | €44,030 | +€4,390 | +11.1% |
| Amounts payable | 17/49 | €56,819 | €49,842 | -€6,978 | -12.3% |
| Amounts payable within one year | 42/48 | €50,910 | €49,421 | -€1,489 | -2.9% |
| Trade debts | 44 | €212 | - | -€212 | |
| Suppliers | 440/4 | €212 | - | -€212 | |
| Taxes, remuneration and social security | 45 | €3,034 | €69 | -€2,965 | -97.7% |
| Taxes | 450/3 | €3,034 | €69 | -€2,965 | -97.7% |
| Other amounts payable | 47/48 | €47,665 | €49,353 | +€1,688 | +3.5% |
| Accrued charges and deferred income | 492/3 | €5,909 | €420 | -€5,489 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,597 | €9,638 | +€40 | +0.4% |
| Other operating charges | 640/8 | €3 | €130 | +€127 | +4172.4% |
| Gross operating margin | 9900 | €30,788 | €16,205 | -€14,583 | -47.4% |
| Operating profit (loss) | 9901 | €21,187 | €6,437 | -€14,750 | -69.6% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €44 | €256 | +€212 | +485.6% |
| Recurring financial charges | 65 | €44 | €256 | +€212 | +485.6% |
| Profit (loss) for the period before taxes | 9903 | €21,144 | €6,192 | -€14,952 | -70.7% |
| Income taxes | 67/77 | €3,034 | €1,802 | -€1,232 | -40.6% |
| Profit (loss) for the period | 9904 | €18,110 | €4,390 | -€13,720 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,110 | €4,390 | -€13,720 | -75.8% |
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 4 October 2026 via checked.be.