TRACE IT: 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.
TRACE IT
Largest movements
- Cash -€31,433
down €31,433 (-69.4%), from €45,318 to €13,885
mainly Net result for the year (-€36,820) and Other debts (-€33,207)
- Tangible fixed assets -€10,320
down €10,320 (-2.9%), from €361,179 to €350,858
of which Land and buildings: -€9,647
- Debts after one year +€62,917
up €62,917 (+34.9%), from €180,242 to €243,159
- Profit (loss) carried forward -€36,820
down €36,820 (-60.7%), from €60,705 to €23,885
- Other debts -€33,207
down €33,207 (-71.9%), from €46,200 to €12,993
- Tax, wage and social debts -€16,811
down €16,811 (-41.6%), from €40,435 to €23,624
of which Taxes: -€16,402
- Trade debts -€16,800
down €16,800 (-53.1%), from €31,666 to €14,865
- Gross operating margin -€51,721
down €51,721 (-32.3%), from €160,083 to €108,362
- Taxes -€3,081
down €3,081 (-89.3%), from €3,452 to €371
- Staff costs -€2,139
down €2,139 (-1.8%), from €121,759 to €119,620
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 | €414,252 | €376,057 | -€38,194 | -9.2% |
| Fixed assets | 21/28 | €361,179 | €350,858 | -€10,320 | -2.9% |
| Tangible fixed assets | 22/27 | €361,179 | €350,858 | -€10,320 | -2.9% |
| Land and buildings | 22 | €358,957 | €349,310 | -€9,647 | -2.7% |
| Plant, machinery and equipment | 23 | €127 | €0 | -€127 | -100.0% |
| Furniture and vehicles | 24 | €2,095 | €1,549 | -€547 | -26.1% |
| Current assets | 29/58 | €53,073 | €25,199 | -€27,874 | -52.5% |
| Amounts receivable within one year | 40/41 | €3,548 | €7,563 | +€4,015 | +113.2% |
| Trade receivables | 40 | €0 | €4,015 | +€4,015 | |
| Other amounts receivable | 41 | €3,548 | €3,548 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,318 | €13,885 | -€31,433 | -69.4% |
| Deferred charges and accrued income | 490/1 | €4,207 | €3,750 | -€456 | -10.8% |
| Total equity and liabilities | 10/49 | €414,252 | €376,057 | -€38,194 | -9.2% |
| Equity | 10/15 | €81,157 | €44,336 | -€36,820 | -45.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,705 | €23,885 | -€36,820 | -60.7% |
| Amounts payable | 17/49 | €333,095 | €331,721 | -€1,374 | -0.4% |
| Amounts payable after more than one year | 17 | €180,242 | €243,159 | +€62,917 | +34.9% |
| Financial debts | 170/4 | €180,242 | €243,159 | +€62,917 | +34.9% |
| Amounts payable within one year | 42/48 | €152,853 | €88,562 | -€64,291 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €26,367 | €37,080 | +€10,713 | +40.6% |
| Trade debts | 44 | €31,666 | €14,865 | -€16,800 | -53.1% |
| Suppliers | 440/4 | €31,666 | €14,865 | -€16,800 | -53.1% |
| Advances received on contracts in progress | 46 | €8,185 | €0 | -€8,185 | -100.0% |
| Taxes, remuneration and social security | 45 | €40,435 | €23,624 | -€16,811 | -41.6% |
| Taxes | 450/3 | €20,975 | €4,573 | -€16,402 | -78.2% |
| Remuneration and social security | 454/9 | €19,460 | €19,051 | -€409 | -2.1% |
| Other amounts payable | 47/48 | €46,200 | €12,993 | -€33,207 | -71.9% |
| Remuneration, social security and pensions | 62 | €121,759 | €119,620 | -€2,139 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,310 | €11,973 | -€337 | -2.7% |
| Other operating charges | 640/8 | €5,268 | €5,184 | -€84 | -1.6% |
| Gross operating margin | 9900 | €160,083 | €108,362 | -€51,721 | -32.3% |
| Operating profit (loss) | 9901 | €20,747 | -€28,415 | -€49,162 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +318.7% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +318.7% |
| Financial charges | 65/66B | €6,641 | €8,037 | +€1,396 | +21.0% |
| Recurring financial charges | 65 | €6,641 | €8,037 | +€1,396 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €14,106 | -€36,449 | -€50,555 | |
| Income taxes | 67/77 | €3,452 | €371 | -€3,081 | -89.3% |
| Profit (loss) for the period | 9904 | €10,654 | -€36,820 | -€47,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,654 | -€36,820 | -€47,475 |
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 11 October 2026 via checked.be.