TRAINING PLUS: 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.
TRAINING PLUS
Largest movements
- Intangible fixed assets -€12,000
down €12,000 (-49.1%), from €24,460 to €12,460
- Cash -€4,633
down €4,633 (-31.8%), from €14,572 to €9,940
mainly Debts after one year (-€12,687) and Other debts (-€7,981)
- Deferred charges and accrued income -€4,393
down €4,393 (-37.6%), from €11,682 to €7,289
- Tangible fixed assets -€2,236
down €2,236 (-34.3%), from €6,527 to €4,290
of which Furniture and vehicles: -€2,131
- Debts after one year -€12,687
down €12,687 (-79.7%), from €15,923 to €3,236
- Other debts -€7,981
no longer reported in 2025 (was €7,981)
- Accrued charges and deferred income -€5,831
down €5,831 (-48.2%), from €12,109 to €6,278
- Profit (loss) carried forward +€4,771
up €4,771 (+96.8%), from -€4,927 to -€157
- Tax, wage and social debts +€3,441
up €3,441 (+96.8%), from €3,553 to €6,994
of which Taxes: +€3,441
- Depreciation -€10,627
down €10,627 (-42.1%), from €25,260 to €14,633
- Gross operating margin +€6,021
up €6,021 (+31.9%), from €18,864 to €24,885
- Taxes +€1,325
up €1,325 (+404%), from €328 to €1,652
- Financial charges -€515
down €515 (-18.2%), from €2,835 to €2,321
- Other operating charges +€447
up €447 (+41.5%), from €1,076 to €1,523
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 | €61,174 | €37,534 | -€23,640 | -38.6% |
| Fixed assets | 21/28 | €31,034 | €16,798 | -€14,236 | -45.9% |
| Intangible fixed assets | 21 | €24,460 | €12,460 | -€12,000 | -49.1% |
| Tangible fixed assets | 22/27 | €6,527 | €4,290 | -€2,236 | -34.3% |
| Plant, machinery and equipment | 23 | €490 | €385 | -€105 | -21.5% |
| Furniture and vehicles | 24 | €6,037 | €3,905 | -€2,131 | -35.3% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €30,140 | €20,737 | -€9,403 | -31.2% |
| Amounts receivable within one year | 40/41 | €3,886 | €3,508 | -€378 | -9.7% |
| Trade receivables | 40 | €3,868 | €3,363 | -€505 | -13.0% |
| Other amounts receivable | 41 | €18 | €145 | +€127 | +688% |
| Cash at bank and in hand | 54/58 | €14,572 | €9,940 | -€4,633 | -31.8% |
| Deferred charges and accrued income | 490/1 | €11,682 | €7,289 | -€4,393 | -37.6% |
| Total equity and liabilities | 10/49 | €61,174 | €37,534 | -€23,640 | -38.6% |
| Equity | 10/15 | -€1,927 | €2,843 | +€4,771 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,927 | -€157 | +€4,771 | +96.8% |
| Amounts payable | 17/49 | €63,102 | €34,691 | -€28,410 | -45.0% |
| Amounts payable after more than one year | 17 | €15,923 | €3,236 | -€12,687 | -79.7% |
| Financial debts | 170/4 | €15,923 | €3,236 | -€12,687 | -79.7% |
| Amounts payable within one year | 42/48 | €35,070 | €25,177 | -€9,893 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €15,157 | €12,687 | -€2,470 | -16.3% |
| Trade debts | 44 | €8,379 | €5,496 | -€2,883 | -34.4% |
| Suppliers | 440/4 | €8,379 | €5,496 | -€2,883 | -34.4% |
| Taxes, remuneration and social security | 45 | €3,553 | €6,994 | +€3,441 | +96.8% |
| Taxes | 450/3 | €3,393 | €6,834 | +€3,441 | +101% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €7,981 | - | -€7,981 | |
| Accrued charges and deferred income | 492/3 | €12,109 | €6,278 | -€5,831 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,260 | €14,633 | -€10,627 | -42.1% |
| Other operating charges | 640/8 | €1,076 | €1,523 | +€447 | +41.5% |
| Gross operating margin | 9900 | €18,864 | €24,885 | +€6,021 | +31.9% |
| Operating profit (loss) | 9901 | -€7,472 | €8,730 | +€16,201 | |
| Financial income | 75/76B | €0 | €14 | +€14 | +3,086% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +3,086% |
| Financial charges | 65/66B | €2,835 | €2,321 | -€515 | -18.2% |
| Recurring financial charges | 65 | €2,835 | €2,321 | -€515 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,307 | €6,423 | +€16,730 | |
| Income taxes | 67/77 | €328 | €1,652 | +€1,325 | +404% |
| Profit (loss) for the period | 9904 | -€10,634 | €4,771 | +€15,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,634 | €4,771 | +€15,405 |
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 14 October 2026 via checked.be.