Transversal: 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.
Transversal
Largest movements
- Tangible fixed assets -€15,532
down €15,532 (-10.7%), from €144,569 to €129,037
of which Land and buildings: -€11,407
- Receivables within one year -€3,672
down €3,672 (-12.5%), from €29,401 to €25,729
of which Trade receivables: -€2,950
- Stocks and contracts -€3,256
down €3,256 (-68.9%), from €4,726 to €1,470
- Trade debts -€28,023
down €28,023 (-90.7%), from €30,887 to €2,863
- Other debts +€15,563
up €15,563 (+114.5%), from €13,596 to €29,159
- Debts after one year -€11,100
down €11,100 (-12.4%), from €89,518 to €78,418
- Gross operating margin -€2,728
down €2,728 (-10.9%), from €24,959 to €22,231
- Taxes +€1,818
up €1,818 (+234.4%), from €776 to €2,594
- Depreciation -€953
down €953 (-5.8%), from €16,485 to €15,532
- Financial charges -€573
down €573 (-14.0%), from €4,080 to €3,507
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 | €183,915 | €160,799 | -€23,116 | -12.6% |
| Fixed assets | 21/28 | €144,569 | €129,037 | -€15,532 | -10.7% |
| Tangible fixed assets | 22/27 | €144,569 | €129,037 | -€15,532 | -10.7% |
| Land and buildings | 22 | €138,412 | €127,005 | -€11,407 | -8.2% |
| Plant, machinery and equipment | 23 | €986 | €654 | -€333 | -33.7% |
| Furniture and vehicles | 24 | €5,170 | €1,378 | -€3,792 | -73.3% |
| Current assets | 29/58 | €39,347 | €31,762 | -€7,584 | -19.3% |
| Stocks and contracts in progress | 3 | €4,726 | €1,470 | -€3,256 | -68.9% |
| Stocks | 30/36 | €4,726 | €1,470 | -€3,256 | -68.9% |
| Amounts receivable within one year | 40/41 | €29,401 | €25,729 | -€3,672 | -12.5% |
| Trade receivables | 40 | €3,101 | €151 | -€2,950 | -95.1% |
| Other amounts receivable | 41 | €26,300 | €25,578 | -€722 | -2.7% |
| Cash at bank and in hand | 54/58 | €4,632 | €4,121 | -€511 | -11.0% |
| Deferred charges and accrued income | 490/1 | €588 | €443 | -€145 | -24.6% |
| Total equity and liabilities | 10/49 | €183,915 | €160,799 | -€23,116 | -12.6% |
| Equity | 10/15 | €34,440 | €35,038 | +€598 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,910 | €33,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,050 | €32,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,870 | -€11,272 | +€598 | +5.0% |
| Amounts payable | 17/49 | €149,475 | €125,761 | -€23,714 | -15.9% |
| Amounts payable after more than one year | 17 | €89,518 | €78,418 | -€11,100 | -12.4% |
| Financial debts | 170/4 | €89,518 | €78,418 | -€11,100 | -12.4% |
| Amounts payable within one year | 42/48 | €59,958 | €47,344 | -€12,614 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €11,100 | €11,100 | +€0 | 0.0% |
| Trade debts | 44 | €30,887 | €2,863 | -€28,023 | -90.7% |
| Suppliers | 440/4 | €30,887 | €2,863 | -€28,023 | -90.7% |
| Taxes, remuneration and social security | 45 | €4,375 | €4,222 | -€154 | -3.5% |
| Taxes | 450/3 | €4,375 | €4,222 | -€154 | -3.5% |
| Other amounts payable | 47/48 | €13,596 | €29,159 | +€15,563 | +114.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,485 | €15,532 | -€953 | -5.8% |
| Other operating charges | 640/8 | €0 | - | -€0 | |
| Gross operating margin | 9900 | €24,959 | €22,231 | -€2,728 | -10.9% |
| Operating profit (loss) | 9901 | €8,474 | €6,700 | -€1,774 | -20.9% |
| Financial charges | 65/66B | €4,080 | €3,507 | -€573 | -14.0% |
| Recurring financial charges | 65 | €4,080 | €3,507 | -€573 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €4,394 | €3,192 | -€1,201 | -27.3% |
| Income taxes | 67/77 | €776 | €2,594 | +€1,818 | +234.4% |
| Profit (loss) for the period | 9904 | €3,618 | €598 | -€3,020 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,618 | €598 | -€3,020 | -83.5% |
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 5 October 2026 via checked.be.