TRENDS: 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.
TRENDS
Largest movements
- Cash -€12,157
down €12,157 (-43.6%), from €27,879 to €15,723
mainly Net result for the year (-€13,792) and Debts after one year (-€6,611)
- Tangible fixed assets -€8,094
down €8,094 (-23.3%), from €34,725 to €26,631
of which Furniture and vehicles: -€7,666
- Profit (loss) carried forward -€13,792
down €13,792 (-22.9%), from -€60,336 to -€74,128
- Debts after one year -€6,611
down €6,611 (-100.0%), from €6,611 to €0
- Trade debts +€719
up €719 (+351.5%), from €205 to €924
- Depreciation -€14,445
down €14,445 (-64.1%), from €22,539 to €8,094
- Gross operating margin -€5,028
down €5,028, from €3,894 to -€1,134
- Other operating charges -€209
down €209 (-5.8%), from €3,569 to €3,360
- Financial charges -€89
down €89 (-22.6%), from €393 to €304
- Taxes -€67
down €67 (-6.9%), from €966 to €900
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 | €62,638 | €42,454 | -€20,184 | -32.2% |
| Fixed assets | 21/28 | €34,725 | €26,631 | -€8,094 | -23.3% |
| Tangible fixed assets | 22/27 | €34,725 | €26,631 | -€8,094 | -23.3% |
| Land and buildings | 22 | €19,810 | €19,810 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,283 | €855 | -€428 | -33.3% |
| Furniture and vehicles | 24 | €13,631 | €5,965 | -€7,666 | -56.2% |
| Current assets | 29/58 | €27,913 | €15,823 | -€12,090 | -43.3% |
| Amounts receivable within one year | 40/41 | €34 | €100 | +€67 | +198.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €34 | €100 | +€67 | +198.8% |
| Cash at bank and in hand | 54/58 | €27,879 | €15,723 | -€12,157 | -43.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €62,638 | €42,454 | -€20,184 | -32.2% |
| Equity | 10/15 | -€30,913 | -€44,705 | -€13,792 | -44.6% |
| Contributions | 10/11 | €16,658 | €16,658 | = | 0.0% |
| Reserves | 13 | €12,766 | €12,766 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,762 | €4,762 | = | 0.0% |
| Distributable reserves | 133 | €8,004 | €8,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,336 | -€74,128 | -€13,792 | -22.9% |
| Amounts payable | 17/49 | €93,550 | €87,158 | -€6,392 | -6.8% |
| Amounts payable after more than one year | 17 | €6,611 | €0 | -€6,611 | -100.0% |
| Financial debts | 170/4 | €6,611 | €0 | -€6,611 | -100.0% |
| Amounts payable within one year | 42/48 | €86,939 | €87,158 | +€219 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €7,111 | €6,611 | -€500 | -7.0% |
| Trade debts | 44 | €205 | €924 | +€719 | +351.5% |
| Suppliers | 440/4 | €205 | €924 | +€719 | +351.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €79,624 | €79,624 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,539 | €8,094 | -€14,445 | -64.1% |
| Other operating charges | 640/8 | €3,569 | €3,360 | -€209 | -5.8% |
| Gross operating margin | 9900 | €3,894 | -€1,134 | -€5,028 | |
| Operating profit (loss) | 9901 | -€22,213 | -€12,588 | +€9,626 | +43.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €393 | €304 | -€89 | -22.6% |
| Recurring financial charges | 65 | €393 | €304 | -€89 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,607 | -€12,892 | +€9,714 | +43.0% |
| Income taxes | 67/77 | €966 | €900 | -€67 | -6.9% |
| Profit (loss) for the period | 9904 | -€23,573 | -€13,792 | +€9,781 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,573 | -€13,792 | +€9,781 | +41.5% |
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.