TWO GET THERE: 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.
TWO GET THERE
Largest movements
- Receivables within one year +€3,855
up €3,855 (+11.1%), from €34,745 to €38,600
of which Other amounts receivable: +€3,855
- Tangible fixed assets -€1,291
down €1,291 (-4.2%), from €30,991 to €29,700
of which Plant, machinery and equipment: -€1,291
- Trade debts -€6,693
down €6,693 (-87.4%), from €7,661 to €968
- Short-term financial debts +€6,635
up €6,635 (+40.0%), from €16,577 to €23,212
- Reserves +€5,818
up €5,818 (+37.7%), from €15,448 to €21,266
- Tax, wage and social debts -€1,475
down €1,475 (-45.4%), from €3,250 to €1,775
- Accrued charges and deferred income -€726
down €726 (-31.5%), from €2,300 to €1,574
- Gross operating margin -€10,187
down €10,187 (-27.1%), from €37,588 to €27,401
- Taxes -€5,580
down €5,580 (-39.4%), from €14,167 to €8,588
- Financial charges -€665
down €665 (-6.0%), from €11,106 to €10,442
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,356 | €69,300 | +€2,944 | +4.4% |
| Fixed assets | 21/28 | €30,991 | €29,700 | -€1,291 | -4.2% |
| Tangible fixed assets | 22/27 | €30,991 | €29,700 | -€1,291 | -4.2% |
| Plant, machinery and equipment | 23 | €1,566 | €275 | -€1,291 | -82.4% |
| Other tangible fixed assets | 26 | €29,425 | €29,425 | = | 0.0% |
| Current assets | 29/58 | €35,365 | €39,600 | +€4,235 | +12.0% |
| Amounts receivable within one year | 40/41 | €34,745 | €38,600 | +€3,855 | +11.1% |
| Trade receivables | 40 | €1,210 | €1,210 | = | 0.0% |
| Other amounts receivable | 41 | €33,535 | €37,390 | +€3,855 | +11.5% |
| Deferred charges and accrued income | 490/1 | €620 | €1,000 | +€380 | +61.4% |
| Total equity and liabilities | 10/49 | €66,356 | €69,300 | +€2,944 | +4.4% |
| Equity | 10/15 | €34,048 | €39,866 | +€5,818 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,448 | €21,266 | +€5,818 | +37.7% |
| Distributable reserves | 133 | €15,448 | €21,266 | +€5,818 | +37.7% |
| Amounts payable | 17/49 | €32,308 | €29,434 | -€2,874 | -8.9% |
| Amounts payable within one year | 42/48 | €30,008 | €27,860 | -€2,148 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €2,520 | €1,904 | -€615 | -24.4% |
| Financial debts | 43 | €16,577 | €23,212 | +€6,635 | +40.0% |
| Credit institutions | 430/8 | €16,577 | €23,212 | +€6,635 | +40.0% |
| Trade debts | 44 | €7,661 | €968 | -€6,693 | -87.4% |
| Suppliers | 440/4 | €7,661 | €968 | -€6,693 | -87.4% |
| Taxes, remuneration and social security | 45 | €3,250 | €1,775 | -€1,475 | -45.4% |
| Taxes | 450/3 | €3,250 | €1,775 | -€1,475 | -45.4% |
| Accrued charges and deferred income | 492/3 | €2,300 | €1,574 | -€726 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,396 | €1,291 | -€105 | -7.6% |
| Other operating charges | 640/8 | €1,300 | €1,283 | -€16 | -1.3% |
| Gross operating margin | 9900 | €37,588 | €27,401 | -€10,187 | -27.1% |
| Operating profit (loss) | 9901 | €34,892 | €24,827 | -€10,065 | -28.8% |
| Financial income | 75/76B | €128 | €20 | -€108 | -84.3% |
| Recurring financial income | 75 | €128 | €20 | -€108 | -84.3% |
| Financial charges | 65/66B | €11,106 | €10,442 | -€665 | -6.0% |
| Recurring financial charges | 65 | €11,106 | €10,442 | -€665 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €23,914 | €14,406 | -€9,508 | -39.8% |
| Income taxes | 67/77 | €14,167 | €8,588 | -€5,580 | -39.4% |
| Profit (loss) for the period | 9904 | €9,746 | €5,818 | -€3,928 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,746 | €5,818 | -€3,928 | -40.3% |
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.