U7: 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.
U7
Largest movements
- Tangible fixed assets -€24,064
no longer reported in 2025 (was €24,064)
of which Plant, machinery and equipment: -€16,864
- Receivables within one year -€19,556
down €19,556 (-90.1%), from €21,693 to €2,137
of which Other amounts receivable: -€19,555
- Cash -€4,443
down €4,443 (-67.1%), from €6,623 to €2,180
mainly Other debts (-€82,061) and Tax, wage and social debts (-€23,291)
- Stocks and contracts -€3,245
no longer reported in 2025 (was €3,245)
- Other debts -€82,061
down €82,061 (-97.8%), from €83,928 to €1,867
- Profit (loss) carried forward +€74,362
up €74,362 (+70.6%), from -€105,312 to -€30,950
- Tax, wage and social debts -€23,291
down €23,291 (-86.8%), from €26,843 to €3,552
of which Remuneration and social security: -€15,719
- Trade debts -€19,894
down €19,894 (-68.3%), from €29,123 to €9,230
- Current portion of long-term debt -€2,784
no longer reported in 2025 (was €2,784)
- Staff costs -€53,588
down €53,588 (-76.5%), from €70,005 to €16,417
- Gross operating margin -€16,747
down €16,747 (-15.2%), from €109,967 to €93,220
- Depreciation -€12,094
no longer reported in 2025 (was €12,094)
- Other operating charges -€3,899
down €3,899 (-72.9%), from €5,345 to €1,446
- Financial charges -€2,251
down €2,251 (-69.4%), from €3,246 to €995
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 | €55,967 | €4,317 | -€51,650 | -92.3% |
| Fixed assets | 21/28 | €24,405 | - | -€24,405 | |
| Tangible fixed assets | 22/27 | €24,064 | - | -€24,064 | |
| Plant, machinery and equipment | 23 | €16,864 | - | -€16,864 | |
| Other tangible fixed assets | 26 | €7,200 | - | -€7,200 | |
| Financial fixed assets | 28 | €342 | - | -€342 | |
| Current assets | 29/58 | €31,562 | €4,317 | -€27,245 | -86.3% |
| Stocks and contracts in progress | 3 | €3,245 | - | -€3,245 | |
| Stocks | 30/36 | €3,245 | - | -€3,245 | |
| Amounts receivable within one year | 40/41 | €21,693 | €2,137 | -€19,556 | -90.1% |
| Trade receivables | 40 | €132 | €131 | -€1 | -1.0% |
| Other amounts receivable | 41 | €21,561 | €2,006 | -€19,555 | -90.7% |
| Cash at bank and in hand | 54/58 | €6,623 | €2,180 | -€4,443 | -67.1% |
| Total equity and liabilities | 10/49 | €55,967 | €4,317 | -€51,650 | -92.3% |
| Equity | 10/15 | -€86,712 | -€12,350 | +€74,362 | +85.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,312 | -€30,950 | +€74,362 | +70.6% |
| Amounts payable | 17/49 | €142,679 | €16,667 | -€126,012 | -88.3% |
| Amounts payable within one year | 42/48 | €142,679 | €14,649 | -€128,029 | -89.7% |
| Current portion of amounts payable after more than one year | 42 | €2,784 | - | -€2,784 | |
| Trade debts | 44 | €29,123 | €9,230 | -€19,894 | -68.3% |
| Suppliers | 440/4 | €29,123 | €9,230 | -€19,894 | -68.3% |
| Taxes, remuneration and social security | 45 | €26,843 | €3,552 | -€23,291 | -86.8% |
| Taxes | 450/3 | €7,572 | - | -€7,572 | |
| Remuneration and social security | 454/9 | €19,271 | €3,552 | -€15,719 | -81.6% |
| Other amounts payable | 47/48 | €83,928 | €1,867 | -€82,061 | -97.8% |
| Accrued charges and deferred income | 492/3 | - | €2,017 | +€2,017 | |
| Non-recurring operating income | 76A | - | €75,936 | +€75,936 | |
| Remuneration, social security and pensions | 62 | €70,005 | €16,417 | -€53,588 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,094 | - | -€12,094 | |
| Other operating charges | 640/8 | €5,345 | €1,446 | -€3,899 | -72.9% |
| Gross operating margin | 9900 | €109,967 | €93,220 | -€16,747 | -15.2% |
| Operating profit (loss) | 9901 | €22,523 | €75,357 | +€52,833 | +235% |
| Financial income | 75/76B | €971 | - | -€971 | |
| Recurring financial income | 75 | €971 | - | -€971 | |
| Financial charges | 65/66B | €3,246 | €995 | -€2,251 | -69.4% |
| Recurring financial charges | 65 | €3,246 | €995 | -€2,251 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €20,248 | €74,362 | +€54,114 | +267% |
| Profit (loss) for the period | 9904 | €20,248 | €74,362 | +€54,114 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €20,248 | €74,362 | +€54,114 | +267% |
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 16 October 2026 via checked.be.