Un premier pas: 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.
Un premier pas
Largest movements
- Intangible fixed assets -€5,000
down €5,000 (-12.3%), from €40,630 to €35,630
- Receivables within one year +€1,115
up €1,115 (+190.6%), from €585 to €1,700
- Cash -€550
down €550 (-18.8%), from €2,925 to €2,375
mainly Debts after one year (-€4,925) and Other debts (-€2,674)
- Debts after one year -€4,925
down €4,925 (-21.7%), from €22,737 to €17,812
- Other debts -€2,674
down €2,674 (-19.9%), from €13,470 to €10,796
- Trade debts +€1,483
up €1,483 (+1325.4%), from €112 to €1,595
- Tax, wage and social debts +€1,378
up €1,378 (+149.0%), from €925 to €2,304
- Depreciation -€999
down €999 (-16.0%), from €6,227 to €5,229
- Gross operating margin -€566
down €566 (-5.7%), from €9,940 to €9,374
- Other operating charges -€200
down €200 (-32.1%), from €625 to €424
- Taxes +€100
up €100 (+11.9%), from €844 to €945
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 | €44,661 | €39,977 | -€4,683 | -10.5% |
| Formation expenses | 20 | €229 | €0 | -€229 | -100.0% |
| Fixed assets | 21/28 | €40,630 | €35,630 | -€5,000 | -12.3% |
| Intangible fixed assets | 21 | €40,630 | €35,630 | -€5,000 | -12.3% |
| Current assets | 29/58 | €3,802 | €4,347 | +€545 | +14.3% |
| Amounts receivable within one year | 40/41 | €585 | €1,700 | +€1,115 | +190.6% |
| Trade receivables | 40 | €585 | €1,700 | +€1,115 | +190.6% |
| Cash at bank and in hand | 54/58 | €2,925 | €2,375 | -€550 | -18.8% |
| Deferred charges and accrued income | 490/1 | €292 | €272 | -€20 | -6.7% |
| Total equity and liabilities | 10/49 | €44,661 | €39,977 | -€4,683 | -10.5% |
| Equity | 10/15 | €2,654 | €2,546 | -€107 | -4.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,346 | -€2,454 | -€107 | -4.6% |
| Amounts payable | 17/49 | €42,007 | €37,431 | -€4,576 | -10.9% |
| Amounts payable after more than one year | 17 | €22,737 | €17,812 | -€4,925 | -21.7% |
| Financial debts | 170/4 | €22,737 | €17,812 | -€4,925 | -21.7% |
| Amounts payable within one year | 42/48 | €19,252 | €19,619 | +€368 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,745 | €4,925 | +€181 | +3.8% |
| Trade debts | 44 | €112 | €1,595 | +€1,483 | +1325.4% |
| Suppliers | 440/4 | €112 | €1,595 | +€1,483 | +1325.4% |
| Taxes, remuneration and social security | 45 | €925 | €2,304 | +€1,378 | +149.0% |
| Taxes | 450/3 | €925 | €2,304 | +€1,378 | +149.0% |
| Other amounts payable | 47/48 | €13,470 | €10,796 | -€2,674 | -19.9% |
| Accrued charges and deferred income | 492/3 | €18 | €0 | -€18 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,227 | €5,229 | -€999 | -16.0% |
| Other operating charges | 640/8 | €625 | €424 | -€200 | -32.1% |
| Gross operating margin | 9900 | €9,940 | €9,374 | -€566 | -5.7% |
| Operating profit (loss) | 9901 | €3,088 | €3,721 | +€633 | +20.5% |
| Financial income | 75/76B | €5 | €2 | -€3 | -62.9% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -62.9% |
| Financial charges | 65/66B | €2,911 | €2,885 | -€25 | -0.9% |
| Recurring financial charges | 65 | €2,911 | €2,885 | -€25 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €182 | €837 | +€655 | +359.7% |
| Income taxes | 67/77 | €844 | €945 | +€100 | +11.9% |
| Profit (loss) for the period | 9904 | -€662 | -€107 | +€555 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€662 | -€107 | +€555 | +83.8% |
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 7 October 2026 via checked.be.