UNE BONNE PIPE: 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.
UNE BONNE PIPE
Largest movements
- Receivables within one year -€14,746
down €14,746 (-50.6%), from €29,161 to €14,416
of which Trade receivables: -€10,898
- Cash +€5,720
up €5,720 (+209%), from €2,737 to €8,457
mainly Receivables within one year (+€14,746) and Trade debts (+€8,101)
- Tangible fixed assets +€954
up €954 (+11.2%), from €8,522 to €9,476
of which Furniture and vehicles: +€2,126
- Profit (loss) carried forward -€16,031
down €16,031 (-223%), from -€7,176 to -€23,207
- Trade debts +€8,101
up €8,101 (+56.9%), from €14,229 to €22,330
- Other debts +€6,812
up €6,812 (+24.9%), from €27,351 to €34,163
- Tax, wage and social debts -€6,659
no longer reported in 2025 (was €6,659)
- Gross operating margin -€9,379
down €9,379 (-1,538%), from -€610 to -€9,988
- Other operating charges -€1,446
down €1,446 (-81.3%), from €1,779 to €332
- Depreciation -€1,074
down €1,074 (-30.6%), from €3,506 to €2,432
- Financial income -€229
down €229 (-99.6%), from €230 to €1
- Financial charges -€119
down €119 (-41.9%), from €283 to €164
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 | €43,063 | €35,286 | -€7,777 | -18.1% |
| Fixed assets | 21/28 | €8,772 | €9,726 | +€954 | +10.9% |
| Tangible fixed assets | 22/27 | €8,522 | €9,476 | +€954 | +11.2% |
| Plant, machinery and equipment | 23 | €4,558 | €3,385 | -€1,172 | -25.7% |
| Furniture and vehicles | 24 | €3,965 | €6,091 | +€2,126 | +53.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €34,291 | €25,560 | -€8,731 | -25.5% |
| Amounts receivable within one year | 40/41 | €29,161 | €14,416 | -€14,746 | -50.6% |
| Trade receivables | 40 | €18,683 | €7,785 | -€10,898 | -58.3% |
| Other amounts receivable | 41 | €10,478 | €6,631 | -€3,847 | -36.7% |
| Cash at bank and in hand | 54/58 | €2,737 | €8,457 | +€5,720 | +209% |
| Deferred charges and accrued income | 490/1 | €2,393 | €2,687 | +€295 | +12.3% |
| Total equity and liabilities | 10/49 | €43,063 | €35,286 | -€7,777 | -18.1% |
| Equity | 10/15 | -€5,176 | -€21,207 | -€16,031 | -310% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,176 | -€23,207 | -€16,031 | -223% |
| Amounts payable | 17/49 | €48,240 | €56,493 | +€8,254 | +17.1% |
| Amounts payable within one year | 42/48 | €48,240 | €56,493 | +€8,254 | +17.1% |
| Trade debts | 44 | €14,229 | €22,330 | +€8,101 | +56.9% |
| Suppliers | 440/4 | €14,229 | €22,330 | +€8,101 | +56.9% |
| Taxes, remuneration and social security | 45 | €6,659 | - | -€6,659 | |
| Taxes | 450/3 | €6,659 | - | -€6,659 | |
| Other amounts payable | 47/48 | €27,351 | €34,163 | +€6,812 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,506 | €2,432 | -€1,074 | -30.6% |
| Other operating charges | 640/8 | €1,779 | €332 | -€1,446 | -81.3% |
| Non-recurring operating charges | 66A | - | €3,114 | +€3,114 | |
| Gross operating margin | 9900 | -€610 | -€9,988 | -€9,379 | -1,538% |
| Operating profit (loss) | 9901 | -€5,894 | -€15,867 | -€9,973 | -169% |
| Financial income | 75/76B | €230 | €1 | -€229 | -99.6% |
| Recurring financial income | 75 | €230 | €1 | -€229 | -99.6% |
| Financial charges | 65/66B | €283 | €164 | -€119 | -41.9% |
| Recurring financial charges | 65 | €283 | €164 | -€119 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,948 | -€16,031 | -€10,083 | -170% |
| Profit (loss) for the period | 9904 | -€5,948 | -€16,031 | -€10,083 | -170% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,948 | -€16,031 | -€10,083 | -170% |
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 31 October 2026 via checked.be.