UNIT ONE: 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.
UNIT ONE
Largest movements
- Receivables within one year -€44,770
down €44,770 (-61.7%), from €72,600 to €27,830
- Cash -€21,256
down €21,256 (-79.0%), from €26,916 to €5,660
mainly Other debts (-€79,993) and Tax, wage and social debts (-€1,755)
- Other debts -€79,993
down €79,993 (-16.3%), from €492,009 to €412,016
- Gross operating margin -€7,947
down €7,947 (-8.1%), from €98,263 to €90,316
- Financial charges -€3,557
down €3,557 (-4.5%), from €78,651 to €75,095
- Taxes -€2,291
down €2,291, from €1,549 to -€742
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 | €701,003 | €631,346 | -€69,657 | -9.9% |
| Fixed assets | 21/28 | €601,486 | €597,855 | -€3,631 | -0.6% |
| Tangible fixed assets | 22/27 | €601,486 | €597,855 | -€3,631 | -0.6% |
| Land and buildings | 22 | €601,486 | €597,855 | -€3,631 | -0.6% |
| Current assets | 29/58 | €99,516 | €33,490 | -€66,026 | -66.3% |
| Amounts receivable within one year | 40/41 | €72,600 | €27,830 | -€44,770 | -61.7% |
| Trade receivables | 40 | €72,600 | €27,830 | -€44,770 | -61.7% |
| Cash at bank and in hand | 54/58 | €26,916 | €5,660 | -€21,256 | -79.0% |
| Total equity and liabilities | 10/49 | €701,003 | €631,346 | -€69,657 | -9.9% |
| Equity | 10/15 | €189,995 | €192,106 | +€2,112 | +1.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,495 | €120,606 | +€2,112 | +1.8% |
| Amounts payable | 17/49 | €511,008 | €439,240 | -€71,768 | -14.0% |
| Amounts payable within one year | 42/48 | €497,836 | €422,454 | -€75,382 | -15.1% |
| Trade debts | 44 | €2,365 | €8,731 | +€6,366 | +269.2% |
| Suppliers | 440/4 | €2,365 | €8,731 | +€6,366 | +269.2% |
| Taxes, remuneration and social security | 45 | €3,462 | €1,706 | -€1,755 | -50.7% |
| Taxes | 450/3 | €3,462 | €1,706 | -€1,755 | -50.7% |
| Other amounts payable | 47/48 | €492,009 | €412,016 | -€79,993 | -16.3% |
| Accrued charges and deferred income | 492/3 | €13,172 | €16,786 | +€3,614 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,631 | €3,631 | = | 0.0% |
| Other operating charges | 640/8 | €10,296 | €10,221 | -€75 | -0.7% |
| Gross operating margin | 9900 | €98,263 | €90,316 | -€7,947 | -8.1% |
| Operating profit (loss) | 9901 | €84,336 | €76,464 | -€7,872 | -9.3% |
| Financial charges | 65/66B | €78,651 | €75,095 | -€3,557 | -4.5% |
| Recurring financial charges | 65 | €78,651 | €75,095 | -€3,557 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €5,685 | €1,369 | -€4,315 | -75.9% |
| Income taxes | 67/77 | €1,549 | -€742 | -€2,291 | |
| Profit (loss) for the period | 9904 | €4,136 | €2,112 | -€2,024 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,136 | €2,112 | -€2,024 | -48.9% |
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 30 September 2026 via checked.be.