UNIT19: 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.
UNIT19
Largest movements
- Receivables within one year +€20,963
up €20,963 (+148%), from €14,192 to €35,155
of which Trade receivables: +€20,941
- Cash +€2,495
up €2,495 (+126%), from €1,974 to €4,469
mainly Accrued charges and deferred income (+€15,390) and Net result for the year (+€3,863)
- Intangible fixed assets -€1,892
down €1,892 (-11.8%), from €16,031 to €14,139
- Tangible fixed assets -€905
down €905 (-17.5%), from €5,171 to €4,266
- Accrued charges and deferred income +€15,390
up €15,390 (+182%), from €8,453 to €23,843
- Profit (loss) carried forward +€3,863
up €3,863 (+92.7%), from -€4,166 to -€303
- Trade debts +€2,005
up €2,005 (+6.8%), from €29,609 to €31,615
- Write-downs -€35,819
no longer reported in 2025 (was €35,819)
- Gross operating margin -€29,309
down €29,309 (-76.1%), from €38,506 to €9,197
- Taxes +€424
new in 2025: €424
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 | €37,368 | €58,578 | +€21,210 | +56.8% |
| Fixed assets | 21/28 | €21,203 | €18,405 | -€2,797 | -13.2% |
| Intangible fixed assets | 21 | €16,031 | €14,139 | -€1,892 | -11.8% |
| Tangible fixed assets | 22/27 | €5,171 | €4,266 | -€905 | -17.5% |
| Furniture and vehicles | 24 | €5,171 | €4,266 | -€905 | -17.5% |
| Current assets | 29/58 | €16,165 | €40,172 | +€24,007 | +149% |
| Amounts receivable within one year | 40/41 | €14,192 | €35,155 | +€20,963 | +148% |
| Trade receivables | 40 | €9,010 | €29,952 | +€20,941 | +232% |
| Other amounts receivable | 41 | €5,181 | €5,203 | +€22 | +0.4% |
| Cash at bank and in hand | 54/58 | €1,974 | €4,469 | +€2,495 | +126% |
| Deferred charges and accrued income | 490/1 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €37,368 | €58,578 | +€21,210 | +56.8% |
| Equity | 10/15 | -€1,166 | €2,697 | +€3,863 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,166 | -€303 | +€3,863 | +92.7% |
| Amounts payable | 17/49 | €38,534 | €55,881 | +€17,347 | +45.0% |
| Amounts payable within one year | 42/48 | €30,081 | €32,038 | +€1,957 | +6.5% |
| Trade debts | 44 | €29,609 | €31,615 | +€2,005 | +6.8% |
| Suppliers | 440/4 | €29,609 | €31,615 | +€2,005 | +6.8% |
| Taxes, remuneration and social security | 45 | - | €424 | +€424 | |
| Taxes | 450/3 | - | €424 | +€424 | |
| Other amounts payable | 47/48 | €472 | - | -€472 | |
| Accrued charges and deferred income | 492/3 | €8,453 | €23,843 | +€15,390 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,797 | €2,797 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,819 | - | -€35,819 | |
| Other operating charges | 640/8 | €366 | €393 | +€27 | +7.3% |
| Gross operating margin | 9900 | €38,506 | €9,197 | -€29,309 | -76.1% |
| Operating profit (loss) | 9901 | -€477 | €6,007 | +€6,484 | |
| Financial charges | 65/66B | €1,573 | €1,721 | +€147 | +9.4% |
| Recurring financial charges | 65 | €1,573 | €1,721 | +€147 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,050 | €4,286 | +€6,337 | |
| Income taxes | 67/77 | - | €424 | +€424 | |
| Profit (loss) for the period | 9904 | -€2,050 | €3,863 | +€5,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,050 | €3,863 | +€5,913 |
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 19 October 2026 via checked.be.