UP AND DOWN: 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.
UP AND DOWN
Largest movements
- Receivables within one year -€16,856
down €16,856 (-63.6%), from €26,507 to €9,650
of which Other amounts receivable: -€18,943
- Cash +€3,076
up €3,076 (+102%), from €3,028 to €6,104
mainly Receivables within one year (+€16,856) and Depreciation (+€1,452)
- Tangible fixed assets +€1,625
up €1,625 (+90.5%), from €1,795 to €3,420
- Deferred charges and accrued income -€548
down €548 (-91.8%), from €596 to €49
- Profit (loss) carried forward -€7,724
down €7,724 (-37.3%), from €20,693 to €12,969
- Trade debts -€3,287
down €3,287 (-84.5%), from €3,891 to €605
- Tax, wage and social debts -€1,800
down €1,800 (-38.9%), from €4,622 to €2,822
- Gross operating margin -€21,417
down €21,417, from €18,995 to -€2,422
- Other operating charges +€3,921
up €3,921 (+606%), from €647 to €4,568
- Taxes -€2,822
no longer reported in 2025 (was €2,822)
- Financial charges -€797
down €797 (-64.2%), from €1,242 to €445
- Depreciation +€692
up €692 (+91.2%), from €759 to €1,452
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 | €34,206 | €21,503 | -€12,704 | -37.1% |
| Fixed assets | 21/28 | €4,075 | €5,700 | +€1,625 | +39.9% |
| Tangible fixed assets | 22/27 | €1,795 | €3,420 | +€1,625 | +90.5% |
| Plant, machinery and equipment | 23 | €1,795 | €3,420 | +€1,625 | +90.5% |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €30,131 | €15,803 | -€14,328 | -47.6% |
| Amounts receivable within one year | 40/41 | €26,507 | €9,650 | -€16,856 | -63.6% |
| Trade receivables | 40 | €5,093 | €7,180 | +€2,087 | +41.0% |
| Other amounts receivable | 41 | €21,414 | €2,471 | -€18,943 | -88.5% |
| Cash at bank and in hand | 54/58 | €3,028 | €6,104 | +€3,076 | +102% |
| Deferred charges and accrued income | 490/1 | €596 | €49 | -€548 | -91.8% |
| Total equity and liabilities | 10/49 | €34,206 | €21,503 | -€12,704 | -37.1% |
| Equity | 10/15 | €25,693 | €17,969 | -€7,724 | -30.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,693 | €12,969 | -€7,724 | -37.3% |
| Amounts payable | 17/49 | €8,513 | €3,534 | -€4,980 | -58.5% |
| Amounts payable within one year | 42/48 | €8,513 | €3,427 | -€5,087 | -59.7% |
| Trade debts | 44 | €3,891 | €605 | -€3,287 | -84.5% |
| Suppliers | 440/4 | €3,891 | €605 | -€3,287 | -84.5% |
| Taxes, remuneration and social security | 45 | €4,622 | €2,822 | -€1,800 | -38.9% |
| Taxes | 450/3 | €4,622 | €2,822 | -€1,800 | -38.9% |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €1,452 | +€692 | +91.2% |
| Other operating charges | 640/8 | €647 | €4,568 | +€3,921 | +606% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €18,995 | -€2,422 | -€21,417 | |
| Operating profit (loss) | 9901 | €17,589 | -€8,492 | -€26,081 | |
| Financial income | 75/76B | €1,018 | €1,213 | +€195 | +19.2% |
| Recurring financial income | 75 | €1,018 | €1,213 | +€195 | +19.2% |
| Financial charges | 65/66B | €1,242 | €445 | -€797 | -64.2% |
| Recurring financial charges | 65 | €1,242 | €445 | -€797 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €17,365 | -€7,724 | -€25,088 | |
| Income taxes | 67/77 | €2,822 | - | -€2,822 | |
| Profit (loss) for the period | 9904 | €14,543 | -€7,724 | -€22,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,543 | -€7,724 | -€22,266 |
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 22 October 2026 via checked.be.