Vintage 106: 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.
Vintage 106
Largest movements
- Receivables within one year +€12,756
up €12,756 (+149%), from €8,587 to €21,343
of which Trade receivables: +€11,155
- Cash -€6,544
down €6,544 (-91.0%), from €7,187 to €643
mainly Net result for the year (-€35,050) and Receivables within one year (-€12,756)
- Intangible fixed assets -€5,000
down €5,000 (-10.6%), from €47,234 to €42,234
- Deferred charges and accrued income -€3,562
down €3,562 (-97.7%), from €3,648 to €86
- Profit (loss) carried forward -€35,015
down €35,015 (-141%), from -€24,746 to -€59,760
- Trade debts +€29,928
up €29,928 (+84.5%), from €35,417 to €65,345
- Tax, wage and social debts +€2,593
up €2,593 (+196%), from €1,321 to €3,915
of which Remuneration and social security: +€1,949
- Depreciation +€9,169
up €9,169 (+269%), from €3,405 to €12,573
- Other operating charges +€3,351
up €3,351 (+233%), from €1,438 to €4,789
- Gross operating margin +€1,951
up €1,951 (+9.9%), from -€19,797 to -€17,846
- Financial income +€629
up €629 (+3,146,000%), from €0 to €629
- Financial charges +€364
up €364 (+343%), from €106 to €470
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 | €101,615 | €98,576 | -€3,038 | -3.0% |
| Fixed assets | 21/28 | €82,193 | €76,505 | -€5,688 | -6.9% |
| Intangible fixed assets | 21 | €47,234 | €42,234 | -€5,000 | -10.6% |
| Tangible fixed assets | 22/27 | €34,759 | €34,071 | -€688 | -2.0% |
| Land and buildings | 22 | €28,400 | €29,604 | +€1,204 | +4.2% |
| Plant, machinery and equipment | 23 | €6,359 | €4,467 | -€1,892 | -29.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €19,422 | €22,071 | +€2,649 | +13.6% |
| Amounts receivable within one year | 40/41 | €8,587 | €21,343 | +€12,756 | +149% |
| Trade receivables | 40 | €8,587 | €19,742 | +€11,155 | +130% |
| Other amounts receivable | 41 | - | €1,601 | +€1,601 | |
| Cash at bank and in hand | 54/58 | €7,187 | €643 | -€6,544 | -91.0% |
| Deferred charges and accrued income | 490/1 | €3,648 | €86 | -€3,562 | -97.7% |
| Total equity and liabilities | 10/49 | €101,615 | €98,576 | -€3,038 | -3.0% |
| Equity | 10/15 | -€19,711 | -€54,760 | -€35,050 | -178% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35 | €0 | -€35 | -100% |
| Distributable reserves | 133 | €35 | €0 | -€35 | -100% |
| Profit (loss) carried forward | 14 | -€24,746 | -€59,760 | -€35,015 | -141% |
| Amounts payable | 17/49 | €121,325 | €153,336 | +€32,011 | +26.4% |
| Amounts payable after more than one year | 17 | €81,000 | €81,000 | = | 0.0% |
| Financial debts | 170/4 | €81,000 | €81,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,325 | €72,336 | +€32,011 | +79.4% |
| Trade debts | 44 | €35,417 | €65,345 | +€29,928 | +84.5% |
| Suppliers | 440/4 | €35,417 | €65,345 | +€29,928 | +84.5% |
| Taxes, remuneration and social security | 45 | €1,321 | €3,915 | +€2,593 | +196% |
| Taxes | 450/3 | €1,321 | €1,966 | +€644 | +48.8% |
| Remuneration and social security | 454/9 | - | €1,949 | +€1,949 | |
| Other amounts payable | 47/48 | €3,587 | €3,077 | -€510 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,405 | €12,573 | +€9,169 | +269% |
| Other operating charges | 640/8 | €1,438 | €4,789 | +€3,351 | +233% |
| Gross operating margin | 9900 | -€19,797 | -€17,846 | +€1,951 | +9.9% |
| Operating profit (loss) | 9901 | -€24,639 | -€35,208 | -€10,569 | -42.9% |
| Financial income | 75/76B | €0 | €629 | +€629 | +3,146,000% |
| Recurring financial income | 75 | €0 | €629 | +€629 | +3,146,000% |
| Financial charges | 65/66B | €106 | €470 | +€364 | +343% |
| Recurring financial charges | 65 | €106 | €470 | +€364 | +343% |
| Profit (loss) for the period before taxes | 9903 | -€24,746 | -€35,050 | -€10,304 | -41.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,746 | -€35,050 | -€10,304 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,746 | -€35,050 | -€10,304 | -41.6% |
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 25 October 2026 via checked.be.