VIRTUAL PERFORMANCE TOOL: 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.
VIRTUAL PERFORMANCE TOOL
Largest movements
- Cash -€33,739
down €33,739 (-74.0%), from €45,578 to €11,838
mainly Current investments (-€28,221) and Investment in fixed assets (net) (-€8,473)
- Current investments +€28,221
new in 2025: €28,221
- Intangible fixed assets +€15,420
new in 2025: €15,420
- Tangible fixed assets -€13,757
down €13,757 (-83.8%), from €16,410 to €2,654
- Receivables within one year +€1,711
up €1,711 (+130.7%), from €1,310 to €3,021
of which Trade receivables: +€2,093
- Debts after one year -€7,470
no longer reported in 2025 (was €7,470)
- Profit (loss) carried forward +€6,058
new in 2025: €6,058
- Current portion of long-term debt -€970
down €970 (-11.5%), from €8,440 to €7,470
- Financial charges -€2,958
down €2,958 (-54.1%), from €5,466 to €2,508
- Depreciation +€2,055
up €2,055 (+43.2%), from €4,754 to €6,810
- Gross operating margin +€737
up €737 (+4.4%), from €16,688 to €17,425
- Taxes -€588
down €588 (-29.6%), from €1,989 to €1,401
- Other operating charges +€406
up €406 (+166.4%), from €244 to €649
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 | €63,297 | €61,358 | -€1,939 | -3.1% |
| Fixed assets | 21/28 | €16,410 | €18,073 | +€1,663 | +10.1% |
| Intangible fixed assets | 21 | - | €15,420 | +€15,420 | |
| Tangible fixed assets | 22/27 | €16,410 | €2,654 | -€13,757 | -83.8% |
| Plant, machinery and equipment | 23 | €16,410 | €2,654 | -€13,757 | -83.8% |
| Current assets | 29/58 | €46,887 | €43,285 | -€3,602 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,310 | €3,021 | +€1,711 | +130.7% |
| Trade receivables | 40 | €928 | €3,021 | +€2,093 | +225.5% |
| Other amounts receivable | 41 | €382 | - | -€382 | |
| Current investments | 50/53 | - | €28,221 | +€28,221 | |
| Cash at bank and in hand | 54/58 | €45,578 | €11,838 | -€33,739 | -74.0% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €63,297 | €61,358 | -€1,939 | -3.1% |
| Equity | 10/15 | €44,390 | €50,448 | +€6,058 | +13.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,390 | €41,390 | = | 0.0% |
| Distributable reserves | 133 | €41,390 | €41,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,058 | +€6,058 | |
| Amounts payable | 17/49 | €18,907 | €10,910 | -€7,997 | -42.3% |
| Amounts payable after more than one year | 17 | €7,470 | - | -€7,470 | |
| Financial debts | 170/4 | €7,470 | - | -€7,470 | |
| Amounts payable within one year | 42/48 | €11,437 | €10,910 | -€527 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €8,440 | €7,470 | -€970 | -11.5% |
| Trade debts | 44 | €992 | €1,588 | +€596 | +60.0% |
| Suppliers | 440/4 | €992 | €1,588 | +€596 | +60.0% |
| Taxes, remuneration and social security | 45 | €1,989 | €1,837 | -€152 | -7.7% |
| Taxes | 450/3 | €1,989 | €1,837 | -€152 | -7.7% |
| Other amounts payable | 47/48 | €16 | €16 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,754 | €6,810 | +€2,055 | +43.2% |
| Other operating charges | 640/8 | €244 | €649 | +€406 | +166.4% |
| Gross operating margin | 9900 | €16,688 | €17,425 | +€737 | +4.4% |
| Operating profit (loss) | 9901 | €11,690 | €9,966 | -€1,724 | -14.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.2% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.2% |
| Financial charges | 65/66B | €5,466 | €2,508 | -€2,958 | -54.1% |
| Recurring financial charges | 65 | €5,466 | €2,508 | -€2,958 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €6,230 | €7,459 | +€1,229 | +19.7% |
| Income taxes | 67/77 | €1,989 | €1,401 | -€588 | -29.6% |
| Profit (loss) for the period | 9904 | €4,240 | €6,058 | +€1,817 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,240 | €6,058 | +€1,817 | +42.9% |
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 11 October 2026 via checked.be.