VISUAL: 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.
VISUAL
Largest movements
- Cash -€44,207
down €44,207 (-15.2%), from €289,975 to €245,767
mainly Net result for the year (-€37,312) and Other debts (-€20,129)
- Profit (loss) carried forward -€22,523
down €22,523 (-38.2%), from -€58,982 to -€81,505
- Other debts -€20,129
down €20,129 (-15.5%), from €130,144 to €110,014
- Reserves -€14,789
down €14,789 (-6.7%), from €221,133 to €206,343
- Tax, wage and social debts +€13,000
up €13,000 (+42.6%), from €30,510 to €43,510
of which Taxes: +€9,839
- Trade debts +€6,682
up €6,682 (+27.6%), from €24,175 to €30,857
- Gross operating margin -€8,984
down €8,984 (-5.9%), from €151,302 to €142,318
- Staff costs +€7,648
up €7,648 (+4.5%), from €169,576 to €177,224
- Financial income -€2,703
down €2,703 (-58.6%), from €4,614 to €1,911
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 | €364,900 | €322,154 | -€42,746 | -11.7% |
| Fixed assets | 21/28 | €5,311 | €5,071 | -€240 | -4.5% |
| Tangible fixed assets | 22/27 | €5,311 | €5,071 | -€240 | -4.5% |
| Plant, machinery and equipment | 23 | €1,100 | €793 | -€307 | -27.9% |
| Furniture and vehicles | 24 | €4,212 | €4,278 | +€66 | +1.6% |
| Current assets | 29/58 | €359,589 | €317,084 | -€42,506 | -11.8% |
| Amounts receivable within one year | 40/41 | €67,500 | €69,507 | +€2,007 | +3.0% |
| Trade receivables | 40 | €63,447 | €69,127 | +€5,681 | +9.0% |
| Other amounts receivable | 41 | €4,054 | €379 | -€3,674 | -90.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €289,975 | €245,767 | -€44,207 | -15.2% |
| Deferred charges and accrued income | 490/1 | €2,115 | €1,810 | -€305 | -14.4% |
| Total equity and liabilities | 10/49 | €364,900 | €322,154 | -€42,746 | -11.7% |
| Equity | 10/15 | €174,750 | €137,438 | -€37,312 | -21.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €221,133 | €206,343 | -€14,789 | -6.7% |
| Distributable reserves | 133 | €221,133 | €206,343 | -€14,789 | -6.7% |
| Profit (loss) carried forward | 14 | -€58,982 | -€81,505 | -€22,523 | -38.2% |
| Amounts payable | 17/49 | €190,151 | €184,716 | -€5,434 | -2.9% |
| Amounts payable within one year | 42/48 | €184,829 | €184,381 | -€447 | -0.2% |
| Trade debts | 44 | €24,175 | €30,857 | +€6,682 | +27.6% |
| Suppliers | 440/4 | €24,175 | €30,857 | +€6,682 | +27.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,510 | €43,510 | +€13,000 | +42.6% |
| Taxes | 450/3 | €10,104 | €19,943 | +€9,839 | +97.4% |
| Remuneration and social security | 454/9 | €20,407 | €23,567 | +€3,160 | +15.5% |
| Other amounts payable | 47/48 | €130,144 | €110,014 | -€20,129 | -15.5% |
| Accrued charges and deferred income | 492/3 | €5,322 | €335 | -€4,987 | -93.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €169,576 | €177,224 | +€7,648 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,137 | €2,868 | +€731 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€195 | €0 | +€195 | |
| Other operating charges | 640/8 | €708 | €591 | -€117 | -16.5% |
| Gross operating margin | 9900 | €151,302 | €142,318 | -€8,984 | -5.9% |
| Operating profit (loss) | 9901 | -€20,924 | -€38,365 | -€17,441 | -83.4% |
| Financial income | 75/76B | €4,614 | €1,911 | -€2,703 | -58.6% |
| Recurring financial income | 75 | €4,614 | €1,911 | -€2,703 | -58.6% |
| Financial charges | 65/66B | €489 | €658 | +€169 | +34.5% |
| Recurring financial charges | 65 | €489 | €658 | +€169 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,799 | -€37,112 | -€20,313 | -121% |
| Income taxes | 67/77 | €213 | €199 | -€13 | -6.2% |
| Profit (loss) for the period | 9904 | -€17,012 | -€37,312 | -€20,300 | -119% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,012 | -€37,312 | -€20,300 | -119% |
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 13 October 2026 via checked.be.