VISUAL DIMENSION: what changed
Two fiscal 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 DIMENSION
Largest movements
- Receivables within one year -€20,557
down €20,557 (-52.8%), from €38,896 to €18,340
of which Trade receivables: -€21,008
- Profit (loss) carried forward -€24,245
down €24,245 (-17.7%), from -€137,361 to -€161,606
- Debts after one year +€17,047
up €17,047 (+7.3%), from €232,047 to €249,094
- Trade debts -€13,210
down €13,210 (-52.6%), from €25,110 to €11,900
- Gross operating margin -€24,546
down €24,546 (-68.5%), from €35,822 to €11,276
- Staff costs +€990
up €990 (+3.2%), from €31,056 to €32,047
- Other operating charges -€435
down €435 (-17.5%), from €2,483 to €2,048
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 | €328,157 | €306,348 | -€21,809 | -6.6% |
| Fixed assets | 21/28 | €280,086 | €279,158 | -€928 | -0.3% |
| Tangible fixed assets | 22/27 | €280,036 | €279,108 | -€928 | -0.3% |
| Land and buildings | 22 | €278,112 | €278,112 | = | 0.0% |
| Furniture and vehicles | 24 | €1,924 | €996 | -€928 | -48.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €48,071 | €27,190 | -€20,881 | -43.4% |
| Amounts receivable within one year | 40/41 | €38,896 | €18,340 | -€20,557 | -52.8% |
| Trade receivables | 40 | €38,896 | €17,889 | -€21,008 | -54.0% |
| Other amounts receivable | 41 | - | €451 | +€451 | |
| Cash at bank and in hand | 54/58 | €3,189 | €2,917 | -€272 | -8.5% |
| Deferred charges and accrued income | 490/1 | €5,985 | €5,933 | -€52 | -0.9% |
| Total equity and liabilities | 10/49 | €328,157 | €306,348 | -€21,809 | -6.6% |
| Equity | 10/15 | €58,664 | €34,419 | -€24,245 | -41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €175,565 | €175,565 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,361 | -€161,606 | -€24,245 | -17.7% |
| Amounts payable | 17/49 | €269,493 | €271,929 | +€2,436 | +0.9% |
| Amounts payable after more than one year | 17 | €232,047 | €249,094 | +€17,047 | +7.3% |
| Other amounts payable | 178/9 | €232,047 | €249,094 | +€17,047 | +7.3% |
| Amounts payable within one year | 42/48 | €37,445 | €22,834 | -€14,611 | -39.0% |
| Trade debts | 44 | €25,110 | €11,900 | -€13,210 | -52.6% |
| Suppliers | 440/4 | €25,110 | €11,900 | -€13,210 | -52.6% |
| Taxes, remuneration and social security | 45 | €12,335 | €10,934 | -€1,401 | -11.4% |
| Taxes | 450/3 | €4,113 | €5,033 | +€920 | +22.4% |
| Remuneration and social security | 454/9 | €8,222 | €5,901 | -€2,321 | -28.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,056 | €32,047 | +€990 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | €928 | -€232 | -20.0% |
| Other operating charges | 640/8 | €2,483 | €2,048 | -€435 | -17.5% |
| Gross operating margin | 9900 | €35,822 | €11,276 | -€24,546 | -68.5% |
| Operating profit (loss) | 9901 | €1,123 | -€23,746 | -€24,869 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €244 | €217 | -€27 | -11.2% |
| Recurring financial charges | 65 | €244 | €217 | -€27 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €882 | -€23,963 | -€24,845 | |
| Income taxes | 67/77 | €279 | €282 | +€3 | +1.0% |
| Profit (loss) for the period | 9904 | €603 | -€24,245 | -€24,847 | |
| Profit (loss) for the period to be appropriated | 9905 | €603 | -€24,245 | -€24,847 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.