VISUAL EXPEDITION: 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 EXPEDITION
Largest movements
- Receivables within one year -€6,470
down €6,470 (-25.6%), from €25,251 to €18,780
of which Other amounts receivable: -€7,748
- Profit (loss) carried forward -€2,834
down €2,834 (-31.1%), from €9,108 to €6,273
- Short-term financial debts -€2,214
down €2,214 (-47.8%), from €4,632 to €2,417
- Trade debts -€1,300
down €1,300 (-39.0%), from €3,334 to €2,034
- Gross operating margin -€3,851
down €3,851, from €533 to -€3,319
- Financial income -€393
down €393 (-25.9%), from €1,516 to €1,124
- Other operating charges -€387
down €387 (-100.0%), from €387 to €0
- Financial charges -€82
down €82 (-11.4%), from €721 to €639
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 | €25,268 | €18,804 | -€6,465 | -25.6% |
| Current assets | 29/58 | €25,268 | €18,804 | -€6,465 | -25.6% |
| Amounts receivable within one year | 40/41 | €25,251 | €18,780 | -€6,470 | -25.6% |
| Trade receivables | 40 | €363 | €1,641 | +€1,278 | +352.0% |
| Other amounts receivable | 41 | €24,888 | €17,140 | -€7,748 | -31.1% |
| Cash at bank and in hand | 54/58 | €18 | €24 | +€6 | +32.9% |
| Total equity and liabilities | 10/49 | €25,268 | €18,804 | -€6,465 | -25.6% |
| Equity | 10/15 | €17,168 | €14,333 | -€2,834 | -16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,108 | €6,273 | -€2,834 | -31.1% |
| Amounts payable | 17/49 | €8,101 | €4,470 | -€3,631 | -44.8% |
| Amounts payable within one year | 42/48 | €8,101 | €4,470 | -€3,631 | -44.8% |
| Financial debts | 43 | €4,632 | €2,417 | -€2,214 | -47.8% |
| Credit institutions | 430/8 | €4,632 | €2,417 | -€2,214 | -47.8% |
| Trade debts | 44 | €3,334 | €2,034 | -€1,300 | -39.0% |
| Suppliers | 440/4 | €3,334 | €2,034 | -€1,300 | -39.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €135 | €19 | -€117 | -86.1% |
| Taxes | 450/3 | €135 | €19 | -€117 | -86.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100.0% |
| Gross operating margin | 9900 | €533 | -€3,319 | -€3,851 | |
| Operating profit (loss) | 9901 | €145 | -€3,319 | -€3,464 | |
| Financial income | 75/76B | €1,516 | €1,124 | -€393 | -25.9% |
| Recurring financial income | 75 | €1,516 | €1,124 | -€393 | -25.9% |
| Financial charges | 65/66B | €721 | €639 | -€82 | -11.4% |
| Recurring financial charges | 65 | €721 | €639 | -€82 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €941 | -€2,834 | -€3,775 | |
| Profit (loss) for the period | 9904 | €941 | -€2,834 | -€3,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €941 | -€2,834 | -€3,775 |
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 9 October 2026 via checked.be.