VISUAL NEWS: 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 NEWS
Largest movements
- Receivables within one year -€21,121
down €21,121 (-87.3%), from €24,194 to €3,073
- Cash -€8,909
down €8,909 (-27.4%), from €32,486 to €23,577
mainly Net result for the year (-€13,993) and Trade debts (-€11,902)
- Tangible fixed assets +€4,901
up €4,901 (+412.3%), from €1,189 to €6,090
of which Furniture and vehicles: +€4,207
- Profit (loss) carried forward -€13,993
down €13,993 (-40.8%), from -€34,257 to -€48,250
- Trade debts -€11,902
down €11,902 (-87.6%), from €13,591 to €1,688
- Tax, wage and social debts -€4,118
down €4,118 (-54.5%), from €7,559 to €3,441
- Current portion of long-term debt +€2,829
new in 2025: €2,829
- Other debts +€782
up €782 (+18.6%), from €4,209 to €4,991
- Gross operating margin -€7,410
down €7,410 (-251.7%), from -€2,944 to -€10,354
- Other operating charges +€917
up €917 (+779.1%), from €118 to €1,035
- Depreciation +€615
up €615 (+46.0%), from €1,336 to €1,951
- Staff costs -€352
down €352 (-67.5%), from €522 to €170
- Financial charges -€293
down €293 (-45.2%), from €650 to €356
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 | €59,301 | €33,636 | -€25,665 | -43.3% |
| Fixed assets | 21/28 | €1,436 | €6,338 | +€4,901 | +341.3% |
| Tangible fixed assets | 22/27 | €1,189 | €6,090 | +€4,901 | +412.3% |
| Plant, machinery and equipment | 23 | €281 | €975 | +€694 | +247.4% |
| Furniture and vehicles | 24 | €908 | €5,116 | +€4,207 | +463.2% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €57,865 | €27,298 | -€30,567 | -52.8% |
| Amounts receivable within one year | 40/41 | €24,194 | €3,073 | -€21,121 | -87.3% |
| Trade receivables | 40 | €24,194 | €3,073 | -€21,121 | -87.3% |
| Cash at bank and in hand | 54/58 | €32,486 | €23,577 | -€8,909 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,185 | €648 | -€537 | -45.3% |
| Total equity and liabilities | 10/49 | €59,301 | €33,636 | -€25,665 | -43.3% |
| Equity | 10/15 | €33,943 | €19,950 | -€13,993 | -41.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€34,257 | -€48,250 | -€13,993 | -40.8% |
| Amounts payable | 17/49 | €25,358 | €13,686 | -€11,672 | -46.0% |
| Amounts payable after more than one year | 17 | - | €736 | +€736 | |
| Financial debts | 170/4 | - | €736 | +€736 | |
| Amounts payable within one year | 42/48 | €25,358 | €12,950 | -€12,409 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,829 | +€2,829 | |
| Trade debts | 44 | €13,591 | €1,688 | -€11,902 | -87.6% |
| Suppliers | 440/4 | €13,591 | €1,688 | -€11,902 | -87.6% |
| Taxes, remuneration and social security | 45 | €7,559 | €3,441 | -€4,118 | -54.5% |
| Taxes | 450/3 | €7,559 | €3,441 | -€4,118 | -54.5% |
| Other amounts payable | 47/48 | €4,209 | €4,991 | +€782 | +18.6% |
| Remuneration, social security and pensions | 62 | €522 | €170 | -€352 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,336 | €1,951 | +€615 | +46.0% |
| Other operating charges | 640/8 | €118 | €1,035 | +€917 | +779.1% |
| Gross operating margin | 9900 | -€2,944 | -€10,354 | -€7,410 | -251.7% |
| Operating profit (loss) | 9901 | -€4,920 | -€13,510 | -€8,590 | -174.6% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €650 | €356 | -€293 | -45.2% |
| Recurring financial charges | 65 | €650 | €356 | -€293 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,569 | -€13,852 | -€8,283 | -148.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€5,709 | -€13,993 | -€8,284 | -145.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,709 | -€13,993 | -€8,284 | -145.1% |
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 6 October 2026 via checked.be.