Visual Teasing: 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 Teasing
Largest movements
- Cash -€58,377
down €58,377 (-66.3%), from €88,002 to €29,625
mainly Trade debts (-€35,279) and Accrued charges and deferred income (-€30,000)
- Receivables after one year +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Receivables within one year -€17,564
down €17,564 (-21.0%), from €83,533 to €65,969
of which Trade receivables: -€17,276
- Trade debts -€35,279
down €35,279 (-72.7%), from €48,523 to €13,244
- Accrued charges and deferred income -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€24,719
up €24,719 (+22.5%), from €109,827 to €134,546
- Tax, wage and social debts -€16,491
down €16,491 (-61.3%), from €26,923 to €10,432
- Other debts +€5,475
up €5,475 (+12,625%), from €43 to €5,519
- Gross operating margin -€27,885
down €27,885 (-42.5%), from €65,689 to €37,804
- Depreciation -€5,151
down €5,151 (-49.9%), from €10,324 to €5,173
- Taxes -€4,475
down €4,475 (-34.0%), from €13,150 to €8,675
- Financial income +€1,595
up €1,595 (+49.6%), from €3,216 to €4,811
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 | €237,357 | €181,441 | -€55,916 | -23.6% |
| Fixed assets | 21/28 | €5,822 | €5,847 | +€25 | +0.4% |
| Intangible fixed assets | 21 | €1,849 | €513 | -€1,337 | -72.3% |
| Tangible fixed assets | 22/27 | €2,473 | €3,834 | +€1,361 | +55.0% |
| Land and buildings | 22 | €153 | €153 | = | 0.0% |
| Plant, machinery and equipment | 23 | €270 | €199 | -€70 | -26.0% |
| Furniture and vehicles | 24 | €2,050 | €3,482 | +€1,431 | +69.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €231,535 | €175,594 | -€55,941 | -24.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Other amounts receivable | 291 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €83,533 | €65,969 | -€17,564 | -21.0% |
| Trade receivables | 40 | €80,369 | €63,093 | -€17,276 | -21.5% |
| Other amounts receivable | 41 | €3,164 | €2,877 | -€288 | -9.1% |
| Cash at bank and in hand | 54/58 | €88,002 | €29,625 | -€58,377 | -66.3% |
| Total equity and liabilities | 10/49 | €237,357 | €181,441 | -€55,916 | -23.6% |
| Equity | 10/15 | €123,864 | €148,583 | +€24,719 | +20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,637 | €1,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,637 | €1,637 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,637 | €1,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,827 | €134,546 | +€24,719 | +22.5% |
| Amounts payable | 17/49 | €113,493 | €32,857 | -€80,635 | -71.0% |
| Amounts payable after more than one year | 17 | €3,663 | - | -€3,663 | |
| Financial debts | 170/4 | €3,663 | - | -€3,663 | |
| Amounts payable within one year | 42/48 | €79,830 | €32,857 | -€46,972 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €4,341 | €3,663 | -€678 | -15.6% |
| Trade debts | 44 | €48,523 | €13,244 | -€35,279 | -72.7% |
| Suppliers | 440/4 | €48,523 | €13,244 | -€35,279 | -72.7% |
| Taxes, remuneration and social security | 45 | €26,923 | €10,432 | -€16,491 | -61.3% |
| Taxes | 450/3 | €26,923 | €10,432 | -€16,491 | -61.3% |
| Other amounts payable | 47/48 | €43 | €5,519 | +€5,475 | +12,625% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,324 | €5,173 | -€5,151 | -49.9% |
| Other operating charges | 640/8 | €2,692 | €3,089 | +€397 | +14.8% |
| Gross operating margin | 9900 | €65,689 | €37,804 | -€27,885 | -42.5% |
| Operating profit (loss) | 9901 | €52,673 | €29,542 | -€23,131 | -43.9% |
| Financial income | 75/76B | €3,216 | €4,811 | +€1,595 | +49.6% |
| Recurring financial income | 75 | €3,216 | €4,811 | +€1,595 | +49.6% |
| Financial charges | 65/66B | €720 | €958 | +€238 | +33.1% |
| Recurring financial charges | 65 | €720 | €958 | +€238 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €55,169 | €33,394 | -€21,774 | -39.5% |
| Income taxes | 67/77 | €13,150 | €8,675 | -€4,475 | -34.0% |
| Profit (loss) for the period | 9904 | €42,019 | €24,719 | -€17,300 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,019 | €24,719 | -€17,300 | -41.2% |
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 28 October 2026 via checked.be.