Visualized: 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.
Visualized
Largest movements
- Cash -€59,791
down €59,791 (-94.6%), from €63,227 to €3,437
mainly Net result for the year (-€55,753) and Investment in fixed assets (net) (-€11,907)
- Stocks and contracts +€5,779
new in 2025: €5,779
- Profit (loss) carried forward -€55,753
new in 2025: -€55,753
- Gross operating margin -€49,579
down €49,579, from €7,736 to -€41,843
- Other operating charges -€1,788
down €1,788 (-60.9%), from €2,935 to €1,147
- Depreciation -€868
down €868 (-7.9%), from €11,040 to €10,173
- Financial charges +€604
up €604 (+33.1%), from €1,825 to €2,429
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 | €451,796 | €400,018 | -€51,778 | -11.5% |
| Fixed assets | 21/28 | €378,923 | €380,657 | +€1,734 | +0.5% |
| Tangible fixed assets | 22/27 | €378,923 | €380,657 | +€1,734 | +0.5% |
| Land and buildings | 22 | €374,636 | €366,986 | -€7,650 | -2.0% |
| Plant, machinery and equipment | 23 | €785 | €1,980 | +€1,195 | +152.2% |
| Furniture and vehicles | 24 | €3,502 | €11,691 | +€8,189 | +233.9% |
| Current assets | 29/58 | €72,873 | €19,361 | -€53,512 | -73.4% |
| Stocks and contracts in progress | 3 | - | €5,779 | +€5,779 | |
| Stocks | 30/36 | - | €5,779 | +€5,779 | |
| Amounts receivable within one year | 40/41 | €8,731 | €8,171 | -€560 | -6.4% |
| Trade receivables | 40 | €1,175 | €354 | -€821 | -69.9% |
| Other amounts receivable | 41 | €7,556 | €7,817 | +€261 | +3.5% |
| Cash at bank and in hand | 54/58 | €63,227 | €3,437 | -€59,791 | -94.6% |
| Deferred charges and accrued income | 490/1 | €914 | €1,975 | +€1,061 | +116.0% |
| Total equity and liabilities | 10/49 | €451,796 | €400,018 | -€51,778 | -11.5% |
| Equity | 10/15 | €143,187 | €87,435 | -€55,753 | -38.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €124,637 | €124,637 | = | 0.0% |
| Distributable reserves | 133 | €124,637 | €124,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€55,753 | -€55,753 | |
| Amounts payable | 17/49 | €308,608 | €312,583 | +€3,975 | +1.3% |
| Amounts payable within one year | 42/48 | €308,377 | €309,553 | +€1,177 | +0.4% |
| Trade debts | 44 | €1,851 | €2,134 | +€284 | +15.3% |
| Suppliers | 440/4 | €1,851 | €2,134 | +€284 | +15.3% |
| Advances received on contracts in progress | 46 | €245 | €0 | -€245 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,029 | €1,226 | +€198 | +19.2% |
| Taxes | 450/3 | €1,029 | €1,226 | +€198 | +19.2% |
| Other amounts payable | 47/48 | €305,253 | €306,192 | +€940 | +0.3% |
| Accrued charges and deferred income | 492/3 | €232 | €3,030 | +€2,798 | +1207.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,040 | €10,173 | -€868 | -7.9% |
| Other operating charges | 640/8 | €2,935 | €1,147 | -€1,788 | -60.9% |
| Gross operating margin | 9900 | €7,736 | -€41,843 | -€49,579 | |
| Operating profit (loss) | 9901 | -€6,239 | -€53,163 | -€46,924 | -752.1% |
| Financial income | 75/76B | €37 | €5 | -€32 | -86.4% |
| Recurring financial income | 75 | €37 | €5 | -€32 | -86.4% |
| Financial charges | 65/66B | €1,825 | €2,429 | +€604 | +33.1% |
| Recurring financial charges | 65 | €1,825 | €2,429 | +€604 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,027 | -€55,587 | -€47,560 | -592.5% |
| Income taxes | 67/77 | €284 | €166 | -€118 | -41.6% |
| Profit (loss) for the period | 9904 | -€8,311 | -€55,753 | -€47,442 | -570.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,311 | -€55,753 | -€47,442 | -570.9% |
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 11 October 2026 via checked.be.