VORM EN FUNCTIE: 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.
VORM EN FUNCTIE
Largest movements
- Cash -€7,233
down €7,233 (-40.1%), from €18,032 to €10,800
mainly Investment in fixed assets (net) (-€10,001) and Tax, wage and social debts (-€4,903)
- Tangible fixed assets -€5,029
down €5,029 (-13.0%), from €38,737 to €33,708
of which Furniture and vehicles: -€6,972
- Receivables within one year +€4,901
up €4,901 (+228%), from €2,154 to €7,055
of which Trade receivables: +€7,001
- Stocks and contracts +€2,127
up €2,127 (+61.2%), from €3,477 to €5,605
- Deferred charges and accrued income -€1,854
down €1,854 (-84.3%), from €2,198 to €344
- Other debts +€10,112
up €10,112 (+1,341%), from €754 to €10,866
- Tax, wage and social debts -€4,903
down €4,903 (-16.8%), from €29,104 to €24,201
of which Remuneration and social security: -€5,636
- Current portion of long-term debt -€4,139
down €4,139 (-55.6%), from €7,439 to €3,300
- Trade debts -€3,810
down €3,810 (-34.3%), from €11,107 to €7,298
- Debts after one year -€3,300
down €3,300 (-22.6%), from €14,607 to €11,307
- Gross operating margin +€17,420
up €17,420, from -€1,232 to €16,188
- Other operating charges +€1,307
up €1,307 (+588%), from €222 to €1,529
- Depreciation -€874
down €874 (-5.2%), from €16,904 to €16,030
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 | €79,728 | €71,641 | -€8,087 | -10.1% |
| Fixed assets | 21/28 | €53,866 | €47,838 | -€6,029 | -11.2% |
| Intangible fixed assets | 21 | €9,730 | €8,730 | -€1,000 | -10.3% |
| Tangible fixed assets | 22/27 | €38,737 | €33,708 | -€5,029 | -13.0% |
| Plant, machinery and equipment | 23 | €22,966 | €24,909 | +€1,943 | +8.5% |
| Furniture and vehicles | 24 | €15,771 | €8,799 | -€6,972 | -44.2% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €25,862 | €23,803 | -€2,059 | -8.0% |
| Stocks and contracts in progress | 3 | €3,477 | €5,605 | +€2,127 | +61.2% |
| Stocks | 30/36 | €3,477 | €5,605 | +€2,127 | +61.2% |
| Amounts receivable within one year | 40/41 | €2,154 | €7,055 | +€4,901 | +228% |
| Trade receivables | 40 | €54 | €7,055 | +€7,001 | +12,933% |
| Other amounts receivable | 41 | €2,100 | - | -€2,100 | |
| Cash at bank and in hand | 54/58 | €18,032 | €10,800 | -€7,233 | -40.1% |
| Deferred charges and accrued income | 490/1 | €2,198 | €344 | -€1,854 | -84.3% |
| Total equity and liabilities | 10/49 | €79,728 | €71,641 | -€8,087 | -10.1% |
| Equity | 10/15 | €15,350 | €12,988 | -€2,362 | -15.4% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €25,352 | €25,352 | = | 0.0% |
| Distributable reserves | 133 | €25,352 | €25,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,202 | -€21,564 | -€2,362 | -12.3% |
| Amounts payable | 17/49 | €64,379 | €58,653 | -€5,726 | -8.9% |
| Amounts payable after more than one year | 17 | €14,607 | €11,307 | -€3,300 | -22.6% |
| Financial debts | 170/4 | €14,607 | €11,307 | -€3,300 | -22.6% |
| Amounts payable within one year | 42/48 | €49,271 | €47,053 | -€2,219 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €7,439 | €3,300 | -€4,139 | -55.6% |
| Trade debts | 44 | €11,107 | €7,298 | -€3,810 | -34.3% |
| Suppliers | 440/4 | €11,107 | €7,298 | -€3,810 | -34.3% |
| Advances received on contracts in progress | 46 | €866 | €1,388 | +€521 | +60.2% |
| Taxes, remuneration and social security | 45 | €29,104 | €24,201 | -€4,903 | -16.8% |
| Taxes | 450/3 | €9,411 | €10,143 | +€733 | +7.8% |
| Remuneration and social security | 454/9 | €19,693 | €14,057 | -€5,636 | -28.6% |
| Other amounts payable | 47/48 | €754 | €10,866 | +€10,112 | +1,341% |
| Accrued charges and deferred income | 492/3 | €500 | €293 | -€207 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,904 | €16,030 | -€874 | -5.2% |
| Other operating charges | 640/8 | €222 | €1,529 | +€1,307 | +588% |
| Gross operating margin | 9900 | -€1,232 | €16,188 | +€17,420 | |
| Operating profit (loss) | 9901 | -€18,358 | -€1,371 | +€16,987 | +92.5% |
| Financial income | 75/76B | €15 | €8 | -€8 | -50.1% |
| Recurring financial income | 75 | €15 | €8 | -€8 | -50.1% |
| Financial charges | 65/66B | €720 | €857 | +€137 | +19.0% |
| Recurring financial charges | 65 | €720 | €857 | +€137 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,063 | -€2,221 | +€16,842 | +88.4% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€19,202 | -€2,362 | +€16,841 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,202 | -€2,362 | +€16,841 | +87.7% |
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 26 October 2026 via checked.be.