WATCH MY 6: 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.
WATCH MY 6
Largest movements
- Receivables within one year -€4,933
down €4,933 (-42.1%), from €11,705 to €6,772
- Intangible fixed assets -€2,204
down €2,204 (-22.5%), from €9,802 to €7,599
- Cash -€1,507
down €1,507 (-49.0%), from €3,073 to €1,566
mainly Debts after one year (-€7,585) and Net result for the year (-€4,681)
- Tangible fixed assets -€1,118
down €1,118 (-40.2%), from €2,779 to €1,661
- Debts after one year -€7,585
down €7,585 (-25.4%), from €29,833 to €22,248
- Profit (loss) carried forward -€4,681
down €4,681 (-45.9%), from -€10,198 to -€14,879
- Trade debts +€1,881
up €1,881 (+1,295%), from €145 to €2,027
- Current portion of long-term debt +€655
up €655 (+9.4%), from €6,930 to €7,585
- Gross operating margin +€9,177
up €9,177, from -€7,368 to €1,808
- Depreciation +€1,530
up €1,530 (+85.4%), from €1,792 to €3,322
- Financial charges +€648
up €648 (+26.0%), from €2,489 to €3,138
- Other operating charges +€404
new in 2025: €404
- Financial income +€136
up €136 (+57.1%), from €238 to €374
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 | €27,360 | €17,630 | -€9,730 | -35.6% |
| Fixed assets | 21/28 | €12,582 | €9,260 | -€3,322 | -26.4% |
| Intangible fixed assets | 21 | €9,802 | €7,599 | -€2,204 | -22.5% |
| Tangible fixed assets | 22/27 | €2,779 | €1,661 | -€1,118 | -40.2% |
| Furniture and vehicles | 24 | €2,779 | €1,661 | -€1,118 | -40.2% |
| Current assets | 29/58 | €14,778 | €8,370 | -€6,408 | -43.4% |
| Amounts receivable within one year | 40/41 | €11,705 | €6,772 | -€4,933 | -42.1% |
| Other amounts receivable | 41 | €11,705 | €6,772 | -€4,933 | -42.1% |
| Cash at bank and in hand | 54/58 | €3,073 | €1,566 | -€1,507 | -49.0% |
| Deferred charges and accrued income | 490/1 | - | €32 | +€32 | |
| Total equity and liabilities | 10/49 | €27,360 | €17,630 | -€9,730 | -35.6% |
| Equity | 10/15 | -€9,548 | -€14,229 | -€4,681 | -49.0% |
| Contributions | 10/11 | €650 | €650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,198 | -€14,879 | -€4,681 | -45.9% |
| Amounts payable | 17/49 | €36,908 | €31,859 | -€5,049 | -13.7% |
| Amounts payable after more than one year | 17 | €29,833 | €22,248 | -€7,585 | -25.4% |
| Financial debts | 170/4 | €29,833 | €22,248 | -€7,585 | -25.4% |
| Amounts payable within one year | 42/48 | €7,075 | €9,612 | +€2,536 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €6,930 | €7,585 | +€655 | +9.4% |
| Trade debts | 44 | €145 | €2,027 | +€1,881 | +1,295% |
| Suppliers | 440/4 | €145 | €2,027 | +€1,881 | +1,295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,792 | €3,322 | +€1,530 | +85.4% |
| Other operating charges | 640/8 | - | €404 | +€404 | |
| Gross operating margin | 9900 | -€7,368 | €1,808 | +€9,177 | |
| Operating profit (loss) | 9901 | -€9,160 | -€1,918 | +€7,243 | +79.1% |
| Financial income | 75/76B | €238 | €374 | +€136 | +57.1% |
| Recurring financial income | 75 | €238 | €374 | +€136 | +57.1% |
| Financial charges | 65/66B | €2,489 | €3,138 | +€648 | +26.0% |
| Recurring financial charges | 65 | €2,489 | €3,138 | +€648 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,411 | -€4,681 | +€6,730 | +59.0% |
| Profit (loss) for the period | 9904 | -€11,411 | -€4,681 | +€6,730 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,411 | -€4,681 | +€6,730 | +59.0% |
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 30 October 2026 via checked.be.