Waveforms: 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.
Waveforms
Largest movements
- Cash -€10,877
down €10,877 (-42.5%), from €25,589 to €14,712
mainly Net result for the year (-€10,238) and Investment in fixed assets (net) (-€7,941)
- Current investments -€4,511
no longer reported in 2025 (was €4,511)
- Receivables after one year -€3,947
down €3,947 (-31.0%), from €12,722 to €8,775
of which Other amounts receivable: -€3,825
- Intangible fixed assets +€1,697
up €1,697 (+9.7%), from €17,572 to €19,269
- Profit (loss) carried forward -€10,238
down €10,238, from €462 to -€9,775
- Other debts -€3,700
down €3,700 (-30.4%), from €12,192 to €8,491
- Tax, wage and social debts -€3,145
down €3,145 (-59.7%), from €5,267 to €2,122
of which Remuneration and social security: -€2,092
- Gross operating margin -€11,634
down €11,634 (-99.5%), from €11,694 to €60
- Turnover -€6,568
down €6,568 (-12.7%), from €51,584 to €45,016
- Depreciation +€3,908
up €3,908 (+185%), from €2,107 to €6,015
- Purchases and services -€3,110
down €3,110 (-5.1%), from €61,423 to €58,313
- Financial charges +€2,451
up €2,451 (+115%), from €2,124 to €4,575
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 | €62,830 | €45,771 | -€17,059 | -27.2% |
| Fixed assets | 21/28 | €19,605 | €21,531 | +€1,926 | +9.8% |
| Intangible fixed assets | 21 | €17,572 | €19,269 | +€1,697 | +9.7% |
| Tangible fixed assets | 22/27 | €2,033 | €2,262 | +€229 | +11.3% |
| Plant, machinery and equipment | 23 | €2,033 | €2,262 | +€229 | +11.3% |
| Current assets | 29/58 | €43,225 | €24,240 | -€18,985 | -43.9% |
| Amounts receivable after more than one year | 29 | €12,722 | €8,775 | -€3,947 | -31.0% |
| Trade receivables | 290 | €122 | - | -€122 | |
| Other amounts receivable | 291 | €12,600 | €8,775 | -€3,825 | -30.4% |
| Amounts receivable within one year | 40/41 | €172 | €426 | +€254 | +148% |
| Other amounts receivable | 41 | €172 | €426 | +€254 | +148% |
| Current investments | 50/53 | €4,511 | - | -€4,511 | |
| Cash at bank and in hand | 54/58 | €25,589 | €14,712 | -€10,877 | -42.5% |
| Deferred charges and accrued income | 490/1 | €231 | €327 | +€97 | +41.9% |
| Total equity and liabilities | 10/49 | €62,830 | €45,771 | -€17,059 | -27.2% |
| Equity | 10/15 | €45,371 | €35,134 | -€10,238 | -22.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €40,909 | €40,909 | = | 0.0% |
| Distributable reserves | 133 | €40,909 | €40,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462 | -€9,775 | -€10,238 | |
| Amounts payable | 17/49 | €17,458 | €10,638 | -€6,821 | -39.1% |
| Amounts payable within one year | 42/48 | €17,458 | €10,637 | -€6,821 | -39.1% |
| Trade debts | 44 | €0 | €24 | +€24 | |
| Suppliers | 440/4 | €0 | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €5,267 | €2,122 | -€3,145 | -59.7% |
| Taxes | 450/3 | €3,175 | €2,122 | -€1,053 | -33.2% |
| Remuneration and social security | 454/9 | €2,092 | - | -€2,092 | |
| Other amounts payable | 47/48 | €12,192 | €8,491 | -€3,700 | -30.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €51,584 | €45,016 | -€6,568 | -12.7% |
| Non-recurring operating income | 76A | €21,533 | - | -€21,533 | |
| Goods, raw materials, services and sundry goods | 60/61 | €61,423 | €58,313 | -€3,110 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,107 | €6,015 | +€3,908 | +185% |
| Other operating charges | 640/8 | €513 | €801 | +€287 | +56.0% |
| Gross operating margin | 9900 | €11,694 | €60 | -€11,634 | -99.5% |
| Operating profit (loss) | 9901 | €9,073 | -€6,756 | -€15,829 | |
| Financial income | 75/76B | €371 | €1,131 | +€760 | +205% |
| Recurring financial income | 75 | €371 | €233 | -€138 | -37.1% |
| Non-recurring financial income | 76B | - | €898 | +€898 | |
| Financial charges | 65/66B | €2,124 | €4,575 | +€2,451 | +115% |
| Recurring financial charges | 65 | €2,124 | €4,575 | +€2,451 | +115% |
| Profit (loss) for the period before taxes | 9903 | €7,321 | -€10,200 | -€17,521 | |
| Income taxes | 67/77 | €1,513 | €38 | -€1,475 | -97.5% |
| Profit (loss) for the period | 9904 | €5,807 | -€10,238 | -€16,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,807 | -€10,238 | -€16,045 |
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 14 October 2026 via checked.be.