We Can Do It: 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.
We Can Do It
Largest movements
- Tangible fixed assets -€926,467
no longer reported in 2025 (was €926,467)
- Receivables within one year +€117,617
up €117,617 (+65.2%), from €180,500 to €298,117
- Cash +€99,624
up €99,624 (+76.0%), from €131,080 to €230,704
mainly Investment in fixed assets (net) (+€926,467) and Other debts (+€306,083)
- Debts after one year -€999,385
down €999,385 (-43.5%), from €2.3m to €1.3m
- Other debts +€306,083
up €306,083 (+12.9%), from €2.4m to €2.7m
- Tax, wage and social debts -€58,146
down €58,146 (-59.9%), from €97,028 to €38,882
- Gross operating margin -€514,548
down €514,548 (-83.6%), from €615,546 to €100,998
- Depreciation -€25,758
no longer reported in 2025 (was €25,758)
- Financial charges +€11,906
up €11,906 (+22.4%), from €53,180 to €65,086
- Taxes +€8,373
up €8,373 (+14,992%), from €56 to €8,429
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.
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 | €5,683,047 | €4,928,820 | -€754,227 | -13.3% |
| Fixed assets | 21/28 | €5,326,467 | €4,400,000 | -€926,467 | -17.4% |
| Tangible fixed assets | 22/27 | €926,467 | - | -€926,467 | |
| Land and buildings | 22 | €926,467 | - | -€926,467 | |
| Financial fixed assets | 28 | €4,400,000 | €4,400,000 | = | 0.0% |
| Current assets | 29/58 | €356,580 | €528,820 | +€172,240 | +48.3% |
| Amounts receivable within one year | 40/41 | €180,500 | €298,117 | +€117,617 | +65.2% |
| Trade receivables | 40 | €180,500 | €298,117 | +€117,617 | +65.2% |
| Cash at bank and in hand | 54/58 | €131,080 | €230,704 | +€99,624 | +76.0% |
| Deferred charges and accrued income | 490/1 | €45,000 | - | -€45,000 | |
| Total equity and liabilities | 10/49 | €5,683,047 | €4,928,820 | -€754,227 | -13.3% |
| Equity | 10/15 | €478,588 | €501,744 | +€23,155 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,588 | €476,744 | +€23,155 | +5.1% |
| Amounts payable | 17/49 | €5,204,459 | €4,427,076 | -€777,382 | -14.9% |
| Amounts payable after more than one year | 17 | €2,299,828 | €1,300,443 | -€999,385 | -43.5% |
| Financial debts | 170/4 | €2,299,828 | €1,300,443 | -€999,385 | -43.5% |
| Amounts payable within one year | 42/48 | €2,889,319 | €3,098,488 | +€209,169 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €377,441 | €346,068 | -€31,373 | -8.3% |
| Trade debts | 44 | - | €34,954 | +€34,954 | |
| Suppliers | 440/4 | - | €34,954 | +€34,954 | |
| Advances received on contracts in progress | 46 | €42,350 | - | -€42,350 | |
| Taxes, remuneration and social security | 45 | €97,028 | €38,882 | -€58,146 | -59.9% |
| Taxes | 450/3 | €97,028 | €38,882 | -€58,146 | -59.9% |
| Other amounts payable | 47/48 | €2,372,500 | €2,678,583 | +€306,083 | +12.9% |
| Accrued charges and deferred income | 492/3 | €15,313 | €28,146 | +€12,833 | +83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,758 | - | -€25,758 | |
| Other operating charges | 640/8 | €3,903 | €4,328 | +€425 | +10.9% |
| Gross operating margin | 9900 | €615,546 | €100,998 | -€514,548 | -83.6% |
| Operating profit (loss) | 9901 | €585,885 | €96,671 | -€489,215 | -83.5% |
| Financial charges | 65/66B | €53,180 | €65,086 | +€11,906 | +22.4% |
| Recurring financial charges | 65 | €53,180 | €65,086 | +€11,906 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €532,705 | €31,584 | -€501,120 | -94.1% |
| Income taxes | 67/77 | €56 | €8,429 | +€8,373 | +14,992% |
| Profit (loss) for the period | 9904 | €532,649 | €23,155 | -€509,494 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €532,649 | €23,155 | -€509,494 | -95.7% |
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 15 October 2026 via checked.be.