WE CONTROL: what changed
Two fiscal 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 CONTROL
Largest movements
- Receivables within one year -€92,141
down €92,141 (-62.0%), from €148,616 to €56,475
of which Trade receivables: -€99,482
- Cash +€25,415
up €25,415 (+463.5%), from €5,483 to €30,898
mainly Receivables within one year (+€92,141) and Trade debts (+€49,826)
- Tangible fixed assets -€19,032
down €19,032 (-34.2%), from €55,600 to €36,568
of which Other tangible fixed assets: -€14,757
- Deferred charges and accrued income -€8,298
down €8,298 (-47.8%), from €17,357 to €9,059
- Trade debts +€49,826
up €49,826 (+109.4%), from €45,549 to €95,375
- Other debts -€49,047
down €49,047 (-96.9%), from €50,637 to €1,591
- Profit (loss) carried forward -€42,633
down €42,633 (-509.1%), from -€8,373 to -€51,006
- Accrued charges and deferred income -€35,827
down €35,827 (-100.0%), from €35,827 to €0
- Short-term financial debts -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Staff costs +€57,890
up €57,890 (+123.9%), from €46,712 to €104,602
- Gross operating margin +€35,758
up €35,758 (+65.4%), from €54,699 to €90,457
- Depreciation -€6,444
down €6,444 (-23.6%), from €27,327 to €20,883
- Other operating charges +€4,919
up €4,919 (+574.4%), from €856 to €5,775
- Financial charges +€1,368
up €1,368 (+297.5%), from €460 to €1,829
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 | €227,246 | €133,190 | -€94,056 | -41.4% |
| Fixed assets | 21/28 | €55,790 | €36,758 | -€19,032 | -34.1% |
| Tangible fixed assets | 22/27 | €55,600 | €36,568 | -€19,032 | -34.2% |
| Plant, machinery and equipment | 23 | €1,921 | €2,543 | +€622 | +32.4% |
| Furniture and vehicles | 24 | €7,856 | €2,959 | -€4,897 | -62.3% |
| Other tangible fixed assets | 26 | €45,823 | €31,066 | -€14,757 | -32.2% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €171,456 | €96,432 | -€75,024 | -43.8% |
| Amounts receivable within one year | 40/41 | €148,616 | €56,475 | -€92,141 | -62.0% |
| Trade receivables | 40 | €133,616 | €34,134 | -€99,482 | -74.5% |
| Other amounts receivable | 41 | €15,000 | €22,341 | +€7,341 | +48.9% |
| Cash at bank and in hand | 54/58 | €5,483 | €30,898 | +€25,415 | +463.5% |
| Deferred charges and accrued income | 490/1 | €17,357 | €9,059 | -€8,298 | -47.8% |
| Total equity and liabilities | 10/49 | €227,246 | €133,190 | -€94,056 | -41.4% |
| Equity | 10/15 | €13,848 | -€28,785 | -€42,633 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,021 | €16,021 | = | 0.0% |
| Distributable reserves | 133 | €16,021 | €16,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,373 | -€51,006 | -€42,633 | -509.1% |
| Amounts payable | 17/49 | €213,398 | €161,975 | -€51,423 | -24.1% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,571 | €121,975 | -€15,596 | -11.3% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100.0% |
| Other loans | 439 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade debts | 44 | €45,549 | €95,375 | +€49,826 | +109.4% |
| Suppliers | 440/4 | €45,549 | €95,375 | +€49,826 | +109.4% |
| Taxes, remuneration and social security | 45 | €26,384 | €25,010 | -€1,375 | -5.2% |
| Taxes | 450/3 | €21,604 | €14,577 | -€7,027 | -32.5% |
| Remuneration and social security | 454/9 | €4,781 | €10,433 | +€5,652 | +118.2% |
| Other amounts payable | 47/48 | €50,637 | €1,591 | -€49,047 | -96.9% |
| Accrued charges and deferred income | 492/3 | €35,827 | €0 | -€35,827 | -100.0% |
| Remuneration, social security and pensions | 62 | €46,712 | €104,602 | +€57,890 | +123.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,327 | €20,883 | -€6,444 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€157 | €0 | +€157 | |
| Other operating charges | 640/8 | €856 | €5,775 | +€4,919 | +574.4% |
| Gross operating margin | 9900 | €54,699 | €90,457 | +€35,758 | +65.4% |
| Operating profit (loss) | 9901 | -€20,039 | -€40,803 | -€20,764 | -103.6% |
| Financial income | 75/76B | €44 | €0 | -€43 | -99.5% |
| Recurring financial income | 75 | €44 | €0 | -€43 | -99.5% |
| Financial charges | 65/66B | €460 | €1,829 | +€1,368 | +297.5% |
| Recurring financial charges | 65 | €460 | €1,829 | +€1,368 | +297.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,456 | -€42,632 | -€22,176 | -108.4% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€20,456 | -€42,633 | -€22,177 | -108.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,456 | -€42,633 | -€22,177 | -108.4% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.