WE MANAGE IT: 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 MANAGE IT
Largest movements
- Cash +€8,065
new in 2025: €8,065
mainly Tax, wage and social debts (+€10,856) and Short-term financial debts (+€3,014)
- Receivables within one year +€6,659
up €6,659 (+107.0%), from €6,221 to €12,880
- Tangible fixed assets -€1,117
down €1,117 (-97.3%), from €1,147 to €31
- Deferred charges and accrued income +€752
up €752 (+33.6%), from €2,236 to €2,989
- Tax, wage and social debts +€10,856
up €10,856 (+143.3%), from €7,574 to €18,431
of which Taxes: +€10,431
- Short-term financial debts +€3,014
up €3,014 (+2.4%), from €126,986 to €130,000
of which Other loans: +€10,000
- Trade debts +€1,485
up €1,485 (+139.3%), from €1,066 to €2,551
- Profit (loss) carried forward -€996
down €996 (-0.7%), from -€146,022 to -€147,018
- Gross operating margin +€59,627
up €59,627, from -€17,083 to €42,544
- Staff costs +€2,020
up €2,020 (+5.5%), from €36,730 to €38,750
- Financial charges +€517
up €517 (+19.6%), from €2,637 to €3,154
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 | €9,604 | €23,964 | +€14,359 | +149.5% |
| Fixed assets | 21/28 | €1,147 | €31 | -€1,117 | -97.3% |
| Tangible fixed assets | 22/27 | €1,147 | €31 | -€1,117 | -97.3% |
| Plant, machinery and equipment | 23 | €1,147 | €31 | -€1,117 | -97.3% |
| Current assets | 29/58 | €8,457 | €23,933 | +€15,476 | +183.0% |
| Amounts receivable within one year | 40/41 | €6,221 | €12,880 | +€6,659 | +107.0% |
| Trade receivables | 40 | €6,221 | €12,880 | +€6,659 | +107.0% |
| Cash at bank and in hand | 54/58 | - | €8,065 | +€8,065 | |
| Deferred charges and accrued income | 490/1 | €2,236 | €2,989 | +€752 | +33.6% |
| Total equity and liabilities | 10/49 | €9,604 | €23,964 | +€14,359 | +149.5% |
| Equity | 10/15 | -€126,022 | -€127,018 | -€996 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,022 | -€147,018 | -€996 | -0.7% |
| Amounts payable | 17/49 | €135,626 | €150,981 | +€15,355 | +11.3% |
| Amounts payable within one year | 42/48 | €135,626 | €150,981 | +€15,355 | +11.3% |
| Financial debts | 43 | €126,986 | €130,000 | +€3,014 | +2.4% |
| Credit institutions | 430/8 | €6,986 | - | -€6,986 | |
| Other loans | 439 | €120,000 | €130,000 | +€10,000 | +8.3% |
| Trade debts | 44 | €1,066 | €2,551 | +€1,485 | +139.3% |
| Suppliers | 440/4 | €1,066 | €2,551 | +€1,485 | +139.3% |
| Taxes, remuneration and social security | 45 | €7,574 | €18,431 | +€10,856 | +143.3% |
| Taxes | 450/3 | €2,321 | €12,752 | +€10,431 | +449.5% |
| Remuneration and social security | 454/9 | €5,254 | €5,679 | +€425 | +8.1% |
| Remuneration, social security and pensions | 62 | €36,730 | €38,750 | +€2,020 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,117 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€17,083 | €42,544 | +€59,627 | |
| Operating profit (loss) | 9901 | -€55,435 | €2,158 | +€57,593 | |
| Financial charges | 65/66B | €2,637 | €3,154 | +€517 | +19.6% |
| Recurring financial charges | 65 | €2,637 | €3,154 | +€517 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,072 | -€996 | +€57,076 | +98.3% |
| Profit (loss) for the period | 9904 | -€58,072 | -€996 | +€57,076 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,072 | -€996 | +€57,076 | +98.3% |
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 8 October 2026 via checked.be.