WE REBUILD: 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 REBUILD
Largest movements
- Tangible fixed assets -€10,968
down €10,968 (-32.8%), from €33,451 to €22,483
of which Furniture and vehicles: -€10,698
- Receivables within one year -€2,229
down €2,229 (-26.9%), from €8,298 to €6,069
of which Other amounts receivable: -€4,948
- Deferred charges and accrued income +€1,955
up €1,955 (+279%), from €700 to €2,654
- Cash +€1,225
up €1,225 (+344%), from €356 to €1,581
mainly Depreciation (+€10,968) and Receivables within one year (+€2,229)
- Reserves -€8,454
down €8,454 (-90.2%), from €9,368 to €914
- Debts after one year -€4,710
down €4,710 (-36.7%), from €12,850 to €8,140
- Tax, wage and social debts +€2,065
up €2,065, from €0 to €2,065
of which Remuneration and social security: +€2,065
- Trade debts +€558
up €558 (+76.5%), from €730 to €1,289
- Depreciation +€1,991
up €1,991 (+22.2%), from €8,977 to €10,968
- Other operating charges -€1,484
down €1,484 (-39.7%), from €3,734 to €2,250
- Financial charges +€582
up €582 (+94.0%), from €619 to €1,200
- Gross operating margin +€379
up €379 (+6.2%), from €6,103 to €6,483
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 | €42,804 | €32,787 | -€10,017 | -23.4% |
| Fixed assets | 21/28 | €33,451 | €22,483 | -€10,968 | -32.8% |
| Tangible fixed assets | 22/27 | €33,451 | €22,483 | -€10,968 | -32.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €31,022 | €20,324 | -€10,698 | -34.5% |
| Other tangible fixed assets | 26 | €2,429 | €2,159 | -€270 | -11.1% |
| Current assets | 29/58 | €9,354 | €10,304 | +€951 | +10.2% |
| Amounts receivable within one year | 40/41 | €8,298 | €6,069 | -€2,229 | -26.9% |
| Trade receivables | 40 | €1,780 | €4,499 | +€2,719 | +153% |
| Other amounts receivable | 41 | €6,518 | €1,570 | -€4,948 | -75.9% |
| Cash at bank and in hand | 54/58 | €356 | €1,581 | +€1,225 | +344% |
| Deferred charges and accrued income | 490/1 | €700 | €2,654 | +€1,955 | +279% |
| Total equity and liabilities | 10/49 | €42,804 | €32,787 | -€10,017 | -23.4% |
| Equity | 10/15 | €10,368 | €1,914 | -€8,454 | -81.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,368 | €914 | -€8,454 | -90.2% |
| Distributable reserves | 133 | €9,368 | €914 | -€8,454 | -90.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €32,436 | €30,873 | -€1,563 | -4.8% |
| Amounts payable after more than one year | 17 | €12,850 | €8,140 | -€4,710 | -36.7% |
| Financial debts | 170/4 | €12,850 | €8,140 | -€4,710 | -36.7% |
| Amounts payable within one year | 42/48 | €19,587 | €22,733 | +€3,147 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €4,402 | €4,710 | +€308 | +7.0% |
| Trade debts | 44 | €730 | €1,289 | +€558 | +76.5% |
| Suppliers | 440/4 | €730 | €1,289 | +€558 | +76.5% |
| Taxes, remuneration and social security | 45 | €0 | €2,065 | +€2,065 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €2,065 | +€2,065 | |
| Other amounts payable | 47/48 | €14,454 | €14,670 | +€215 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,977 | €10,968 | +€1,991 | +22.2% |
| Other operating charges | 640/8 | €3,734 | €2,250 | -€1,484 | -39.7% |
| Gross operating margin | 9900 | €6,103 | €6,483 | +€379 | +6.2% |
| Operating profit (loss) | 9901 | -€6,608 | -€6,735 | -€128 | -1.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €619 | €1,200 | +€582 | +94.0% |
| Recurring financial charges | 65 | €619 | €1,200 | +€582 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,226 | -€7,936 | -€709 | -9.8% |
| Income taxes | 67/77 | €518 | €518 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,745 | -€8,454 | -€709 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,745 | -€8,454 | -€709 | -9.2% |
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 16 October 2026 via checked.be.