Welcome!: 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.
Welcome!
Largest movements
- Receivables within one year -€322,970
down €322,970 (-34.8%), from €928,639 to €605,669
of which Trade receivables: -€319,455
- Profit (loss) carried forward -€772,335
down €772,335 (-53.6%), from -€1.4m to -€2.2m
- Other debts +€362,907
up €362,907 (+20.8%), from €1.7m to €2.1m
- Trade debts +€50,090
up €50,090 (+30.1%), from €166,477 to €216,567
- Tax, wage and social debts +€33,508
up €33,508 (+11.0%), from €305,817 to €339,325
of which Remuneration and social security: +€36,730
- Goods and materials +€291,928
up €291,928 (+44.9%), from €649,555 to €941,483
- Turnover +€110,888
up €110,888 (+4.7%), from €2.4m to €2.5m
- Staff costs +€76,373
up €76,373 (+3.3%), from €2.3m to €2.4m
- Other operating income +€53,691
up €53,691 (+18.9%), from €284,460 to €338,151
- Depreciation -€34,620
down €34,620 (-83.3%), from €41,544 to €6,924
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 | €936,107 | €611,869 | -€324,238 | -34.6% |
| Fixed assets | 21/28 | €7,439 | €515 | -€6,924 | -93.1% |
| Intangible fixed assets | 21 | €6,924 | €0 | -€6,924 | -100.0% |
| Financial fixed assets | 28 | €515 | €515 | = | 0.0% |
| Affiliated companies | 280/1 | €515 | €515 | = | 0.0% |
| Participating interests | 280 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €928,668 | €611,354 | -€317,314 | -34.2% |
| Amounts receivable within one year | 40/41 | €928,639 | €605,669 | -€322,970 | -34.8% |
| Trade receivables | 40 | €918,151 | €598,696 | -€319,455 | -34.8% |
| Other amounts receivable | 41 | €10,488 | €6,973 | -€3,515 | -33.5% |
| Cash at bank and in hand | 54/58 | €29 | €5,685 | +€5,656 | +19503.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €936,107 | €611,869 | -€324,238 | -34.6% |
| Equity | 10/15 | -€1,283,582 | -€2,055,917 | -€772,335 | -60.2% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €76,227 | €76,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,056 | €8,056 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,056 | €8,056 | = | 0.0% |
| Distributable reserves | 133 | €68,171 | €68,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,440,374 | -€2,212,709 | -€772,335 | -53.6% |
| Amounts payable | 17/49 | €2,219,689 | €2,667,786 | +€448,097 | +20.2% |
| Amounts payable within one year | 42/48 | €2,216,900 | €2,663,405 | +€446,505 | +20.1% |
| Trade debts | 44 | €166,477 | €216,567 | +€50,090 | +30.1% |
| Suppliers | 440/4 | €166,477 | €216,567 | +€50,090 | +30.1% |
| Taxes, remuneration and social security | 45 | €305,817 | €339,325 | +€33,508 | +11.0% |
| Taxes | 450/3 | €45,760 | €42,538 | -€3,222 | -7.0% |
| Remuneration and social security | 454/9 | €260,057 | €296,787 | +€36,730 | +14.1% |
| Other amounts payable | 47/48 | €1,744,606 | €2,107,513 | +€362,907 | +20.8% |
| Accrued charges and deferred income | 492/3 | €2,789 | €4,381 | +€1,592 | +57.1% |
| Operating income | 70/76A | €2,753,023 | €2,971,371 | +€218,348 | +7.9% |
| Turnover | 70 | €2,356,107 | €2,466,995 | +€110,888 | +4.7% |
| Other operating income | 74 | €284,460 | €338,151 | +€53,691 | +18.9% |
| Non-recurring operating income | 76A | €112,456 | €166,225 | +€53,769 | +47.8% |
| Operating charges | 60/66A | €3,349,253 | €3,651,974 | +€302,721 | +9.0% |
| Goods for resale, raw materials and consumables | 60 | €649,555 | €941,483 | +€291,928 | +44.9% |
| Purchases | 600/8 | €649,555 | €941,483 | +€291,928 | +44.9% |
| Services and other goods | 61 | €329,837 | €300,209 | -€29,628 | -9.0% |
| Remuneration, social security and pensions | 62 | €2,326,944 | €2,403,317 | +€76,373 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,544 | €6,924 | -€34,620 | -83.3% |
| Other operating charges | 640/8 | €1,373 | €41 | -€1,332 | -97.0% |
| Operating profit (loss) | 9901 | -€596,230 | -€680,603 | -€84,373 | -14.2% |
| Financial charges | 65/66B | €82,903 | €91,732 | +€8,829 | +10.6% |
| Recurring financial charges | 65 | €82,903 | €91,732 | +€8,829 | +10.6% |
| Debt charges | 650 | €81,729 | €90,723 | +€8,994 | +11.0% |
| Other financial charges | 652/9 | €1,174 | €1,009 | -€165 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€679,133 | -€772,335 | -€93,202 | -13.7% |
| Income taxes | 67/77 | €2,074 | - | -€2,074 | |
| Taxes | 670/3 | €2,074 | - | -€2,074 | |
| Profit (loss) for the period | 9904 | -€681,207 | -€772,335 | -€91,128 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€681,207 | -€772,335 | -€91,128 | -13.4% |
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 4 October 2026 via checked.be.