Wheelhouse: 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.
Wheelhouse
Largest movements
- Receivables within one year -€74,987
down €74,987 (-97.8%), from €76,699 to €1,712
of which Trade receivables: -€62,402
- Tangible fixed assets -€4,537
no longer reported in 2025 (was €4,537)
- Cash -€1,754
down €1,754 (-27.7%), from €6,337 to €4,583
mainly Trade debts (-€51,344) and Net result for the year (-€31,168)
- Trade debts -€51,344
down €51,344 (-96.4%), from €53,266 to €1,922
- Profit (loss) carried forward -€31,168
down €31,168 (-7.4%), from -€421,715 to -€452,883
- Other debts +€19,057
up €19,057 (+5.1%), from €370,224 to €389,282
- Tax, wage and social debts -€18,311
down €18,311 (-93.5%), from €19,594 to €1,283
of which Taxes: -€18,301
- Turnover -€502,460
no longer reported in 2025 (was €502,460)
- Gross operating margin -€296,205
down €296,205, from €286,742 to -€9,464
- Staff costs -€274,576
no longer reported in 2025 (was €274,576)
- Purchases and services -€211,494
down €211,494 (-94.9%), from €222,788 to €11,294
- Financial charges -€9,715
down €9,715 (-33.6%), from €28,947 to €19,232
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 | €89,569 | €7,804 | -€81,765 | -91.3% |
| Fixed assets | 21/28 | €4,537 | - | -€4,537 | |
| Tangible fixed assets | 22/27 | €4,537 | - | -€4,537 | |
| Plant, machinery and equipment | 23 | €4,537 | - | -€4,537 | |
| Current assets | 29/58 | €85,032 | €7,804 | -€77,228 | -90.8% |
| Amounts receivable within one year | 40/41 | €76,699 | €1,712 | -€74,987 | -97.8% |
| Trade receivables | 40 | €62,414 | €12 | -€62,402 | -100.0% |
| Other amounts receivable | 41 | €14,285 | €1,699 | -€12,586 | -88.1% |
| Cash at bank and in hand | 54/58 | €6,337 | €4,583 | -€1,754 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,996 | €1,509 | -€487 | -24.4% |
| Total equity and liabilities | 10/49 | €89,569 | €7,804 | -€81,765 | -91.3% |
| Equity | 10/15 | -€353,515 | -€384,683 | -€31,168 | -8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€421,715 | -€452,883 | -€31,168 | -7.4% |
| Amounts payable | 17/49 | €443,084 | €392,487 | -€50,597 | -11.4% |
| Amounts payable within one year | 42/48 | €443,084 | €392,487 | -€50,597 | -11.4% |
| Trade debts | 44 | €53,266 | €1,922 | -€51,344 | -96.4% |
| Suppliers | 440/4 | €53,266 | €1,922 | -€51,344 | -96.4% |
| Taxes, remuneration and social security | 45 | €19,594 | €1,283 | -€18,311 | -93.5% |
| Taxes | 450/3 | €19,583 | €1,283 | -€18,301 | -93.4% |
| Remuneration and social security | 454/9 | €11 | - | -€11 | |
| Other amounts payable | 47/48 | €370,224 | €389,282 | +€19,057 | +5.1% |
| Turnover | 70 | €502,460 | - | -€502,460 | |
| Non-recurring operating income | 76A | €1,174 | €1,328 | +€154 | +13.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €222,788 | €11,294 | -€211,494 | -94.9% |
| Remuneration, social security and pensions | 62 | €274,576 | - | -€274,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,097 | €670 | -€5,427 | -89.0% |
| Other operating charges | 640/8 | €3,740 | €252 | -€3,488 | -93.3% |
| Non-recurring operating charges | 66A | €1,619 | €1,550 | -€68 | -4.2% |
| Gross operating margin | 9900 | €286,742 | -€9,464 | -€296,205 | |
| Operating profit (loss) | 9901 | €711 | -€11,936 | -€12,647 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €28,947 | €19,232 | -€9,715 | -33.6% |
| Recurring financial charges | 65 | €28,947 | €19,232 | -€9,715 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,235 | -€31,168 | -€2,933 | -10.4% |
| Income taxes | 67/77 | €1,283 | - | -€1,283 | |
| Profit (loss) for the period | 9904 | -€29,519 | -€31,168 | -€1,649 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,519 | -€31,168 | -€1,649 | -5.6% |
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 22 October 2026 via checked.be.