WHILE-TRUE: 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.
WHILE-TRUE
Largest movements
- Receivables within one year -€10,892
down €10,892 (-32.2%), from €33,779 to €22,887
of which Trade receivables: -€17,252
- Profit (loss) carried forward -€12,052
down €12,052 (-22.1%), from €54,588 to €42,535
- Other debts +€2,096
up €2,096 (+12.0%), from €17,534 to €19,630
- Accrued charges and deferred income -€1,150
no longer reported in 2025 (was €1,150)
- Write-downs +€44,000
new in 2025: €44,000
- Taxes -€7,365
down €7,365, from €7,358 to -€7
- Gross operating margin -€2,336
down €2,336 (-6.5%), from €36,170 to €33,833
- Financial charges +€1,279
up €1,279 (+1,350%), from €95 to €1,373
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 | €75,241 | €64,450 | -€10,791 | -14.3% |
| Current assets | 29/58 | €75,241 | €64,450 | -€10,791 | -14.3% |
| Amounts receivable within one year | 40/41 | €33,779 | €22,887 | -€10,892 | -32.2% |
| Trade receivables | 40 | €30,139 | €12,887 | -€17,252 | -57.2% |
| Other amounts receivable | 41 | €3,640 | €10,000 | +€6,360 | +175% |
| Cash at bank and in hand | 54/58 | €41,461 | €41,562 | +€101 | +0.2% |
| Total equity and liabilities | 10/49 | €75,241 | €64,450 | -€10,791 | -14.3% |
| Equity | 10/15 | €55,588 | €43,535 | -€12,052 | -21.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,588 | €42,535 | -€12,052 | -22.1% |
| Amounts payable | 17/49 | €19,653 | €20,914 | +€1,262 | +6.4% |
| Amounts payable within one year | 42/48 | €18,503 | €20,914 | +€2,412 | +13.0% |
| Trade debts | 44 | €179 | €400 | +€221 | +123% |
| Suppliers | 440/4 | €179 | €400 | +€221 | +123% |
| Taxes, remuneration and social security | 45 | €790 | €885 | +€95 | +12.0% |
| Taxes | 450/3 | €440 | €885 | +€445 | +101% |
| Remuneration and social security | 454/9 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €17,534 | €19,630 | +€2,096 | +12.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | - | -€1,150 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,000 | +€44,000 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,170 | €33,833 | -€2,336 | -6.5% |
| Operating profit (loss) | 9901 | €35,664 | -€10,686 | -€46,351 | |
| Financial charges | 65/66B | €95 | €1,373 | +€1,279 | +1,350% |
| Recurring financial charges | 65 | €95 | €1,373 | +€1,279 | +1,350% |
| Profit (loss) for the period before taxes | 9903 | €35,570 | -€12,060 | -€47,629 | |
| Income taxes | 67/77 | €7,358 | -€7 | -€7,365 | |
| Profit (loss) for the period | 9904 | €28,212 | -€12,052 | -€40,264 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,212 | -€12,052 | -€40,264 |
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 21 October 2026 via checked.be.