WIKI: 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.
WIKI
Largest movements
- Tangible fixed assets -€361,853
down €361,853 (-50.0%), from €723,502 to €361,649
of which Other tangible fixed assets: -€325,845
- Receivables within one year -€81,832
down €81,832 (-38.1%), from €214,749 to €132,917
of which Trade receivables: -€46,079
- Stocks and contracts -€80,457
down €80,457 (-60.7%), from €132,518 to €52,061
- Deferred charges and accrued income -€68,983
down €68,983 (-58.5%), from €117,998 to €49,015
- Cash -€65,628
down €65,628 (-53.9%), from €121,774 to €56,146
mainly Net result for the year (-€317,563) and Trade debts (-€177,921)
- Profit (loss) carried forward -€317,563
down €317,563 (-58.0%), from -€547,483 to -€865,046
- Trade debts -€177,921
down €177,921 (-38.9%), from €457,506 to €279,584
- Tax, wage and social debts -€123,849
down €123,849 (-31.4%), from €394,207 to €270,358
of which Remuneration and social security: -€116,790
- Debts after one year -€113,177
down €113,177 (-60.5%), from €187,078 to €73,900
- Other debts -€81,038
down €81,038 (-25.2%), from €321,958 to €240,920
- Staff costs -€560,673
down €560,673 (-18.3%), from €3.1m to €2.5m
- Gross operating margin -€254,094
down €254,094 (-8.4%), from €3.0m to €2.8m
- Depreciation -€36,081
down €36,081 (-11.0%), from €328,751 to €292,671
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 | €1,540,282 | €802,948 | -€737,333 | -47.9% |
| Fixed assets | 21/28 | €953,244 | €512,810 | -€440,434 | -46.2% |
| Intangible fixed assets | 21 | €130,634 | €77,685 | -€52,949 | -40.5% |
| Tangible fixed assets | 22/27 | €723,502 | €361,649 | -€361,853 | -50.0% |
| Plant, machinery and equipment | 23 | €112,660 | €87,690 | -€24,970 | -22.2% |
| Furniture and vehicles | 24 | €34,825 | €23,787 | -€11,038 | -31.7% |
| Other tangible fixed assets | 26 | €576,018 | €250,173 | -€325,845 | -56.6% |
| Financial fixed assets | 28 | €99,108 | €73,475 | -€25,633 | -25.9% |
| Current assets | 29/58 | €587,038 | €290,139 | -€296,899 | -50.6% |
| Stocks and contracts in progress | 3 | €132,518 | €52,061 | -€80,457 | -60.7% |
| Stocks | 30/36 | €132,518 | €52,061 | -€80,457 | -60.7% |
| Amounts receivable within one year | 40/41 | €214,749 | €132,917 | -€81,832 | -38.1% |
| Trade receivables | 40 | €131,632 | €85,553 | -€46,079 | -35.0% |
| Other amounts receivable | 41 | €83,116 | €47,363 | -€35,753 | -43.0% |
| Cash at bank and in hand | 54/58 | €121,774 | €56,146 | -€65,628 | -53.9% |
| Deferred charges and accrued income | 490/1 | €117,998 | €49,015 | -€68,983 | -58.5% |
| Total equity and liabilities | 10/49 | €1,540,282 | €802,948 | -€737,333 | -47.9% |
| Equity | 10/15 | -€30,408 | -€372,305 | -€341,897 | -1124.4% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €285,673 | €285,673 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €267,673 | €267,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€547,483 | -€865,046 | -€317,563 | -58.0% |
| Investment grants | 15 | €51,403 | €27,069 | -€24,334 | -47.3% |
| Amounts payable | 17/49 | €1,570,689 | €1,175,253 | -€395,436 | -25.2% |
| Amounts payable after more than one year | 17 | €187,078 | €73,900 | -€113,177 | -60.5% |
| Financial debts | 170/4 | €187,078 | €73,900 | -€113,177 | -60.5% |
| Amounts payable within one year | 42/48 | €1,366,615 | €1,080,677 | -€285,938 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €190,447 | €234,461 | +€44,014 | +23.1% |
| Financial debts | 43 | €2,498 | €55,353 | +€52,856 | +2116.1% |
| Credit institutions | 430/8 | €2,498 | €55,353 | +€52,856 | +2116.1% |
| Trade debts | 44 | €457,506 | €279,584 | -€177,921 | -38.9% |
| Suppliers | 440/4 | €457,506 | €279,584 | -€177,921 | -38.9% |
| Taxes, remuneration and social security | 45 | €394,207 | €270,358 | -€123,849 | -31.4% |
| Taxes | 450/3 | €22,512 | €15,453 | -€7,059 | -31.4% |
| Remuneration and social security | 454/9 | €371,696 | €254,906 | -€116,790 | -31.4% |
| Other amounts payable | 47/48 | €321,958 | €240,920 | -€81,038 | -25.2% |
| Accrued charges and deferred income | 492/3 | €16,996 | €20,676 | +€3,679 | +21.6% |
| Non-recurring operating income | 76A | €3,250 | - | -€3,250 | |
| Remuneration, social security and pensions | 62 | €3,070,672 | €2,509,999 | -€560,673 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,751 | €292,671 | -€36,081 | -11.0% |
| Other operating charges | 640/8 | €3,345 | €4,159 | +€814 | +24.3% |
| Non-recurring operating charges | 66A | €2,623 | €228,941 | +€226,317 | +8627.1% |
| Gross operating margin | 9900 | €3,011,802 | €2,757,708 | -€254,094 | -8.4% |
| Operating profit (loss) | 9901 | -€393,591 | -€278,062 | +€115,529 | +29.4% |
| Financial income | 75/76B | €26,654 | €25,629 | -€1,025 | -3.8% |
| Recurring financial income | 75 | €26,654 | €25,629 | -€1,025 | -3.8% |
| Financial charges | 65/66B | €50,914 | €64,638 | +€13,724 | +27.0% |
| Recurring financial charges | 65 | €50,914 | €64,638 | +€13,724 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€417,851 | -€317,071 | +€100,780 | +24.1% |
| Income taxes | 67/77 | €258 | €492 | +€234 | +90.8% |
| Profit (loss) for the period | 9904 | -€418,109 | -€317,563 | +€100,545 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€418,109 | -€317,563 | +€100,545 | +24.0% |
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 3 October 2026 via checked.be.