Wire-up: what changed
Wire-up
Largest movements
- Tangible fixed assets -€19,711
down €19,711 (-26.3%), from €74,886 to €55,175
of which Furniture and vehicles: -€10,303
- Cash +€17,487
up €17,487 (+37.5%), from €46,682 to €64,168
mainly Depreciation (+€21,011) and Receivables within one year (+€6,873)
- Receivables within one year -€6,873
down €6,873 (-39.1%), from €17,592 to €10,720
of which Trade receivables: -€7,283
- Debts after one year -€8,606
down €8,606 (-30.5%), from €28,171 to €19,565
- Reserves +€5,678
up €5,678 (+81.9%), from €6,932 to €12,610
- Other debts -€5,633
down €5,633 (-6.1%), from €92,560 to €86,927
- Gross operating margin -€2,534
down €2,534 (-7.5%), from €33,838 to €31,304
- Financial charges -€478
down €478 (-22.4%), from €2,135 to €1,657
- Depreciation -€476
down €476 (-2.2%), from €21,487 to €21,011
- Taxes -€346
down €346 (-17.8%), from €1,942 to €1,596
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,540 | €136,649 | -€7,891 | -5.5% |
| Fixed assets | 21/28 | €74,886 | €55,175 | -€19,711 | -26.3% |
| Tangible fixed assets | 22/27 | €74,886 | €55,175 | -€19,711 | -26.3% |
| Plant, machinery and equipment | 23 | €846 | €30 | -€816 | -96.4% |
| Furniture and vehicles | 24 | €38,291 | €27,989 | -€10,303 | -26.9% |
| Leasing and similar rights | 25 | €35,748 | €27,156 | -€8,592 | -24.0% |
| Current assets | 29/58 | €69,655 | €81,474 | +€11,819 | +17.0% |
| Stocks and contracts in progress | 3 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Stocks | 30/36 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €17,592 | €10,720 | -€6,873 | -39.1% |
| Trade receivables | 40 | €11,056 | €3,773 | -€7,283 | -65.9% |
| Other amounts receivable | 41 | €6,536 | €6,947 | +€411 | +6.3% |
| Cash at bank and in hand | 54/58 | €46,682 | €64,168 | +€17,487 | +37.5% |
| Deferred charges and accrued income | 490/1 | €381 | €586 | +€205 | +53.9% |
| Total equity and liabilities | 10/49 | €144,540 | €136,649 | -€7,891 | -5.5% |
| Equity | 10/15 | €11,932 | €17,610 | +€5,678 | +47.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,932 | €12,610 | +€5,678 | +81.9% |
| Distributable reserves | 133 | €6,932 | €12,610 | +€5,678 | +81.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,608 | €119,039 | -€13,569 | -10.2% |
| Amounts payable after more than one year | 17 | €28,171 | €19,565 | -€8,606 | -30.5% |
| Financial debts | 170/4 | €28,171 | €19,565 | -€8,606 | -30.5% |
| Amounts payable within one year | 42/48 | €104,437 | €99,474 | -€4,963 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,178 | €8,606 | +€428 | +5.2% |
| Trade debts | 44 | €1,434 | €2,118 | +€683 | +47.6% |
| Suppliers | 440/4 | €1,434 | €2,118 | +€683 | +47.6% |
| Taxes, remuneration and social security | 45 | €2,264 | €1,823 | -€441 | -19.5% |
| Taxes | 450/3 | €814 | €373 | -€441 | -54.2% |
| Remuneration and social security | 454/9 | €1,450 | €1,450 | = | 0.0% |
| Other amounts payable | 47/48 | €92,560 | €86,927 | -€5,633 | -6.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,487 | €21,011 | -€476 | -2.2% |
| Other operating charges | 640/8 | €1,382 | €1,531 | +€149 | +10.8% |
| Gross operating margin | 9900 | €33,838 | €31,304 | -€2,534 | -7.5% |
| Operating profit (loss) | 9901 | €10,970 | €8,762 | -€2,208 | -20.1% |
| Financial income | 75/76B | €40 | €169 | +€129 | +323% |
| Recurring financial income | 75 | €40 | €169 | +€129 | +323% |
| Financial charges | 65/66B | €2,135 | €1,657 | -€478 | -22.4% |
| Recurring financial charges | 65 | €2,135 | €1,657 | -€478 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €8,874 | €7,273 | -€1,601 | -18.0% |
| Income taxes | 67/77 | €1,942 | €1,596 | -€346 | -17.8% |
| Profit (loss) for the period | 9904 | €6,932 | €5,678 | -€1,255 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,932 | €5,678 | -€1,255 | -18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.