Word Atlas: 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.
Word Atlas
Largest movements
- Current investments -€96,976
down €96,976 (-45.2%), from €214,374 to €117,398
- Cash -€5,625
down €5,625 (-11.9%), from €47,223 to €41,599
mainly Other debts (-€69,871) and Provisions (-€28,115)
- Receivables within one year +€5,356
up €5,356 (+8.1%), from €65,755 to €71,111
of which Trade receivables: +€7,488
- Other debts -€69,871
down €69,871 (-97.4%), from €71,771 to €1,899
- Provisions -€28,115
down €28,115 (-70.7%), from €39,760 to €11,645
- Profit (loss) carried forward +€5,674
up €5,674 (+5.0%), from €112,477 to €118,151
- Trade debts -€5,673
down €5,673 (-14.7%), from €38,695 to €33,022
- Gross operating margin -€46,760
down €46,760, from €43,689 to -€3,071
- Taxes -€22,395
down €22,395, from €9,346 to -€13,048
- Provisions +€16,413
up €16,413 (+36.9%), from -€44,528 to -€28,115
- Financial income +€7,021
up €7,021 (+1,115%), from €629 to €7,650
- Staff costs -€4,230
down €4,230 (-9.9%), from €42,761 to €38,531
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 | €328,566 | €230,243 | -€98,323 | -29.9% |
| Fixed assets | 21/28 | €694 | €135 | -€559 | -80.5% |
| Tangible fixed assets | 22/27 | €694 | €135 | -€559 | -80.5% |
| Furniture and vehicles | 24 | €694 | €135 | -€559 | -80.5% |
| Current assets | 29/58 | €327,872 | €230,108 | -€97,765 | -29.8% |
| Amounts receivable within one year | 40/41 | €65,755 | €71,111 | +€5,356 | +8.1% |
| Trade receivables | 40 | €58,734 | €66,222 | +€7,488 | +12.7% |
| Other amounts receivable | 41 | €7,021 | €4,889 | -€2,132 | -30.4% |
| Current investments | 50/53 | €214,374 | €117,398 | -€96,976 | -45.2% |
| Cash at bank and in hand | 54/58 | €47,223 | €41,599 | -€5,625 | -11.9% |
| Deferred charges and accrued income | 490/1 | €520 | €0 | -€520 | -100% |
| Total equity and liabilities | 10/49 | €328,566 | €230,243 | -€98,323 | -29.9% |
| Equity | 10/15 | €163,490 | €169,164 | +€5,674 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,012 | €46,012 | = | 0.0% |
| Distributable reserves | 133 | €46,012 | €46,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,477 | €118,151 | +€5,674 | +5.0% |
| Provisions and deferred taxes | 16 | €39,760 | €11,645 | -€28,115 | -70.7% |
| Provisions for liabilities and charges | 160/5 | €39,760 | €11,645 | -€28,115 | -70.7% |
| Other liabilities and charges | 164/5 | €39,760 | €11,645 | -€28,115 | -70.7% |
| Amounts payable | 17/49 | €125,317 | €49,434 | -€75,882 | -60.6% |
| Amounts payable within one year | 42/48 | €125,317 | €49,434 | -€75,882 | -60.6% |
| Financial debts | 43 | €485 | €285 | -€200 | -41.2% |
| Credit institutions | 430/8 | €485 | €285 | -€200 | -41.2% |
| Trade debts | 44 | €38,695 | €33,022 | -€5,673 | -14.7% |
| Suppliers | 440/4 | €38,695 | €33,022 | -€5,673 | -14.7% |
| Taxes, remuneration and social security | 45 | €14,367 | €14,228 | -€138 | -1.0% |
| Taxes | 450/3 | €4,353 | €3,810 | -€543 | -12.5% |
| Remuneration and social security | 454/9 | €10,014 | €10,418 | +€404 | +4.0% |
| Other amounts payable | 47/48 | €71,771 | €1,899 | -€69,871 | -97.4% |
| Remuneration, social security and pensions | 62 | €42,761 | €38,531 | -€4,230 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €559 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€44,528 | -€28,115 | +€16,413 | +36.9% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.1% |
| Gross operating margin | 9900 | €43,689 | -€3,071 | -€46,760 | |
| Operating profit (loss) | 9901 | €44,369 | -€14,590 | -€58,959 | |
| Financial income | 75/76B | €629 | €7,650 | +€7,021 | +1,115% |
| Recurring financial income | 75 | €629 | €7,650 | +€7,021 | +1,115% |
| Financial charges | 65/66B | €640 | €435 | -€205 | -32.1% |
| Recurring financial charges | 65 | €640 | €435 | -€205 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €44,359 | -€7,374 | -€51,733 | |
| Income taxes | 67/77 | €9,346 | -€13,048 | -€22,395 | |
| Profit (loss) for the period | 9904 | €35,012 | €5,674 | -€29,338 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,012 | €5,674 | -€29,338 | -83.8% |
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 31 October 2026 via checked.be.