Words in a box: 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.
Words in a box
Largest movements
- Receivables within one year -€29,607
down €29,607 (-43.5%), from €68,116 to €38,509
of which Other amounts receivable: -€15,740
- Tangible fixed assets -€23,823
down €23,823 (-54.6%), from €43,626 to €19,802
- Other debts -€18,200
down €18,200 (-70.0%), from €26,000 to €7,800
- Debts after one year -€13,690
down €13,690 (-48.6%), from €28,192 to €14,502
- Profit (loss) carried forward -€13,497
down €13,497, from €992 to -€12,505
- Current portion of long-term debt -€3,408
down €3,408 (-51.2%), from €6,650 to €3,243
- Tax, wage and social debts -€3,350
down €3,350 (-14.7%), from €22,864 to €19,514
- Gross operating margin -€40,475
down €40,475 (-81.4%), from €49,703 to €9,228
- Other operating charges +€12,190
up €12,190 (+319%), from €3,824 to €16,014
- Taxes -€10,914
down €10,914 (-91.0%), from €11,998 to €1,084
- Depreciation -€2,722
down €2,722 (-61.7%), from €4,410 to €1,688
- Financial charges +€1,388
up €1,388 (+54.4%), from €2,552 to €3,940
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,781 | €58,851 | -€52,931 | -47.4% |
| Fixed assets | 21/28 | €43,665 | €19,842 | -€23,823 | -54.6% |
| Tangible fixed assets | 22/27 | €43,626 | €19,802 | -€23,823 | -54.6% |
| Furniture and vehicles | 24 | €43,626 | €19,802 | -€23,823 | -54.6% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €68,116 | €39,009 | -€29,107 | -42.7% |
| Amounts receivable within one year | 40/41 | €68,116 | €38,509 | -€29,607 | -43.5% |
| Trade receivables | 40 | €16,320 | €2,453 | -€13,867 | -85.0% |
| Other amounts receivable | 41 | €51,796 | €36,056 | -€15,740 | -30.4% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €111,781 | €58,851 | -€52,931 | -47.4% |
| Equity | 10/15 | €21,143 | €7,646 | -€13,497 | -63.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,751 | €7,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,391 | €4,391 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €992 | -€12,505 | -€13,497 | |
| Amounts payable | 17/49 | €90,639 | €51,205 | -€39,433 | -43.5% |
| Amounts payable after more than one year | 17 | €28,192 | €14,502 | -€13,690 | -48.6% |
| Financial debts | 170/4 | €28,192 | €14,502 | -€13,690 | -48.6% |
| Amounts payable within one year | 42/48 | €62,446 | €36,703 | -€25,743 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €6,650 | €3,243 | -€3,408 | -51.2% |
| Financial debts | 43 | €6,534 | €5,547 | -€987 | -15.1% |
| Credit institutions | 430/8 | €6,534 | €5,547 | -€987 | -15.1% |
| Trade debts | 44 | €398 | €599 | +€201 | +50.6% |
| Suppliers | 440/4 | €398 | €599 | +€201 | +50.6% |
| Taxes, remuneration and social security | 45 | €22,864 | €19,514 | -€3,350 | -14.7% |
| Taxes | 450/3 | €22,864 | €19,514 | -€3,350 | -14.7% |
| Other amounts payable | 47/48 | €26,000 | €7,800 | -€18,200 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,410 | €1,688 | -€2,722 | -61.7% |
| Other operating charges | 640/8 | €3,824 | €16,014 | +€12,190 | +319% |
| Gross operating margin | 9900 | €49,703 | €9,228 | -€40,475 | -81.4% |
| Operating profit (loss) | 9901 | €41,469 | -€8,474 | -€49,943 | |
| Financial income | 75/76B | €9 | €0 | -€8 | -96.5% |
| Recurring financial income | 75 | €9 | €0 | -€8 | -96.5% |
| Financial charges | 65/66B | €2,552 | €3,940 | +€1,388 | +54.4% |
| Recurring financial charges | 65 | €2,552 | €3,940 | +€1,388 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €38,926 | -€12,414 | -€51,339 | |
| Income taxes | 67/77 | €11,998 | €1,084 | -€10,914 | -91.0% |
| Profit (loss) for the period | 9904 | €26,927 | -€13,497 | -€40,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,927 | -€13,497 | -€40,425 |
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 1 November 2026 via checked.be.