Working The Dots: 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.
Working The Dots
Largest movements
- Receivables within one year -€13,704
down €13,704 (-29.7%), from €46,085 to €32,381
of which Other amounts receivable: -€10,981
- Cash -€3,473
no longer reported in 2025 (was €3,473)
mainly Net result for the year (-€21,886) and Tax, wage and social debts (-€12,852)
- Deferred charges and accrued income +€3,254
up €3,254 (+62.4%), from €5,216 to €8,470
- Trade debts +€18,329
up €18,329 (+1,960%), from €935 to €19,264
- Reserves -€17,743
down €17,743 (-65.6%), from €27,044 to €9,301
- Tax, wage and social debts -€12,852
down €12,852 (-69.2%), from €18,577 to €5,725
- Profit (loss) carried forward -€4,143
new in 2025: -€4,143
- Short-term financial debts +€3,704
new in 2025: €3,704
- Gross operating margin -€43,184
down €43,184, from €24,694 to -€18,490
- Taxes -€5,609
down €5,609 (-95.7%), from €5,863 to €254
- Financial income -€897
down €897 (-37.5%), from €2,389 to €1,492
- Depreciation +€445
up €445 (+95.8%), from €464 to €909
- Financial charges +€391
up €391 (+29.8%), from €1,312 to €1,704
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 | €55,334 | €41,837 | -€13,497 | -24.4% |
| Fixed assets | 21/28 | €560 | €986 | +€426 | +75.9% |
| Tangible fixed assets | 22/27 | €560 | €986 | +€426 | +75.9% |
| Furniture and vehicles | 24 | - | €890 | +€890 | |
| Other tangible fixed assets | 26 | €560 | €96 | -€464 | -82.8% |
| Current assets | 29/58 | €54,774 | €40,851 | -€13,923 | -25.4% |
| Amounts receivable within one year | 40/41 | €46,085 | €32,381 | -€13,704 | -29.7% |
| Trade receivables | 40 | €13,172 | €10,450 | -€2,722 | -20.7% |
| Other amounts receivable | 41 | €32,913 | €21,931 | -€10,981 | -33.4% |
| Cash at bank and in hand | 54/58 | €3,473 | - | -€3,473 | |
| Deferred charges and accrued income | 490/1 | €5,216 | €8,470 | +€3,254 | +62.4% |
| Total equity and liabilities | 10/49 | €55,334 | €41,837 | -€13,497 | -24.4% |
| Equity | 10/15 | €30,044 | €8,158 | -€21,886 | -72.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,044 | €9,301 | -€17,743 | -65.6% |
| Distributable reserves | 133 | €27,044 | €9,301 | -€17,743 | -65.6% |
| Profit (loss) carried forward | 14 | - | -€4,143 | -€4,143 | |
| Amounts payable | 17/49 | €25,290 | €33,679 | +€8,389 | +33.2% |
| Amounts payable within one year | 42/48 | €25,290 | €33,638 | +€8,347 | +33.0% |
| Financial debts | 43 | - | €3,704 | +€3,704 | |
| Credit institutions | 430/8 | - | €3,704 | +€3,704 | |
| Trade debts | 44 | €935 | €19,264 | +€18,329 | +1,960% |
| Suppliers | 440/4 | €935 | €19,264 | +€18,329 | +1,960% |
| Taxes, remuneration and social security | 45 | €18,577 | €5,725 | -€12,852 | -69.2% |
| Taxes | 450/3 | €18,577 | €5,725 | -€12,852 | -69.2% |
| Other amounts payable | 47/48 | €5,779 | €4,945 | -€834 | -14.4% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €909 | +€445 | +95.8% |
| Other operating charges | 640/8 | €1,701 | €2,022 | +€320 | +18.8% |
| Gross operating margin | 9900 | €24,694 | -€18,490 | -€43,184 | |
| Operating profit (loss) | 9901 | €22,528 | -€21,421 | -€43,949 | |
| Financial income | 75/76B | €2,389 | €1,492 | -€897 | -37.5% |
| Recurring financial income | 75 | €2,389 | €1,492 | -€897 | -37.5% |
| Financial charges | 65/66B | €1,312 | €1,704 | +€391 | +29.8% |
| Recurring financial charges | 65 | €1,312 | €1,704 | +€391 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €23,605 | -€21,632 | -€45,237 | |
| Income taxes | 67/77 | €5,863 | €254 | -€5,609 | -95.7% |
| Profit (loss) for the period | 9904 | €17,743 | -€21,886 | -€39,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,743 | -€21,886 | -€39,629 |
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 14 October 2026 via checked.be.