Workroom: 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.
Workroom
Largest movements
- Cash -€307,184
down €307,184 (-56.2%), from €546,616 to €239,433
mainly Accrued charges and deferred income (-€383,110) and Net result for the year (-€102,094)
- Receivables within one year -€198,048
down €198,048 (-47.2%), from €419,951 to €221,903
of which Other amounts receivable: -€122,775
- Financial fixed assets -€15,197
down €15,197 (-29.0%), from €52,477 to €37,280
- Deferred charges and accrued income +€13,753
up €13,753 (+70.1%), from €19,618 to €33,370
- Tangible fixed assets -€13,339
down €13,339 (-23.0%), from €57,994 to €44,655
of which Furniture and vehicles: -€9,255
- Accrued charges and deferred income -€383,110
down €383,110 (-92.3%), from €414,893 to €31,784
- Reserves -€109,531
down €109,531 (-31.4%), from €348,658 to €239,127
- Trade debts -€38,710
down €38,710 (-19.6%), from €197,413 to €158,703
- Gross operating margin -€143,277
down €143,277 (-55.8%), from €256,684 to €113,407
- Staff costs +€9,061
up €9,061 (+4.9%), from €186,319 to €195,380
- Other operating charges -€7,598
down €7,598 (-87.9%), from €8,644 to €1,046
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 | €1,096,656 | €576,641 | -€520,015 | -47.4% |
| Fixed assets | 21/28 | €110,471 | €81,935 | -€28,536 | -25.8% |
| Tangible fixed assets | 22/27 | €57,994 | €44,655 | -€13,339 | -23.0% |
| Furniture and vehicles | 24 | €47,963 | €38,707 | -€9,255 | -19.3% |
| Other tangible fixed assets | 26 | €10,031 | €5,948 | -€4,084 | -40.7% |
| Financial fixed assets | 28 | €52,477 | €37,280 | -€15,197 | -29.0% |
| Current assets | 29/58 | €986,185 | €494,706 | -€491,479 | -49.8% |
| Amounts receivable within one year | 40/41 | €419,951 | €221,903 | -€198,048 | -47.2% |
| Trade receivables | 40 | €139,505 | €64,233 | -€75,273 | -54.0% |
| Other amounts receivable | 41 | €280,445 | €157,670 | -€122,775 | -43.8% |
| Cash at bank and in hand | 54/58 | €546,616 | €239,433 | -€307,184 | -56.2% |
| Deferred charges and accrued income | 490/1 | €19,618 | €33,370 | +€13,753 | +70.1% |
| Total equity and liabilities | 10/49 | €1,096,656 | €576,641 | -€520,015 | -47.4% |
| Equity | 10/15 | €452,179 | €350,085 | -€102,094 | -22.6% |
| Reserves | 13 | €348,658 | €239,127 | -€109,531 | -31.4% |
| Profit (loss) carried forward | 14 | €103,521 | €110,959 | +€7,438 | +7.2% |
| Amounts payable | 17/49 | €644,477 | €226,555 | -€417,921 | -64.8% |
| Amounts payable after more than one year | 17 | €16,332 | €19,454 | +€3,122 | +19.1% |
| Other amounts payable | 178/9 | €16,332 | €19,454 | +€3,122 | +19.1% |
| Amounts payable within one year | 42/48 | €213,252 | €175,318 | -€37,934 | -17.8% |
| Financial debts | 43 | €1,525 | €1,365 | -€160 | -10.5% |
| Credit institutions | 430/8 | €1,525 | €1,365 | -€160 | -10.5% |
| Trade debts | 44 | €197,413 | €158,703 | -€38,710 | -19.6% |
| Suppliers | 440/4 | €197,413 | €158,703 | -€38,710 | -19.6% |
| Taxes, remuneration and social security | 45 | €14,313 | €15,250 | +€937 | +6.5% |
| Taxes | 450/3 | €260 | €1,021 | +€761 | +292.6% |
| Remuneration and social security | 454/9 | €14,053 | €14,229 | +€175 | +1.2% |
| Accrued charges and deferred income | 492/3 | €414,893 | €31,784 | -€383,110 | -92.3% |
| Remuneration, social security and pensions | 62 | €186,319 | €195,380 | +€9,061 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,286 | €18,310 | +€2,023 | +12.4% |
| Other operating charges | 640/8 | €8,644 | €1,046 | -€7,598 | -87.9% |
| Non-recurring operating charges | 66A | - | €405 | +€405 | |
| Gross operating margin | 9900 | €256,684 | €113,407 | -€143,277 | -55.8% |
| Operating profit (loss) | 9901 | €45,434 | -€101,734 | -€147,168 | |
| Financial income | 75/76B | €2,632 | €2,246 | -€386 | -14.7% |
| Recurring financial income | 75 | €2,632 | €2,246 | -€386 | -14.7% |
| Financial charges | 65/66B | €2,666 | €2,606 | -€60 | -2.3% |
| Recurring financial charges | 65 | €2,666 | €2,606 | -€60 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €45,400 | -€102,094 | -€147,494 | |
| Profit (loss) for the period | 9904 | €45,400 | -€102,094 | -€147,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,400 | -€102,094 | -€147,494 |
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 29 September 2026 via checked.be.