WORKTODO: 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.
WORKTODO
Largest movements
- Tangible fixed assets -€37,255
down €37,255 (-8.9%), from €417,261 to €380,006
of which Land and buildings: -€38,428
- Receivables within one year -€30,295
down €30,295 (-15.9%), from €191,090 to €160,795
of which Trade receivables: -€28,560
- Debts after one year -€56,359
down €56,359 (-15.0%), from €376,160 to €319,801
of which Other amounts payable: -€30,000
- Reserves -€16,962
down €16,962 (-9.2%), from €185,268 to €168,307
of which Tax-exempt reserves: -€16,962
- Trade debts +€10,998
up €10,998 (+8.0%), from €136,927 to €147,926
- Profit (loss) carried forward +€8,217
up €8,217 (+4.5%), from -€183,438 to -€175,221
- Other debts -€6,610
down €6,610 (-53.0%), from €12,474 to €5,864
- Gross operating margin +€14,083
up €14,083 (+44.4%), from €31,691 to €45,774
- Financial charges +€9,154
up €9,154 (+232.1%), from €3,944 to €13,098
- Other operating charges +€4,261
up €4,261 (+107.7%), from €3,958 to €8,219
- Depreciation +€4,142
up €4,142 (+11.9%), from €34,739 to €38,881
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 | €610,067 | €547,676 | -€62,391 | -10.2% |
| Fixed assets | 21/28 | €417,261 | €380,006 | -€37,255 | -8.9% |
| Tangible fixed assets | 22/27 | €417,261 | €380,006 | -€37,255 | -8.9% |
| Land and buildings | 22 | €417,261 | €378,832 | -€38,428 | -9.2% |
| Plant, machinery and equipment | 23 | - | €1,173 | +€1,173 | |
| Current assets | 29/58 | €192,807 | €167,671 | -€25,136 | -13.0% |
| Amounts receivable within one year | 40/41 | €191,090 | €160,795 | -€30,295 | -15.9% |
| Trade receivables | 40 | €189,355 | €160,795 | -€28,560 | -15.1% |
| Other amounts receivable | 41 | €1,735 | €0 | -€1,735 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,158 | €1,836 | +€678 | +58.6% |
| Deferred charges and accrued income | 490/1 | €559 | €5,039 | +€4,480 | +801.4% |
| Total equity and liabilities | 10/49 | €610,067 | €547,676 | -€62,391 | -10.2% |
| Equity | 10/15 | €11,691 | €2,947 | -€8,744 | -74.8% |
| Contributions | 10/11 | €9,861 | €9,861 | = | 0.0% |
| Reserves | 13 | €185,268 | €168,307 | -€16,962 | -9.2% |
| Tax-exempt reserves | 132 | €179,511 | €162,549 | -€16,962 | -9.4% |
| Distributable reserves | 133 | €5,758 | €5,758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,438 | -€175,221 | +€8,217 | +4.5% |
| Provisions and deferred taxes | 16 | €59,837 | €54,183 | -€5,654 | -9.4% |
| Deferred taxes | 168 | €59,837 | €54,183 | -€5,654 | -9.4% |
| Amounts payable | 17/49 | €538,539 | €490,546 | -€47,993 | -8.9% |
| Amounts payable after more than one year | 17 | €376,160 | €319,801 | -€56,359 | -15.0% |
| Financial debts | 170/4 | €111,160 | €84,801 | -€26,359 | -23.7% |
| Other amounts payable | 178/9 | €265,000 | €235,000 | -€30,000 | -11.3% |
| Amounts payable within one year | 42/48 | €162,379 | €170,366 | +€7,987 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €12,978 | €13,359 | +€381 | +2.9% |
| Trade debts | 44 | €136,927 | €147,926 | +€10,998 | +8.0% |
| Suppliers | 440/4 | €136,927 | €147,926 | +€10,998 | +8.0% |
| Taxes, remuneration and social security | 45 | €0 | €3,217 | +€3,217 | |
| Taxes | 450/3 | €0 | €3,217 | +€3,217 | |
| Other amounts payable | 47/48 | €12,474 | €5,864 | -€6,610 | -53.0% |
| Accrued charges and deferred income | 492/3 | - | €380 | +€380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,739 | €38,881 | +€4,142 | +11.9% |
| Other operating charges | 640/8 | €3,958 | €8,219 | +€4,261 | +107.7% |
| Gross operating margin | 9900 | €31,691 | €45,774 | +€14,083 | +44.4% |
| Operating profit (loss) | 9901 | -€7,005 | -€1,326 | +€5,679 | +81.1% |
| Financial income | 75/76B | €82 | €26 | -€56 | -68.5% |
| Recurring financial income | 75 | €82 | €26 | -€56 | -68.5% |
| Financial charges | 65/66B | €3,944 | €13,098 | +€9,154 | +232.1% |
| Recurring financial charges | 65 | €3,944 | €13,098 | +€9,154 | +232.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,867 | -€14,398 | -€3,531 | -32.5% |
| Transfer from deferred taxes | 780 | €5,654 | €5,654 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,213 | -€8,744 | -€3,531 | -67.7% |
| Transfer from tax-exempt reserves | 789 | €16,962 | €16,962 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,748 | €8,217 | -€3,531 | -30.1% |
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 9 October 2026 via checked.be.