Wrap-signs: 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.
Wrap-signs
Largest movements
- Intangible fixed assets -€10,400
down €10,400 (-31.2%), from €33,291 to €22,891
- Receivables within one year +€5,660
up €5,660 (+32.5%), from €17,394 to €23,054
of which Trade receivables: +€3,171
- Tangible fixed assets -€1,493
down €1,493 (-19.3%), from €7,719 to €6,226
- Profit (loss) carried forward -€26,251
down €26,251 (-171.9%), from -€15,275 to -€41,527
- Trade debts +€22,734
up €22,734 (+64.8%), from €35,061 to €57,795
- Debts after one year -€9,318
down €9,318 (-41.2%), from €22,595 to €13,277
- Short-term financial debts +€5,549
up €5,549 (+125.2%), from €4,431 to €9,980
- Gross operating margin -€21,161
down €21,161, from €15,006 to -€6,155
- Financial charges -€343
down €343 (-11.1%), from €3,076 to €2,734
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
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 | €69,222 | €62,083 | -€7,139 | -10.3% |
| Formation expenses | 20 | €1,674 | €1,164 | -€510 | -30.5% |
| Fixed assets | 21/28 | €41,010 | €29,116 | -€11,893 | -29.0% |
| Intangible fixed assets | 21 | €33,291 | €22,891 | -€10,400 | -31.2% |
| Tangible fixed assets | 22/27 | €7,719 | €6,226 | -€1,493 | -19.3% |
| Plant, machinery and equipment | 23 | €7,719 | €6,226 | -€1,493 | -19.3% |
| Current assets | 29/58 | €26,539 | €31,803 | +€5,264 | +19.8% |
| Stocks and contracts in progress | 3 | €6,026 | €6,002 | -€24 | -0.4% |
| Stocks | 30/36 | €6,026 | €6,002 | -€24 | -0.4% |
| Amounts receivable within one year | 40/41 | €17,394 | €23,054 | +€5,660 | +32.5% |
| Trade receivables | 40 | €7,118 | €10,288 | +€3,171 | +44.6% |
| Other amounts receivable | 41 | €10,277 | €12,766 | +€2,489 | +24.2% |
| Deferred charges and accrued income | 490/1 | €3,119 | €2,747 | -€372 | -11.9% |
| Total equity and liabilities | 10/49 | €69,222 | €62,083 | -€7,139 | -10.3% |
| Equity | 10/15 | -€10,275 | -€36,527 | -€26,251 | -255.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,275 | -€41,527 | -€26,251 | -171.9% |
| Amounts payable | 17/49 | €79,498 | €98,610 | +€19,112 | +24.0% |
| Amounts payable after more than one year | 17 | €22,595 | €13,277 | -€9,318 | -41.2% |
| Financial debts | 170/4 | €22,595 | €13,277 | -€9,318 | -41.2% |
| Amounts payable within one year | 42/48 | €53,675 | €81,878 | +€28,204 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €8,802 | €9,318 | +€515 | +5.9% |
| Financial debts | 43 | €4,431 | €9,980 | +€5,549 | +125.2% |
| Credit institutions | 430/8 | €4,431 | €9,980 | +€5,549 | +125.2% |
| Trade debts | 44 | €35,061 | €57,795 | +€22,734 | +64.8% |
| Suppliers | 440/4 | €35,061 | €57,795 | +€22,734 | +64.8% |
| Taxes, remuneration and social security | 45 | €5,380 | €4,786 | -€594 | -11.0% |
| Taxes | 450/3 | €3,942 | €1,910 | -€2,032 | -51.6% |
| Remuneration and social security | 454/9 | €1,438 | €2,876 | +€1,438 | +100.0% |
| Accrued charges and deferred income | 492/3 | €3,228 | €3,454 | +€226 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,248 | €13,296 | +€48 | +0.4% |
| Other operating charges | 640/8 | €2,077 | €1,988 | -€89 | -4.3% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | €15,006 | -€6,155 | -€21,161 | |
| Operating profit (loss) | 9901 | -€319 | -€23,839 | -€23,520 | -7379.1% |
| Financial income | 75/76B | €321 | €453 | +€132 | +41.2% |
| Recurring financial income | 75 | €321 | €453 | +€132 | +41.2% |
| Financial charges | 65/66B | €3,076 | €2,734 | -€343 | -11.1% |
| Recurring financial charges | 65 | €3,076 | €2,734 | -€343 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,074 | -€26,119 | -€23,045 | -749.7% |
| Income taxes | 67/77 | €257 | €132 | -€125 | -48.6% |
| Profit (loss) for the period | 9904 | -€3,331 | -€26,251 | -€22,921 | -688.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,331 | -€26,251 | -€22,921 | -688.2% |
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 11 October 2026 via checked.be.