XY: 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.
XY
Largest movements
- Receivables after one year -€13,601
down €13,601 (-20.8%), from €65,410 to €51,808
- Tangible fixed assets -€6,504
down €6,504 (-4.2%), from €155,376 to €148,872
of which Land and buildings: -€4,065
- Receivables within one year -€2,332
down €2,332 (-80.3%), from €2,904 to €572
of which Trade receivables: -€2,442
- Tax, wage and social debts -€16,721
no longer reported in 2025 (was €16,721)
of which Remuneration and social security: -€10,404
- Debts after one year -€6,407
down €6,407 (-7.2%), from €88,872 to €82,465
- Profit (loss) carried forward +€3,770
up €3,770 (+6.5%), from €57,807 to €61,577
- Trade debts -€2,622
down €2,622 (-48.3%), from €5,427 to €2,804
- Gross operating margin +€11,011
up €11,011, from -€431 to €10,580
- Depreciation -€6,788
no longer reported in 2025 (was €6,788)
- Write-downs +€6,504
new in 2025: €6,504
- Taxes -€3,656
new in 2025: -€3,656
- Other operating charges -€1,967
down €1,967 (-78.2%), from €2,515 to €548
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 | €225,423 | €203,550 | -€21,873 | -9.7% |
| Fixed assets | 21/28 | €155,376 | €148,872 | -€6,504 | -4.2% |
| Tangible fixed assets | 22/27 | €155,376 | €148,872 | -€6,504 | -4.2% |
| Land and buildings | 22 | €149,832 | €145,767 | -€4,065 | -2.7% |
| Furniture and vehicles | 24 | €2,309 | €1,248 | -€1,061 | -46.0% |
| Other tangible fixed assets | 26 | €3,235 | €1,857 | -€1,378 | -42.6% |
| Current assets | 29/58 | €70,047 | €54,678 | -€15,369 | -21.9% |
| Amounts receivable after more than one year | 29 | €65,410 | €51,808 | -€13,601 | -20.8% |
| Trade receivables | 290 | €65,410 | €51,808 | -€13,601 | -20.8% |
| Amounts receivable within one year | 40/41 | €2,904 | €572 | -€2,332 | -80.3% |
| Trade receivables | 40 | €2,904 | €462 | -€2,442 | -84.1% |
| Other amounts receivable | 41 | - | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €1,734 | €1,701 | -€33 | -1.9% |
| Deferred charges and accrued income | 490/1 | - | €597 | +€597 | |
| Total equity and liabilities | 10/49 | €225,423 | €203,550 | -€21,873 | -9.7% |
| Equity | 10/15 | €69,667 | €73,437 | +€3,770 | +5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,807 | €61,577 | +€3,770 | +6.5% |
| Amounts payable | 17/49 | €155,756 | €130,113 | -€25,643 | -16.5% |
| Amounts payable after more than one year | 17 | €88,872 | €82,465 | -€6,407 | -7.2% |
| Financial debts | 170/4 | €88,872 | €82,465 | -€6,407 | -7.2% |
| Amounts payable within one year | 42/48 | €66,884 | €47,648 | -€19,236 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €6,228 | €6,407 | +€180 | +2.9% |
| Trade debts | 44 | €5,427 | €2,804 | -€2,622 | -48.3% |
| Suppliers | 440/4 | €5,427 | €2,804 | -€2,622 | -48.3% |
| Taxes, remuneration and social security | 45 | €16,721 | - | -€16,721 | |
| Taxes | 450/3 | €6,316 | - | -€6,316 | |
| Remuneration and social security | 454/9 | €10,404 | - | -€10,404 | |
| Other amounts payable | 47/48 | €38,509 | €38,436 | -€73 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,788 | - | -€6,788 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,504 | +€6,504 | |
| Other operating charges | 640/8 | €2,515 | €548 | -€1,967 | -78.2% |
| Gross operating margin | 9900 | -€431 | €10,580 | +€11,011 | |
| Operating profit (loss) | 9901 | -€9,735 | €3,528 | +€13,263 | |
| Financial charges | 65/66B | €3,598 | €3,414 | -€184 | -5.1% |
| Recurring financial charges | 65 | €3,598 | €3,414 | -€184 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,333 | €114 | +€13,446 | |
| Income taxes | 67/77 | - | -€3,656 | -€3,656 | |
| Profit (loss) for the period | 9904 | -€13,333 | €3,770 | +€17,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,333 | €3,770 | +€17,103 |
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 1 October 2026 via checked.be.