YE & TE: 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.
YE & TE
Largest movements
- Receivables within one year -€6,506
down €6,506 (-47.6%), from €13,680 to €7,174
of which Other amounts receivable: -€5,102
- Deferred charges and accrued income +€4,785
new in 2025: €4,785
- Cash -€4,440
down €4,440 (-100.0%), from €4,440 to €0
mainly Tax, wage and social debts (-€10,970) and Net result for the year (-€8,673)
- Tangible fixed assets -€481
down €481 (-7.0%), from €6,849 to €6,367
of which Plant, machinery and equipment: -€1,376
- Tax, wage and social debts -€10,970
down €10,970 (-36.6%), from €29,939 to €18,968
- Profit (loss) carried forward -€8,673
down €8,673 (-27.8%), from -€31,201 to -€39,874
- Trade debts +€6,930
up €6,930 (+27.0%), from €25,681 to €32,611
- Short-term financial debts +€5,418
new in 2025: €5,418
- Advances received +€653
new in 2025: €653
- Gross operating margin +€29,362
up €29,362 (+92.9%), from -€31,615 to -€2,253
- Financial charges +€1,569
up €1,569 (+166.2%), from €944 to €2,512
- Other operating charges +€1,455
up €1,455 (+289.2%), from €503 to €1,958
- Depreciation +€582
up €582 (+38.9%), from €1,496 to €2,078
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 | €26,568 | €19,927 | -€6,642 | -25.0% |
| Fixed assets | 21/28 | €6,849 | €6,367 | -€481 | -7.0% |
| Tangible fixed assets | 22/27 | €6,849 | €6,367 | -€481 | -7.0% |
| Land and buildings | 22 | - | €1,503 | +€1,503 | |
| Plant, machinery and equipment | 23 | €5,911 | €4,535 | -€1,376 | -23.3% |
| Furniture and vehicles | 24 | €937 | €329 | -€608 | -64.9% |
| Current assets | 29/58 | €19,720 | €13,559 | -€6,160 | -31.2% |
| Stocks and contracts in progress | 3 | €1,600 | €1,600 | = | 0.0% |
| Stocks | 30/36 | €1,600 | €1,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,680 | €7,174 | -€6,506 | -47.6% |
| Trade receivables | 40 | €2,636 | €1,232 | -€1,404 | -53.3% |
| Other amounts receivable | 41 | €11,044 | €5,943 | -€5,102 | -46.2% |
| Cash at bank and in hand | 54/58 | €4,440 | €0 | -€4,440 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €4,785 | +€4,785 | |
| Total equity and liabilities | 10/49 | €26,568 | €19,927 | -€6,642 | -25.0% |
| Equity | 10/15 | -€29,201 | -€37,874 | -€8,673 | -29.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,201 | -€39,874 | -€8,673 | -27.8% |
| Amounts payable | 17/49 | €55,769 | €57,801 | +€2,031 | +3.6% |
| Amounts payable within one year | 42/48 | €55,619 | €57,651 | +€2,031 | +3.7% |
| Financial debts | 43 | - | €5,418 | +€5,418 | |
| Credit institutions | 430/8 | - | €5,418 | +€5,418 | |
| Trade debts | 44 | €25,681 | €32,611 | +€6,930 | +27.0% |
| Suppliers | 440/4 | €25,681 | €32,611 | +€6,930 | +27.0% |
| Advances received on contracts in progress | 46 | - | €653 | +€653 | |
| Taxes, remuneration and social security | 45 | €29,939 | €18,968 | -€10,970 | -36.6% |
| Taxes | 450/3 | €29,939 | €18,968 | -€10,970 | -36.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €150 | €150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €2,078 | +€582 | +38.9% |
| Other operating charges | 640/8 | €503 | €1,958 | +€1,455 | +289.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€31,615 | -€2,253 | +€29,362 | +92.9% |
| Operating profit (loss) | 9901 | -€33,614 | -€6,289 | +€27,325 | +81.3% |
| Financial income | 75/76B | €52 | €128 | +€77 | +148.6% |
| Recurring financial income | 75 | €52 | €128 | +€77 | +148.6% |
| Financial charges | 65/66B | €944 | €2,512 | +€1,569 | +166.2% |
| Recurring financial charges | 65 | €944 | €2,512 | +€1,569 | +166.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,506 | -€8,673 | +€25,833 | +74.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,506 | -€8,673 | +€25,833 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,506 | -€8,673 | +€25,833 | +74.9% |
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.