YELLOW: 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.
YELLOW
Largest movements
- Tangible fixed assets -€35,083
down €35,083 (-13.3%), from €262,811 to €227,728
of which Furniture and vehicles: -€22,626
- Receivables within one year -€14,653
down €14,653 (-80.4%), from €18,218 to €3,565
of which Trade receivables: -€13,756
- Debts after one year -€53,967
down €53,967 (-32.7%), from €164,864 to €110,897
- Advances received -€10,449
down €10,449 (-98.6%), from €10,593 to €144
- Other debts +€8,877
up €8,877 (+26108.1%), from €34 to €8,911
- Profit (loss) carried forward +€6,184
up €6,184 (+91.5%), from €6,757 to €12,940
- Gross operating margin -€3,551
down €3,551 (-7.0%), from €50,928 to €47,377
- Depreciation +€3,096
up €3,096 (+9.7%), from €31,987 to €35,083
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 | €284,988 | €234,998 | -€49,990 | -17.5% |
| Fixed assets | 21/28 | €262,836 | €227,728 | -€35,108 | -13.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €262,811 | €227,728 | -€35,083 | -13.3% |
| Land and buildings | 22 | €191,577 | €179,121 | -€12,456 | -6.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €71,233 | €48,607 | -€22,626 | -31.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €22,152 | €7,270 | -€14,882 | -67.2% |
| Amounts receivable within one year | 40/41 | €18,218 | €3,565 | -€14,653 | -80.4% |
| Trade receivables | 40 | €17,244 | €3,489 | -€13,756 | -79.8% |
| Other amounts receivable | 41 | €974 | €76 | -€898 | -92.2% |
| Cash at bank and in hand | 54/58 | €3,934 | €3,705 | -€229 | -5.8% |
| Total equity and liabilities | 10/49 | €284,988 | €234,998 | -€49,990 | -17.5% |
| Equity | 10/15 | €55,690 | €61,874 | +€6,184 | +11.1% |
| Contributions | 10/11 | €18,933 | €18,933 | = | 0.0% |
| Revaluation surpluses | 12 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,757 | €12,940 | +€6,184 | +91.5% |
| Amounts payable | 17/49 | €229,298 | €173,124 | -€56,173 | -24.5% |
| Amounts payable after more than one year | 17 | €164,864 | €110,897 | -€53,967 | -32.7% |
| Financial debts | 170/4 | €164,864 | €110,897 | -€53,967 | -32.7% |
| Amounts payable within one year | 42/48 | €60,279 | €58,073 | -€2,207 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €44,375 | €43,967 | -€408 | -0.9% |
| Trade debts | 44 | €702 | €1,801 | +€1,099 | +156.5% |
| Suppliers | 440/4 | €702 | €1,801 | +€1,099 | +156.5% |
| Advances received on contracts in progress | 46 | €10,593 | €144 | -€10,449 | -98.6% |
| Taxes, remuneration and social security | 45 | €4,575 | €3,250 | -€1,324 | -28.9% |
| Taxes | 450/3 | €575 | €250 | -€324 | -56.4% |
| Remuneration and social security | 454/9 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Other amounts payable | 47/48 | €34 | €8,911 | +€8,877 | +26108.1% |
| Accrued charges and deferred income | 492/3 | €4,155 | €4,155 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,987 | €35,083 | +€3,096 | +9.7% |
| Other operating charges | 640/8 | €2,170 | €2,026 | -€144 | -6.6% |
| Gross operating margin | 9900 | €50,928 | €47,377 | -€3,551 | -7.0% |
| Operating profit (loss) | 9901 | €16,771 | €10,268 | -€6,503 | -38.8% |
| Financial income | 75/76B | €3 | €2 | -€1 | -25.8% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -25.8% |
| Financial charges | 65/66B | €3,807 | €3,938 | +€130 | +3.4% |
| Recurring financial charges | 65 | €3,807 | €3,938 | +€130 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €12,967 | €6,333 | -€6,634 | -51.2% |
| Income taxes | 67/77 | €164 | €149 | -€15 | -9.2% |
| Profit (loss) for the period | 9904 | €12,803 | €6,184 | -€6,619 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,803 | €6,184 | -€6,619 | -51.7% |
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 3 October 2026 via checked.be.