ZOOM: 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.
ZOOM
Largest movements
- Cash +€11,126
up €11,126 (+151%), from €7,385 to €18,511
mainly Receivables after one year (+€10,538) and Depreciation (+€9,974)
- Receivables after one year -€10,538
down €10,538 (-20.8%), from €50,713 to €40,175
- Receivables within one year -€9,573
down €9,573 (-21.3%), from €44,964 to €35,391
of which Trade receivables: -€11,052
- Tangible fixed assets -€7,791
down €7,791 (-20.6%), from €37,740 to €29,949
of which Furniture and vehicles: -€9,941
- Deferred charges and accrued income +€2,526
up €2,526 (+128%), from €1,978 to €4,504
- Tax, wage and social debts -€11,547
down €11,547 (-58.5%), from €19,737 to €8,190
of which Taxes: -€11,458
- Reserves -€5,482
down €5,482 (-5.2%), from €105,181 to €99,700
- Trade debts +€3,086
up €3,086 (+30.2%), from €10,232 to €13,318
- Gross operating margin -€5,029
down €5,029 (-17.1%), from €29,360 to €24,331
- Financial charges +€1,568
up €1,568 (+91.2%), from €1,720 to €3,289
- Taxes -€1,494
down €1,494 (-25.7%), from €5,809 to €4,315
- Depreciation +€1,483
up €1,483 (+17.5%), from €8,491 to €9,974
- Other operating charges +€755
up €755 (+66.9%), from €1,127 to €1,882
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.
Derived cash bridge
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 | €142,780 | €128,530 | -€14,250 | -10.0% |
| Fixed assets | 21/28 | €37,740 | €29,949 | -€7,791 | -20.6% |
| Tangible fixed assets | 22/27 | €37,740 | €29,949 | -€7,791 | -20.6% |
| Plant, machinery and equipment | 23 | - | €2,150 | +€2,150 | |
| Furniture and vehicles | 24 | €37,740 | €27,799 | -€9,941 | -26.3% |
| Current assets | 29/58 | €105,041 | €98,581 | -€6,459 | -6.1% |
| Amounts receivable after more than one year | 29 | €50,713 | €40,175 | -€10,538 | -20.8% |
| Other amounts receivable | 291 | €50,713 | €40,175 | -€10,538 | -20.8% |
| Amounts receivable within one year | 40/41 | €44,964 | €35,391 | -€9,573 | -21.3% |
| Trade receivables | 40 | €36,687 | €25,635 | -€11,052 | -30.1% |
| Other amounts receivable | 41 | €8,277 | €9,756 | +€1,479 | +17.9% |
| Cash at bank and in hand | 54/58 | €7,385 | €18,511 | +€11,126 | +151% |
| Deferred charges and accrued income | 490/1 | €1,978 | €4,504 | +€2,526 | +128% |
| Total equity and liabilities | 10/49 | €142,780 | €128,530 | -€14,250 | -10.0% |
| Equity | 10/15 | €111,381 | €105,900 | -€5,482 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,181 | €99,700 | -€5,482 | -5.2% |
| Distributable reserves | 133 | €105,181 | €99,700 | -€5,482 | -5.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,399 | €22,630 | -€8,769 | -27.9% |
| Amounts payable within one year | 42/48 | €31,307 | €22,543 | -€8,764 | -28.0% |
| Trade debts | 44 | €10,232 | €13,318 | +€3,086 | +30.2% |
| Suppliers | 440/4 | €10,232 | €13,318 | +€3,086 | +30.2% |
| Taxes, remuneration and social security | 45 | €19,737 | €8,190 | -€11,547 | -58.5% |
| Taxes | 450/3 | €17,647 | €6,190 | -€11,458 | -64.9% |
| Remuneration and social security | 454/9 | €2,089 | €2,000 | -€89 | -4.3% |
| Other amounts payable | 47/48 | €1,339 | €1,035 | -€303 | -22.6% |
| Accrued charges and deferred income | 492/3 | €91 | €87 | -€4 | -4.7% |
| Non-recurring operating income | 76A | €3,893 | €0 | -€3,893 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,491 | €9,974 | +€1,483 | +17.5% |
| Other operating charges | 640/8 | €1,127 | €1,882 | +€755 | +66.9% |
| Gross operating margin | 9900 | €29,360 | €24,331 | -€5,029 | -17.1% |
| Operating profit (loss) | 9901 | €19,741 | €12,474 | -€7,267 | -36.8% |
| Financial income | 75/76B | €847 | €740 | -€107 | -12.7% |
| Recurring financial income | 75 | €847 | €740 | -€107 | -12.7% |
| Financial charges | 65/66B | €1,720 | €3,289 | +€1,568 | +91.2% |
| Recurring financial charges | 65 | €1,720 | €3,289 | +€1,568 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €18,868 | €9,926 | -€8,943 | -47.4% |
| Income taxes | 67/77 | €5,809 | €4,315 | -€1,494 | -25.7% |
| Profit (loss) for the period | 9904 | €13,059 | €5,611 | -€7,448 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,059 | €5,611 | -€7,448 | -57.0% |
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 15 October 2026 via checked.be.