EXCEPTION: 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.
EXCEPTION
Largest movements
- Cash -€18,706
down €18,706 (-32.6%), from €57,363 to €38,657
mainly Tax, wage and social debts (-€9,218) and Trade debts (-€8,229)
- Tangible fixed assets -€11,504
down €11,504 (-75.3%), from €15,286 to €3,782
- Deferred charges and accrued income +€2,882
up €2,882 (+25.2%), from €11,417 to €14,299
- Receivables within one year +€1,696
up €1,696 (+49.6%), from €3,416 to €5,112
- Tax, wage and social debts -€9,218
down €9,218 (-14.8%), from €62,113 to €52,895
of which Remuneration and social security: -€10,002
- Trade debts -€8,229
down €8,229 (-18.4%), from €44,631 to €36,401
- Current portion of long-term debt -€5,250
down €5,250 (-58.3%), from €9,000 to €3,750
- Debts after one year -€3,750
down €3,750 (-45.8%), from €8,190 to €4,440
of which Financial debts: -€3,750
- Gross operating margin +€37,721
up €37,721 (+22.0%), from €171,803 to €209,524
- Staff costs +€36,181
up €36,181 (+22.1%), from €164,008 to €200,189
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 | €135,606 | €109,973 | -€25,632 | -18.9% |
| Fixed assets | 21/28 | €15,286 | €3,782 | -€11,504 | -75.3% |
| Tangible fixed assets | 22/27 | €15,286 | €3,782 | -€11,504 | -75.3% |
| Furniture and vehicles | 24 | €15,286 | €3,782 | -€11,504 | -75.3% |
| Current assets | 29/58 | €120,320 | €106,191 | -€14,128 | -11.7% |
| Stocks and contracts in progress | 3 | €48,124 | €48,124 | = | 0.0% |
| Stocks | 30/36 | €48,124 | €48,124 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,416 | €5,112 | +€1,696 | +49.6% |
| Other amounts receivable | 41 | €3,416 | €5,112 | +€1,696 | +49.6% |
| Cash at bank and in hand | 54/58 | €57,363 | €38,657 | -€18,706 | -32.6% |
| Deferred charges and accrued income | 490/1 | €11,417 | €14,299 | +€2,882 | +25.2% |
| Total equity and liabilities | 10/49 | €135,606 | €109,973 | -€25,632 | -18.9% |
| Equity | 10/15 | €11,673 | €11,457 | -€216 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,337 | €25,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €23,478 | €23,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,257 | -€32,473 | -€216 | -0.7% |
| Amounts payable | 17/49 | €123,933 | €98,517 | -€25,417 | -20.5% |
| Amounts payable after more than one year | 17 | €8,190 | €4,440 | -€3,750 | -45.8% |
| Financial debts | 170/4 | €3,750 | - | -€3,750 | |
| Other amounts payable | 178/9 | €4,440 | €4,440 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,743 | €94,077 | -€21,667 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €3,750 | -€5,250 | -58.3% |
| Trade debts | 44 | €44,631 | €36,401 | -€8,229 | -18.4% |
| Suppliers | 440/4 | €44,631 | €36,401 | -€8,229 | -18.4% |
| Taxes, remuneration and social security | 45 | €62,113 | €52,895 | -€9,218 | -14.8% |
| Taxes | 450/3 | €22,849 | €23,633 | +€784 | +3.4% |
| Remuneration and social security | 454/9 | €39,263 | €29,262 | -€10,002 | -25.5% |
| Other amounts payable | 47/48 | - | €1,031 | +€1,031 | |
| Remuneration, social security and pensions | 62 | €164,008 | €200,189 | +€36,181 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,504 | €11,504 | = | 0.0% |
| Other operating charges | 640/8 | €775 | €804 | +€28 | +3.7% |
| Gross operating margin | 9900 | €171,803 | €209,524 | +€37,721 | +22.0% |
| Operating profit (loss) | 9901 | -€4,485 | -€2,974 | +€1,512 | +33.7% |
| Financial income | 75/76B | €11,135 | €13,058 | +€1,923 | +17.3% |
| Recurring financial income | 75 | €11,135 | €13,058 | +€1,923 | +17.3% |
| Financial charges | 65/66B | €6,896 | €5,600 | -€1,296 | -18.8% |
| Recurring financial charges | 65 | €6,896 | €5,600 | -€1,296 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€246 | €4,484 | +€4,730 | |
| Income taxes | 67/77 | €3,365 | €4,700 | +€1,335 | +39.7% |
| Profit (loss) for the period | 9904 | -€3,611 | -€216 | +€3,395 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,611 | -€216 | +€3,395 | +94.0% |
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 21 October 2026 via checked.be.