PHOTO ACCESS: 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.
PHOTO ACCESS
Largest movements
- Receivables within one year +€162,952
up €162,952 (+1291.3%), from €12,619 to €175,572
of which Trade receivables: +€163,105
- Stocks and contracts -€19,665
down €19,665 (-19.6%), from €100,365 to €80,700
- Cash +€18,839
up €18,839 (+213.9%), from €8,807 to €27,645
mainly Trade debts (+€172,214) and Stocks and contracts (+€19,665)
- Tangible fixed assets +€11,890
up €11,890 (+395.8%), from €3,004 to €14,893
of which Furniture and vehicles: +€12,395
- Trade debts +€172,214
up €172,214 (+13923.5%), from €1,237 to €173,451
- Other debts +€14,100
up €14,100 (+18.1%), from €77,897 to €91,997
- Tax, wage and social debts -€11,425
down €11,425 (-48.4%), from €23,586 to €12,161
of which Remuneration and social security: -€6,407
- Gross operating margin +€25,534
up €25,534 (+62.1%), from €41,097 to €66,631
- Other operating charges +€15,338
up €15,338 (+769.7%), from €1,993 to €17,330
- Staff costs +€15,169
up €15,169 (+50.2%), from €30,187 to €45,357
- Taxes +€2,107
new in 2025: €2,107
- Financial charges +€1,063
up €1,063 (+227.1%), from €468 to €1,531
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 | €127,573 | €301,103 | +€173,530 | +136.0% |
| Fixed assets | 21/28 | €3,004 | €16,416 | +€13,412 | +446.5% |
| Tangible fixed assets | 22/27 | €3,004 | €14,893 | +€11,890 | +395.8% |
| Plant, machinery and equipment | 23 | €1,263 | €758 | -€505 | -40.0% |
| Furniture and vehicles | 24 | €1,740 | €14,135 | +€12,395 | +712.2% |
| Financial fixed assets | 28 | - | €1,523 | +€1,523 | |
| Current assets | 29/58 | €124,569 | €284,687 | +€160,118 | +128.5% |
| Stocks and contracts in progress | 3 | €100,365 | €80,700 | -€19,665 | -19.6% |
| Stocks | 30/36 | €100,365 | €80,700 | -€19,665 | -19.6% |
| Amounts receivable within one year | 40/41 | €12,619 | €175,572 | +€162,952 | +1291.3% |
| Trade receivables | 40 | €12,467 | €175,572 | +€163,105 | +1308.3% |
| Other amounts receivable | 41 | €152 | - | -€152 | |
| Cash at bank and in hand | 54/58 | €8,807 | €27,645 | +€18,839 | +213.9% |
| Deferred charges and accrued income | 490/1 | €2,778 | €770 | -€2,009 | -72.3% |
| Total equity and liabilities | 10/49 | €127,573 | €301,103 | +€173,530 | +136.0% |
| Equity | 10/15 | €24,853 | €23,494 | -€1,359 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,253 | €4,894 | -€1,359 | -21.7% |
| Amounts payable | 17/49 | €102,720 | €277,609 | +€174,889 | +170.3% |
| Amounts payable within one year | 42/48 | €102,720 | €277,609 | +€174,889 | +170.3% |
| Trade debts | 44 | €1,237 | €173,451 | +€172,214 | +13923.5% |
| Suppliers | 440/4 | €1,237 | €173,451 | +€172,214 | +13923.5% |
| Taxes, remuneration and social security | 45 | €23,586 | €12,161 | -€11,425 | -48.4% |
| Taxes | 450/3 | €8,301 | €3,283 | -€5,018 | -60.5% |
| Remuneration and social security | 454/9 | €15,285 | €8,878 | -€6,407 | -41.9% |
| Other amounts payable | 47/48 | €77,897 | €91,997 | +€14,100 | +18.1% |
| Remuneration, social security and pensions | 62 | €30,187 | €45,357 | +€15,169 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €1,914 | +€263 | +15.9% |
| Other operating charges | 640/8 | €1,993 | €17,330 | +€15,338 | +769.7% |
| Gross operating margin | 9900 | €41,097 | €66,631 | +€25,534 | +62.1% |
| Operating profit (loss) | 9901 | €7,266 | €2,031 | -€5,235 | -72.1% |
| Financial income | 75/76B | €10 | €248 | +€239 | +2472.0% |
| Recurring financial income | 75 | €10 | €248 | +€239 | +2472.0% |
| Non-recurring financial income | 76B | - | €248 | +€248 | |
| Financial charges | 65/66B | €468 | €1,531 | +€1,063 | +227.1% |
| Recurring financial charges | 65 | €468 | €1,531 | +€1,063 | +227.1% |
| Profit (loss) for the period before taxes | 9903 | €6,807 | €748 | -€6,060 | -89.0% |
| Income taxes | 67/77 | - | €2,107 | +€2,107 | |
| Profit (loss) for the period | 9904 | €6,807 | -€1,359 | -€8,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,807 | -€1,359 | -€8,166 |
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 29 September 2026 via checked.be.