U7: what changed
U7
Largest movements
- Tangible fixed assets -€24,064
no longer reported in 2025 (was €24,064)
of which Plant, machinery and equipment: -€16,864
- Receivables within one year -€19,556
down €19,556 (-90.1%), from €21,693 to €2,137
of which Other amounts receivable: -€19,555
- Cash -€4,443
down €4,443 (-67.1%), from €6,623 to €2,180
mainly Other debts (-€82,061) and Tax, wage and social debts (-€23,291)
- Stocks and contracts -€3,245
no longer reported in 2025 (was €3,245)
- Other debts -€82,061
down €82,061 (-97.8%), from €83,928 to €1,867
- Profit (loss) carried forward +€74,362
up €74,362 (+70.6%), from -€105,312 to -€30,950
- Tax, wage and social debts -€23,291
down €23,291 (-86.8%), from €26,843 to €3,552
of which Remuneration and social security: -€15,719
- Trade debts -€19,894
down €19,894 (-68.3%), from €29,123 to €9,230
- Current portion of long-term debt -€2,784
no longer reported in 2025 (was €2,784)
- Staff costs -€53,588
down €53,588 (-76.5%), from €70,005 to €16,417
- Gross operating margin -€16,747
down €16,747 (-15.2%), from €109,967 to €93,220
- Depreciation -€12,094
no longer reported in 2025 (was €12,094)
- Other operating charges -€3,899
down €3,899 (-72.9%), from €5,345 to €1,446
- Financial charges -€2,251
down €2,251 (-69.4%), from €3,246 to €995
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,967 | €4,317 | -€51,650 | -92.3% |
| Fixed assets | 21/28 | €24,405 | - | -€24,405 | |
| Tangible fixed assets | 22/27 | €24,064 | - | -€24,064 | |
| Plant, machinery and equipment | 23 | €16,864 | - | -€16,864 | |
| Other tangible fixed assets | 26 | €7,200 | - | -€7,200 | |
| Financial fixed assets | 28 | €342 | - | -€342 | |
| Current assets | 29/58 | €31,562 | €4,317 | -€27,245 | -86.3% |
| Stocks and contracts in progress | 3 | €3,245 | - | -€3,245 | |
| Stocks | 30/36 | €3,245 | - | -€3,245 | |
| Amounts receivable within one year | 40/41 | €21,693 | €2,137 | -€19,556 | -90.1% |
| Trade receivables | 40 | €132 | €131 | -€1 | -1.0% |
| Other amounts receivable | 41 | €21,561 | €2,006 | -€19,555 | -90.7% |
| Cash at bank and in hand | 54/58 | €6,623 | €2,180 | -€4,443 | -67.1% |
| Total equity and liabilities | 10/49 | €55,967 | €4,317 | -€51,650 | -92.3% |
| Equity | 10/15 | -€86,712 | -€12,350 | +€74,362 | +85.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,312 | -€30,950 | +€74,362 | +70.6% |
| Amounts payable | 17/49 | €142,679 | €16,667 | -€126,012 | -88.3% |
| Amounts payable within one year | 42/48 | €142,679 | €14,649 | -€128,029 | -89.7% |
| Current portion of amounts payable after more than one year | 42 | €2,784 | - | -€2,784 | |
| Trade debts | 44 | €29,123 | €9,230 | -€19,894 | -68.3% |
| Suppliers | 440/4 | €29,123 | €9,230 | -€19,894 | -68.3% |
| Taxes, remuneration and social security | 45 | €26,843 | €3,552 | -€23,291 | -86.8% |
| Taxes | 450/3 | €7,572 | - | -€7,572 | |
| Remuneration and social security | 454/9 | €19,271 | €3,552 | -€15,719 | -81.6% |
| Other amounts payable | 47/48 | €83,928 | €1,867 | -€82,061 | -97.8% |
| Accrued charges and deferred income | 492/3 | - | €2,017 | +€2,017 | |
| Non-recurring operating income | 76A | - | €75,936 | +€75,936 | |
| Remuneration, social security and pensions | 62 | €70,005 | €16,417 | -€53,588 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,094 | - | -€12,094 | |
| Other operating charges | 640/8 | €5,345 | €1,446 | -€3,899 | -72.9% |
| Gross operating margin | 9900 | €109,967 | €93,220 | -€16,747 | -15.2% |
| Operating profit (loss) | 9901 | €22,523 | €75,357 | +€52,833 | +235% |
| Financial income | 75/76B | €971 | - | -€971 | |
| Recurring financial income | 75 | €971 | - | -€971 | |
| Financial charges | 65/66B | €3,246 | €995 | -€2,251 | -69.4% |
| Recurring financial charges | 65 | €3,246 | €995 | -€2,251 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €20,248 | €74,362 | +€54,114 | +267% |
| Profit (loss) for the period | 9904 | €20,248 | €74,362 | +€54,114 | +267% |
| Profit (loss) for the period to be appropriated | 9905 | €20,248 | €74,362 | +€54,114 | +267% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.