We Create: 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.
We Create
Largest movements
- Tangible fixed assets +€31,152
up €31,152 (+427%), from €7,296 to €38,448
of which Furniture and vehicles: +€29,726
- Receivables within one year +€22,387
up €22,387 (+132%), from €16,971 to €39,358
of which Trade receivables: +€15,164
- Cash -€17,548
down €17,548 (-82.2%), from €21,338 to €3,790
mainly Investment in fixed assets (net) (-€40,014) and Receivables within one year (-€22,387)
- Intangible fixed assets -€2,570
down €2,570 (-53.6%), from €4,792 to €2,221
- Deferred charges and accrued income +€1,702
up €1,702 (+70.9%), from €2,401 to €4,103
- Debts after one year +€16,530
up €16,530 (+171%), from €9,653 to €26,183
- Trade debts +€9,261
up €9,261 (+123%), from €7,538 to €16,800
- Tax, wage and social debts -€9,145
down €9,145 (-52.0%), from €17,576 to €8,432
- Profit (loss) carried forward +€9,015
up €9,015, from -€9,015 to €0
- Current portion of long-term debt +€5,870
up €5,870 (+170%), from €3,453 to €9,323
- Gross operating margin +€34,778
up €34,778 (+2,024%), from €1,718 to €36,497
- Depreciation +€8,139
up €8,139 (+247%), from €3,294 to €11,433
- Taxes +€3,808
up €3,808, from €0 to €3,808
- Other operating charges +€1,203
up €1,203 (+130%), from €928 to €2,131
- Financial charges +€1,096
up €1,096 (+132%), from €832 to €1,928
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 | €55,298 | €90,420 | +€35,122 | +63.5% |
| Fixed assets | 21/28 | €14,588 | €43,169 | +€28,581 | +196% |
| Intangible fixed assets | 21 | €4,792 | €2,221 | -€2,570 | -53.6% |
| Tangible fixed assets | 22/27 | €7,296 | €38,448 | +€31,152 | +427% |
| Land and buildings | 22 | €1,310 | €951 | -€360 | -27.5% |
| Plant, machinery and equipment | 23 | €4,945 | €6,730 | +€1,786 | +36.1% |
| Furniture and vehicles | 24 | €1,041 | €30,767 | +€29,726 | +2,856% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €40,711 | €47,251 | +€6,540 | +16.1% |
| Amounts receivable within one year | 40/41 | €16,971 | €39,358 | +€22,387 | +132% |
| Trade receivables | 40 | €8,024 | €23,188 | +€15,164 | +189% |
| Other amounts receivable | 41 | €8,947 | €16,170 | +€7,223 | +80.7% |
| Cash at bank and in hand | 54/58 | €21,338 | €3,790 | -€17,548 | -82.2% |
| Deferred charges and accrued income | 490/1 | €2,401 | €4,103 | +€1,702 | +70.9% |
| Total equity and liabilities | 10/49 | €55,298 | €90,420 | +€35,122 | +63.5% |
| Equity | 10/15 | €17,078 | €29,683 | +€12,605 | +73.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,093 | €26,683 | +€3,590 | +15.5% |
| Distributable reserves | 133 | €23,093 | €26,683 | +€3,590 | +15.5% |
| Profit (loss) carried forward | 14 | -€9,015 | €0 | +€9,015 | |
| Amounts payable | 17/49 | €38,220 | €60,737 | +€22,517 | +58.9% |
| Amounts payable after more than one year | 17 | €9,653 | €26,183 | +€16,530 | +171% |
| Financial debts | 170/4 | €9,653 | €26,183 | +€16,530 | +171% |
| Amounts payable within one year | 42/48 | €28,567 | €34,554 | +€5,987 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €3,453 | €9,323 | +€5,870 | +170% |
| Trade debts | 44 | €7,538 | €16,800 | +€9,261 | +123% |
| Suppliers | 440/4 | €7,538 | €16,800 | +€9,261 | +123% |
| Taxes, remuneration and social security | 45 | €17,576 | €8,432 | -€9,145 | -52.0% |
| Taxes | 450/3 | €17,576 | €8,432 | -€9,145 | -52.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,371 | €5,301 | -€1,070 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,294 | €11,433 | +€8,139 | +247% |
| Other operating charges | 640/8 | €928 | €2,131 | +€1,203 | +130% |
| Gross operating margin | 9900 | €1,718 | €36,497 | +€34,778 | +2,024% |
| Operating profit (loss) | 9901 | -€8,875 | €17,631 | +€26,505 | |
| Financial income | 75/76B | €692 | €710 | +€19 | +2.7% |
| Recurring financial income | 75 | €692 | €710 | +€19 | +2.7% |
| Financial charges | 65/66B | €832 | €1,928 | +€1,096 | +132% |
| Recurring financial charges | 65 | €832 | €1,928 | +€1,096 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€9,015 | €16,413 | +€25,428 | |
| Income taxes | 67/77 | €0 | €3,808 | +€3,808 | |
| Profit (loss) for the period | 9904 | -€9,015 | €12,605 | +€21,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,015 | €12,605 | +€21,620 |
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 26 October 2026 via checked.be.