B1 Location: 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.
B1 Location
Largest movements
- Tangible fixed assets +€36,137
up €36,137 (+17.0%), from €212,764 to €248,900
of which Furniture and vehicles: +€24,273
- Receivables within one year +€11,368
up €11,368 (+245%), from €4,634 to €16,002
- Cash +€5,487
up €5,487 (+286%), from €1,919 to €7,406
mainly Depreciation (+€85,196) and Other debts (+€61,902)
- Other debts +€61,902
up €61,902 (+40.2%), from €154,150 to €216,052
- Profit (loss) carried forward -€51,833
down €51,833, from €2,090 to -€49,743
- Debts after one year +€30,000
new in 2025: €30,000
- Trade debts +€23,900
up €23,900 (+444%), from €5,385 to €29,285
- Accrued charges and deferred income -€17,574
no longer reported in 2025 (was €17,574)
- Gross operating margin -€81,995
down €81,995 (-63.9%), from €128,357 to €46,363
- Other operating charges -€44,726
down €44,726 (-87.0%), from €51,402 to €6,677
- Depreciation +€11,915
up €11,915 (+16.3%), from €73,281 to €85,196
- Financial charges +€3,993
up €3,993 (+406%), from €985 to €4,978
of which Non-recurring financial charges: +€3,512
- Taxes -€1,393
no longer reported in 2025 (was €1,393)
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 | €219,317 | €272,308 | +€52,991 | +24.2% |
| Fixed assets | 21/28 | €212,764 | €248,900 | +€36,137 | +17.0% |
| Tangible fixed assets | 22/27 | €212,764 | €248,900 | +€36,137 | +17.0% |
| Plant, machinery and equipment | 23 | €41,483 | €53,347 | +€11,863 | +28.6% |
| Furniture and vehicles | 24 | €171,281 | €195,554 | +€24,273 | +14.2% |
| Current assets | 29/58 | €6,553 | €23,408 | +€16,854 | +257% |
| Amounts receivable within one year | 40/41 | €4,634 | €16,002 | +€11,368 | +245% |
| Trade receivables | 40 | €4,634 | €16,002 | +€11,368 | +245% |
| Cash at bank and in hand | 54/58 | €1,919 | €7,406 | +€5,487 | +286% |
| Total equity and liabilities | 10/49 | €219,317 | €272,308 | +€52,991 | +24.2% |
| Equity | 10/15 | €22,322 | -€29,511 | -€51,833 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €232 | €232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €232 | €232 | = | 0.0% |
| Legal reserve | 130 | €232 | - | -€232 | |
| Reserves not available under the articles | 1311 | - | €232 | +€232 | |
| Profit (loss) carried forward | 14 | €2,090 | -€49,743 | -€51,833 | |
| Amounts payable | 17/49 | €196,995 | €301,818 | +€104,824 | +53.2% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €179,421 | €271,818 | +€92,398 | +51.5% |
| Trade debts | 44 | €5,385 | €29,285 | +€23,900 | +444% |
| Suppliers | 440/4 | €5,385 | €29,285 | +€23,900 | +444% |
| Advances received on contracts in progress | 46 | - | €16,297 | +€16,297 | |
| Taxes, remuneration and social security | 45 | €19,886 | €10,184 | -€9,702 | -48.8% |
| Taxes | 450/3 | €19,886 | €10,184 | -€9,702 | -48.8% |
| Other amounts payable | 47/48 | €154,150 | €216,052 | +€61,902 | +40.2% |
| Accrued charges and deferred income | 492/3 | €17,574 | - | -€17,574 | |
| Remuneration, social security and pensions | 62 | - | €1,351 | +€1,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,281 | €85,196 | +€11,915 | +16.3% |
| Other operating charges | 640/8 | €51,402 | €6,677 | -€44,726 | -87.0% |
| Gross operating margin | 9900 | €128,357 | €46,363 | -€81,995 | -63.9% |
| Operating profit (loss) | 9901 | €3,674 | -€46,861 | -€50,535 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €985 | €4,978 | +€3,993 | +406% |
| Recurring financial charges | 65 | €496 | €978 | +€481 | +97.0% |
| Non-recurring financial charges | 66B | €488 | €4,000 | +€3,512 | +719% |
| Profit (loss) for the period before taxes | 9903 | €2,689 | -€51,833 | -€54,522 | |
| Income taxes | 67/77 | €1,393 | - | -€1,393 | |
| Profit (loss) for the period | 9904 | €1,297 | -€51,833 | -€53,129 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,297 | -€51,833 | -€53,129 |
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 16 October 2026 via checked.be.