8 DEGREES: 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.
8 DEGREES
Largest movements
- Tangible fixed assets -€12,286
down €12,286 (-24.1%), from €51,000 to €38,714
of which Furniture and vehicles: -€8,587
- Receivables after one year +€11,640
up €11,640 (+28.2%), from €41,278 to €52,918
- Receivables within one year +€6,088
up €6,088 (+18.1%), from €33,600 to €39,688
of which Trade receivables: +€5,386
- Cash +€1,718
up €1,718 (+11.6%), from €14,812 to €16,530
mainly Net result for the year (+€20,573) and Other debts (+€19,998)
- Other debts +€19,998
new in 2025: €19,998
- Debts after one year -€6,116
down €6,116 (-92.3%), from €6,628 to €512
- Tax, wage and social debts -€5,821
down €5,821 (-34.1%), from €17,078 to €11,257
- Financial income -€42,260
down €42,260 (-97.3%), from €43,423 to €1,163
of which Non-recurring financial income: -€42,416
- Financial charges -€9,707
down €9,707 (-94.2%), from €10,306 to €599
of which Non-recurring financial charges: -€9,392
- Taxes -€8,429
down €8,429 (-44.3%), from €19,039 to €10,611
- Other operating charges -€1,017
down €1,017 (-53.8%), from €1,890 to €873
- Depreciation +€745
up €745 (+5.6%), from €13,363 to €14,108
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 | €142,049 | €150,358 | +€8,309 | +5.8% |
| Fixed assets | 21/28 | €51,000 | €38,714 | -€12,286 | -24.1% |
| Tangible fixed assets | 22/27 | €51,000 | €38,714 | -€12,286 | -24.1% |
| Land and buildings | 22 | €2,232 | €1,918 | -€314 | -14.0% |
| Plant, machinery and equipment | 23 | €2,555 | €1,725 | -€830 | -32.5% |
| Furniture and vehicles | 24 | €41,258 | €32,671 | -€8,587 | -20.8% |
| Other tangible fixed assets | 26 | €4,956 | €2,400 | -€2,556 | -51.6% |
| Current assets | 29/58 | €91,049 | €111,644 | +€20,595 | +22.6% |
| Amounts receivable after more than one year | 29 | €41,278 | €52,918 | +€11,640 | +28.2% |
| Other amounts receivable | 291 | €41,278 | €52,918 | +€11,640 | +28.2% |
| Amounts receivable within one year | 40/41 | €33,600 | €39,688 | +€6,088 | +18.1% |
| Trade receivables | 40 | €32,619 | €38,005 | +€5,386 | +16.5% |
| Other amounts receivable | 41 | €981 | €1,683 | +€702 | +71.6% |
| Cash at bank and in hand | 54/58 | €14,812 | €16,530 | +€1,718 | +11.6% |
| Deferred charges and accrued income | 490/1 | €1,359 | €2,507 | +€1,148 | +84.5% |
| Total equity and liabilities | 10/49 | €142,049 | €150,358 | +€8,309 | +5.8% |
| Equity | 10/15 | €107,222 | €107,797 | +€575 | +0.5% |
| Reserves | 13 | €107,058 | €107,560 | +€502 | +0.5% |
| Non-distributable reserves | 130/1 | €86,598 | €87,100 | +€502 | +0.6% |
| Other | 1319 | €86,598 | €87,100 | +€502 | +0.6% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164 | €237 | +€73 | +44.7% |
| Amounts payable | 17/49 | €34,828 | €42,561 | +€7,733 | +22.2% |
| Amounts payable after more than one year | 17 | €6,628 | €512 | -€6,116 | -92.3% |
| Financial debts | 170/4 | €6,628 | €512 | -€6,116 | -92.3% |
| Amounts payable within one year | 42/48 | €28,200 | €42,049 | +€13,849 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €6,055 | €6,116 | +€61 | +1.0% |
| Financial debts | 43 | - | €1,078 | +€1,078 | |
| Credit institutions | 430/8 | - | €1,078 | +€1,078 | |
| Trade debts | 44 | €5,066 | €3,599 | -€1,467 | -29.0% |
| Suppliers | 440/4 | €5,066 | €3,599 | -€1,467 | -29.0% |
| Taxes, remuneration and social security | 45 | €17,078 | €11,257 | -€5,821 | -34.1% |
| Taxes | 450/3 | €17,078 | €11,257 | -€5,821 | -34.1% |
| Other amounts payable | 47/48 | - | €19,998 | +€19,998 | |
| Non-recurring operating income | 76A | - | €1,782 | +€1,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,363 | €14,108 | +€745 | +5.6% |
| Other operating charges | 640/8 | €1,890 | €873 | -€1,017 | -53.8% |
| Gross operating margin | 9900 | €46,065 | €45,601 | -€464 | -1.0% |
| Operating profit (loss) | 9901 | €30,811 | €30,620 | -€191 | -0.6% |
| Financial income | 75/76B | €43,423 | €1,163 | -€42,260 | -97.3% |
| Recurring financial income | 75 | €1,007 | €1,163 | +€156 | +15.5% |
| Non-recurring financial income | 76B | €42,416 | - | -€42,416 | |
| Financial charges | 65/66B | €10,306 | €599 | -€9,707 | -94.2% |
| Recurring financial charges | 65 | €913 | €599 | -€315 | -34.4% |
| Non-recurring financial charges | 66B | €9,392 | - | -€9,392 | |
| Profit (loss) for the period before taxes | 9903 | €63,928 | €31,184 | -€32,744 | -51.2% |
| Income taxes | 67/77 | €19,039 | €10,611 | -€8,429 | -44.3% |
| Profit (loss) for the period | 9904 | €44,889 | €20,573 | -€24,316 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,889 | €20,573 | -€24,316 | -54.2% |
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 24 October 2026 via checked.be.