GROUP B: 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.
GROUP B
Largest movements
- Receivables within one year -€58,917
down €58,917 (-64.2%), from €91,747 to €32,830
of which Trade receivables: -€74,487
- Tangible fixed assets -€20,768
down €20,768 (-18.4%), from €113,023 to €92,255
of which Furniture and vehicles: -€14,107
- Intangible fixed assets -€12,794
down €12,794 (-10.2%), from €125,986 to €113,192
- Profit (loss) carried forward -€82,783
down €82,783 (-88.8%), from -€93,184 to -€175,966
- Other debts -€20,010
down €20,010 (-10.2%), from €196,383 to €176,374
- Trade debts +€12,174
up €12,174 (+29.9%), from €40,655 to €52,829
- Gross operating margin -€38,414
down €38,414, from €35,705 to -€2,709
- Depreciation +€7,101
up €7,101 (+21.1%), from €33,602 to €40,703
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 | €340,464 | €249,168 | -€91,296 | -26.8% |
| Fixed assets | 21/28 | €247,717 | €214,156 | -€33,562 | -13.5% |
| Intangible fixed assets | 21 | €125,986 | €113,192 | -€12,794 | -10.2% |
| Tangible fixed assets | 22/27 | €113,023 | €92,255 | -€20,768 | -18.4% |
| Plant, machinery and equipment | 23 | €77,919 | €71,258 | -€6,661 | -8.5% |
| Furniture and vehicles | 24 | €35,104 | €20,997 | -€14,107 | -40.2% |
| Financial fixed assets | 28 | €8,708 | €8,709 | +€1 | 0.0% |
| Current assets | 29/58 | €92,747 | €35,012 | -€57,735 | -62.2% |
| Amounts receivable within one year | 40/41 | €91,747 | €32,830 | -€58,917 | -64.2% |
| Trade receivables | 40 | €90,134 | €15,647 | -€74,487 | -82.6% |
| Other amounts receivable | 41 | €1,612 | €17,182 | +€15,570 | +966% |
| Cash at bank and in hand | 54/58 | €268 | €101 | -€167 | -62.4% |
| Deferred charges and accrued income | 490/1 | €732 | €2,082 | +€1,350 | +184% |
| Total equity and liabilities | 10/49 | €340,464 | €249,168 | -€91,296 | -26.8% |
| Equity | 10/15 | €100,816 | €18,034 | -€82,783 | -82.1% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,184 | -€175,966 | -€82,783 | -88.8% |
| Amounts payable | 17/49 | €239,648 | €231,134 | -€8,514 | -3.6% |
| Amounts payable within one year | 42/48 | €239,648 | €231,134 | -€8,514 | -3.6% |
| Trade debts | 44 | €40,655 | €52,829 | +€12,174 | +29.9% |
| Suppliers | 440/4 | €40,655 | €52,829 | +€12,174 | +29.9% |
| Taxes, remuneration and social security | 45 | €2,610 | €1,932 | -€678 | -26.0% |
| Taxes | 450/3 | €2,610 | €1,932 | -€678 | -26.0% |
| Other amounts payable | 47/48 | €196,383 | €176,374 | -€20,010 | -10.2% |
| Non-recurring operating income | 76A | - | €2,293 | +€2,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,602 | €40,703 | +€7,101 | +21.1% |
| Other operating charges | 640/8 | €2,308 | €2,401 | +€93 | +4.0% |
| Non-recurring operating charges | 66A | - | €35,400 | +€35,400 | |
| Gross operating margin | 9900 | €35,705 | -€2,709 | -€38,414 | |
| Operating profit (loss) | 9901 | -€205 | -€81,213 | -€81,008 | -39,530% |
| Financial income | 75/76B | €1 | €6 | +€5 | +640% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +640% |
| Financial charges | 65/66B | €348 | €252 | -€96 | -27.6% |
| Recurring financial charges | 65 | €348 | €252 | -€96 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€552 | -€81,459 | -€80,907 | -14,662% |
| Income taxes | 67/77 | €1,302 | €1,324 | +€22 | +1.7% |
| Profit (loss) for the period | 9904 | -€1,854 | -€82,783 | -€80,929 | -4,366% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,854 | -€82,783 | -€80,929 | -4,366% |
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 28 October 2026 via checked.be.