WARM-UP: 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.
WARM-UP
Largest movements
- Tangible fixed assets -€5,675
down €5,675 (-68.5%), from €8,287 to €2,612
- Receivables within one year +€4,281
up €4,281 (+51.4%), from €8,329 to €12,610
of which Trade receivables: +€7,038
- Cash -€3,349
down €3,349 (-3.6%), from €93,486 to €90,137
mainly Net result for the year (-€8,545) and Receivables within one year (-€4,281)
- Profit (loss) carried forward -€8,545
down €8,545 (-26.3%), from €32,465 to €23,920
- Trade debts +€5,564
up €5,564 (+16.6%), from €33,575 to €39,139
- Current portion of long-term debt -€3,085
no longer reported in 2025 (was €3,085)
- Gross operating margin -€17,841
down €17,841, from €15,885 to -€1,956
- Taxes -€1,072
no longer reported in 2025 (was €1,072)
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 | €110,926 | €105,359 | -€5,567 | -5.0% |
| Fixed assets | 21/28 | €8,287 | €2,612 | -€5,675 | -68.5% |
| Tangible fixed assets | 22/27 | €8,287 | €2,612 | -€5,675 | -68.5% |
| Furniture and vehicles | 24 | €8,287 | €2,612 | -€5,675 | -68.5% |
| Current assets | 29/58 | €102,639 | €102,747 | +€108 | +0.1% |
| Amounts receivable within one year | 40/41 | €8,329 | €12,610 | +€4,281 | +51.4% |
| Trade receivables | 40 | €1,580 | €8,618 | +€7,038 | +445% |
| Other amounts receivable | 41 | €6,749 | €3,992 | -€2,757 | -40.9% |
| Cash at bank and in hand | 54/58 | €93,486 | €90,137 | -€3,349 | -3.6% |
| Deferred charges and accrued income | 490/1 | €824 | - | -€824 | |
| Total equity and liabilities | 10/49 | €110,926 | €105,359 | -€5,567 | -5.0% |
| Equity | 10/15 | €71,675 | €63,130 | -€8,545 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,465 | €23,920 | -€8,545 | -26.3% |
| Amounts payable | 17/49 | €39,251 | €42,229 | +€2,978 | +7.6% |
| Amounts payable within one year | 42/48 | €39,251 | €42,229 | +€2,978 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €3,085 | - | -€3,085 | |
| Trade debts | 44 | €33,575 | €39,139 | +€5,564 | +16.6% |
| Suppliers | 440/4 | €33,575 | €39,139 | +€5,564 | +16.6% |
| Advances received on contracts in progress | 46 | - | €895 | +€895 | |
| Taxes, remuneration and social security | 45 | €1,093 | €1,072 | -€21 | -1.9% |
| Taxes | 450/3 | €1,093 | €1,072 | -€21 | -1.9% |
| Other amounts payable | 47/48 | €1,498 | €1,123 | -€375 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,617 | €5,675 | +€58 | +1.0% |
| Other operating charges | 640/8 | €727 | €819 | +€92 | +12.7% |
| Gross operating margin | 9900 | €15,885 | -€1,956 | -€17,841 | |
| Operating profit (loss) | 9901 | €9,541 | -€8,450 | -€17,991 | |
| Financial income | 75/76B | €41 | €33 | -€8 | -19.5% |
| Recurring financial income | 75 | €41 | €33 | -€8 | -19.5% |
| Financial charges | 65/66B | €239 | €128 | -€111 | -46.4% |
| Recurring financial charges | 65 | €239 | €128 | -€111 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €9,343 | -€8,545 | -€17,888 | |
| Income taxes | 67/77 | €1,072 | - | -€1,072 | |
| Profit (loss) for the period | 9904 | €8,271 | -€8,545 | -€16,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,271 | -€8,545 | -€16,816 |
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.