ALTERNATIVE 5: 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.
ALTERNATIVE 5
Largest movements
- Cash -€44,729
down €44,729 (-40.2%), from €111,250 to €66,521
mainly Net result for the year (-€41,541) and Tax, wage and social debts (-€9,466)
- Receivables within one year -€4,804
down €4,804 (-24.1%), from €19,952 to €15,148
of which Trade receivables: -€10,097
- Deferred charges and accrued income -€1,415
down €1,415 (-38.0%), from €3,720 to €2,305
- Tangible fixed assets +€1,360
up €1,360 (+372%), from €365 to €1,725
of which Furniture and vehicles: +€1,370
- Profit (loss) carried forward -€41,541
down €41,541 (-97.6%), from €42,575 to €1,034
- Tax, wage and social debts -€9,466
down €9,466 (-85.1%), from €11,123 to €1,657
of which Taxes: -€6,848
- Trade debts +€1,660
up €1,660 (+989%), from €168 to €1,828
- Gross operating margin -€89,979
down €89,979, from €73,300 to -€16,678
- Taxes -€11,184
down €11,184 (-98.8%), from €11,323 to €140
- Staff costs -€6,563
down €6,563 (-22.6%), from €29,013 to €22,450
- Write-downs -€2,225
no longer reported in 2025 (was €2,225)
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 | €135,287 | €85,698 | -€49,589 | -36.7% |
| Fixed assets | 21/28 | €365 | €1,725 | +€1,360 | +372% |
| Tangible fixed assets | 22/27 | €365 | €1,725 | +€1,360 | +372% |
| Plant, machinery and equipment | 23 | €11 | - | -€11 | |
| Furniture and vehicles | 24 | €355 | €1,725 | +€1,370 | +386% |
| Current assets | 29/58 | €134,922 | €83,973 | -€50,949 | -37.8% |
| Amounts receivable within one year | 40/41 | €19,952 | €15,148 | -€4,804 | -24.1% |
| Trade receivables | 40 | €15,724 | €5,626 | -€10,097 | -64.2% |
| Other amounts receivable | 41 | €4,228 | €9,521 | +€5,293 | +125% |
| Cash at bank and in hand | 54/58 | €111,250 | €66,521 | -€44,729 | -40.2% |
| Deferred charges and accrued income | 490/1 | €3,720 | €2,305 | -€1,415 | -38.0% |
| Total equity and liabilities | 10/49 | €135,287 | €85,698 | -€49,589 | -36.7% |
| Equity | 10/15 | €123,331 | €81,790 | -€41,541 | -33.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €68,256 | €68,256 | = | 0.0% |
| Distributable reserves | 133 | €68,256 | €68,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,575 | €1,034 | -€41,541 | -97.6% |
| Amounts payable | 17/49 | €11,956 | €3,908 | -€8,048 | -67.3% |
| Amounts payable within one year | 42/48 | €11,956 | €3,485 | -€8,471 | -70.9% |
| Trade debts | 44 | €168 | €1,828 | +€1,660 | +989% |
| Suppliers | 440/4 | €168 | €1,828 | +€1,660 | +989% |
| Taxes, remuneration and social security | 45 | €11,123 | €1,657 | -€9,466 | -85.1% |
| Taxes | 450/3 | €6,848 | - | -€6,848 | |
| Remuneration and social security | 454/9 | €4,275 | €1,657 | -€2,619 | -61.2% |
| Other amounts payable | 47/48 | €665 | - | -€665 | |
| Accrued charges and deferred income | 492/3 | - | €423 | +€423 | |
| Remuneration, social security and pensions | 62 | €29,013 | €22,450 | -€6,563 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €468 | +€64 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,225 | - | -€2,225 | |
| Other operating charges | 640/8 | €1,081 | €1,080 | -€1 | -0.1% |
| Gross operating margin | 9900 | €73,300 | -€16,678 | -€89,979 | |
| Operating profit (loss) | 9901 | €40,577 | -€40,677 | -€81,253 | |
| Financial income | 75/76B | €206 | - | -€206 | |
| Recurring financial income | 75 | €206 | - | -€206 | |
| Financial charges | 65/66B | €495 | €724 | +€229 | +46.2% |
| Recurring financial charges | 65 | €495 | €724 | +€229 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €40,287 | -€41,401 | -€81,688 | |
| Income taxes | 67/77 | €11,323 | €140 | -€11,184 | -98.8% |
| Profit (loss) for the period | 9904 | €28,963 | -€41,541 | -€70,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,963 | -€41,541 | -€70,504 |
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 15 October 2026 via checked.be.