ELEMENT: what changed
ELEMENT
Largest movements
- Tangible fixed assets +€7,859
new in 2025: €7,859
of which Furniture and vehicles: +€5,498
- Receivables within one year -€7,797
down €7,797 (-65.0%), from €12,002 to €4,205
of which Trade receivables: -€10,000
- Cash +€6,285
up €6,285 (+12.6%), from €50,064 to €56,349
mainly Receivables within one year (+€7,797) and Tax, wage and social debts (+€4,099)
- Deferred charges and accrued income -€2,945
down €2,945 (-55.8%), from €5,276 to €2,331
- Tax, wage and social debts +€4,099
up €4,099 (+23.3%), from €17,554 to €21,653
- Trade debts -€1,264
down €1,264 (-56.2%), from €2,249 to €985
- Gross operating margin -€53,998
down €53,998 (-85.3%), from €63,319 to €9,321
- Turnover -€47,124
down €47,124 (-41.6%), from €113,394 to €66,270
- Taxes -€10,955
down €10,955 (-62.4%), from €17,554 to €6,599
- Purchases and services +€9,349
up €9,349 (+18.6%), from €50,159 to €59,508
- Other operating charges +€1,534
new in 2025: €1,534
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,343 | €70,745 | +€3,402 | +5.1% |
| Fixed assets | 21/28 | - | €7,859 | +€7,859 | |
| Tangible fixed assets | 22/27 | - | €7,859 | +€7,859 | |
| Land and buildings | 22 | - | €2,362 | +€2,362 | |
| Furniture and vehicles | 24 | - | €5,498 | +€5,498 | |
| Current assets | 29/58 | €67,343 | €62,886 | -€4,457 | -6.6% |
| Amounts receivable within one year | 40/41 | €12,002 | €4,205 | -€7,797 | -65.0% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €2,003 | €4,205 | +€2,203 | +110% |
| Cash at bank and in hand | 54/58 | €50,064 | €56,349 | +€6,285 | +12.6% |
| Deferred charges and accrued income | 490/1 | €5,276 | €2,331 | -€2,945 | -55.8% |
| Total equity and liabilities | 10/49 | €67,343 | €70,745 | +€3,402 | +5.1% |
| Equity | 10/15 | €47,540 | €48,107 | +€568 | +1.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,540 | €45,540 | = | 0.0% |
| Distributable reserves | 133 | €45,540 | €45,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €568 | +€568 | |
| Amounts payable | 17/49 | €19,803 | €22,638 | +€2,835 | +14.3% |
| Amounts payable within one year | 42/48 | €19,803 | €22,638 | +€2,835 | +14.3% |
| Trade debts | 44 | €2,249 | €985 | -€1,264 | -56.2% |
| Suppliers | 440/4 | €2,249 | €985 | -€1,264 | -56.2% |
| Taxes, remuneration and social security | 45 | €17,554 | €21,653 | +€4,099 | +23.3% |
| Taxes | 450/3 | €17,554 | €21,653 | +€4,099 | +23.3% |
| Turnover | 70 | €113,394 | €66,270 | -€47,124 | -41.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,159 | €59,508 | +€9,349 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €578 | +€578 | |
| Other operating charges | 640/8 | - | €1,534 | +€1,534 | |
| Gross operating margin | 9900 | €63,319 | €9,321 | -€53,998 | -85.3% |
| Operating profit (loss) | 9901 | €63,319 | €7,209 | -€56,109 | -88.6% |
| Financial charges | 65/66B | €225 | €43 | -€182 | -80.9% |
| Recurring financial charges | 65 | €225 | €43 | -€182 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €63,094 | €7,166 | -€55,927 | -88.6% |
| Income taxes | 67/77 | €17,554 | €6,599 | -€10,955 | -62.4% |
| Profit (loss) for the period | 9904 | €45,540 | €568 | -€44,972 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,540 | €568 | -€44,972 | -98.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.