What changed?
Two fiscal 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.
CEDRIC BOELEN
Largest movements
- Receivables within one year -€4,203
down €4,203 (-36.6%), from €11,485 to €7,282
of which Trade receivables: -€4,106
- Cash +€4,004
up €4,004 (+93.1%), from €4,301 to €8,305
mainly Tax, wage and social debts (+€4,539) and Receivables within one year (+€4,203)
- Tangible fixed assets -€2,406
down €2,406 (-30.4%), from €7,926 to €5,520
of which Furniture and vehicles: -€2,621
- Deferred charges and accrued income -€252
down €252 (-58.5%), from €431 to €179
- Other debts -€7,743
down €7,743 (-74.4%), from €10,404 to €2,661
- Tax, wage and social debts +€4,539
up €4,539 (+166.6%), from €2,725 to €7,265
of which Remuneration and social security: +€2,728
- Trade debts +€2,510
up €2,510 (+34.0%), from €7,390 to €9,900
- Profit (loss) carried forward -€2,163
new in 2025: -€2,163
- Depreciation +€1,961
up €1,961 (+136.5%), from €1,436 to €3,397
- Gross operating margin -€1,734
down €1,734 (-38.2%), from €4,541 to €2,807
- Taxes -€964
down €964 (-74.8%), from €1,290 to €326
- Financial income -€572
down €572 (-88.7%), from €645 to €73
- Financial charges +€405
up €405 (+3128.6%), from €13 to €418
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.
Cash bridge derived
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 | €24,143 | €21,286 | -€2,857 | -11.8% |
| Fixed assets | 21/28 | €7,926 | €5,520 | -€2,406 | -30.4% |
| Tangible fixed assets | 22/27 | €7,926 | €5,520 | -€2,406 | -30.4% |
| Plant, machinery and equipment | 23 | €1,247 | €1,462 | +€215 | +17.2% |
| Furniture and vehicles | 24 | €6,678 | €4,058 | -€2,621 | -39.2% |
| Current assets | 29/58 | €16,217 | €15,766 | -€452 | -2.8% |
| Amounts receivable within one year | 40/41 | €11,485 | €7,282 | -€4,203 | -36.6% |
| Trade receivables | 40 | €8,426 | €4,320 | -€4,106 | -48.7% |
| Other amounts receivable | 41 | €3,059 | €2,962 | -€97 | -3.2% |
| Cash at bank and in hand | 54/58 | €4,301 | €8,305 | +€4,004 | +93.1% |
| Deferred charges and accrued income | 490/1 | €431 | €179 | -€252 | -58.5% |
| Total equity and liabilities | 10/49 | €24,143 | €21,286 | -€2,857 | -11.8% |
| Equity | 10/15 | €3,624 | €1,460 | -€2,163 | -59.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,124 | €1,124 | = | 0.0% |
| Distributable reserves | 133 | €1,124 | €1,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,163 | -€2,163 | |
| Amounts payable | 17/49 | €20,519 | €19,826 | -€694 | -3.4% |
| Amounts payable within one year | 42/48 | €20,519 | €19,826 | -€694 | -3.4% |
| Trade debts | 44 | €7,390 | €9,900 | +€2,510 | +34.0% |
| Suppliers | 440/4 | €7,390 | €9,900 | +€2,510 | +34.0% |
| Taxes, remuneration and social security | 45 | €2,725 | €7,265 | +€4,539 | +166.6% |
| Taxes | 450/3 | €1,933 | €3,745 | +€1,811 | +93.7% |
| Remuneration and social security | 454/9 | €792 | €3,520 | +€2,728 | +344.4% |
| Other amounts payable | 47/48 | €10,404 | €2,661 | -€7,743 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,436 | €3,397 | +€1,961 | +136.5% |
| Other operating charges | 640/8 | €524 | €903 | +€379 | +72.3% |
| Gross operating margin | 9900 | €4,541 | €2,807 | -€1,734 | -38.2% |
| Operating profit (loss) | 9901 | €2,581 | -€1,493 | -€4,074 | |
| Financial income | 75/76B | €645 | €73 | -€572 | -88.7% |
| Recurring financial income | 75 | €645 | €73 | -€572 | -88.7% |
| Financial charges | 65/66B | €13 | €418 | +€405 | +3128.6% |
| Recurring financial charges | 65 | €13 | €418 | +€405 | +3128.6% |
| Profit (loss) for the period before taxes | 9903 | €3,213 | -€1,838 | -€5,051 | |
| Income taxes | 67/77 | €1,290 | €326 | -€964 | -74.8% |
| Profit (loss) for the period | 9904 | €1,924 | -€2,163 | -€4,087 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,924 | -€2,163 | -€4,087 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.