0x51: 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.
0x51
Largest movements
- Receivables after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Receivables within one year -€114,034
down €114,034 (-83.4%), from €136,674 to €22,640
of which Other amounts receivable: -€84,134
- Cash -€14,559
down €14,559 (-30.5%), from €47,810 to €33,251
mainly Contributions, distributions and other (-€290,691) and Tax, wage and social debts (-€56,743)
- Profit (loss) carried forward -€222,582
down €222,582 (-76.6%), from €290,691 to €68,110
- Tax, wage and social debts -€56,743
down €56,743 (-96.6%), from €58,733 to €1,990
- Short-term financial debts +€5,477
up €5,477 (+6215.1%), from €88 to €5,565
- Gross operating margin -€11,892
down €11,892 (-13.3%), from €89,130 to €77,238
- Financial income +€2,426
up €2,426 (+23.3%), from €10,408 to €12,833
- Taxes -€2,287
down €2,287 (-11.5%), from €19,849 to €17,562
- Financial charges +€1,171
up €1,171 (+256.0%), from €457 to €1,628
- Depreciation +€1,166
up €1,166 (+107.0%), from €1,090 to €2,256
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 | €353,570 | €79,509 | -€274,061 | -77.5% |
| Fixed assets | 21/28 | €7,424 | €10,614 | +€3,190 | +43.0% |
| Tangible fixed assets | 22/27 | €6,864 | €10,054 | +€3,190 | +46.5% |
| Plant, machinery and equipment | 23 | €2,905 | €2,609 | -€296 | -10.2% |
| Furniture and vehicles | 24 | €3,959 | €7,445 | +€3,486 | +88.0% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €346,146 | €68,895 | -€277,251 | -80.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €136,674 | €22,640 | -€114,034 | -83.4% |
| Trade receivables | 40 | €37,700 | €7,800 | -€29,900 | -79.3% |
| Other amounts receivable | 41 | €98,974 | €14,840 | -€84,134 | -85.0% |
| Cash at bank and in hand | 54/58 | €47,810 | €33,251 | -€14,559 | -30.5% |
| Deferred charges and accrued income | 490/1 | €11,663 | €13,005 | +€1,342 | +11.5% |
| Total equity and liabilities | 10/49 | €353,570 | €79,509 | -€274,061 | -77.5% |
| Equity | 10/15 | €293,691 | €71,110 | -€222,582 | -75.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,691 | €68,110 | -€222,582 | -76.6% |
| Amounts payable | 17/49 | €59,879 | €8,399 | -€51,480 | -86.0% |
| Amounts payable within one year | 42/48 | €59,879 | €8,399 | -€51,480 | -86.0% |
| Financial debts | 43 | €88 | €5,565 | +€5,477 | +6215.1% |
| Credit institutions | 430/8 | €88 | €5,565 | +€5,477 | +6215.1% |
| Trade debts | 44 | €1,058 | €844 | -€214 | -20.2% |
| Suppliers | 440/4 | €1,058 | €844 | -€214 | -20.2% |
| Taxes, remuneration and social security | 45 | €58,733 | €1,990 | -€56,743 | -96.6% |
| Taxes | 450/3 | €58,733 | €1,990 | -€56,743 | -96.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €2,256 | +€1,166 | +107.0% |
| Other operating charges | 640/8 | €64 | €515 | +€452 | +707.9% |
| Gross operating margin | 9900 | €89,130 | €77,238 | -€11,892 | -13.3% |
| Operating profit (loss) | 9901 | €87,976 | €74,467 | -€13,510 | -15.4% |
| Financial income | 75/76B | €10,408 | €12,833 | +€2,426 | +23.3% |
| Recurring financial income | 75 | €10,408 | €12,833 | +€2,426 | +23.3% |
| Financial charges | 65/66B | €457 | €1,628 | +€1,171 | +256.0% |
| Recurring financial charges | 65 | €457 | €1,628 | +€1,171 | +256.0% |
| Profit (loss) for the period before taxes | 9903 | €97,927 | €85,672 | -€12,255 | -12.5% |
| Income taxes | 67/77 | €19,849 | €17,562 | -€2,287 | -11.5% |
| Profit (loss) for the period | 9904 | €78,078 | €68,110 | -€9,968 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,078 | €68,110 | -€9,968 | -12.8% |
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 2 October 2026 via checked.be.