#100: 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.
#100
Largest movements
- Receivables within one year -€170,073
down €170,073 (-95.1%), from €178,875 to €8,802
of which Trade receivables: -€169,906
- Deferred charges and accrued income -€142,826
down €142,826 (-100.0%), from €142,826 to €0
- Cash -€46,458
down €46,458 (-99.9%), from €46,514 to €56
mainly Advances received (-€205,586) and Debts after one year (-€94,149)
- Stocks and contracts -€13,000
down €13,000 (-3.9%), from €333,266 to €320,266
- Advances received -€205,586
down €205,586 (-100.0%), from €205,586 to €0
- Debts after one year -€94,149
down €94,149 (-23.6%), from €399,000 to €304,851
- Other debts -€76,956
down €76,956 (-77.1%), from €99,751 to €22,795
- Profit (loss) carried forward +€22,083
up €22,083 (+29.4%), from -€74,996 to -€52,913
- Tax, wage and social debts -€19,294
down €19,294 (-100.0%), from €19,294 to €0
of which Remuneration and social security: -€19,294
- Gross operating margin -€31,945
down €31,945 (-54.4%), from €58,720 to €26,775
- Other operating charges -€3,905
down €3,905 (-58.2%), from €6,708 to €2,803
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 | €703,403 | €329,458 | -€373,946 | -53.2% |
| Fixed assets | 21/28 | €1,922 | €334 | -€1,588 | -82.6% |
| Tangible fixed assets | 22/27 | €1,922 | €334 | -€1,588 | -82.6% |
| Plant, machinery and equipment | 23 | €1,922 | €334 | -€1,588 | -82.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €701,481 | €329,124 | -€372,357 | -53.1% |
| Stocks and contracts in progress | 3 | €333,266 | €320,266 | -€13,000 | -3.9% |
| Stocks | 30/36 | €333,266 | €320,266 | -€13,000 | -3.9% |
| Amounts receivable within one year | 40/41 | €178,875 | €8,802 | -€170,073 | -95.1% |
| Trade receivables | 40 | €178,291 | €8,384 | -€169,906 | -95.3% |
| Other amounts receivable | 41 | €584 | €417 | -€167 | -28.6% |
| Cash at bank and in hand | 54/58 | €46,514 | €56 | -€46,458 | -99.9% |
| Deferred charges and accrued income | 490/1 | €142,826 | €0 | -€142,826 | -100.0% |
| Total equity and liabilities | 10/49 | €703,403 | €329,458 | -€373,946 | -53.2% |
| Equity | 10/15 | -€20,270 | €1,813 | +€22,083 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,126 | €36,126 | = | 0.0% |
| Non-distributable reserves | 130/1 | €69 | €69 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69 | €69 | = | 0.0% |
| Distributable reserves | 133 | €36,057 | €36,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,996 | -€52,913 | +€22,083 | +29.4% |
| Amounts payable | 17/49 | €723,674 | €327,645 | -€396,028 | -54.7% |
| Amounts payable after more than one year | 17 | €399,000 | €304,851 | -€94,149 | -23.6% |
| Financial debts | 170/4 | €399,000 | €304,851 | -€94,149 | -23.6% |
| Amounts payable within one year | 42/48 | €324,674 | €22,795 | -€301,879 | -93.0% |
| Trade debts | 44 | €43 | - | -€43 | |
| Suppliers | 440/4 | €43 | - | -€43 | |
| Advances received on contracts in progress | 46 | €205,586 | €0 | -€205,586 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,294 | €0 | -€19,294 | -100.0% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €19,294 | - | -€19,294 | |
| Other amounts payable | 47/48 | €99,751 | €22,795 | -€76,956 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,844 | €1,588 | -€256 | -13.9% |
| Other operating charges | 640/8 | €6,708 | €2,803 | -€3,905 | -58.2% |
| Gross operating margin | 9900 | €58,720 | €26,775 | -€31,945 | -54.4% |
| Operating profit (loss) | 9901 | €50,168 | €22,384 | -€27,784 | -55.4% |
| Financial charges | 65/66B | €345 | €301 | -€44 | -12.7% |
| Recurring financial charges | 65 | €43 | €301 | +€258 | +599.8% |
| Non-recurring financial charges | 66B | €302 | - | -€302 | |
| Profit (loss) for the period before taxes | 9903 | €49,823 | €22,083 | -€27,740 | -55.7% |
| Profit (loss) for the period | 9904 | €49,823 | €22,083 | -€27,740 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,823 | €22,083 | -€27,740 | -55.7% |
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 5 October 2026 via checked.be.