1st-Day: 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.
1st-Day
Largest movements
- Cash -€347
down €347 (-10.4%), from €3,354 to €3,006
mainly Net result for the year (-€1,349) and Receivables within one year (-€335)
- Receivables within one year +€335
new in 2025: €335
- Debts after one year +€1,462
up €1,462 (+7.8%), from €18,676 to €20,138
- Profit (loss) carried forward -€1,349
down €1,349 (-2.1%), from -€64,568 to -€65,917
- Trade debts -€126
no longer reported in 2025 (was €126)
- Gross operating margin -€3,295
down €3,295, from €2,166 to -€1,129
- Financial charges -€50
down €50 (-35.2%), from €141 to €92
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 | €3,354 | €3,341 | -€13 | -0.4% |
| Current assets | 29/58 | €3,354 | €3,341 | -€13 | -0.4% |
| Amounts receivable within one year | 40/41 | - | €335 | +€335 | |
| Trade receivables | 40 | - | €335 | +€335 | |
| Cash at bank and in hand | 54/58 | €3,354 | €3,006 | -€347 | -10.4% |
| Total equity and liabilities | 10/49 | €3,354 | €3,341 | -€13 | -0.4% |
| Equity | 10/15 | -€15,448 | -€16,797 | -€1,349 | -8.7% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €40,719 | €40,719 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,859 | €38,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,568 | -€65,917 | -€1,349 | -2.1% |
| Amounts payable | 17/49 | €18,802 | €20,138 | +€1,336 | +7.1% |
| Amounts payable after more than one year | 17 | €18,676 | €20,138 | +€1,462 | +7.8% |
| Other amounts payable | 178/9 | €18,676 | €20,138 | +€1,462 | +7.8% |
| Amounts payable within one year | 42/48 | €126 | - | -€126 | |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €2,166 | -€1,129 | -€3,295 | |
| Operating profit (loss) | 9901 | €2,040 | -€1,257 | -€3,297 | |
| Financial charges | 65/66B | €141 | €92 | -€50 | -35.2% |
| Recurring financial charges | 65 | €141 | €92 | -€50 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €1,898 | -€1,349 | -€3,247 | |
| Profit (loss) for the period | 9904 | €1,898 | -€1,349 | -€3,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,898 | -€1,349 | -€3,247 |
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 4 October 2026 via checked.be.