2/3 DESIGN: what changed
Two financial 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.
2/3 DESIGN
Largest movements
- Cash -€88,169
down €88,169 (-27.2%), from €324,346 to €236,176
mainly Contributions, distributions and other (-€58,332) and Accrued charges and deferred income (-€52,104)
- Receivables within one year -€52,455
down €52,455 (-57.2%), from €91,772 to €39,317
of which Trade receivables: -€80,171
- Tangible fixed assets -€4,440
down €4,440 (-49.9%), from €8,896 to €4,456
of which Furniture and vehicles: -€4,080
- Reserves -€58,332
down €58,332 (-30.6%), from €190,324 to €131,992
- Accrued charges and deferred income -€52,104
no longer reported in 2025 (was €52,104)
- Other debts +€44,284
up €44,284 (+168.4%), from €26,292 to €70,576
- Trade debts -€40,892
down €40,892 (-80.1%), from €51,035 to €10,142
- Profit (loss) carried forward -€32,243
down €32,243 (-40.4%), from €79,714 to €47,471
- Gross operating margin -€163,599
down €163,599, from €135,969 to -€27,630
- Taxes -€38,911
down €38,911 (-99.5%), from €39,097 to €186
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 | €427,132 | €280,864 | -€146,268 | -34.2% |
| Fixed assets | 21/28 | €8,896 | €4,456 | -€4,440 | -49.9% |
| Tangible fixed assets | 22/27 | €8,896 | €4,456 | -€4,440 | -49.9% |
| Furniture and vehicles | 24 | €8,161 | €4,081 | -€4,080 | -50.0% |
| Other tangible fixed assets | 26 | €735 | €375 | -€360 | -49.0% |
| Current assets | 29/58 | €418,236 | €276,408 | -€141,828 | -33.9% |
| Amounts receivable within one year | 40/41 | €91,772 | €39,317 | -€52,455 | -57.2% |
| Trade receivables | 40 | €91,772 | €11,601 | -€80,171 | -87.4% |
| Other amounts receivable | 41 | - | €27,716 | +€27,716 | |
| Cash at bank and in hand | 54/58 | €324,346 | €236,176 | -€88,169 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,118 | €914 | -€1,203 | -56.8% |
| Total equity and liabilities | 10/49 | €427,132 | €280,864 | -€146,268 | -34.2% |
| Equity | 10/15 | €278,148 | €187,573 | -€90,575 | -32.6% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €190,324 | €131,992 | -€58,332 | -30.6% |
| Distributable reserves | 133 | €190,324 | €131,992 | -€58,332 | -30.6% |
| Profit (loss) carried forward | 14 | €79,714 | €47,471 | -€32,243 | -40.4% |
| Amounts payable | 17/49 | €148,984 | €93,291 | -€55,693 | -37.4% |
| Amounts payable within one year | 42/48 | €96,880 | €93,291 | -€3,589 | -3.7% |
| Trade debts | 44 | €51,035 | €10,142 | -€40,892 | -80.1% |
| Suppliers | 440/4 | €51,035 | €10,142 | -€40,892 | -80.1% |
| Taxes, remuneration and social security | 45 | €19,553 | €12,573 | -€6,980 | -35.7% |
| Taxes | 450/3 | €19,553 | €12,573 | -€6,980 | -35.7% |
| Other amounts payable | 47/48 | €26,292 | €70,576 | +€44,284 | +168.4% |
| Accrued charges and deferred income | 492/3 | €52,104 | - | -€52,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,457 | €4,440 | +€983 | +28.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €135,969 | -€27,630 | -€163,599 | |
| Operating profit (loss) | 9901 | €132,125 | -€32,470 | -€164,595 | |
| Financial income | 75/76B | €601 | €604 | +€2 | +0.4% |
| Recurring financial income | 75 | €601 | €604 | +€2 | +0.4% |
| Financial charges | 65/66B | €156 | €191 | +€35 | +22.4% |
| Recurring financial charges | 65 | €156 | €191 | +€35 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €132,570 | -€32,057 | -€164,627 | |
| Income taxes | 67/77 | €39,097 | €186 | -€38,911 | -99.5% |
| Profit (loss) for the period | 9904 | €93,473 | -€32,243 | -€125,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,473 | -€32,243 | -€125,716 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.