2 FUNDS: 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 FUNDS
Largest movements
- Cash +€3,471
up €3,471 (+2,005%), from €173 to €3,644
mainly Trade debts (+€5,814) and Other debts (+€4,648)
- Intangible fixed assets +€1,400
new in 2025: €1,400
- Receivables within one year +€338
up €338 (+237%), from €143 to €481
- Formation expenses -€223
down €223 (-39.4%), from €566 to €343
- Trade debts +€5,814
new in 2025: €5,814
- Profit (loss) carried forward -€5,476
down €5,476 (-34.7%), from -€15,785 to -€21,261
- Other debts +€4,648
up €4,648 (+39.8%), from €11,667 to €16,316
- Purchases and services -€2,809
no longer reported in 2025 (was €2,809)
- Gross operating margin -€1,937
down €1,937 (-69.0%), from -€2,809 to -€4,745
- Depreciation +€100
up €100 (+44.8%), from €223 to €323
- Financial charges +€68
up €68 (+67.4%), from €100 to €168
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.
Derived cash bridge
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 | €882 | €5,869 | +€4,986 | +565% |
| Formation expenses | 20 | €566 | €343 | -€223 | -39.4% |
| Fixed assets | 21/28 | - | €1,400 | +€1,400 | |
| Intangible fixed assets | 21 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €316 | €4,126 | +€3,810 | +1,206% |
| Amounts receivable within one year | 40/41 | €143 | €481 | +€338 | +237% |
| Other amounts receivable | 41 | €143 | €481 | +€338 | +237% |
| Cash at bank and in hand | 54/58 | €173 | €3,644 | +€3,471 | +2,005% |
| Total equity and liabilities | 10/49 | €882 | €5,869 | +€4,986 | +565% |
| Equity | 10/15 | -€10,785 | -€16,261 | -€5,476 | -50.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€15,785 | -€21,261 | -€5,476 | -34.7% |
| Amounts payable | 17/49 | €11,667 | €22,130 | +€10,463 | +89.7% |
| Amounts payable within one year | 42/48 | €11,667 | €22,130 | +€10,463 | +89.7% |
| Trade debts | 44 | - | €5,814 | +€5,814 | |
| Suppliers | 440/4 | - | €5,814 | +€5,814 | |
| Other amounts payable | 47/48 | €11,667 | €16,316 | +€4,648 | +39.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,809 | - | -€2,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €323 | +€100 | +44.8% |
| Other operating charges | 640/8 | €266 | €240 | -€26 | -9.8% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | -€2,809 | -€4,745 | -€1,937 | -69.0% |
| Operating profit (loss) | 9901 | -€13,297 | -€5,308 | +€7,989 | +60.1% |
| Financial charges | 65/66B | €100 | €168 | +€68 | +67.4% |
| Recurring financial charges | 65 | €100 | €168 | +€68 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,398 | -€5,476 | +€7,921 | +59.1% |
| Profit (loss) for the period | 9904 | -€13,398 | -€5,476 | +€7,921 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,398 | -€5,476 | +€7,921 | +59.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.