2 KNOW: 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 KNOW
Largest movements
- Cash +€24,521
up €24,521 (+470.0%), from €5,218 to €29,738
mainly Other debts (+€20,295) and Depreciation (+€13,717)
- Tangible fixed assets -€13,717
down €13,717 (-42.8%), from €32,017 to €18,300
of which Leasing and similar rights: -€11,448
- Receivables within one year -€9,674
down €9,674 (-49.5%), from €19,533 to €9,859
- Deferred charges and accrued income -€1,102
down €1,102 (-33.4%), from €3,298 to €2,196
- Other debts +€20,295
up €20,295 (+196.6%), from €10,326 to €30,621
- Profit (loss) carried forward -€19,499
down €19,499 (-22.7%), from -€85,905 to -€105,404
- Tax, wage and social debts +€11,445
up €11,445 (+505.1%), from €2,266 to €13,711
- Debts after one year -€10,916
no longer reported in 2025 (was €10,916)
- Trade debts -€1,062
down €1,062 (-73.4%), from €1,447 to €384
- Gross operating margin +€59,577
up €59,577 (+96.7%), from -€61,600 to -€2,024
- Depreciation -€1,585
down €1,585 (-10.4%), from €15,302 to €13,717
- Financial charges +€999
up €999 (+227.2%), from €440 to €1,439
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 | €60,965 | €60,993 | +€28 | 0.0% |
| Fixed assets | 21/28 | €32,917 | €19,200 | -€13,717 | -41.7% |
| Tangible fixed assets | 22/27 | €32,017 | €18,300 | -€13,717 | -42.8% |
| Plant, machinery and equipment | 23 | €346 | €173 | -€173 | -50.0% |
| Furniture and vehicles | 24 | €2,629 | €1,672 | -€957 | -36.4% |
| Leasing and similar rights | 25 | €22,896 | €11,448 | -€11,448 | -50.0% |
| Other tangible fixed assets | 26 | €6,145 | €5,006 | -€1,139 | -18.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €28,049 | €41,793 | +€13,745 | +49.0% |
| Amounts receivable within one year | 40/41 | €19,533 | €9,859 | -€9,674 | -49.5% |
| Other amounts receivable | 41 | €19,533 | €9,859 | -€9,674 | -49.5% |
| Cash at bank and in hand | 54/58 | €5,218 | €29,738 | +€24,521 | +470.0% |
| Deferred charges and accrued income | 490/1 | €3,298 | €2,196 | -€1,102 | -33.4% |
| Total equity and liabilities | 10/49 | €60,965 | €60,993 | +€28 | 0.0% |
| Equity | 10/15 | €24,859 | €5,361 | -€19,499 | -78.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,565 | €104,565 | = | 0.0% |
| Distributable reserves | 133 | €104,565 | €104,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,905 | -€105,404 | -€19,499 | -22.7% |
| Amounts payable | 17/49 | €36,106 | €55,632 | +€19,526 | +54.1% |
| Amounts payable after more than one year | 17 | €10,916 | - | -€10,916 | |
| Financial debts | 170/4 | €10,916 | - | -€10,916 | |
| Amounts payable within one year | 42/48 | €25,190 | €55,632 | +€30,442 | +120.8% |
| Current portion of amounts payable after more than one year | 42 | €11,152 | €10,916 | -€236 | -2.1% |
| Trade debts | 44 | €1,447 | €384 | -€1,062 | -73.4% |
| Suppliers | 440/4 | €1,447 | €384 | -€1,062 | -73.4% |
| Taxes, remuneration and social security | 45 | €2,266 | €13,711 | +€11,445 | +505.1% |
| Taxes | 450/3 | €2,266 | €13,711 | +€11,445 | +505.1% |
| Other amounts payable | 47/48 | €10,326 | €30,621 | +€20,295 | +196.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,302 | €13,717 | -€1,585 | -10.4% |
| Other operating charges | 640/8 | €1,727 | €2,154 | +€427 | +24.7% |
| Gross operating margin | 9900 | -€61,600 | -€2,024 | +€59,577 | +96.7% |
| Operating profit (loss) | 9901 | -€78,629 | -€17,895 | +€60,734 | +77.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6500.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6500.0% |
| Financial charges | 65/66B | €440 | €1,439 | +€999 | +227.2% |
| Recurring financial charges | 65 | €440 | €1,439 | +€999 | +227.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,069 | -€19,333 | +€59,735 | +75.5% |
| Income taxes | 67/77 | €166 | €165 | -€1 | -0.6% |
| Profit (loss) for the period | 9904 | -€79,235 | -€19,499 | +€59,736 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,235 | -€19,499 | +€59,736 | +75.4% |
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 9 October 2026 via checked.be.