20 NOVEMBRE: what changed
20 NOVEMBRE
Largest movements
- Tangible fixed assets +€9,609
up €9,609 (+125%), from €7,686 to €17,296
of which Furniture and vehicles: +€9,802
- Receivables within one year +€5,234
up €5,234 (+41.8%), from €12,530 to €17,764
of which Trade receivables: +€4,589
- Deferred charges and accrued income +€2,722
new in 2025: €2,722
- Cash +€1,012
up €1,012 (+23.0%), from €4,397 to €5,409
mainly Other debts (+€26,410) and Depreciation (+€4,381)
- Other debts +€26,410
up €26,410 (+164%), from €16,115 to €42,525
- Profit (loss) carried forward -€12,204
down €12,204 (-160%), from -€7,650 to -€19,853
- Trade debts +€4,370
up €4,370 (+521%), from €839 to €5,209
- Gross operating margin -€5,963
down €5,963 (-487%), from -€1,223 to -€7,186
- Depreciation +€2,119
up €2,119 (+93.7%), from €2,261 to €4,381
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,614 | €43,191 | +€18,577 | +75.5% |
| Fixed assets | 21/28 | €7,686 | €17,296 | +€9,609 | +125% |
| Tangible fixed assets | 22/27 | €7,686 | €17,296 | +€9,609 | +125% |
| Land and buildings | 22 | €7,384 | €7,192 | -€192 | -2.6% |
| Furniture and vehicles | 24 | €303 | €10,104 | +€9,802 | +3,239% |
| Current assets | 29/58 | €16,928 | €25,895 | +€8,968 | +53.0% |
| Amounts receivable within one year | 40/41 | €12,530 | €17,764 | +€5,234 | +41.8% |
| Trade receivables | 40 | - | €4,589 | +€4,589 | |
| Other amounts receivable | 41 | €12,530 | €13,176 | +€645 | +5.2% |
| Cash at bank and in hand | 54/58 | €4,397 | €5,409 | +€1,012 | +23.0% |
| Deferred charges and accrued income | 490/1 | - | €2,722 | +€2,722 | |
| Total equity and liabilities | 10/49 | €24,614 | €43,191 | +€18,577 | +75.5% |
| Equity | 10/15 | €7,660 | -€4,543 | -€12,204 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,110 | €9,110 | = | 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 | €7,250 | €7,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,650 | -€19,853 | -€12,204 | -160% |
| Amounts payable | 17/49 | €16,954 | €47,734 | +€30,781 | +182% |
| Amounts payable within one year | 42/48 | €16,954 | €47,734 | +€30,781 | +182% |
| Trade debts | 44 | €839 | €5,209 | +€4,370 | +521% |
| Suppliers | 440/4 | €839 | €5,209 | +€4,370 | +521% |
| Other amounts payable | 47/48 | €16,115 | €42,525 | +€26,410 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,261 | €4,381 | +€2,119 | +93.7% |
| Other operating charges | 640/8 | €387 | €448 | +€61 | +15.7% |
| Gross operating margin | 9900 | -€1,223 | -€7,186 | -€5,963 | -487% |
| Operating profit (loss) | 9901 | -€3,872 | -€12,015 | -€8,143 | -210% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €233 | €189 | -€44 | -18.8% |
| Recurring financial charges | 65 | €233 | €189 | -€44 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,104 | -€12,204 | -€8,099 | -197% |
| Profit (loss) for the period | 9904 | -€4,104 | -€12,204 | -€8,099 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,104 | -€12,204 | -€8,099 | -197% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.