25 NOVEMBRE: 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.
25 NOVEMBRE
Largest movements
- Receivables within one year -€1,173
down €1,173 (-13.9%), from €8,456 to €7,283
- Tangible fixed assets -€421
no longer reported in 2025 (was €421)
- Profit (loss) carried forward -€1,922
down €1,922, from €1,447 to -€475
- Trade debts +€404
up €404 (+58.1%), from €696 to €1,100
- Gross operating margin -€10,709
down €10,709, from €9,206 to -€1,503
- Taxes -€538
no longer reported in 2025 (was €538)
- Other operating charges +€434
up €434 (+112%), from €387 to €821
- Financial income +€193
up €193 (+82.6%), from €234 to €426
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 | €8,879 | €7,361 | -€1,518 | -17.1% |
| Fixed assets | 21/28 | €421 | - | -€421 | |
| Tangible fixed assets | 22/27 | €421 | - | -€421 | |
| Land and buildings | 22 | €421 | - | -€421 | |
| Current assets | 29/58 | €8,457 | €7,361 | -€1,097 | -13.0% |
| Amounts receivable within one year | 40/41 | €8,456 | €7,283 | -€1,173 | -13.9% |
| Other amounts receivable | 41 | €8,456 | €7,283 | -€1,173 | -13.9% |
| Cash at bank and in hand | 54/58 | €2 | €78 | +€76 | +4,368% |
| Total equity and liabilities | 10/49 | €8,879 | €7,361 | -€1,518 | -17.1% |
| Equity | 10/15 | €7,644 | €5,723 | -€1,922 | -25.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,447 | -€475 | -€1,922 | |
| Amounts payable | 17/49 | €1,234 | €1,638 | +€404 | +32.7% |
| Amounts payable within one year | 42/48 | €1,234 | €1,638 | +€404 | +32.7% |
| Trade debts | 44 | €696 | €1,100 | +€404 | +58.1% |
| Suppliers | 440/4 | €696 | €1,100 | +€404 | +58.1% |
| Taxes, remuneration and social security | 45 | €538 | €538 | = | 0.0% |
| Taxes | 450/3 | €538 | €538 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | - | -€70 | |
| Other operating charges | 640/8 | €387 | €821 | +€434 | +112% |
| Gross operating margin | 9900 | €9,206 | -€1,503 | -€10,709 | |
| Operating profit (loss) | 9901 | €8,748 | -€2,324 | -€11,072 | |
| Financial income | 75/76B | €234 | €426 | +€193 | +82.6% |
| Recurring financial income | 75 | €234 | €426 | +€193 | +82.6% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,958 | -€1,922 | -€10,880 | |
| Income taxes | 67/77 | €538 | - | -€538 | |
| Profit (loss) for the period | 9904 | €8,419 | -€1,922 | -€10,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,419 | -€1,922 | -€10,341 |
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 18 October 2026 via checked.be.