27 MINUTES: 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.
27 MINUTES
Largest movements
- Cash -€45,776
down €45,776 (-37.2%), from €123,189 to €77,413
mainly Contributions, distributions and other (-€47,667) and Trade debts (-€4,564)
- Receivables within one year +€1,700
up €1,700 (+134%), from €1,270 to €2,969
of which Other amounts receivable: +€2,729
- Tangible fixed assets -€1,417
down €1,417 (-32.1%), from €4,416 to €2,999
- Reserves -€47,667
down €47,667 (-44.3%), from €107,653 to €59,986
- Profit (loss) carried forward +€6,516
up €6,516 (+227%), from €2,876 to €9,392
- Trade debts -€4,564
no longer reported in 2025 (was €4,564)
- Other debts +€4,282
up €4,282 (+273%), from €1,568 to €5,851
- Tax, wage and social debts -€4,061
down €4,061 (-67.5%), from €6,013 to €1,952
of which Taxes: -€6,013
- Turnover +€43,000
new in 2025: €43,000
- Purchases and services +€35,330
new in 2025: €35,330
- Gross operating margin +€2,412
up €2,412 (+45.9%), from €5,257 to €7,669
- Financial income +€1,848
up €1,848 (+231%), from €802 to €2,650
- Taxes +€796
up €796 (+68.8%), from €1,156 to €1,952
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 | €128,875 | €83,381 | -€45,494 | -35.3% |
| Fixed assets | 21/28 | €4,416 | €2,999 | -€1,417 | -32.1% |
| Tangible fixed assets | 22/27 | €4,416 | €2,999 | -€1,417 | -32.1% |
| Furniture and vehicles | 24 | €4,416 | €2,999 | -€1,417 | -32.1% |
| Current assets | 29/58 | €124,459 | €80,383 | -€44,076 | -35.4% |
| Amounts receivable within one year | 40/41 | €1,270 | €2,969 | +€1,700 | +134% |
| Trade receivables | 40 | €1,029 | - | -€1,029 | |
| Other amounts receivable | 41 | €240 | €2,969 | +€2,729 | +1,135% |
| Cash at bank and in hand | 54/58 | €123,189 | €77,413 | -€45,776 | -37.2% |
| Total equity and liabilities | 10/49 | €128,875 | €83,381 | -€45,494 | -35.3% |
| Equity | 10/15 | €116,729 | €75,578 | -€41,151 | -35.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,653 | €59,986 | -€47,667 | -44.3% |
| Distributable reserves | 133 | €107,653 | €59,986 | -€47,667 | -44.3% |
| Profit (loss) carried forward | 14 | €2,876 | €9,392 | +€6,516 | +227% |
| Amounts payable | 17/49 | €12,146 | €7,803 | -€4,343 | -35.8% |
| Amounts payable within one year | 42/48 | €12,146 | €7,803 | -€4,343 | -35.8% |
| Trade debts | 44 | €4,564 | - | -€4,564 | |
| Suppliers | 440/4 | €4,564 | - | -€4,564 | |
| Taxes, remuneration and social security | 45 | €6,013 | €1,952 | -€4,061 | -67.5% |
| Taxes | 450/3 | €6,013 | - | -€6,013 | |
| Remuneration and social security | 454/9 | - | €1,952 | +€1,952 | |
| Other amounts payable | 47/48 | €1,568 | €5,851 | +€4,282 | +273% |
| Turnover | 70 | - | €43,000 | +€43,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €35,330 | +€35,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | €1,417 | -€176 | -11.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,257 | €7,669 | +€2,412 | +45.9% |
| Operating profit (loss) | 9901 | €3,277 | €5,852 | +€2,576 | +78.6% |
| Financial income | 75/76B | €802 | €2,650 | +€1,848 | +231% |
| Recurring financial income | 75 | €802 | €2,650 | +€1,848 | +231% |
| Financial charges | 65/66B | €46 | €34 | -€12 | -26.0% |
| Recurring financial charges | 65 | €46 | €34 | -€12 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €4,032 | €8,468 | +€4,436 | +110% |
| Income taxes | 67/77 | €1,156 | €1,952 | +€796 | +68.8% |
| Profit (loss) for the period | 9904 | €2,876 | €6,516 | +€3,640 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €2,876 | €6,516 | +€3,640 | +127% |
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 27 October 2026 via checked.be.