2D: what changed
Two fiscal 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.
2D
Largest movements
- Receivables within one year +€41,640
up €41,640 (+2.2%), from €1.9m to €2.0m
of which Other amounts receivable: +€41,747
- Cash -€29,823
down €29,823 (-88.8%), from €33,577 to €3,755
mainly Receivables within one year (-€41,640) and Tax, wage and social debts (-€3,401)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€240,601
down €240,601, from €227,207 to -€13,394
- Depreciation -€225,000
down €225,000 (-100.0%), from €225,000 to €0
- Financial charges -€15,645
down €15,645 (-78.9%), from €19,825 to €4,180
- Financial income -€14,550
down €14,550 (-34.8%), from €41,797 to €27,247
- Taxes -€3,401
down €3,401 (-59.7%), from €5,693 to €2,292
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 | €2,058,409 | €2,060,800 | +€2,391 | +0.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €2,058,409 | €2,060,800 | +€2,391 | +0.1% |
| Stocks and contracts in progress | 3 | €112,205 | €103,064 | -€9,141 | -8.1% |
| Stocks | 30/36 | €112,205 | €103,064 | -€9,141 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,912,341 | €1,953,982 | +€41,640 | +2.2% |
| Trade receivables | 40 | €4,656 | €4,549 | -€107 | -2.3% |
| Other amounts receivable | 41 | €1,907,685 | €1,949,432 | +€41,747 | +2.2% |
| Cash at bank and in hand | 54/58 | €33,577 | €3,755 | -€29,823 | -88.8% |
| Deferred charges and accrued income | 490/1 | €285 | €0 | -€285 | -100.0% |
| Total equity and liabilities | 10/49 | €2,058,409 | €2,060,800 | +€2,391 | +0.1% |
| Equity | 10/15 | €1,128,986 | €1,134,982 | +€5,996 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,108,986 | €1,114,982 | +€5,996 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,108,986 | €1,114,982 | +€5,996 | +0.5% |
| Amounts payable | 17/49 | €929,423 | €925,818 | -€3,605 | -0.4% |
| Amounts payable within one year | 42/48 | €928,508 | €924,877 | -€3,631 | -0.4% |
| Financial debts | 43 | €30,852 | €30,852 | = | 0.0% |
| Credit institutions | 430/8 | €30,852 | €30,852 | = | 0.0% |
| Trade debts | 44 | €216 | €222 | +€6 | +2.8% |
| Suppliers | 440/4 | €216 | €222 | +€6 | +2.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,693 | €2,292 | -€3,401 | -59.7% |
| Taxes | 450/3 | €5,693 | €2,292 | -€3,401 | -59.7% |
| Other amounts payable | 47/48 | €891,746 | €891,511 | -€236 | 0.0% |
| Accrued charges and deferred income | 492/3 | €915 | €941 | +€26 | +2.8% |
| Non-recurring operating income | 76A | €61,508 | €0 | -€61,508 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,000 | €0 | -€225,000 | -100.0% |
| Other operating charges | 640/8 | €2,848 | €1,385 | -€1,463 | -51.4% |
| Gross operating margin | 9900 | €227,207 | -€13,394 | -€240,601 | |
| Operating profit (loss) | 9901 | -€641 | -€14,779 | -€14,138 | -2204.7% |
| Financial income | 75/76B | €41,797 | €27,247 | -€14,550 | -34.8% |
| Recurring financial income | 75 | €41,797 | €27,247 | -€14,550 | -34.8% |
| Financial charges | 65/66B | €19,825 | €4,180 | -€15,645 | -78.9% |
| Recurring financial charges | 65 | €19,825 | €4,180 | -€15,645 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €21,332 | €8,288 | -€13,044 | -61.1% |
| Income taxes | 67/77 | €5,693 | €2,292 | -€3,401 | -59.7% |
| Profit (loss) for the period | 9904 | €15,639 | €5,996 | -€9,643 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,639 | €5,996 | -€9,643 | -61.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.