4 JUILLET: 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.
4 JUILLET
Largest movements
- Cash -€25,036
down €25,036 (-58.1%), from €43,094 to €18,058
mainly Net result for the year (-€22,518) and Receivables within one year (-€10,388)
- Receivables within one year +€10,388
up €10,388 (+89.4%), from €11,624 to €22,012
of which Other amounts receivable: +€6,033
- Stocks and contracts +€1,024
up €1,024 (+109%), from €939 to €1,963
- Tangible fixed assets -€772
down €772 (-50.0%), from €1,545 to €773
- Profit (loss) carried forward -€22,518
down €22,518, from €14,350 to -€8,168
- Trade debts +€5,134
up €5,134 (+134%), from €3,829 to €8,963
- Other debts +€3,766
up €3,766 (+2,662%), from €141 to €3,907
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Reserves -€1,860
down €1,860 (-10.4%), from €17,860 to €16,000
of which Non-distributable reserves: -€1,860
- Gross operating margin -€48,669
down €48,669, from €28,851 to -€19,818
- Taxes -€5,727
down €5,727 (-97.6%), from €5,867 to €141
- Financial charges -€3,902
down €3,902 (-77.4%), from €5,042 to €1,140
of which Non-recurring financial charges: -€3,671
- Other operating charges -€426
down €426 (-35.6%), from €1,196 to €770
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 | €57,983 | €43,587 | -€14,395 | -24.8% |
| Formation expenses | 20 | €6 | - | -€6 | |
| Fixed assets | 21/28 | €2,045 | €1,273 | -€772 | -37.8% |
| Tangible fixed assets | 22/27 | €1,545 | €773 | -€772 | -50.0% |
| Furniture and vehicles | 24 | €1,545 | €773 | -€772 | -50.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €55,931 | €42,314 | -€13,617 | -24.3% |
| Stocks and contracts in progress | 3 | €939 | €1,963 | +€1,024 | +109% |
| Stocks | 30/36 | €939 | €1,963 | +€1,024 | +109% |
| Amounts receivable within one year | 40/41 | €11,624 | €22,012 | +€10,388 | +89.4% |
| Trade receivables | 40 | €11,624 | €15,980 | +€4,355 | +37.5% |
| Other amounts receivable | 41 | - | €6,033 | +€6,033 | |
| Cash at bank and in hand | 54/58 | €43,094 | €18,058 | -€25,036 | -58.1% |
| Deferred charges and accrued income | 490/1 | €274 | €280 | +€7 | +2.4% |
| Total equity and liabilities | 10/49 | €57,983 | €43,587 | -€14,395 | -24.8% |
| Equity | 10/15 | €38,410 | €15,892 | -€22,518 | -58.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €17,860 | €16,000 | -€1,860 | -10.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,350 | -€8,168 | -€22,518 | |
| Amounts payable | 17/49 | €19,572 | €27,695 | +€8,123 | +41.5% |
| Amounts payable within one year | 42/48 | €19,572 | €27,695 | +€8,123 | +41.5% |
| Trade debts | 44 | €3,829 | €8,963 | +€5,134 | +134% |
| Suppliers | 440/4 | €3,829 | €8,963 | +€5,134 | +134% |
| Advances received on contracts in progress | 46 | €1,542 | - | -€1,542 | |
| Taxes, remuneration and social security | 45 | €14,060 | €14,825 | +€765 | +5.4% |
| Taxes | 450/3 | €14,060 | €10,825 | -€3,235 | -23.0% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €141 | €3,907 | +€3,766 | +2,662% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €772 | = | 0.0% |
| Other operating charges | 640/8 | €1,196 | €770 | -€426 | -35.6% |
| Gross operating margin | 9900 | €28,851 | -€19,818 | -€48,669 | |
| Operating profit (loss) | 9901 | €26,883 | -€21,360 | -€48,243 | |
| Financial income | 75/76B | €34 | €123 | +€89 | +264% |
| Recurring financial income | 75 | €34 | €123 | +€89 | +264% |
| Financial charges | 65/66B | €5,042 | €1,140 | -€3,902 | -77.4% |
| Recurring financial charges | 65 | €1,371 | €1,140 | -€231 | -16.9% |
| Non-recurring financial charges | 66B | €3,671 | - | -€3,671 | |
| Profit (loss) for the period before taxes | 9903 | €21,875 | -€22,377 | -€44,252 | |
| Income taxes | 67/77 | €5,867 | €141 | -€5,727 | -97.6% |
| Profit (loss) for the period | 9904 | €16,007 | -€22,518 | -€38,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,007 | -€22,518 | -€38,525 |
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 24 October 2026 via checked.be.