7 OKTOBER: 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.
7 OKTOBER
Largest movements
- Receivables within one year -€65,171
down €65,171 (-77.5%), from €84,089 to €18,918
- Cash -€10,474
down €10,474 (-66.7%), from €15,707 to €5,233
mainly Contributions, distributions and other (-€92,792) and Debts after one year (-€5,609)
- Tangible fixed assets -€7,034
down €7,034 (-40.4%), from €17,394 to €10,360
- Deferred charges and accrued income -€2,199
down €2,199 (-47.5%), from €4,626 to €2,427
- Reserves -€82,028
no longer reported in 2025 (was €82,028)
- Debts after one year -€5,609
down €5,609 (-46.8%), from €11,997 to €6,388
- Other debts +€4,574
new in 2025: €4,574
- Tax, wage and social debts -€3,281
down €3,281 (-16.9%), from €19,459 to €16,178
- Gross operating margin +€8,309
up €8,309 (+59.8%), from €13,905 to €22,214
- Taxes +€2,352
up €2,352 (+115%), from €2,040 to €4,392
- Depreciation +€1,635
up €1,635 (+26.0%), from €6,281 to €7,916
- Financial income +€1,239
up €1,239 (+73.9%), from €1,676 to €2,915
- Other operating charges +€460
up €460 (+69.0%), from €667 to €1,128
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 | €122,046 | €37,168 | -€84,878 | -69.5% |
| Fixed assets | 21/28 | €17,624 | €10,590 | -€7,034 | -39.9% |
| Tangible fixed assets | 22/27 | €17,394 | €10,360 | -€7,034 | -40.4% |
| Furniture and vehicles | 24 | €17,394 | €10,360 | -€7,034 | -40.4% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €104,421 | €26,577 | -€77,844 | -74.5% |
| Amounts receivable within one year | 40/41 | €84,089 | €18,918 | -€65,171 | -77.5% |
| Other amounts receivable | 41 | €84,089 | €18,918 | -€65,171 | -77.5% |
| Cash at bank and in hand | 54/58 | €15,707 | €5,233 | -€10,474 | -66.7% |
| Deferred charges and accrued income | 490/1 | €4,626 | €2,427 | -€2,199 | -47.5% |
| Total equity and liabilities | 10/49 | €122,046 | €37,168 | -€84,878 | -69.5% |
| Equity | 10/15 | €84,528 | €2,500 | -€82,028 | -97.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,028 | - | -€82,028 | |
| Distributable reserves | 133 | €82,028 | - | -€82,028 | |
| Amounts payable | 17/49 | €37,517 | €34,668 | -€2,850 | -7.6% |
| Amounts payable after more than one year | 17 | €11,997 | €6,388 | -€5,609 | -46.8% |
| Financial debts | 170/4 | €11,997 | €6,388 | -€5,609 | -46.8% |
| Amounts payable within one year | 42/48 | €25,521 | €28,280 | +€2,759 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €5,346 | €5,609 | +€263 | +4.9% |
| Trade debts | 44 | €715 | €1,918 | +€1,203 | +168% |
| Suppliers | 440/4 | €715 | €1,918 | +€1,203 | +168% |
| Taxes, remuneration and social security | 45 | €19,459 | €16,178 | -€3,281 | -16.9% |
| Taxes | 450/3 | €19,459 | €16,178 | -€3,281 | -16.9% |
| Other amounts payable | 47/48 | - | €4,574 | +€4,574 | |
| Non-recurring operating income | 76A | €15,432 | - | -€15,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,281 | €7,916 | +€1,635 | +26.0% |
| Other operating charges | 640/8 | €667 | €1,128 | +€460 | +69.0% |
| Gross operating margin | 9900 | €13,905 | €22,214 | +€8,309 | +59.8% |
| Operating profit (loss) | 9901 | €6,956 | €13,170 | +€6,214 | +89.3% |
| Financial income | 75/76B | €1,676 | €2,915 | +€1,239 | +73.9% |
| Recurring financial income | 75 | €1,676 | €2,915 | +€1,239 | +73.9% |
| Financial charges | 65/66B | €1,149 | €930 | -€219 | -19.1% |
| Recurring financial charges | 65 | €1,149 | €930 | -€219 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €7,484 | €15,155 | +€7,672 | +103% |
| Income taxes | 67/77 | €2,040 | €4,392 | +€2,352 | +115% |
| Profit (loss) for the period | 9904 | €5,444 | €10,763 | +€5,319 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,444 | €10,763 | +€5,319 | +97.7% |
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 17 October 2026 via checked.be.