7of9: 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.
7of9
Largest movements
- Cash +€46,801
up €46,801 (+871520.3%), from €5 to €46,806
mainly Net result for the year (+€32,038) and Tax, wage and social debts (+€14,861)
- Tangible fixed assets -€538
no longer reported in 2025 (was €538)
- Reserves +€32,038
up €32,038 (+1722.5%), from €1,860 to €33,898
of which Distributable reserves: +€32,038
- Tax, wage and social debts +€14,861
up €14,861, from €0 to €14,861
- Other debts -€623
down €623 (-3.4%), from €18,064 to €17,441
- Gross operating margin +€49,788
up €49,788, from -€1,760 to €48,028
- Taxes +€14,861
new in 2025: €14,861
- Other operating charges +€569
up €569 (+112.6%), from €505 to €1,074
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 | €704 | €46,980 | +€46,275 | +6569.0% |
| Fixed assets | 21/28 | €538 | - | -€538 | |
| Tangible fixed assets | 22/27 | €538 | - | -€538 | |
| Furniture and vehicles | 24 | €538 | - | -€538 | |
| Current assets | 29/58 | €167 | €46,980 | +€46,813 | +28085.6% |
| Amounts receivable within one year | 40/41 | €161 | €174 | +€12 | +7.7% |
| Other amounts receivable | 41 | €161 | €174 | +€12 | +7.7% |
| Cash at bank and in hand | 54/58 | €5 | €46,806 | +€46,801 | +871520.3% |
| Total equity and liabilities | 10/49 | €704 | €46,980 | +€46,275 | +6569.0% |
| Equity | 10/15 | -€17,359 | €14,678 | +€32,038 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €33,898 | +€32,038 | +1722.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,038 | +€32,038 | |
| Profit (loss) carried forward | 14 | -€37,819 | -€37,819 | = | 0.0% |
| Amounts payable | 17/49 | €18,064 | €32,301 | +€14,238 | +78.8% |
| Amounts payable within one year | 42/48 | €18,064 | €32,301 | +€14,238 | +78.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €14,861 | +€14,861 | |
| Taxes | 450/3 | €0 | €14,861 | +€14,861 | |
| Other amounts payable | 47/48 | €18,064 | €17,441 | -€623 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | - | -€421 | |
| Other operating charges | 640/8 | €505 | €1,074 | +€569 | +112.6% |
| Gross operating margin | 9900 | -€1,760 | €48,028 | +€49,788 | |
| Operating profit (loss) | 9901 | -€2,686 | €46,954 | +€49,640 | |
| Financial charges | 65/66B | €126 | €55 | -€71 | -56.1% |
| Recurring financial charges | 65 | €126 | €55 | -€71 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,812 | €46,898 | +€49,711 | |
| Income taxes | 67/77 | - | €14,861 | +€14,861 | |
| Profit (loss) for the period | 9904 | -€2,812 | €32,038 | +€34,850 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,812 | €32,038 | +€34,850 |
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 10 October 2026 via checked.be.