90 FOLIES: 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.
90 FOLIES
Largest movements
- Cash +€270,084
up €270,084 (+704.1%), from €38,357 to €308,441
mainly Debts after one year (+€433,826) and Other debts (+€145,006)
- Receivables within one year +€243,794
up €243,794 (+42.5%), from €574,282 to €818,075
of which Other amounts receivable: +€185,622
- Debts after one year +€433,826
up €433,826 (+46.3%), from €936,223 to €1.4m
- Trade debts -€250,797
down €250,797 (-84.2%), from €297,819 to €47,021
of which Bills of exchange payable: -€250,000
- Other debts +€145,006
up €145,006 (+2748.9%), from €5,275 to €150,281
- Profit (loss) carried forward +€82,251
up €82,251, from -€73,441 to €8,810
- Current portion of long-term debt +€63,593
up €63,593 (+96.5%), from €65,866 to €129,459
- Gross operating margin +€151,463
up €151,463, from -€1,612 to €149,851
- Staff costs +€24,813
new in 2025: €24,813
- Financial charges +€6,985
up €6,985 (+25.7%), from €27,230 to €34,215
- Taxes +€3,269
new in 2025: €3,269
- Financial income -€2,584
down €2,584 (-94.1%), from €2,746 to €162
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 | €1,584,337 | €2,094,751 | +€510,413 | +32.2% |
| Fixed assets | 21/28 | €971,699 | €968,235 | -€3,464 | -0.4% |
| Intangible fixed assets | 21 | €13,980 | €11,552 | -€2,429 | -17.4% |
| Tangible fixed assets | 22/27 | €2,718 | €1,682 | -€1,036 | -38.1% |
| Furniture and vehicles | 24 | €2,718 | €1,682 | -€1,036 | -38.1% |
| Financial fixed assets | 28 | €955,000 | €955,001 | +€1 | 0.0% |
| Current assets | 29/58 | €612,639 | €1,126,516 | +€513,877 | +83.9% |
| Amounts receivable within one year | 40/41 | €574,282 | €818,075 | +€243,794 | +42.5% |
| Trade receivables | 40 | €48,141 | €106,313 | +€58,171 | +120.8% |
| Other amounts receivable | 41 | €526,140 | €711,763 | +€185,622 | +35.3% |
| Cash at bank and in hand | 54/58 | €38,357 | €308,441 | +€270,084 | +704.1% |
| Total equity and liabilities | 10/49 | €1,584,337 | €2,094,751 | +€510,413 | +32.2% |
| Equity | 10/15 | €278,659 | €360,910 | +€82,251 | +29.5% |
| Contributions | 10/11 | €352,100 | €352,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,441 | €8,810 | +€82,251 | |
| Amounts payable | 17/49 | €1,305,678 | €1,733,841 | +€428,163 | +32.8% |
| Amounts payable after more than one year | 17 | €936,223 | €1,370,049 | +€433,826 | +46.3% |
| Financial debts | 170/4 | €936,223 | €1,370,049 | +€433,826 | +46.3% |
| Amounts payable within one year | 42/48 | €369,455 | €363,792 | -€5,663 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €65,866 | €129,459 | +€63,593 | +96.5% |
| Trade debts | 44 | €297,819 | €47,021 | -€250,797 | -84.2% |
| Suppliers | 440/4 | €47,819 | €47,021 | -€797 | -1.7% |
| Bills of exchange payable | 441 | €250,000 | - | -€250,000 | |
| Taxes, remuneration and social security | 45 | €495 | €37,031 | +€36,535 | +7377.9% |
| Taxes | 450/3 | €495 | €32,485 | +€31,990 | +6460.0% |
| Remuneration and social security | 454/9 | - | €4,546 | +€4,546 | |
| Other amounts payable | 47/48 | €5,275 | €150,281 | +€145,006 | +2748.9% |
| Remuneration, social security and pensions | 62 | - | €24,813 | +€24,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,010 | €5,065 | +€2,055 | +68.2% |
| Other operating charges | 640/8 | €401 | €400 | -€1 | -0.2% |
| Gross operating margin | 9900 | -€1,612 | €149,851 | +€151,463 | |
| Operating profit (loss) | 9901 | -€5,023 | €119,573 | +€124,596 | |
| Financial income | 75/76B | €2,746 | €162 | -€2,584 | -94.1% |
| Recurring financial income | 75 | €2,746 | €162 | -€2,584 | -94.1% |
| Financial charges | 65/66B | €27,230 | €34,215 | +€6,985 | +25.7% |
| Recurring financial charges | 65 | €27,230 | €34,215 | +€6,985 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,508 | €85,519 | +€115,027 | |
| Income taxes | 67/77 | - | €3,269 | +€3,269 | |
| Profit (loss) for the period | 9904 | -€29,508 | €82,251 | +€111,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,508 | €82,251 | +€111,758 |
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.