A - BOM: 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.
A - BOM
Largest movements
- Financial fixed assets -€45,322
no longer reported in 2025 (was €45,322)
- Receivables within one year -€6,188
down €6,188 (-7.9%), from €78,327 to €72,139
of which Other amounts receivable: -€6,085
- Cash +€2,551
up €2,551 (+28.1%), from €9,083 to €11,633
mainly Investment in fixed assets (net) (+€45,322) and Receivables within one year (+€6,188)
- Deferred charges and accrued income -€2,193
down €2,193 (-63.8%), from €3,438 to €1,245
- Tangible fixed assets -€1,550
down €1,550 (-49.9%), from €3,106 to €1,556
of which Plant, machinery and equipment: -€1,457
- Profit (loss) carried forward -€46,687
down €46,687, from €15,984 to -€30,703
- Tax, wage and social debts -€5,364
down €5,364 (-78.6%), from €6,823 to €1,460
- Financial charges +€45,360
up €45,360 (+15187.3%), from €299 to €45,659
- Depreciation -€12,452
down €12,452 (-88.9%), from €14,003 to €1,550
- Gross operating margin -€9,118
down €9,118 (-80.3%), from €11,359 to €2,240
- Other operating charges +€273
up €273 (+24.6%), from €1,108 to €1,381
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 | €139,276 | €86,573 | -€52,703 | -37.8% |
| Fixed assets | 21/28 | €48,428 | €1,556 | -€46,872 | -96.8% |
| Tangible fixed assets | 22/27 | €3,106 | €1,556 | -€1,550 | -49.9% |
| Plant, machinery and equipment | 23 | €3,013 | €1,556 | -€1,457 | -48.4% |
| Furniture and vehicles | 24 | €93 | €0 | -€93 | -100.0% |
| Financial fixed assets | 28 | €45,322 | - | -€45,322 | |
| Current assets | 29/58 | €90,847 | €85,017 | -€5,830 | -6.4% |
| Amounts receivable within one year | 40/41 | €78,327 | €72,139 | -€6,188 | -7.9% |
| Trade receivables | 40 | €8,953 | €8,850 | -€103 | -1.1% |
| Other amounts receivable | 41 | €69,374 | €63,289 | -€6,085 | -8.8% |
| Cash at bank and in hand | 54/58 | €9,083 | €11,633 | +€2,551 | +28.1% |
| Deferred charges and accrued income | 490/1 | €3,438 | €1,245 | -€2,193 | -63.8% |
| Total equity and liabilities | 10/49 | €139,276 | €86,573 | -€52,703 | -37.8% |
| Equity | 10/15 | €96,131 | €49,444 | -€46,687 | -48.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,555 | €61,555 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,134 | €14,134 | = | 0.0% |
| Distributable reserves | 133 | €47,420 | €47,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,984 | -€30,703 | -€46,687 | |
| Amounts payable | 17/49 | €43,145 | €37,130 | -€6,015 | -13.9% |
| Amounts payable within one year | 42/48 | €43,145 | €37,130 | -€6,015 | -13.9% |
| Trade debts | 44 | €36,321 | €35,670 | -€651 | -1.8% |
| Suppliers | 440/4 | €36,321 | €35,670 | -€651 | -1.8% |
| Taxes, remuneration and social security | 45 | €6,823 | €1,460 | -€5,364 | -78.6% |
| Taxes | 450/3 | €6,823 | €1,460 | -€5,364 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,003 | €1,550 | -€12,452 | -88.9% |
| Other operating charges | 640/8 | €1,108 | €1,381 | +€273 | +24.6% |
| Gross operating margin | 9900 | €11,359 | €2,240 | -€9,118 | -80.3% |
| Operating profit (loss) | 9901 | -€3,752 | -€690 | +€3,061 | +81.6% |
| Financial income | 75/76B | €10 | €18 | +€8 | +75.2% |
| Recurring financial income | 75 | €10 | €18 | +€8 | +75.2% |
| Financial charges | 65/66B | €299 | €45,659 | +€45,360 | +15187.3% |
| Recurring financial charges | 65 | €299 | €45,659 | +€45,360 | +15187.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,040 | -€46,331 | -€42,291 | -1046.7% |
| Income taxes | 67/77 | €360 | €357 | -€3 | -0.9% |
| Profit (loss) for the period | 9904 | -€4,400 | -€46,687 | -€42,287 | -961.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,400 | -€46,687 | -€42,287 | -961.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.