A STRAIGHTFORWARD APPROACH: 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.
A STRAIGHTFORWARD APPROACH
Largest movements
- Receivables within one year -€3,305
down €3,305 (-6.6%), from €50,172 to €46,867
of which Other amounts receivable: -€8,110
- Cash -€2,339
down €2,339 (-20.6%), from €11,331 to €8,992
mainly Contributions, distributions and other (-€44,061) and Deferred charges and accrued income (-€1,487)
- Tangible fixed assets -€2,321
down €2,321 (-25.8%), from €9,006 to €6,685
of which Furniture and vehicles: -€1,941
- Deferred charges and accrued income +€1,487
up €1,487 (+53.6%), from €2,776 to €4,264
- Reserves -€38,263
down €38,263 (-57.6%), from €66,416 to €28,153
- Profit (loss) carried forward +€25,000
up €25,000 (+249999900.0%), from €0 to €25,000
- Tax, wage and social debts +€5,156
up €5,156 (+66.7%), from €7,730 to €12,886
of which Taxes: +€5,156
- Trade debts +€1,410
up €1,410, from €0 to €1,410
- Depreciation -€2,315
down €2,315 (-40.1%), from €5,778 to €3,463
- Financial income +€1,005
up €1,005 (+77.2%), from €1,302 to €2,307
- Taxes +€627
up €627 (+7.9%), from €7,898 to €8,526
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 | €79,279 | €72,802 | -€6,478 | -8.2% |
| Fixed assets | 21/28 | €9,006 | €6,685 | -€2,321 | -25.8% |
| Tangible fixed assets | 22/27 | €9,006 | €6,685 | -€2,321 | -25.8% |
| Plant, machinery and equipment | 23 | €873 | €493 | -€380 | -43.5% |
| Furniture and vehicles | 24 | €8,133 | €6,192 | -€1,941 | -23.9% |
| Current assets | 29/58 | €70,273 | €66,116 | -€4,157 | -5.9% |
| Stocks and contracts in progress | 3 | €5,994 | €5,994 | = | 0.0% |
| Stocks | 30/36 | €5,994 | €5,994 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,172 | €46,867 | -€3,305 | -6.6% |
| Trade receivables | 40 | €19,933 | €24,738 | +€4,805 | +24.1% |
| Other amounts receivable | 41 | €30,239 | €22,129 | -€8,110 | -26.8% |
| Cash at bank and in hand | 54/58 | €11,331 | €8,992 | -€2,339 | -20.6% |
| Deferred charges and accrued income | 490/1 | €2,776 | €4,264 | +€1,487 | +53.6% |
| Total equity and liabilities | 10/49 | €79,279 | €72,802 | -€6,478 | -8.2% |
| Equity | 10/15 | €71,416 | €58,153 | -€13,263 | -18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,416 | €28,153 | -€38,263 | -57.6% |
| Distributable reserves | 133 | €66,416 | €28,153 | -€38,263 | -57.6% |
| Profit (loss) carried forward | 14 | €0 | €25,000 | +€25,000 | +249999900.0% |
| Amounts payable | 17/49 | €7,863 | €14,648 | +€6,786 | +86.3% |
| Amounts payable within one year | 42/48 | €7,730 | €14,296 | +€6,566 | +84.9% |
| Trade debts | 44 | €0 | €1,410 | +€1,410 | |
| Suppliers | 440/4 | €0 | €1,410 | +€1,410 | |
| Taxes, remuneration and social security | 45 | €7,730 | €12,886 | +€5,156 | +66.7% |
| Taxes | 450/3 | €7,730 | €12,886 | +€5,156 | +66.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €133 | €353 | +€220 | +165.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,778 | €3,463 | -€2,315 | -40.1% |
| Other operating charges | 640/8 | €1,232 | €878 | -€354 | -28.7% |
| Gross operating margin | 9900 | €41,688 | €41,555 | -€134 | -0.3% |
| Operating profit (loss) | 9901 | €34,678 | €37,214 | +€2,535 | +7.3% |
| Financial income | 75/76B | €1,302 | €2,307 | +€1,005 | +77.2% |
| Recurring financial income | 75 | €1,302 | €2,307 | +€1,005 | +77.2% |
| Financial charges | 65/66B | €171 | €197 | +€26 | +15.2% |
| Recurring financial charges | 65 | €171 | €197 | +€26 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €35,809 | €39,323 | +€3,514 | +9.8% |
| Income taxes | 67/77 | €7,898 | €8,526 | +€627 | +7.9% |
| Profit (loss) for the period | 9904 | €27,911 | €30,798 | +€2,887 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,911 | €30,798 | +€2,887 | +10.3% |
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 11 October 2026 via checked.be.