A2: 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.
A2
Largest movements
- Cash -€71,551
down €71,551 (-38.9%), from €184,110 to €112,559
mainly Deferred charges and accrued income (-€34,123) and Net result for the year (-€15,985)
- Deferred charges and accrued income +€34,123
up €34,123 (+1664.5%), from €2,050 to €36,173
- Receivables within one year +€6,136
up €6,136 (+13.1%), from €46,778 to €52,914
of which Other amounts receivable: +€11,368
- Tangible fixed assets +€4,646
up €4,646 (+113.7%), from €4,086 to €8,732
of which Furniture and vehicles: +€5,362
- Profit (loss) carried forward -€15,985
down €15,985 (-8.7%), from €184,557 to €168,572
- Tax, wage and social debts -€12,388
down €12,388 (-89.2%), from €13,892 to €1,504
- Trade debts +€2,652
new in 2025: €2,652
- Gross operating margin -€29,265
down €29,265, from €21,434 to -€7,831
- Taxes -€4,606
down €4,606 (-90.6%), from €5,083 to €477
- Depreciation +€475
up €475 (+10.0%), from €4,757 to €5,232
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 | €238,460 | €210,378 | -€28,082 | -11.8% |
| Fixed assets | 21/28 | €5,522 | €8,732 | +€3,210 | +58.1% |
| Tangible fixed assets | 22/27 | €4,086 | €8,732 | +€4,646 | +113.7% |
| Plant, machinery and equipment | 23 | €4,086 | €3,370 | -€716 | -17.5% |
| Furniture and vehicles | 24 | - | €5,362 | +€5,362 | |
| Financial fixed assets | 28 | €1,436 | - | -€1,436 | |
| Current assets | 29/58 | €232,938 | €201,646 | -€31,292 | -13.4% |
| Amounts receivable within one year | 40/41 | €46,778 | €52,914 | +€6,136 | +13.1% |
| Trade receivables | 40 | €41,565 | €36,333 | -€5,232 | -12.6% |
| Other amounts receivable | 41 | €5,213 | €16,581 | +€11,368 | +218.1% |
| Cash at bank and in hand | 54/58 | €184,110 | €112,559 | -€71,551 | -38.9% |
| Deferred charges and accrued income | 490/1 | €2,050 | €36,173 | +€34,123 | +1664.5% |
| Total equity and liabilities | 10/49 | €238,460 | €210,378 | -€28,082 | -11.8% |
| Equity | 10/15 | €222,207 | €206,222 | -€15,985 | -7.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €17,190 | €17,190 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,190 | €17,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,557 | €168,572 | -€15,985 | -8.7% |
| Amounts payable | 17/49 | €16,253 | €4,156 | -€12,097 | -74.4% |
| Amounts payable within one year | 42/48 | €16,253 | €4,156 | -€12,097 | -74.4% |
| Trade debts | 44 | - | €2,652 | +€2,652 | |
| Suppliers | 440/4 | - | €2,652 | +€2,652 | |
| Taxes, remuneration and social security | 45 | €13,892 | €1,504 | -€12,388 | -89.2% |
| Taxes | 450/3 | €13,892 | €1,504 | -€12,388 | -89.2% |
| Other amounts payable | 47/48 | €2,361 | - | -€2,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,757 | €5,232 | +€475 | +10.0% |
| Other operating charges | 640/8 | €1,027 | €1,125 | +€98 | +9.5% |
| Gross operating margin | 9900 | €21,434 | -€7,831 | -€29,265 | |
| Operating profit (loss) | 9901 | €15,650 | -€14,188 | -€29,838 | |
| Financial income | 75/76B | €512 | €722 | +€210 | +41.0% |
| Recurring financial income | 75 | €512 | €722 | +€210 | +41.0% |
| Financial charges | 65/66B | €2,114 | €2,042 | -€72 | -3.4% |
| Recurring financial charges | 65 | €2,114 | €2,042 | -€72 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €14,048 | -€15,508 | -€29,556 | |
| Income taxes | 67/77 | €5,083 | €477 | -€4,606 | -90.6% |
| Profit (loss) for the period | 9904 | €8,965 | -€15,985 | -€24,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,965 | -€15,985 | -€24,950 |
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 9 October 2026 via checked.be.