AB INITIO: 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.
AB INITIO
Largest movements
- Cash +€8,799
up €8,799 (+68.9%), from €12,776 to €21,575
mainly Net result for the year (+€8,999) and Depreciation (+€5,013)
- Tangible fixed assets -€5,013
down €5,013 (-27.0%), from €18,598 to €13,585
- Receivables within one year -€3,101
down €3,101 (-67.1%), from €4,619 to €1,518
- Profit (loss) carried forward +€8,999
up €8,999 (+54.6%), from -€16,470 to -€7,471
- Other debts -€2,841
down €2,841 (-67.1%), from €4,235 to €1,394
- Trade debts -€2,190
down €2,190 (-78.9%), from €2,777 to €587
- Debts after one year -€2,146
down €2,146 (-22.3%), from €9,641 to €7,495
- Tax, wage and social debts -€1,003
down €1,003 (-55.6%), from €1,804 to €801
- Gross operating margin +€15,454
up €15,454, from -€708 to €14,746
- Depreciation -€505
down €505 (-9.2%), from €5,518 to €5,013
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 | €38,607 | €39,426 | +€819 | +2.1% |
| Fixed assets | 21/28 | €20,122 | €15,109 | -€5,013 | -24.9% |
| Tangible fixed assets | 22/27 | €18,598 | €13,585 | -€5,013 | -27.0% |
| Furniture and vehicles | 24 | €18,598 | €13,585 | -€5,013 | -27.0% |
| Financial fixed assets | 28 | €1,524 | €1,524 | = | 0.0% |
| Current assets | 29/58 | €18,485 | €24,317 | +€5,832 | +31.5% |
| Amounts receivable within one year | 40/41 | €4,619 | €1,518 | -€3,101 | -67.1% |
| Trade receivables | 40 | €4,619 | €1,518 | -€3,101 | -67.1% |
| Cash at bank and in hand | 54/58 | €12,776 | €21,575 | +€8,799 | +68.9% |
| Deferred charges and accrued income | 490/1 | €1,090 | €1,224 | +€134 | +12.3% |
| Total equity and liabilities | 10/49 | €38,607 | €39,426 | +€819 | +2.1% |
| Equity | 10/15 | €20,150 | €29,149 | +€8,999 | +44.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,028 | €18,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,169 | €16,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,470 | -€7,471 | +€8,999 | +54.6% |
| Amounts payable | 17/49 | €18,457 | €10,277 | -€8,180 | -44.3% |
| Amounts payable after more than one year | 17 | €9,641 | €7,495 | -€2,146 | -22.3% |
| Financial debts | 170/4 | €9,641 | €7,495 | -€2,146 | -22.3% |
| Amounts payable within one year | 42/48 | €8,816 | €2,782 | -€6,034 | -68.4% |
| Trade debts | 44 | €2,777 | €587 | -€2,190 | -78.9% |
| Suppliers | 440/4 | €2,777 | €587 | -€2,190 | -78.9% |
| Taxes, remuneration and social security | 45 | €1,804 | €801 | -€1,003 | -55.6% |
| Taxes | 450/3 | €1,804 | €801 | -€1,003 | -55.6% |
| Other amounts payable | 47/48 | €4,235 | €1,394 | -€2,841 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,518 | €5,013 | -€505 | -9.2% |
| Other operating charges | 640/8 | €89 | €100 | +€11 | +12.4% |
| Gross operating margin | 9900 | -€708 | €14,746 | +€15,454 | |
| Operating profit (loss) | 9901 | -€6,315 | €9,633 | +€15,948 | |
| Financial income | 75/76B | €24 | €33 | +€9 | +37.5% |
| Recurring financial income | 75 | €24 | €33 | +€9 | +37.5% |
| Financial charges | 65/66B | €644 | €667 | +€23 | +3.6% |
| Recurring financial charges | 65 | €644 | €667 | +€23 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,935 | €8,999 | +€15,934 | |
| Profit (loss) for the period | 9904 | -€6,935 | €8,999 | +€15,934 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,935 | €8,999 | +€15,934 |
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 7 October 2026 via checked.be.