ADDRELEVANCE: 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.
ADDRELEVANCE
Largest movements
- Cash -€7,593
down €7,593 (-15.0%), from €50,790 to €43,196
mainly Net result for the year (-€7,382) and Accrued charges and deferred income (-€176)
- Profit (loss) carried forward -€7,382
down €7,382 (-3.0%), from -€242,309 to -€249,691
- Gross operating margin +€3,231
up €3,231 (+30.9%), from -€10,443 to -€7,212
- Other operating charges -€453
no longer reported in 2025 (was €453)
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 | €55,128 | €47,667 | -€7,461 | -13.5% |
| Current assets | 29/58 | €55,128 | €47,667 | -€7,461 | -13.5% |
| Amounts receivable within one year | 40/41 | €4,338 | €4,471 | +€133 | +3.1% |
| Trade receivables | 40 | €2,470 | €2,470 | = | 0.0% |
| Other amounts receivable | 41 | €1,869 | €2,001 | +€133 | +7.1% |
| Cash at bank and in hand | 54/58 | €50,790 | €43,196 | -€7,593 | -15.0% |
| Total equity and liabilities | 10/49 | €55,128 | €47,667 | -€7,461 | -13.5% |
| Equity | 10/15 | €33,173 | €25,790 | -€7,382 | -22.3% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €6,882 | €6,882 | = | 0.0% |
| Distributable reserves | 133 | €6,882 | €6,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,309 | -€249,691 | -€7,382 | -3.0% |
| Amounts payable | 17/49 | €21,955 | €21,877 | -€78 | -0.4% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,779 | €1,877 | +€97 | +5.5% |
| Trade debts | 44 | €795 | €849 | +€54 | +6.8% |
| Suppliers | 440/4 | €795 | €849 | +€54 | +6.8% |
| Other amounts payable | 47/48 | €984 | €1,028 | +€43 | +4.4% |
| Accrued charges and deferred income | 492/3 | €176 | - | -€176 | |
| Other operating charges | 640/8 | €453 | - | -€453 | |
| Gross operating margin | 9900 | -€10,443 | -€7,212 | +€3,231 | +30.9% |
| Operating profit (loss) | 9901 | -€10,896 | -€7,212 | +€3,684 | +33.8% |
| Financial charges | 65/66B | €248 | €171 | -€78 | -31.3% |
| Recurring financial charges | 65 | €248 | €171 | -€78 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,144 | -€7,382 | +€3,762 | +33.8% |
| Profit (loss) for the period | 9904 | -€11,144 | -€7,382 | +€3,762 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,144 | -€7,382 | +€3,762 | +33.8% |
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 1 October 2026 via checked.be.