Ah!: 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.
Ah!
Largest movements
- Cash -€7,242
down €7,242 (-8.5%), from €84,732 to €77,490
mainly Contributions, distributions and other (-€165,873) and Trade debts (-€18,882)
- Tangible fixed assets -€5,707
down €5,707 (-20.4%), from €28,029 to €22,322
- Deferred charges and accrued income -€2,328
down €2,328 (-20.1%), from €11,562 to €9,234
- Other debts +€125,805
up €125,805 (+2,974%), from €4,230 to €130,034
- Reserves -€115,602
no longer reported in 2025 (was €115,602)
of which Distributable reserves: -€113,747
- Trade debts -€18,882
down €18,882 (-87.7%), from €21,520 to €2,639
- Contributions -€18,000
down €18,000 (-97.0%), from €18,550 to €550
- Tax, wage and social debts +€12,940
up €12,940 (+126%), from €10,231 to €23,171
- Gross operating margin +€47,888
up €47,888 (+1,194%), from €4,012 to €51,900
- Taxes +€8,784
up €8,784 (+366%), from €2,397 to €11,181
- Depreciation +€4,884
up €4,884 (+258%), from €1,896 to €6,780
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.
Derived cash bridge
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 | €179,745 | €163,629 | -€16,117 | -9.0% |
| Fixed assets | 21/28 | €28,070 | €22,322 | -€5,748 | -20.5% |
| Tangible fixed assets | 22/27 | €28,029 | €22,322 | -€5,707 | -20.4% |
| Furniture and vehicles | 24 | €28,029 | €22,322 | -€5,707 | -20.4% |
| Financial fixed assets | 28 | €41 | - | -€41 | |
| Current assets | 29/58 | €151,675 | €141,307 | -€10,368 | -6.8% |
| Amounts receivable within one year | 40/41 | €55,381 | €54,582 | -€799 | -1.4% |
| Trade receivables | 40 | €55,378 | €52,661 | -€2,717 | -4.9% |
| Other amounts receivable | 41 | €3 | €1,921 | +€1,919 | +73,507% |
| Cash at bank and in hand | 54/58 | €84,732 | €77,490 | -€7,242 | -8.5% |
| Deferred charges and accrued income | 490/1 | €11,562 | €9,234 | -€2,328 | -20.1% |
| Total equity and liabilities | 10/49 | €179,745 | €163,629 | -€16,117 | -9.0% |
| Equity | 10/15 | €134,152 | €550 | -€133,602 | -99.6% |
| Contributions | 10/11 | €18,550 | €550 | -€18,000 | -97.0% |
| Reserves | 13 | €115,602 | - | -€115,602 | |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €113,747 | - | -€113,747 | |
| Amounts payable | 17/49 | €45,594 | €163,079 | +€117,485 | +258% |
| Amounts payable after more than one year | 17 | €7,235 | €4,767 | -€2,467 | -34.1% |
| Financial debts | 170/4 | €7,235 | €4,767 | -€2,467 | -34.1% |
| Amounts payable within one year | 42/48 | €38,359 | €158,312 | +€119,953 | +313% |
| Current portion of amounts payable after more than one year | 42 | €2,378 | €2,467 | +€90 | +3.8% |
| Trade debts | 44 | €21,520 | €2,639 | -€18,882 | -87.7% |
| Suppliers | 440/4 | €21,520 | €2,639 | -€18,882 | -87.7% |
| Taxes, remuneration and social security | 45 | €10,231 | €23,171 | +€12,940 | +126% |
| Taxes | 450/3 | €10,231 | €23,171 | +€12,940 | +126% |
| Other amounts payable | 47/48 | €4,230 | €130,034 | +€125,805 | +2,974% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €6,780 | +€4,884 | +258% |
| Other operating charges | 640/8 | €833 | €975 | +€143 | +17.1% |
| Gross operating margin | 9900 | €4,012 | €51,900 | +€47,888 | +1,194% |
| Operating profit (loss) | 9901 | €1,283 | €44,145 | +€42,862 | +3,341% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €395 | €692 | +€297 | +75.3% |
| Recurring financial charges | 65 | €395 | €692 | +€297 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €888 | €43,453 | +€42,565 | +4,792% |
| Income taxes | 67/77 | €2,397 | €11,181 | +€8,784 | +366% |
| Profit (loss) for the period | 9904 | -€1,509 | €32,271 | +€33,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,509 | €32,271 | +€33,780 |
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 17 October 2026 via checked.be.