All about them: 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.
All about them
Largest movements
- Cash -€15,289
down €15,289 (-28.6%), from €53,441 to €38,152
mainly Contributions, distributions and other (-€60,989) and Investment in fixed assets (net) (-€8,867)
- Receivables within one year -€14,165
down €14,165 (-42.9%), from €32,993 to €18,828
of which Other amounts receivable: -€10,686
- Tangible fixed assets +€6,386
up €6,386 (+109%), from €5,860 to €12,246
of which Other tangible fixed assets: +€8,280
- Profit (loss) carried forward -€48,943
down €48,943 (-80.2%), from €60,989 to €12,046
- Other debts +€21,293
new in 2025: €21,293
- Tax, wage and social debts +€2,422
up €2,422 (+6,430%), from €38 to €2,460
- Trade debts +€2,316
new in 2025: €2,316
- Gross operating margin -€24,728
down €24,728 (-56.8%), from €43,506 to €18,778
- Taxes -€4,081
down €4,081 (-54.7%), from €7,461 to €3,381
- Other operating charges -€1,723
down €1,723 (-69.7%), from €2,473 to €750
- Depreciation +€1,417
up €1,417 (+133%), from €1,064 to €2,481
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 | €94,252 | €71,340 | -€22,912 | -24.3% |
| Fixed assets | 21/28 | €5,860 | €12,246 | +€6,386 | +109% |
| Tangible fixed assets | 22/27 | €5,860 | €12,246 | +€6,386 | +109% |
| Plant, machinery and equipment | 23 | €5,860 | €3,967 | -€1,894 | -32.3% |
| Other tangible fixed assets | 26 | - | €8,280 | +€8,280 | |
| Current assets | 29/58 | €88,391 | €59,094 | -€29,298 | -33.1% |
| Amounts receivable within one year | 40/41 | €32,993 | €18,828 | -€14,165 | -42.9% |
| Trade receivables | 40 | €13,895 | €10,417 | -€3,479 | -25.0% |
| Other amounts receivable | 41 | €19,097 | €8,411 | -€10,686 | -56.0% |
| Cash at bank and in hand | 54/58 | €53,441 | €38,152 | -€15,289 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,958 | €2,114 | +€156 | +8.0% |
| Total equity and liabilities | 10/49 | €94,252 | €71,340 | -€22,912 | -24.3% |
| Equity | 10/15 | €93,989 | €45,046 | -€48,943 | -52.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,989 | €12,046 | -€48,943 | -80.2% |
| Amounts payable | 17/49 | €263 | €26,294 | +€26,032 | +9,910% |
| Amounts payable within one year | 42/48 | €38 | €26,069 | +€26,032 | +69,104% |
| Trade debts | 44 | - | €2,316 | +€2,316 | |
| Suppliers | 440/4 | - | €2,316 | +€2,316 | |
| Taxes, remuneration and social security | 45 | €38 | €2,460 | +€2,422 | +6,430% |
| Taxes | 450/3 | €38 | €2,460 | +€2,422 | +6,430% |
| Other amounts payable | 47/48 | - | €21,293 | +€21,293 | |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,064 | €2,481 | +€1,417 | +133% |
| Other operating charges | 640/8 | €2,473 | €750 | -€1,723 | -69.7% |
| Gross operating margin | 9900 | €43,506 | €18,778 | -€24,728 | -56.8% |
| Operating profit (loss) | 9901 | €39,969 | €15,547 | -€24,422 | -61.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €141 | €121 | -€21 | -14.5% |
| Recurring financial charges | 65 | €141 | €121 | -€21 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €39,828 | €15,427 | -€24,401 | -61.3% |
| Income taxes | 67/77 | €7,461 | €3,381 | -€4,081 | -54.7% |
| Profit (loss) for the period | 9904 | €32,367 | €12,046 | -€20,321 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,367 | €12,046 | -€20,321 | -62.8% |
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 16 October 2026 via checked.be.