ALPHA - BETA: 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.
ALPHA - BETA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,376 | €112,376 | = | 0.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €112,376 | €112,376 | = | 0.0% |
| Current investments | 50/53 | €112,376 | €112,376 | = | 0.0% |
| Total equity and liabilities | 10/49 | €112,376 | €112,376 | = | 0.0% |
| Equity | 10/15 | €88,204 | €87,645 | -€559 | -0.6% |
| Contributions | 10/11 | €541,945 | €541,945 | = | 0.0% |
| Capital | 10 | €541,945 | €541,945 | = | 0.0% |
| Issued capital | 100 | €541,945 | €541,945 | = | 0.0% |
| Reserves | 13 | €9,734 | €9,734 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,734 | €9,734 | = | 0.0% |
| Legal reserve | 130 | €9,734 | €9,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€463,475 | -€464,034 | -€559 | -0.1% |
| Amounts payable | 17/49 | €24,172 | €24,731 | +€559 | +2.3% |
| Amounts payable within one year | 42/48 | €24,172 | €24,731 | +€559 | +2.3% |
| Other amounts payable | 47/48 | €24,172 | €24,731 | +€559 | +2.3% |
| Other operating charges | 640/8 | €505 | €559 | +€54 | +10.6% |
| Operating profit (loss) | 9901 | -€505 | -€559 | -€54 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€505 | -€559 | -€54 | -10.6% |
| Profit (loss) for the period | 9904 | -€505 | -€559 | -€54 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€505 | -€559 | -€54 | -10.6% |
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 30 September 2026 via checked.be.