ALTERNATIVE: 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.
ALTERNATIVE
Largest movements
- Tangible fixed assets -€29,140
down €29,140 (-74.9%), from €38,930 to €9,791
- Receivables within one year -€14,837
down €14,837 (-70.3%), from €21,118 to €6,281
of which Other amounts receivable: -€17,347
- Stocks and contracts -€4,480
no longer reported in 2025 (was €4,480)
- Cash -€2,316
down €2,316 (-7.6%), from €30,640 to €28,324
mainly Contributions, distributions and other (-€18,520) and Other debts (-€15,001)
- Deferred charges and accrued income +€1,013
new in 2025: €1,013
- Contributions -€19,000
no longer reported in 2025 (was €19,000)
- Other debts -€15,001
no longer reported in 2025 (was €15,001)
- Profit (loss) carried forward -€8,125
down €8,125 (-18.8%), from €43,169 to €35,044
- Tax, wage and social debts -€4,414
down €4,414 (-43.4%), from €10,170 to €5,756
of which Remuneration and social security: -€6,609
- Trade debts -€3,251
down €3,251 (-57.8%), from €5,620 to €2,369
- Turnover -€165,706
no longer reported in 2025 (was €165,706)
- Purchases and services -€100,369
no longer reported in 2025 (was €100,369)
- Gross operating margin -€43,721
down €43,721 (-66.9%), from €65,337 to €21,616
- Staff costs -€30,485
down €30,485 (-63.0%), from €48,362 to €17,877
- Other operating charges -€7,485
down €7,485 (-84.6%), from €8,852 to €1,367
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 | €95,319 | €45,559 | -€49,760 | -52.2% |
| Fixed assets | 21/28 | €39,080 | €9,941 | -€29,140 | -74.6% |
| Tangible fixed assets | 22/27 | €38,930 | €9,791 | -€29,140 | -74.9% |
| Furniture and vehicles | 24 | €38,930 | €9,791 | -€29,140 | -74.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €56,239 | €35,618 | -€20,620 | -36.7% |
| Stocks and contracts in progress | 3 | €4,480 | - | -€4,480 | |
| Stocks | 30/36 | €4,480 | - | -€4,480 | |
| Amounts receivable within one year | 40/41 | €21,118 | €6,281 | -€14,837 | -70.3% |
| Trade receivables | 40 | - | €2,510 | +€2,510 | |
| Other amounts receivable | 41 | €21,118 | €3,771 | -€17,347 | -82.1% |
| Cash at bank and in hand | 54/58 | €30,640 | €28,324 | -€2,316 | -7.6% |
| Deferred charges and accrued income | 490/1 | - | €1,013 | +€1,013 | |
| Total equity and liabilities | 10/49 | €95,319 | €45,559 | -€49,760 | -52.2% |
| Equity | 10/15 | €64,069 | €36,944 | -€27,125 | -42.3% |
| Contributions | 10/11 | €19,000 | - | -€19,000 | |
| Capital | 10 | €19,000 | - | -€19,000 | |
| Issued capital | 100 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,169 | €35,044 | -€8,125 | -18.8% |
| Amounts payable | 17/49 | €31,250 | €8,615 | -€22,635 | -72.4% |
| Amounts payable within one year | 42/48 | €30,791 | €8,125 | -€22,666 | -73.6% |
| Trade debts | 44 | €5,620 | €2,369 | -€3,251 | -57.8% |
| Suppliers | 440/4 | €5,620 | €2,369 | -€3,251 | -57.8% |
| Taxes, remuneration and social security | 45 | €10,170 | €5,756 | -€4,414 | -43.4% |
| Taxes | 450/3 | €1,649 | €3,844 | +€2,194 | +133.1% |
| Remuneration and social security | 454/9 | €8,521 | €1,912 | -€6,609 | -77.6% |
| Other amounts payable | 47/48 | €15,001 | - | -€15,001 | |
| Accrued charges and deferred income | 492/3 | €459 | €490 | +€31 | +6.7% |
| Turnover | 70 | €165,706 | - | -€165,706 | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,369 | - | -€100,369 | |
| Remuneration, social security and pensions | 62 | €48,362 | €17,877 | -€30,485 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,857 | €3,801 | -€3,055 | -44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,920 | - | -€1,920 | |
| Other operating charges | 640/8 | €8,852 | €1,367 | -€7,485 | -84.6% |
| Non-recurring operating charges | 66A | €480 | €7,091 | +€6,611 | +1377.2% |
| Gross operating margin | 9900 | €65,337 | €21,616 | -€43,721 | -66.9% |
| Operating profit (loss) | 9901 | -€1,134 | -€8,520 | -€7,386 | -651.3% |
| Financial income | 75/76B | €999 | €187 | -€812 | -81.3% |
| Recurring financial income | 75 | €999 | €187 | -€812 | -81.3% |
| Financial charges | 65/66B | €250 | €272 | +€21 | +8.5% |
| Recurring financial charges | 65 | €250 | €272 | +€21 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€386 | -€8,605 | -€8,219 | -2131.1% |
| Income taxes | 67/77 | €1,250 | - | -€1,250 | |
| Profit (loss) for the period | 9904 | -€1,636 | -€8,605 | -€6,969 | -426.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,636 | -€8,605 | -€6,969 | -426.1% |
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.