Analyse2Connect: 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.
Analyse2Connect
Largest movements
- Cash -€44,016
down €44,016 (-32.4%), from €135,973 to €91,958
mainly Contributions, distributions and other (-€65,629) and Other debts (-€10,187)
- Tangible fixed assets -€11,466
down €11,466 (-70.8%), from €16,199 to €4,733
of which Furniture and vehicles: -€11,689
- Receivables within one year +€2,842
up €2,842 (+467%), from €608 to €3,450
- Reserves -€41,419
down €41,419 (-33.3%), from €124,401 to €82,982
of which Distributable reserves: -€41,419
- Other debts -€10,187
no longer reported in 2025 (was €10,187)
- Gross operating margin -€775
down €775 (-19.1%), from -€4,051 to -€4,826
- Other operating charges +€334
up €334 (+39.6%), from €844 to €1,179
- Depreciation +€267
up €267 (+2.2%), from €11,885 to €12,153
- Taxes -€141
down €141 (-5.2%), from €2,711 to €2,570
- Financial charges +€60
up €60 (+1,989%), from €3 to €63
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 | €152,781 | €101,113 | -€51,668 | -33.8% |
| Fixed assets | 21/28 | €16,200 | €4,734 | -€11,466 | -70.8% |
| Tangible fixed assets | 22/27 | €16,199 | €4,733 | -€11,466 | -70.8% |
| Plant, machinery and equipment | 23 | €613 | €836 | +€223 | +36.5% |
| Furniture and vehicles | 24 | €15,586 | €3,896 | -€11,689 | -75.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €136,582 | €96,379 | -€40,202 | -29.4% |
| Amounts receivable within one year | 40/41 | €608 | €3,450 | +€2,842 | +467% |
| Other amounts receivable | 41 | €608 | €3,450 | +€2,842 | +467% |
| Cash at bank and in hand | 54/58 | €135,973 | €91,958 | -€44,016 | -32.4% |
| Deferred charges and accrued income | 490/1 | - | €972 | +€972 | |
| Total equity and liabilities | 10/49 | €152,781 | €101,113 | -€51,668 | -33.8% |
| Equity | 10/15 | €139,666 | €98,247 | -€41,419 | -29.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,401 | €82,982 | -€41,419 | -33.3% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €120,901 | €79,482 | -€41,419 | -34.3% |
| Profit (loss) carried forward | 14 | €2,865 | €2,865 | = | 0.0% |
| Amounts payable | 17/49 | €13,116 | €2,866 | -€10,249 | -78.1% |
| Amounts payable within one year | 42/48 | €13,116 | €2,866 | -€10,249 | -78.1% |
| Trade debts | 44 | €218 | €296 | +€79 | +36.1% |
| Suppliers | 440/4 | €218 | €296 | +€79 | +36.1% |
| Taxes, remuneration and social security | 45 | €2,711 | €2,570 | -€141 | -5.2% |
| Taxes | 450/3 | €2,711 | €2,570 | -€141 | -5.2% |
| Other amounts payable | 47/48 | €10,187 | - | -€10,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,885 | €12,153 | +€267 | +2.2% |
| Other operating charges | 640/8 | €844 | €1,179 | +€334 | +39.6% |
| Gross operating margin | 9900 | -€4,051 | -€4,826 | -€775 | -19.1% |
| Operating profit (loss) | 9901 | -€16,780 | -€18,157 | -€1,377 | -8.2% |
| Financial income | 75/76B | €45,000 | €45,000 | = | 0.0% |
| Recurring financial income | 75 | €45,000 | €45,000 | = | 0.0% |
| Financial charges | 65/66B | €3 | €63 | +€60 | +1,989% |
| Recurring financial charges | 65 | €3 | €63 | +€60 | +1,989% |
| Profit (loss) for the period before taxes | 9903 | €28,217 | €26,780 | -€1,436 | -5.1% |
| Income taxes | 67/77 | €2,711 | €2,570 | -€141 | -5.2% |
| Profit (loss) for the period | 9904 | €25,505 | €24,210 | -€1,295 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,505 | €24,210 | -€1,295 | -5.1% |
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 15 October 2026 via checked.be.