ANALYSIS RESEARCH MANAGEMENT: 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.
ANALYSIS RESEARCH MANAGEMENT
Largest movements
- Cash -€172
down €172 (-35.2%), from €488 to €316
mainly Net result for the year (-€597)
- Profit (loss) carried forward -€597
down €597 (-2.0%), from -€29,855 to -€30,452
- Trade debts +€425
new in 2025: €425
- Financial income -€1,278
no longer reported in 2025 (was €1,278)
- Gross operating margin +€1,033
up €1,033 (+67.9%), from -€1,522 to -€489
- Purchases and services -€1,033
down €1,033 (-67.9%), from €1,522 to €489
- Financial charges -€35
down €35 (-24.5%), from €143 to €108
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 | €488 | €316 | -€172 | -35.2% |
| Current assets | 29/58 | €488 | €316 | -€172 | -35.2% |
| Cash at bank and in hand | 54/58 | €488 | €316 | -€172 | -35.2% |
| Total equity and liabilities | 10/49 | €488 | €316 | -€172 | -35.2% |
| Equity | 10/15 | -€318 | -€915 | -€597 | -187.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €23,340 | €23,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,907 | €1,907 | = | 0.0% |
| Legal reserve | 130 | €1,907 | €1,907 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,433 | €17,433 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,855 | -€30,452 | -€597 | -2.0% |
| Amounts payable | 17/49 | €806 | €1,231 | +€425 | +52.7% |
| Amounts payable within one year | 42/48 | €806 | €1,231 | +€425 | +52.7% |
| Trade debts | 44 | - | €425 | +€425 | |
| Suppliers | 440/4 | - | €425 | +€425 | |
| Other amounts payable | 47/48 | €806 | €806 | = | 0.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,522 | €489 | -€1,033 | -67.9% |
| Gross operating margin | 9900 | -€1,522 | -€489 | +€1,033 | +67.9% |
| Operating profit (loss) | 9901 | -€1,522 | -€489 | +€1,033 | +67.9% |
| Financial income | 75/76B | €1,278 | - | -€1,278 | |
| Recurring financial income | 75 | €1,278 | - | -€1,278 | |
| Financial charges | 65/66B | €143 | €108 | -€35 | -24.5% |
| Recurring financial charges | 65 | €143 | €108 | -€35 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€387 | -€597 | -€210 | -54.3% |
| Profit (loss) for the period | 9904 | -€387 | -€597 | -€210 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€387 | -€597 | -€210 | -54.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.