ANNEJO: 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.
ANNEJO
Largest movements
- Cash -€23,502
down €23,502 (-83.0%), from €28,321 to €4,819
mainly Net result for the year (-€32,196) and Tax, wage and social debts (-€13,316)
- Tangible fixed assets -€10,777
no longer reported in 2025 (was €10,777)
of which Plant, machinery and equipment: -€5,886
- Receivables within one year -€6,333
no longer reported in 2025 (was €6,333)
- Stocks and contracts -€2,860
no longer reported in 2025 (was €2,860)
- Deferred charges and accrued income +€1,461
new in 2025: €1,461
- Profit (loss) carried forward -€32,195
down €32,195, from €18,829 to -€13,366
- Tax, wage and social debts -€13,316
no longer reported in 2025 (was €13,316)
- Other debts +€3,447
up €3,447 (+160.3%), from €2,151 to €5,598
- Trade debts -€967
down €967 (-60.4%), from €1,601 to €634
- Gross operating margin -€60,816
down €60,816, from €45,023 to -€15,793
- Staff costs -€9,698
down €9,698 (-63.7%), from €15,235 to €5,537
- Depreciation +€7,385
up €7,385 (+217.7%), from €3,393 to €10,778
- Taxes -€5,000
no longer reported in 2025 (was €5,000)
- Other operating charges -€2,065
no longer reported in 2025 (was €2,065)
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 | €48,899 | €6,280 | -€42,619 | -87.2% |
| Fixed assets | 21/28 | €11,385 | - | -€11,385 | |
| Tangible fixed assets | 22/27 | €10,777 | - | -€10,777 | |
| Land and buildings | 22 | €4,891 | - | -€4,891 | |
| Plant, machinery and equipment | 23 | €5,886 | - | -€5,886 | |
| Financial fixed assets | 28 | €608 | - | -€608 | |
| Current assets | 29/58 | €37,514 | €6,280 | -€31,234 | -83.3% |
| Stocks and contracts in progress | 3 | €2,860 | - | -€2,860 | |
| Stocks | 30/36 | €2,860 | - | -€2,860 | |
| Amounts receivable within one year | 40/41 | €6,333 | - | -€6,333 | |
| Trade receivables | 40 | €6,333 | - | -€6,333 | |
| Cash at bank and in hand | 54/58 | €28,321 | €4,819 | -€23,502 | -83.0% |
| Deferred charges and accrued income | 490/1 | - | €1,461 | +€1,461 | |
| Total equity and liabilities | 10/49 | €48,899 | €6,280 | -€42,619 | -87.2% |
| Equity | 10/15 | €31,831 | -€364 | -€32,195 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €502 | €502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €502 | €502 | = | 0.0% |
| Reserves not available under the articles | 1311 | €502 | €502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,829 | -€13,366 | -€32,195 | |
| Amounts payable | 17/49 | €17,068 | €6,644 | -€10,424 | -61.1% |
| Amounts payable within one year | 42/48 | €17,068 | €6,232 | -€10,836 | -63.5% |
| Trade debts | 44 | €1,601 | €634 | -€967 | -60.4% |
| Suppliers | 440/4 | €1,601 | €634 | -€967 | -60.4% |
| Taxes, remuneration and social security | 45 | €13,316 | - | -€13,316 | |
| Taxes | 450/3 | €13,316 | - | -€13,316 | |
| Other amounts payable | 47/48 | €2,151 | €5,598 | +€3,447 | +160.3% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Remuneration, social security and pensions | 62 | €15,235 | €5,537 | -€9,698 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,393 | €10,778 | +€7,385 | +217.7% |
| Other operating charges | 640/8 | €2,065 | - | -€2,065 | |
| Gross operating margin | 9900 | €45,023 | -€15,793 | -€60,816 | |
| Operating profit (loss) | 9901 | €24,330 | -€32,108 | -€56,438 | |
| Financial income | 75/76B | €2 | €10 | +€8 | +400.0% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +400.0% |
| Financial charges | 65/66B | €620 | €98 | -€522 | -84.2% |
| Recurring financial charges | 65 | €620 | €98 | -€522 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €23,712 | -€32,196 | -€55,908 | |
| Income taxes | 67/77 | €5,000 | - | -€5,000 | |
| Profit (loss) for the period | 9904 | €18,712 | -€32,196 | -€50,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,712 | -€32,196 | -€50,908 |
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 4 October 2026 via checked.be.