ANNIX: 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.
ANNIX
Largest movements
- Cash -€7,424
down €7,424 (-57.8%), from €12,844 to €5,421
mainly Other debts (-€6,426) and Receivables within one year (-€2,296)
- Receivables within one year +€2,296
up €2,296 (+135.1%), from €1,700 to €3,996
of which Trade receivables: +€2,400
- Tangible fixed assets -€734
down €734 (-44.8%), from €1,638 to €904
- Other debts -€6,426
down €6,426 (-13.2%), from €48,620 to €42,195
- Profit (loss) carried forward +€1,510
up €1,510 (+2.5%), from -€59,603 to -€58,093
- Trade debts -€799
no longer reported in 2025 (was €799)
- Gross operating margin +€3,428
up €3,428 (+542.8%), from €632 to €4,059
- Depreciation -€652
down €652 (-34.9%), from €1,868 to €1,217
- Financial charges -€158
down €158 (-58.8%), from €269 to €111
- Taxes -€110
down €110 (-75.0%), from €147 to €37
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 | €16,182 | €10,321 | -€5,862 | -36.2% |
| Fixed assets | 21/28 | €1,638 | €904 | -€734 | -44.8% |
| Tangible fixed assets | 22/27 | €1,638 | €904 | -€734 | -44.8% |
| Plant, machinery and equipment | 23 | €1,638 | €904 | -€734 | -44.8% |
| Current assets | 29/58 | €14,544 | €9,417 | -€5,127 | -35.3% |
| Amounts receivable within one year | 40/41 | €1,700 | €3,996 | +€2,296 | +135.1% |
| Trade receivables | 40 | €782 | €3,182 | +€2,400 | +306.7% |
| Other amounts receivable | 41 | €917 | €814 | -€104 | -11.3% |
| Cash at bank and in hand | 54/58 | €12,844 | €5,421 | -€7,424 | -57.8% |
| Total equity and liabilities | 10/49 | €16,182 | €10,321 | -€5,862 | -36.2% |
| Equity | 10/15 | -€33,384 | -€31,874 | +€1,510 | +4.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,219 | €1,219 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,219 | €1,219 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,219 | €1,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,603 | -€58,093 | +€1,510 | +2.5% |
| Amounts payable | 17/49 | €49,566 | €42,195 | -€7,371 | -14.9% |
| Amounts payable within one year | 42/48 | €49,566 | €42,195 | -€7,371 | -14.9% |
| Trade debts | 44 | €799 | - | -€799 | |
| Suppliers | 440/4 | €799 | - | -€799 | |
| Taxes, remuneration and social security | 45 | €147 | - | -€147 | |
| Taxes | 450/3 | €147 | - | -€147 | |
| Other amounts payable | 47/48 | €48,620 | €42,195 | -€6,426 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,868 | €1,217 | -€652 | -34.9% |
| Other operating charges | 640/8 | €1,159 | €1,186 | +€27 | +2.3% |
| Gross operating margin | 9900 | €632 | €4,059 | +€3,428 | +542.8% |
| Operating profit (loss) | 9901 | -€2,396 | €1,657 | +€4,053 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €269 | €111 | -€158 | -58.8% |
| Recurring financial charges | 65 | €269 | €111 | -€158 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,665 | €1,546 | +€4,211 | |
| Income taxes | 67/77 | €147 | €37 | -€110 | -75.0% |
| Profit (loss) for the period | 9904 | -€2,812 | €1,510 | +€4,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,812 | €1,510 | +€4,321 |
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 5 October 2026 via checked.be.