AR-SELECTION: 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.
AR-SELECTION
Largest movements
- Tangible fixed assets -€29,084
down €29,084 (-85.9%), from €33,845 to €4,762
- Cash -€17,255
down €17,255 (-97.6%), from €17,675 to €420
mainly Net result for the year (-€28,653) and Other debts (-€28,409)
- Receivables within one year -€10,005
no longer reported in 2025 (was €10,005)
of which Other amounts receivable: -€5,245
- Profit (loss) carried forward -€28,653
down €28,653 (-44.7%), from -€64,045 to -€92,698
- Other debts -€28,409
down €28,409 (-25.4%), from €111,759 to €83,350
- Tax, wage and social debts +€960
up €960 (+140.1%), from €685 to €1,645
of which Taxes: +€1,411
- Other operating charges -€15,614
down €15,614 (-96.4%), from €16,191 to €577
- Gross operating margin -€14,673
down €14,673, from €8,572 to -€6,100
- Depreciation -€6,343
down €6,343 (-79.2%), from €8,014 to €1,670
- Staff costs +€2,829
up €2,829 (+272.5%), from €1,038 to €3,867
- Taxes -€180
no longer reported in 2025 (was €180)
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 | €63,135 | €6,335 | -€56,801 | -90.0% |
| Formation expenses | 20 | €579 | €325 | -€254 | -43.9% |
| Fixed assets | 21/28 | €34,607 | €5,309 | -€29,298 | -84.7% |
| Intangible fixed assets | 21 | €505 | €291 | -€214 | -42.4% |
| Tangible fixed assets | 22/27 | €33,845 | €4,762 | -€29,084 | -85.9% |
| Furniture and vehicles | 24 | €33,845 | €4,762 | -€29,084 | -85.9% |
| Financial fixed assets | 28 | €257 | €257 | = | 0.0% |
| Current assets | 29/58 | €27,949 | €700 | -€27,249 | -97.5% |
| Amounts receivable within one year | 40/41 | €10,005 | - | -€10,005 | |
| Trade receivables | 40 | €4,760 | - | -€4,760 | |
| Other amounts receivable | 41 | €5,245 | - | -€5,245 | |
| Cash at bank and in hand | 54/58 | €17,675 | €420 | -€17,255 | -97.6% |
| Deferred charges and accrued income | 490/1 | €269 | €280 | +€11 | +4.0% |
| Total equity and liabilities | 10/49 | €63,135 | €6,335 | -€56,801 | -90.0% |
| Equity | 10/15 | -€50,045 | -€78,698 | -€28,653 | -57.3% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,045 | -€92,698 | -€28,653 | -44.7% |
| Amounts payable | 17/49 | €113,180 | €85,032 | -€28,148 | -24.9% |
| Amounts payable within one year | 42/48 | €112,940 | €85,032 | -€27,908 | -24.7% |
| Trade debts | 44 | €496 | €37 | -€459 | -92.5% |
| Suppliers | 440/4 | €496 | €37 | -€459 | -92.5% |
| Taxes, remuneration and social security | 45 | €685 | €1,645 | +€960 | +140.1% |
| Taxes | 450/3 | €234 | €1,645 | +€1,411 | +602.6% |
| Remuneration and social security | 454/9 | €451 | - | -€451 | |
| Other amounts payable | 47/48 | €111,759 | €83,350 | -€28,409 | -25.4% |
| Accrued charges and deferred income | 492/3 | €240 | - | -€240 | |
| Remuneration, social security and pensions | 62 | €1,038 | €3,867 | +€2,829 | +272.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,014 | €1,670 | -€6,343 | -79.2% |
| Other operating charges | 640/8 | €16,191 | €577 | -€15,614 | -96.4% |
| Non-recurring operating charges | 66A | - | €16,381 | +€16,381 | |
| Gross operating margin | 9900 | €8,572 | -€6,100 | -€14,673 | |
| Operating profit (loss) | 9901 | -€16,670 | -€28,596 | -€11,926 | -71.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €164 | €57 | -€108 | -65.5% |
| Recurring financial charges | 65 | €164 | €57 | -€108 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,835 | -€28,653 | -€11,818 | -70.2% |
| Income taxes | 67/77 | €180 | - | -€180 | |
| Profit (loss) for the period | 9904 | -€17,015 | -€28,653 | -€11,638 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,015 | -€28,653 | -€11,638 | -68.4% |
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 12 October 2026 via checked.be.