AR-Top: 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-Top
Largest movements
- Cash -€4,908
down €4,908 (-99.9%), from €4,911 to €3
- Receivables within one year -€2,457
down €2,457 (-51.8%), from €4,746 to €2,289
of which Trade receivables: -€3,061
- Profit (loss) carried forward -€4,260
down €4,260 (-1867.8%), from -€228 to -€4,488
- Advances received -€3,704
no longer reported in 2025 (was €3,704)
- Trade debts +€599
new in 2025: €599
- Gross operating margin +€2,619
up €2,619 (+53.7%), from -€4,879 to -€2,259
- Financial charges -€257
down €257 (-87.3%), from €294 to €38
- Other operating charges +€112
up €112 (+54.2%), from €206 to €318
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,707 | €2,342 | -€7,365 | -75.9% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €9,657 | €2,292 | -€7,365 | -76.3% |
| Amounts receivable within one year | 40/41 | €4,746 | €2,289 | -€2,457 | -51.8% |
| Trade receivables | 40 | €3,061 | - | -€3,061 | |
| Other amounts receivable | 41 | €1,685 | €2,289 | +€604 | +35.8% |
| Cash at bank and in hand | 54/58 | €4,911 | €3 | -€4,908 | -99.9% |
| Total equity and liabilities | 10/49 | €9,707 | €2,342 | -€7,365 | -75.9% |
| Equity | 10/15 | €6,003 | €1,743 | -€4,260 | -71.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31 | €31 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31 | €31 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31 | €31 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228 | -€4,488 | -€4,260 | -1867.8% |
| Amounts payable | 17/49 | €3,704 | €599 | -€3,105 | -83.8% |
| Amounts payable within one year | 42/48 | €3,704 | €599 | -€3,105 | -83.8% |
| Trade debts | 44 | - | €599 | +€599 | |
| Suppliers | 440/4 | - | €599 | +€599 | |
| Advances received on contracts in progress | 46 | €3,704 | - | -€3,704 | |
| Other operating charges | 640/8 | €206 | €318 | +€112 | +54.2% |
| Gross operating margin | 9900 | -€4,879 | -€2,259 | +€2,619 | +53.7% |
| Operating profit (loss) | 9901 | -€5,085 | -€2,578 | +€2,507 | +49.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €294 | €38 | -€257 | -87.3% |
| Recurring financial charges | 65 | €294 | €38 | -€257 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,375 | -€2,615 | +€2,760 | +51.3% |
| Profit (loss) for the period | 9904 | -€5,375 | -€2,615 | +€2,760 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,375 | -€2,615 | +€2,760 | +51.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.