Arts 4 - 20: 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.
Arts 4 - 20
Largest movements
- Cash +€2,908
up €2,908 (+31.3%), from €9,299 to €12,208
mainly Other debts (+€2,412) and Depreciation (+€775)
- Intangible fixed assets -€472
down €472 (-77.2%), from €611 to €139
- Deferred charges and accrued income +€340
up €340 (+53.4%), from €636 to €976
- Tangible fixed assets -€303
down €303 (-66.8%), from €454 to €151
of which Plant, machinery and equipment: -€303
- Other debts +€2,412
up €2,412 (+133%), from €1,809 to €4,220
- Gross operating margin +€3,533
up €3,533, from -€2,194 to €1,339
- Other operating charges -€114
down €114 (-22.1%), from €513 to €400
- Depreciation -€94
down €94 (-10.8%), from €869 to €775
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.
Derived cash bridge
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 | €21,215 | €23,871 | +€2,656 | +12.5% |
| Fixed assets | 21/28 | €1,065 | €290 | -€775 | -72.8% |
| Intangible fixed assets | 21 | €611 | €139 | -€472 | -77.2% |
| Tangible fixed assets | 22/27 | €454 | €151 | -€303 | -66.8% |
| Plant, machinery and equipment | 23 | €454 | €151 | -€303 | -66.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €20,150 | €23,581 | +€3,431 | +17.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €215 | €398 | +€183 | +85.1% |
| Other amounts receivable | 41 | €215 | €398 | +€183 | +85.1% |
| Cash at bank and in hand | 54/58 | €9,299 | €12,208 | +€2,908 | +31.3% |
| Deferred charges and accrued income | 490/1 | €636 | €976 | +€340 | +53.4% |
| Total equity and liabilities | 10/49 | €21,215 | €23,871 | +€2,656 | +12.5% |
| Equity | 10/15 | €19,407 | €19,433 | +€26 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,347 | €11,373 | +€26 | +0.2% |
| Amounts payable | 17/49 | €1,809 | €4,438 | +€2,629 | +145% |
| Amounts payable within one year | 42/48 | €1,809 | €4,438 | +€2,629 | +145% |
| Taxes, remuneration and social security | 45 | - | €218 | +€218 | |
| Taxes | 450/3 | - | €218 | +€218 | |
| Other amounts payable | 47/48 | €1,809 | €4,220 | +€2,412 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €775 | -€94 | -10.8% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | -€2,194 | €1,339 | +€3,533 | |
| Operating profit (loss) | 9901 | -€3,576 | €164 | +€3,740 | |
| Financial charges | 65/66B | €158 | €138 | -€20 | -12.4% |
| Recurring financial charges | 65 | €158 | €138 | -€20 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,734 | €26 | +€3,760 | |
| Profit (loss) for the period | 9904 | -€3,734 | €26 | +€3,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,734 | €26 | +€3,760 |
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 30 October 2026 via checked.be.