AS - GS: 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.
AS - GS
Largest movements
- Cash -€18,651
down €18,651 (-12.4%), from €150,430 to €131,779
mainly Net result for the year (-€24,086)
- Profit (loss) carried forward -€24,086
down €24,086 (-8.2%), from €292,397 to €268,311
- Gross operating margin -€10,556
down €10,556 (-84.1%), from -€12,554 to -€23,110
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 | €562,871 | €541,142 | -€21,729 | -3.9% |
| Current assets | 29/58 | €562,871 | €541,142 | -€21,729 | -3.9% |
| Amounts receivable within one year | 40/41 | €412,441 | €409,363 | -€3,078 | -0.7% |
| Trade receivables | 40 | €406,394 | €406,394 | = | 0.0% |
| Other amounts receivable | 41 | €6,047 | €2,969 | -€3,078 | -50.9% |
| Cash at bank and in hand | 54/58 | €150,430 | €131,779 | -€18,651 | -12.4% |
| Total equity and liabilities | 10/49 | €562,871 | €541,142 | -€21,729 | -3.9% |
| Equity | 10/15 | €348,483 | €324,397 | -€24,086 | -6.9% |
| Contributions | 10/11 | €50,987 | €50,987 | = | 0.0% |
| Reserves | 13 | €5,099 | €5,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,099 | €5,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,099 | €5,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,397 | €268,311 | -€24,086 | -8.2% |
| Amounts payable | 17/49 | €214,388 | €216,745 | +€2,357 | +1.1% |
| Amounts payable after more than one year | 17 | €12,668 | €12,668 | = | 0.0% |
| Other amounts payable | 178/9 | €12,668 | €12,668 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,038 | €196,938 | +€900 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €7,800 | €8,700 | +€900 | +11.5% |
| Suppliers | 440/4 | €7,800 | €8,700 | +€900 | +11.5% |
| Other amounts payable | 47/48 | €158,238 | €158,238 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,682 | €7,139 | +€1,457 | +25.6% |
| Other operating charges | 640/8 | €291 | €294 | +€3 | +1.0% |
| Gross operating margin | 9900 | -€12,554 | -€23,110 | -€10,556 | -84.1% |
| Operating profit (loss) | 9901 | -€12,845 | -€23,404 | -€10,559 | -82.2% |
| Financial income | 75/76B | €681 | €817 | +€136 | +20.0% |
| Recurring financial income | 75 | €681 | €817 | +€136 | +20.0% |
| Financial charges | 65/66B | €1,523 | €1,499 | -€24 | -1.6% |
| Recurring financial charges | 65 | €1,523 | €1,499 | -€24 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,687 | -€24,086 | -€10,399 | -76.0% |
| Income taxes | 67/77 | -€159 | - | +€159 | |
| Profit (loss) for the period | 9904 | -€13,528 | -€24,086 | -€10,558 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,528 | -€24,086 | -€10,558 | -78.0% |
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 6 October 2026 via checked.be.