ASK Q: 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.
ASK Q
Largest movements
- Receivables within one year +€207,038
up €207,038 (+40.0%), from €517,674 to €724,711
of which Trade receivables: +€235,409
- Cash +€17,534
up €17,534 (+21.9%), from €80,101 to €97,635
mainly Contributions, distributions and other (+€240,000) and Trade debts (+€88,305)
- Intangible fixed assets -€14,873
down €14,873 (-31.9%), from €46,641 to €31,768
- Contributions +€240,000
up €240,000 (+400%), from €60,000 to €300,000
- Short-term financial debts -€158,125
down €158,125 (-60.0%), from €263,451 to €105,326
of which Credit institutions: -€100,000
- Trade debts +€88,305
up €88,305 (+64.7%), from €136,436 to €224,740
- Accrued charges and deferred income +€69,688
up €69,688 (+203%), from €34,373 to €104,060
- Profit (loss) carried forward -€57,474
down €57,474, from €24,572 to -€32,902
- Gross operating margin +€350,717
up €350,717 (+32.5%), from €1.1m to €1.4m
- Staff costs +€255,780
up €255,780 (+21.7%), from €1.2m to €1.4m
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 | €661,215 | €864,948 | +€203,733 | +30.8% |
| Formation expenses | 20 | - | €979 | +€979 | |
| Fixed assets | 21/28 | €60,829 | €39,864 | -€20,966 | -34.5% |
| Intangible fixed assets | 21 | €46,641 | €31,768 | -€14,873 | -31.9% |
| Tangible fixed assets | 22/27 | €14,188 | €8,096 | -€6,093 | -42.9% |
| Furniture and vehicles | 24 | €14,188 | €8,096 | -€6,093 | -42.9% |
| Current assets | 29/58 | €600,385 | €824,105 | +€223,719 | +37.3% |
| Amounts receivable within one year | 40/41 | €517,674 | €724,711 | +€207,038 | +40.0% |
| Trade receivables | 40 | €456,450 | €691,859 | +€235,409 | +51.6% |
| Other amounts receivable | 41 | €61,223 | €32,852 | -€28,371 | -46.3% |
| Cash at bank and in hand | 54/58 | €80,101 | €97,635 | +€17,534 | +21.9% |
| Deferred charges and accrued income | 490/1 | €2,611 | €1,758 | -€852 | -32.7% |
| Total equity and liabilities | 10/49 | €661,215 | €864,948 | +€203,733 | +30.8% |
| Equity | 10/15 | €84,572 | €267,098 | +€182,526 | +216% |
| Contributions | 10/11 | €60,000 | €300,000 | +€240,000 | +400% |
| Profit (loss) carried forward | 14 | €24,572 | -€32,902 | -€57,474 | |
| Amounts payable | 17/49 | €576,643 | €597,850 | +€21,206 | +3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €542,271 | €493,789 | -€48,481 | -8.9% |
| Financial debts | 43 | €263,451 | €105,326 | -€158,125 | -60.0% |
| Credit institutions | 430/8 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other loans | 439 | €63,451 | €5,326 | -€58,125 | -91.6% |
| Trade debts | 44 | €136,436 | €224,740 | +€88,305 | +64.7% |
| Suppliers | 440/4 | €136,436 | €224,740 | +€88,305 | +64.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €142,384 | €163,723 | +€21,339 | +15.0% |
| Taxes | 450/3 | €15,280 | €31,610 | +€16,329 | +107% |
| Remuneration and social security | 454/9 | €127,104 | €132,113 | +€5,009 | +3.9% |
| Accrued charges and deferred income | 492/3 | €34,373 | €104,060 | +€69,688 | +203% |
| Remuneration, social security and pensions | 62 | €1,176,468 | €1,432,247 | +€255,780 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,642 | €23,345 | -€1,298 | -5.3% |
| Other operating charges | 640/8 | €11,189 | €11,140 | -€50 | -0.4% |
| Gross operating margin | 9900 | €1,078,111 | €1,428,828 | +€350,717 | +32.5% |
| Operating profit (loss) | 9901 | -€134,189 | -€37,903 | +€96,285 | +71.8% |
| Financial income | 75/76B | €1 | €3,274 | +€3,272 | +230,430% |
| Recurring financial income | 75 | €1 | €3,274 | +€3,272 | +230,430% |
| Financial charges | 65/66B | €20,588 | €20,187 | -€401 | -1.9% |
| Recurring financial charges | 65 | €20,588 | €20,187 | -€401 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€154,775 | -€54,817 | +€99,958 | +64.6% |
| Income taxes | 67/77 | €2,148 | €2,657 | +€509 | +23.7% |
| Profit (loss) for the period | 9904 | -€156,923 | -€57,474 | +€99,450 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,923 | -€57,474 | +€99,450 | +63.4% |
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 15 October 2026 via checked.be.