ASSET: 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.
ASSET
Largest movements
- Cash -€108,864
down €108,864 (-66.4%), from €163,829 to €54,965
mainly Receivables within one year (-€95,372) and Investment in fixed assets (net) (-€10,435)
- Receivables within one year +€95,372
up €95,372 (+128.7%), from €74,096 to €169,468
- Tangible fixed assets +€10,082
new in 2025: €10,082
- Reserves -€4,330
down €4,330 (-2.5%), from €170,522 to €166,192
of which Distributable reserves: -€4,330
- Gross operating margin -€5,136
down €5,136 (-237.9%), from -€2,159 to -€7,295
- Financial income +€3,957
new in 2025: €3,957
- Depreciation +€353
new in 2025: €353
- Other operating charges +€91
up €91 (+18.1%), from €505 to €597
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 | €237,925 | €234,515 | -€3,410 | -1.4% |
| Fixed assets | 21/28 | - | €10,082 | +€10,082 | |
| Tangible fixed assets | 22/27 | - | €10,082 | +€10,082 | |
| Furniture and vehicles | 24 | - | €10,082 | +€10,082 | |
| Current assets | 29/58 | €237,925 | €224,433 | -€13,492 | -5.7% |
| Amounts receivable within one year | 40/41 | €74,096 | €169,468 | +€95,372 | +128.7% |
| Other amounts receivable | 41 | €74,096 | €169,468 | +€95,372 | +128.7% |
| Cash at bank and in hand | 54/58 | €163,829 | €54,965 | -€108,864 | -66.4% |
| Total equity and liabilities | 10/49 | €237,925 | €234,515 | -€3,410 | -1.4% |
| Equity | 10/15 | €232,022 | €227,692 | -€4,330 | -1.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €170,522 | €166,192 | -€4,330 | -2.5% |
| Non-distributable reserves | 130/1 | €26,649 | €26,649 | = | 0.0% |
| Legal reserve | 130 | €26,649 | €26,649 | = | 0.0% |
| Distributable reserves | 133 | €143,873 | €139,543 | -€4,330 | -3.0% |
| Amounts payable | 17/49 | €5,903 | €6,823 | +€920 | +15.6% |
| Amounts payable within one year | 42/48 | €5,903 | €6,823 | +€920 | +15.6% |
| Trade debts | 44 | €95 | €2,078 | +€1,984 | +2092.8% |
| Suppliers | 440/4 | €95 | €2,078 | +€1,984 | +2092.8% |
| Other amounts payable | 47/48 | €5,809 | €4,745 | -€1,064 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €353 | +€353 | |
| Other operating charges | 640/8 | €505 | €597 | +€91 | +18.1% |
| Gross operating margin | 9900 | -€2,159 | -€7,295 | -€5,136 | -237.9% |
| Operating profit (loss) | 9901 | -€2,664 | -€8,245 | -€5,580 | -209.5% |
| Financial income | 75/76B | - | €3,957 | +€3,957 | |
| Recurring financial income | 75 | - | €3,957 | +€3,957 | |
| Financial charges | 65/66B | €30 | €42 | +€12 | +40.7% |
| Recurring financial charges | 65 | €30 | €42 | +€12 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,694 | -€4,330 | -€1,635 | -60.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,694 | -€4,330 | -€1,635 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,694 | -€4,330 | -€1,635 | -60.7% |
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 5 October 2026 via checked.be.