AUGMENTED ANATOMY: 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.
AUGMENTED ANATOMY
Largest movements
- Cash +€162,739
up €162,739 (+373.3%), from €43,591 to €206,330
mainly Contributions, distributions and other (+€1.3m) and Depreciation (+€208,593)
- Receivables within one year +€138,785
up €138,785 (+180.7%), from €76,789 to €215,574
of which Other amounts receivable: +€131,879
- Intangible fixed assets -€100,419
down €100,419 (-21.0%), from €478,515 to €378,095
- Contributions +€1.3m
up €1.3m (+62.3%), from €2.1m to €3.4m
- Profit (loss) carried forward -€872,850
down €872,850 (-36.2%), from -€2.4m to -€3.3m
- Debts after one year -€108,659
down €108,659 (-17.1%), from €633,659 to €525,000
- Current portion of long-term debt -€79,803
down €79,803 (-46.1%), from €173,243 to €93,440
- Tax, wage and social debts -€18,242
down €18,242 (-33.5%), from €54,466 to €36,224
of which Remuneration and social security: -€11,845
- Gross operating margin -€128,324
down €128,324 (-38.1%), from -€337,241 to -€465,565
- Staff costs -€50,278
down €50,278 (-23.8%), from €211,572 to €161,294
- Depreciation +€11,647
up €11,647 (+5.9%), from €196,946 to €208,593
- Financial charges -€11,610
down €11,610 (-30.1%), from €38,588 to €26,979
- Taxes -€4,702
down €4,702 (-88.9%), from €5,291 to €589
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 | €629,753 | €826,662 | +€196,910 | +31.3% |
| Fixed assets | 21/28 | €489,062 | €384,190 | -€104,873 | -21.4% |
| Intangible fixed assets | 21 | €478,515 | €378,095 | -€100,419 | -21.0% |
| Tangible fixed assets | 22/27 | €6,358 | €1,904 | -€4,453 | -70.0% |
| Plant, machinery and equipment | 23 | €5,015 | €1,582 | -€3,434 | -68.5% |
| Furniture and vehicles | 24 | €1,342 | €323 | -€1,020 | -76.0% |
| Financial fixed assets | 28 | €4,190 | €4,190 | = | 0.0% |
| Current assets | 29/58 | €140,690 | €442,473 | +€301,782 | +214.5% |
| Amounts receivable within one year | 40/41 | €76,789 | €215,574 | +€138,785 | +180.7% |
| Trade receivables | 40 | €32,701 | €39,607 | +€6,906 | +21.1% |
| Other amounts receivable | 41 | €44,088 | €175,967 | +€131,879 | +299.1% |
| Cash at bank and in hand | 54/58 | €43,591 | €206,330 | +€162,739 | +373.3% |
| Deferred charges and accrued income | 490/1 | €20,310 | €20,568 | +€257 | +1.3% |
| Total equity and liabilities | 10/49 | €629,753 | €826,662 | +€196,910 | +31.3% |
| Equity | 10/15 | -€323,428 | €104,775 | +€428,203 | |
| Contributions | 10/11 | €2,089,073 | €3,390,126 | +€1.3m | +62.3% |
| Profit (loss) carried forward | 14 | -€2,412,501 | -€3,285,352 | -€872,850 | -36.2% |
| Amounts payable | 17/49 | €953,180 | €721,887 | -€231,293 | -24.3% |
| Amounts payable after more than one year | 17 | €633,659 | €525,000 | -€108,659 | -17.1% |
| Financial debts | 170/4 | €633,659 | €525,000 | -€108,659 | -17.1% |
| Amounts payable within one year | 42/48 | €314,796 | €196,887 | -€117,908 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €173,243 | €93,440 | -€79,803 | -46.1% |
| Trade debts | 44 | €55,140 | €43,314 | -€11,825 | -21.4% |
| Suppliers | 440/4 | €55,140 | €43,314 | -€11,825 | -21.4% |
| Advances received on contracts in progress | 46 | - | €1,422 | +€1,422 | |
| Taxes, remuneration and social security | 45 | €54,466 | €36,224 | -€18,242 | -33.5% |
| Taxes | 450/3 | €28,741 | €22,344 | -€6,397 | -22.3% |
| Remuneration and social security | 454/9 | €25,725 | €13,881 | -€11,845 | -46.0% |
| Other amounts payable | 47/48 | €31,947 | €22,486 | -€9,460 | -29.6% |
| Accrued charges and deferred income | 492/3 | €4,725 | - | -€4,725 | |
| Remuneration, social security and pensions | 62 | €211,572 | €161,294 | -€50,278 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,946 | €208,593 | +€11,647 | +5.9% |
| Other operating charges | 640/8 | €12,337 | €10,099 | -€2,238 | -18.1% |
| Gross operating margin | 9900 | -€337,241 | -€465,565 | -€128,324 | -38.1% |
| Operating profit (loss) | 9901 | -€758,095 | -€845,551 | -€87,455 | -11.5% |
| Financial income | 75/76B | €228 | €268 | +€40 | +17.5% |
| Recurring financial income | 75 | €228 | €268 | +€40 | +17.5% |
| Financial charges | 65/66B | €38,588 | €26,979 | -€11,610 | -30.1% |
| Recurring financial charges | 65 | €38,588 | €26,979 | -€11,610 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€796,456 | -€872,261 | -€75,806 | -9.5% |
| Income taxes | 67/77 | €5,291 | €589 | -€4,702 | -88.9% |
| Profit (loss) for the period | 9904 | -€801,746 | -€872,850 | -€71,104 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€801,746 | -€872,850 | -€71,104 | -8.9% |
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 3 October 2026 via checked.be.