B.2020: 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.
B.2020
Largest movements
- Cash -€10,262
down €10,262 (-14.0%), from €73,104 to €62,841
mainly Net result for the year (-€12,877) and Trade debts (-€3,479)
- Tangible fixed assets -€6,283
down €6,283 (-2.0%), from €308,519 to €302,235
- Profit (loss) carried forward -€12,877
down €12,877 (-61.2%), from -€21,044 to -€33,921
- Other operating charges +€386
up €386 (+20.3%), from €1,905 to €2,291
- Gross operating margin +€107
up €107 (+2.5%), from -€4,193 to -€4,086
- Financial charges +€53
up €53 (+32.3%), from €163 to €216
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 | €383,187 | €367,888 | -€15,299 | -4.0% |
| Fixed assets | 21/28 | €308,519 | €302,235 | -€6,283 | -2.0% |
| Tangible fixed assets | 22/27 | €308,519 | €302,235 | -€6,283 | -2.0% |
| Land and buildings | 22 | €308,519 | €302,235 | -€6,283 | -2.0% |
| Current assets | 29/58 | €74,669 | €65,653 | -€9,016 | -12.1% |
| Amounts receivable within one year | 40/41 | €1,054 | €2,286 | +€1,233 | +117% |
| Trade receivables | 40 | - | €121 | +€121 | |
| Other amounts receivable | 41 | €1,054 | €2,166 | +€1,112 | +106% |
| Cash at bank and in hand | 54/58 | €73,104 | €62,841 | -€10,262 | -14.0% |
| Deferred charges and accrued income | 490/1 | €512 | €525 | +€13 | +2.6% |
| Total equity and liabilities | 10/49 | €383,187 | €367,888 | -€15,299 | -4.0% |
| Equity | 10/15 | €378,956 | €366,079 | -€12,877 | -3.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,044 | -€33,921 | -€12,877 | -61.2% |
| Amounts payable | 17/49 | €4,231 | €1,809 | -€2,423 | -57.3% |
| Amounts payable within one year | 42/48 | €4,180 | €701 | -€3,479 | -83.2% |
| Trade debts | 44 | €4,180 | €701 | -€3,479 | -83.2% |
| Suppliers | 440/4 | €4,180 | €701 | -€3,479 | -83.2% |
| Accrued charges and deferred income | 492/3 | €51 | €1,108 | +€1,057 | +2,074% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,283 | €6,283 | = | 0.0% |
| Other operating charges | 640/8 | €1,905 | €2,291 | +€386 | +20.3% |
| Gross operating margin | 9900 | -€4,193 | -€4,086 | +€107 | +2.5% |
| Operating profit (loss) | 9901 | -€12,381 | -€12,661 | -€279 | -2.3% |
| Financial charges | 65/66B | €163 | €216 | +€53 | +32.3% |
| Recurring financial charges | 65 | €163 | €216 | +€53 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,545 | -€12,877 | -€332 | -2.6% |
| Profit (loss) for the period | 9904 | -€12,545 | -€12,877 | -€332 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,545 | -€12,877 | -€332 | -2.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.