B-EFFECTIVE: 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.
B-EFFECTIVE
Largest movements
- Receivables within one year -€11,852
down €11,852 (-98.8%), from €12,000 to €148
of which Trade receivables: -€12,000
- Cash +€1,150
up €1,150 (+92.9%), from €1,238 to €2,388
mainly Receivables within one year (+€11,852)
- Other debts -€9,883
down €9,883 (-16.5%), from €59,759 to €49,876
- Financial charges -€168
down €168 (-6.8%), from €2,486 to €2,318
- Taxes -€148
new in 2025: -€148
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 | €88,238 | €77,536 | -€10,702 | -12.1% |
| Fixed assets | 21/28 | €75,000 | €75,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €75,000 | €75,000 | = | 0.0% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €13,238 | €2,536 | -€10,702 | -80.8% |
| Amounts receivable within one year | 40/41 | €12,000 | €148 | -€11,852 | -98.8% |
| Trade receivables | 40 | €12,000 | - | -€12,000 | |
| Other amounts receivable | 41 | - | €148 | +€148 | |
| Cash at bank and in hand | 54/58 | €1,238 | €2,388 | +€1,150 | +92.9% |
| Total equity and liabilities | 10/49 | €88,238 | €77,536 | -€10,702 | -12.1% |
| Equity | 10/15 | €28,479 | €27,660 | -€819 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,660 | €20,660 | = | 0.0% |
| Distributable reserves | 133 | €20,660 | €20,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,619 | €800 | -€819 | -50.6% |
| Amounts payable | 17/49 | €59,759 | €49,876 | -€9,883 | -16.5% |
| Amounts payable within one year | 42/48 | €59,759 | €49,876 | -€9,883 | -16.5% |
| Other amounts payable | 47/48 | €59,759 | €49,876 | -€9,883 | -16.5% |
| Other operating charges | 640/8 | €634 | €649 | +€15 | +2.4% |
| Gross operating margin | 9900 | €2,000 | €2,000 | = | 0.0% |
| Operating profit (loss) | 9901 | €1,366 | €1,351 | -€15 | -1.1% |
| Financial charges | 65/66B | €2,486 | €2,318 | -€168 | -6.8% |
| Recurring financial charges | 65 | €2,486 | €2,318 | -€168 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,120 | -€967 | +€153 | +13.7% |
| Income taxes | 67/77 | - | -€148 | -€148 | |
| Profit (loss) for the period | 9904 | -€1,120 | -€819 | +€301 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,120 | -€819 | +€301 | +26.8% |
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 29 September 2026 via checked.be.