B- FINANCES: 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- FINANCES
Largest movements
- Cash -€55,227
down €55,227 (-41.8%), from €131,987 to €76,760
mainly Other debts (-€42,430) and Contributions, distributions and other (-€24,537)
- Receivables within one year -€26,685
down €26,685 (-70.0%), from €38,141 to €11,456
of which Trade receivables: -€30,000
- Tangible fixed assets -€8,515
down €8,515 (-19.2%), from €44,328 to €35,813
of which Furniture and vehicles: -€5,348
- Other debts -€42,430
down €42,430 (-42.9%), from €98,876 to €56,446
- Reserves -€24,537
down €24,537 (-19.0%), from €129,237 to €104,700
of which Distributable reserves: -€24,537
- Profit (loss) carried forward -€22,889
down €22,889 (-31.1%), from €73,587 to €50,698
- Gross operating margin -€28,181
down €28,181, from €14,293 to -€13,888
- Taxes -€2,306
down €2,306 (-92.9%), from €2,483 to €176
- Other operating charges +€412
up €412 (+66.1%), from €624 to €1,036
- Depreciation +€233
up €233 (+2.8%), from €8,283 to €8,515
- Financial charges -€196
down €196 (-47.0%), from €417 to €221
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 | €323,724 | €233,977 | -€89,747 | -27.7% |
| Fixed assets | 21/28 | €44,328 | €35,813 | -€8,515 | -19.2% |
| Tangible fixed assets | 22/27 | €44,328 | €35,813 | -€8,515 | -19.2% |
| Furniture and vehicles | 24 | €16,894 | €11,547 | -€5,348 | -31.7% |
| Other tangible fixed assets | 26 | €27,434 | €24,266 | -€3,168 | -11.5% |
| Current assets | 29/58 | €279,396 | €198,165 | -€81,231 | -29.1% |
| Amounts receivable after more than one year | 29 | €108,182 | €109,023 | +€841 | +0.8% |
| Other amounts receivable | 291 | €108,182 | €109,023 | +€841 | +0.8% |
| Amounts receivable within one year | 40/41 | €38,141 | €11,456 | -€26,685 | -70.0% |
| Trade receivables | 40 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 41 | €8,141 | €11,456 | +€3,315 | +40.7% |
| Cash at bank and in hand | 54/58 | €131,987 | €76,760 | -€55,227 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,086 | €925 | -€160 | -14.8% |
| Total equity and liabilities | 10/49 | €323,724 | €233,977 | -€89,747 | -27.7% |
| Equity | 10/15 | €221,424 | €173,998 | -€47,426 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,237 | €104,700 | -€24,537 | -19.0% |
| Tax-exempt reserves | 132 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €121,800 | €97,263 | -€24,537 | -20.1% |
| Profit (loss) carried forward | 14 | €73,587 | €50,698 | -€22,889 | -31.1% |
| Amounts payable | 17/49 | €102,300 | €59,980 | -€42,320 | -41.4% |
| Amounts payable within one year | 42/48 | €102,300 | €59,980 | -€42,320 | -41.4% |
| Financial debts | 43 | €161 | €551 | +€390 | +242.1% |
| Credit institutions | 430/8 | €161 | €551 | +€390 | +242.1% |
| Trade debts | 44 | €934 | €478 | -€456 | -48.9% |
| Suppliers | 440/4 | €934 | €478 | -€456 | -48.9% |
| Taxes, remuneration and social security | 45 | €2,329 | €2,505 | +€176 | +7.6% |
| Taxes | 450/3 | €2,329 | €2,505 | +€176 | +7.6% |
| Other amounts payable | 47/48 | €98,876 | €56,446 | -€42,430 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,283 | €8,515 | +€233 | +2.8% |
| Other operating charges | 640/8 | €624 | €1,036 | +€412 | +66.1% |
| Gross operating margin | 9900 | €14,293 | -€13,888 | -€28,181 | |
| Operating profit (loss) | 9901 | €5,386 | -€23,439 | -€28,825 | |
| Financial income | 75/76B | €846 | €947 | +€100 | +11.8% |
| Recurring financial income | 75 | €846 | €947 | +€100 | +11.8% |
| Financial charges | 65/66B | €417 | €221 | -€196 | -47.0% |
| Recurring financial charges | 65 | €417 | €221 | -€196 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €5,816 | -€22,713 | -€28,529 | |
| Income taxes | 67/77 | €2,483 | €176 | -€2,306 | -92.9% |
| Profit (loss) for the period | 9904 | €3,333 | -€22,889 | -€26,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,333 | -€22,889 | -€26,223 |
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 12 October 2026 via checked.be.