B - SOLUTIONS: 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 - SOLUTIONS
Largest movements
- Cash -€132,956
down €132,956 (-99.8%), from €133,261 to €305
mainly Current investments (-€95,521) and Net result for the year (-€24,785)
- Current investments +€95,521
new in 2025: €95,521
- Tangible fixed assets -€4,126
down €4,126 (-24.4%), from €16,876 to €12,751
of which Plant, machinery and equipment: -€4,126
- Profit (loss) carried forward -€24,785
down €24,785 (-14.1%), from -€175,175 to -€199,960
- Other debts -€16,062
down €16,062 (-14.8%), from €108,533 to €92,472
- Tax, wage and social debts -€2,457
down €2,457 (-86.5%), from €2,840 to €383
- Trade debts +€1,548
up €1,548 (+69.5%), from €2,226 to €3,774
- Financial charges -€50,878
down €50,878 (-99.5%), from €51,136 to €258
- Gross operating margin +€16,090
up €16,090 (+42.8%), from -€37,580 to -€21,489
- Depreciation -€1,465
down €1,465 (-26.2%), from €5,591 to €4,126
- Financial income +€816
up €816 (+61.4%), from €1,328 to €2,144
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 | €153,653 | €111,148 | -€42,505 | -27.7% |
| Fixed assets | 21/28 | €16,976 | €12,851 | -€4,126 | -24.3% |
| Tangible fixed assets | 22/27 | €16,876 | €12,751 | -€4,126 | -24.4% |
| Plant, machinery and equipment | 23 | €16,876 | €12,751 | -€4,126 | -24.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €136,677 | €98,297 | -€38,380 | -28.1% |
| Amounts receivable within one year | 40/41 | €1,857 | €1,104 | -€752 | -40.5% |
| Trade receivables | 40 | €0 | €952 | +€952 | |
| Other amounts receivable | 41 | €1,857 | €152 | -€1,704 | -91.8% |
| Current investments | 50/53 | - | €95,521 | +€95,521 | |
| Cash at bank and in hand | 54/58 | €133,261 | €305 | -€132,956 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,559 | €1,367 | -€192 | -12.3% |
| Total equity and liabilities | 10/49 | €153,653 | €111,148 | -€42,505 | -27.7% |
| Equity | 10/15 | €39,293 | €14,508 | -€24,785 | -63.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208,268 | €208,268 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €208,268 | €208,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,175 | -€199,960 | -€24,785 | -14.1% |
| Amounts payable | 17/49 | €114,360 | €96,640 | -€17,721 | -15.5% |
| Amounts payable within one year | 42/48 | €113,610 | €96,640 | -€16,971 | -14.9% |
| Financial debts | 43 | €11 | €11 | = | 0.0% |
| Credit institutions | 430/8 | €11 | €11 | = | 0.0% |
| Trade debts | 44 | €2,226 | €3,774 | +€1,548 | +69.5% |
| Suppliers | 440/4 | €2,226 | €3,774 | +€1,548 | +69.5% |
| Taxes, remuneration and social security | 45 | €2,840 | €383 | -€2,457 | -86.5% |
| Taxes | 450/3 | €2,840 | €383 | -€2,457 | -86.5% |
| Other amounts payable | 47/48 | €108,533 | €92,472 | -€16,062 | -14.8% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,591 | €4,126 | -€1,465 | -26.2% |
| Other operating charges | 640/8 | €835 | €926 | +€91 | +10.9% |
| Gross operating margin | 9900 | -€37,580 | -€21,489 | +€16,090 | +42.8% |
| Operating profit (loss) | 9901 | -€44,006 | -€26,541 | +€17,465 | +39.7% |
| Financial income | 75/76B | €1,328 | €2,144 | +€816 | +61.4% |
| Recurring financial income | 75 | €1,328 | €2,144 | +€816 | +61.4% |
| Financial charges | 65/66B | €51,136 | €258 | -€50,878 | -99.5% |
| Recurring financial charges | 65 | €51,136 | €258 | -€50,878 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€93,813 | -€24,655 | +€69,159 | +73.7% |
| Income taxes | 67/77 | €176 | €130 | -€46 | -26.1% |
| Profit (loss) for the period | 9904 | -€93,989 | -€24,785 | +€69,205 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,989 | -€24,785 | +€69,205 | +73.6% |
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 23 October 2026 via checked.be.