BAD: 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.
BAD
Largest movements
- Tangible fixed assets +€8,269
up €8,269 (+224.9%), from €3,677 to €11,946
- Cash +€5,099
up €5,099 (+124.9%), from €4,083 to €9,182
mainly Other debts (+€10,398) and Depreciation (+€2,476)
- Receivables within one year +€554
up €554 (+80.4%), from €689 to €1,243
of which Trade receivables: +€468
- Deferred charges and accrued income +€302
up €302 (+102.1%), from €296 to €599
- Other debts +€10,398
up €10,398 (+149.6%), from €6,949 to €17,347
- Trade debts +€2,380
up €2,380 (+34.3%), from €6,947 to €9,327
- Tax, wage and social debts +€1,446
new in 2025: €1,446
of which Remuneration and social security: +€1,309
- Gross operating margin +€16,876
up €16,876 (+99.4%), from €16,980 to €33,856
- Financial charges +€3,894
up €3,894 (+8653.2%), from €45 to €3,939
- Depreciation -€1,160
down €1,160 (-31.9%), from €3,636 to €2,476
- Staff costs +€566
up €566 (+2.2%), from €25,910 to €26,476
- Other operating charges +€351
up €351 (+57.2%), from €614 to €965
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 | €8,895 | €23,119 | +€14,224 | +159.9% |
| Fixed assets | 21/28 | €3,827 | €12,096 | +€8,269 | +216.1% |
| Tangible fixed assets | 22/27 | €3,677 | €11,946 | +€8,269 | +224.9% |
| Furniture and vehicles | 24 | €3,677 | €11,946 | +€8,269 | +224.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €5,068 | €11,023 | +€5,955 | +117.5% |
| Amounts receivable within one year | 40/41 | €689 | €1,243 | +€554 | +80.4% |
| Trade receivables | 40 | €388 | €855 | +€468 | +120.6% |
| Other amounts receivable | 41 | €301 | €388 | +€86 | +28.6% |
| Cash at bank and in hand | 54/58 | €4,083 | €9,182 | +€5,099 | +124.9% |
| Deferred charges and accrued income | 490/1 | €296 | €599 | +€302 | +102.1% |
| Total equity and liabilities | 10/49 | €8,895 | €23,119 | +€14,224 | +159.9% |
| Equity | 10/15 | -€5,001 | -€5,001 | = | 0.0% |
| Contributions | 10/11 | €8,924 | €8,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,925 | -€13,925 | = | 0.0% |
| Amounts payable | 17/49 | €13,896 | €28,120 | +€14,224 | +102.4% |
| Amounts payable within one year | 42/48 | €13,896 | €28,120 | +€14,224 | +102.4% |
| Trade debts | 44 | €6,947 | €9,327 | +€2,380 | +34.3% |
| Suppliers | 440/4 | €6,947 | €9,327 | +€2,380 | +34.3% |
| Taxes, remuneration and social security | 45 | - | €1,446 | +€1,446 | |
| Taxes | 450/3 | - | €137 | +€137 | |
| Remuneration and social security | 454/9 | - | €1,309 | +€1,309 | |
| Other amounts payable | 47/48 | €6,949 | €17,347 | +€10,398 | +149.6% |
| Remuneration, social security and pensions | 62 | €25,910 | €26,476 | +€566 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,636 | €2,476 | -€1,160 | -31.9% |
| Other operating charges | 640/8 | €614 | €965 | +€351 | +57.2% |
| Non-recurring operating charges | 66A | €785 | - | -€785 | |
| Gross operating margin | 9900 | €16,980 | €33,856 | +€16,876 | +99.4% |
| Operating profit (loss) | 9901 | -€13,965 | €3,939 | +€17,904 | |
| Financial charges | 65/66B | €45 | €3,939 | +€3,894 | +8653.2% |
| Recurring financial charges | 65 | €45 | €3,939 | +€3,894 | +8653.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,010 | €0 | +€14,010 | |
| Profit (loss) for the period | 9904 | -€14,010 | €0 | +€14,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,010 | €0 | +€14,010 |
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 11 October 2026 via checked.be.