Balance and Harmony: what changed
Balance and Harmony
Largest movements
- Cash +€51,377
up €51,377 (+148,316%), from €35 to €51,411
mainly Net result for the year (+€43,561) and Other debts (+€7,523)
- Receivables within one year +€3,581
up €3,581 (+88.2%), from €4,062 to €7,643
of which Trade receivables: +€3,653
- Tangible fixed assets +€1,162
new in 2025: €1,162
- Profit (loss) carried forward +€43,561
up €43,561 (+94.6%), from -€46,046 to -€2,485
- Other debts +€7,523
up €7,523 (+20.0%), from €37,682 to €45,205
- Tax, wage and social debts +€3,337
new in 2025: €3,337
- Trade debts +€1,788
new in 2025: €1,788
- Gross operating margin +€41,991
up €41,991 (+1,640%), from €2,560 to €44,551
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,097 | €60,245 | +€56,149 | +1,371% |
| Fixed assets | 21/28 | - | €1,162 | +€1,162 | |
| Tangible fixed assets | 22/27 | - | €1,162 | +€1,162 | |
| Plant, machinery and equipment | 23 | - | €1,162 | +€1,162 | |
| Current assets | 29/58 | €4,097 | €59,083 | +€54,986 | +1,342% |
| Amounts receivable within one year | 40/41 | €4,062 | €7,643 | +€3,581 | +88.2% |
| Trade receivables | 40 | €3,990 | €7,643 | +€3,653 | +91.6% |
| Other amounts receivable | 41 | €72 | €0 | -€72 | -100% |
| Cash at bank and in hand | 54/58 | €35 | €51,411 | +€51,377 | +148,316% |
| Deferred charges and accrued income | 490/1 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €4,097 | €60,245 | +€56,149 | +1,371% |
| Equity | 10/15 | -€33,646 | €9,915 | +€43,561 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,046 | -€2,485 | +€43,561 | +94.6% |
| Amounts payable | 17/49 | €37,743 | €50,331 | +€12,588 | +33.4% |
| Amounts payable within one year | 42/48 | €37,682 | €50,331 | +€12,648 | +33.6% |
| Trade debts | 44 | - | €1,788 | +€1,788 | |
| Suppliers | 440/4 | - | €1,788 | +€1,788 | |
| Taxes, remuneration and social security | 45 | - | €3,337 | +€3,337 | |
| Taxes | 450/3 | - | €3,337 | +€3,337 | |
| Other amounts payable | 47/48 | €37,682 | €45,205 | +€7,523 | +20.0% |
| Accrued charges and deferred income | 492/3 | €61 | €0 | -€61 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €107 | +€107 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €2,560 | €44,551 | +€41,991 | +1,640% |
| Operating profit (loss) | 9901 | €2,032 | €43,901 | +€41,869 | +2,060% |
| Financial charges | 65/66B | €427 | €340 | -€87 | -20.4% |
| Recurring financial charges | 65 | €427 | €340 | -€87 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €1,605 | €43,561 | +€41,956 | +2,614% |
| Profit (loss) for the period | 9904 | €1,605 | €43,561 | +€41,956 | +2,614% |
| Profit (loss) for the period to be appropriated | 9905 | €1,605 | €43,561 | +€41,956 | +2,614% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.