BALANCE CARREE: 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.
BALANCE CARREE
Largest movements
- Cash -€24,890
down €24,890 (-31.4%), from €79,324 to €54,434
mainly Contributions, distributions and other (-€148,949) and Other debts (-€36,273)
- Receivables within one year +€16,303
new in 2025: €16,303
- Tangible fixed assets -€7,412
down €7,412 (-25.4%), from €29,146 to €21,734
- Debts after one year +€70,000
new in 2025: €70,000
- Reserves -€53,949
down €53,949 (-28.8%), from €187,265 to €133,316
- Other debts -€36,273
down €36,273 (-60.3%), from €60,193 to €23,919
- Tax, wage and social debts +€5,996
up €5,996 (+156%), from €3,835 to €9,831
- Gross operating margin -€6,827
down €6,827 (-4.8%), from €141,644 to €134,817
- Taxes -€1,793
down €1,793 (-5.1%), from €35,149 to €33,357
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 | €258,834 | €242,850 | -€15,983 | -6.2% |
| Fixed assets | 21/28 | €179,146 | €171,734 | -€7,412 | -4.1% |
| Tangible fixed assets | 22/27 | €29,146 | €21,734 | -€7,412 | -25.4% |
| Furniture and vehicles | 24 | €29,146 | €21,734 | -€7,412 | -25.4% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €79,688 | €71,117 | -€8,571 | -10.8% |
| Amounts receivable within one year | 40/41 | - | €16,303 | +€16,303 | |
| Trade receivables | 40 | - | €16,303 | +€16,303 | |
| Cash at bank and in hand | 54/58 | €79,324 | €54,434 | -€24,890 | -31.4% |
| Deferred charges and accrued income | 490/1 | €364 | €380 | +€16 | +4.5% |
| Total equity and liabilities | 10/49 | €258,834 | €242,850 | -€15,983 | -6.2% |
| Equity | 10/15 | €194,456 | €138,801 | -€55,655 | -28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,265 | €133,316 | -€53,949 | -28.8% |
| Distributable reserves | 133 | €187,265 | €133,316 | -€53,949 | -28.8% |
| Profit (loss) carried forward | 14 | €2,191 | €485 | -€1,706 | -77.9% |
| Amounts payable | 17/49 | €64,377 | €104,049 | +€39,672 | +61.6% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Other amounts payable | 178/9 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €64,377 | €34,049 | -€30,328 | -47.1% |
| Trade debts | 44 | €350 | €299 | -€51 | -14.7% |
| Suppliers | 440/4 | €350 | €299 | -€51 | -14.7% |
| Taxes, remuneration and social security | 45 | €3,835 | €9,831 | +€5,996 | +156% |
| Taxes | 450/3 | €3,835 | €9,831 | +€5,996 | +156% |
| Other amounts payable | 47/48 | €60,193 | €23,919 | -€36,273 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,274 | €7,412 | +€139 | +1.9% |
| Other operating charges | 640/8 | €2,222 | €1,013 | -€1,209 | -54.4% |
| Gross operating margin | 9900 | €141,644 | €134,817 | -€6,827 | -4.8% |
| Operating profit (loss) | 9901 | €132,148 | €126,391 | -€5,757 | -4.4% |
| Financial income | 75/76B | €286 | €297 | +€11 | +3.9% |
| Recurring financial income | 75 | €286 | €297 | +€11 | +3.9% |
| Financial charges | 65/66B | €94 | €37 | -€56 | -60.4% |
| Recurring financial charges | 65 | €94 | €37 | -€56 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €132,340 | €126,651 | -€5,689 | -4.3% |
| Income taxes | 67/77 | €35,149 | €33,357 | -€1,793 | -5.1% |
| Profit (loss) for the period | 9904 | €97,191 | €93,294 | -€3,897 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,191 | €93,294 | -€3,897 | -4.0% |
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 1 November 2026 via checked.be.