BASELINE: 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.
BASELINE
Largest movements
- Cash -€89,395
down €89,395 (-61.3%), from €145,750 to €56,355
mainly Contributions, distributions and other (-€123,161) and Receivables within one year (-€16,500)
- Receivables within one year +€16,500
up €16,500, from €0 to €16,500
- Current investments +€14,763
up €14,763 (+236%), from €6,260 to €21,023
- Tangible fixed assets -€4,210
down €4,210 (-33.7%), from €12,503 to €8,293
- Reserves -€57,635
down €57,635 (-46.8%), from €123,161 to €65,527
- Other debts -€9,880
down €9,880 (-55.9%), from €17,664 to €7,784
- Tax, wage and social debts +€7,110
up €7,110 (+43.1%), from €16,489 to €23,599
- Taxes -€1,870
down €1,870 (-9.5%), from €19,753 to €17,883
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 | €167,218 | €104,908 | -€62,309 | -37.3% |
| Fixed assets | 21/28 | €12,503 | €8,293 | -€4,210 | -33.7% |
| Tangible fixed assets | 22/27 | €12,503 | €8,293 | -€4,210 | -33.7% |
| Furniture and vehicles | 24 | €12,503 | €8,293 | -€4,210 | -33.7% |
| Current assets | 29/58 | €154,715 | €96,615 | -€58,099 | -37.6% |
| Amounts receivable within one year | 40/41 | €0 | €16,500 | +€16,500 | |
| Trade receivables | 40 | €0 | €16,500 | +€16,500 | |
| Current investments | 50/53 | €6,260 | €21,023 | +€14,763 | +236% |
| Cash at bank and in hand | 54/58 | €145,750 | €56,355 | -€89,395 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,704 | €2,737 | +€33 | +1.2% |
| Total equity and liabilities | 10/49 | €167,218 | €104,908 | -€62,309 | -37.3% |
| Equity | 10/15 | €128,161 | €70,527 | -€57,635 | -45.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,161 | €65,527 | -€57,635 | -46.8% |
| Distributable reserves | 133 | €123,161 | €65,527 | -€57,635 | -46.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,057 | €34,382 | -€4,675 | -12.0% |
| Amounts payable within one year | 42/48 | €37,534 | €33,345 | -€4,188 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,381 | €1,963 | -€1,418 | -42.0% |
| Suppliers | 440/4 | €3,381 | €1,963 | -€1,418 | -42.0% |
| Taxes, remuneration and social security | 45 | €16,489 | €23,599 | +€7,110 | +43.1% |
| Taxes | 450/3 | €16,489 | €23,599 | +€7,110 | +43.1% |
| Other amounts payable | 47/48 | €17,664 | €7,784 | -€9,880 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,523 | €1,036 | -€487 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,210 | €4,210 | = | 0.0% |
| Other operating charges | 640/8 | €897 | €1,095 | +€198 | +22.1% |
| Gross operating margin | 9900 | €88,783 | €88,263 | -€520 | -0.6% |
| Operating profit (loss) | 9901 | €83,676 | €82,959 | -€718 | -0.9% |
| Financial income | 75/76B | €724 | €1,525 | +€801 | +111% |
| Recurring financial income | 75 | €724 | €1,525 | +€801 | +111% |
| Financial charges | 65/66B | €1,106 | €1,075 | -€31 | -2.8% |
| Recurring financial charges | 65 | €1,106 | €1,075 | -€31 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €83,295 | €83,409 | +€115 | +0.1% |
| Income taxes | 67/77 | €19,753 | €17,883 | -€1,870 | -9.5% |
| Profit (loss) for the period | 9904 | €63,542 | €65,527 | +€1,984 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,542 | €65,527 | +€1,984 | +3.1% |
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 17 October 2026 via checked.be.