BASILE KOTSCHOUBEY: 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.
BASILE KOTSCHOUBEY
Largest movements
- Receivables within one year +€2,158
up €2,158 (+65.2%), from €3,312 to €5,470
of which Trade receivables: +€4,950
- Cash +€815
new in 2025: €815
mainly Trade debts (+€5,117) and Other debts (+€2,646)
- Trade debts +€5,117
up €5,117 (+846%), from €605 to €5,722
- Profit (loss) carried forward -€3,943
down €3,943 (-2.0%), from -€192,483 to -€196,426
- Other debts +€2,646
up €2,646 (+1.5%), from €175,092 to €177,738
- Short-term financial debts -€946
down €946 (-59.7%), from €1,584 to €637
- Accrued charges and deferred income +€93
up €93 (+367%), from €25 to €119
- Gross operating margin +€12,091
up €12,091 (+76.2%), from -€15,866 to -€3,775
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 | €3,426 | €6,390 | +€2,965 | +86.5% |
| Current assets | 29/58 | €3,426 | €6,390 | +€2,965 | +86.5% |
| Amounts receivable within one year | 40/41 | €3,312 | €5,470 | +€2,158 | +65.2% |
| Trade receivables | 40 | - | €4,950 | +€4,950 | |
| Other amounts receivable | 41 | €3,312 | €520 | -€2,792 | -84.3% |
| Cash at bank and in hand | 54/58 | - | €815 | +€815 | |
| Deferred charges and accrued income | 490/1 | €114 | €105 | -€8 | -7.4% |
| Total equity and liabilities | 10/49 | €3,426 | €6,390 | +€2,965 | +86.5% |
| Equity | 10/15 | -€173,883 | -€177,826 | -€3,943 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,483 | -€196,426 | -€3,943 | -2.0% |
| Amounts payable | 17/49 | €177,309 | €184,216 | +€6,908 | +3.9% |
| Amounts payable within one year | 42/48 | €177,283 | €184,098 | +€6,814 | +3.8% |
| Financial debts | 43 | €1,584 | €637 | -€946 | -59.7% |
| Credit institutions | 430/8 | €1,584 | €637 | -€946 | -59.7% |
| Trade debts | 44 | €605 | €5,722 | +€5,117 | +846% |
| Suppliers | 440/4 | €605 | €5,722 | +€5,117 | +846% |
| Taxes, remuneration and social security | 45 | €3 | - | -€3 | |
| Taxes | 450/3 | €3 | - | -€3 | |
| Other amounts payable | 47/48 | €175,092 | €177,738 | +€2,646 | +1.5% |
| Accrued charges and deferred income | 492/3 | €25 | €119 | +€93 | +367% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | - | -€88 | |
| Gross operating margin | 9900 | -€15,866 | -€3,775 | +€12,091 | +76.2% |
| Operating profit (loss) | 9901 | -€15,954 | -€3,775 | +€12,179 | +76.3% |
| Financial charges | 65/66B | €54 | €168 | +€113 | +208% |
| Recurring financial charges | 65 | €54 | €168 | +€113 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€16,009 | -€3,943 | +€12,065 | +75.4% |
| Profit (loss) for the period | 9904 | -€16,009 | -€3,943 | +€12,065 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,009 | -€3,943 | +€12,065 | +75.4% |
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 23 October 2026 via checked.be.