BE APPROVED: what changed
Two fiscal 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.
BE APPROVED
Largest movements
- Tangible fixed assets -€19,566
down €19,566 (-5.3%), from €366,453 to €346,887
- Profit (loss) carried forward -€21,456
down €21,456 (-19.6%), from -€109,446 to -€130,902
- Debts after one year -€6,706
down €6,706 (-26.0%), from €25,743 to €19,038
of which Financial debts: -€3,706
- Gross operating margin -€1,397
down €1,397 (-68.6%), from €2,038 to €641
- Other operating charges +€64
up €64 (+3.2%), from €2,033 to €2,097
- Financial charges -€60
down €60 (-12.2%), from €493 to €433
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 | €375,771 | €351,278 | -€24,493 | -6.5% |
| Fixed assets | 21/28 | €366,453 | €346,887 | -€19,566 | -5.3% |
| Tangible fixed assets | 22/27 | €366,453 | €346,887 | -€19,566 | -5.3% |
| Land and buildings | 22 | €366,453 | €346,887 | -€19,566 | -5.3% |
| Current assets | 29/58 | €9,318 | €4,391 | -€4,927 | -52.9% |
| Amounts receivable within one year | 40/41 | €1,765 | €295 | -€1,470 | -83.3% |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Other amounts receivable | 41 | €265 | €295 | +€30 | +11.4% |
| Cash at bank and in hand | 54/58 | €7,554 | €4,096 | -€3,457 | -45.8% |
| Total equity and liabilities | 10/49 | €375,771 | €351,278 | -€24,493 | -6.5% |
| Equity | 10/15 | -€90,846 | -€112,302 | -€21,456 | -23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,446 | -€130,902 | -€21,456 | -19.6% |
| Amounts payable | 17/49 | €466,618 | €463,580 | -€3,037 | -0.7% |
| Amounts payable after more than one year | 17 | €25,743 | €19,038 | -€6,706 | -26.0% |
| Financial debts | 170/4 | €22,743 | €19,038 | -€3,706 | -16.3% |
| Other amounts payable | 178/9 | €3,000 | - | -€3,000 | |
| Amounts payable within one year | 42/48 | €440,875 | €444,543 | +€3,668 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €6,607 | €6,706 | +€98 | +1.5% |
| Trade debts | 44 | €1,572 | €3,298 | +€1,725 | +109.7% |
| Suppliers | 440/4 | €1,572 | €3,298 | +€1,725 | +109.7% |
| Other amounts payable | 47/48 | €432,695 | €434,540 | +€1,845 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,566 | €19,566 | = | 0.0% |
| Other operating charges | 640/8 | €2,033 | €2,097 | +€64 | +3.2% |
| Gross operating margin | 9900 | €2,038 | €641 | -€1,397 | -68.6% |
| Operating profit (loss) | 9901 | -€19,562 | -€21,023 | -€1,461 | -7.5% |
| Financial charges | 65/66B | €493 | €433 | -€60 | -12.2% |
| Recurring financial charges | 65 | €493 | €433 | -€60 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,054 | -€21,456 | -€1,401 | -7.0% |
| Profit (loss) for the period | 9904 | -€20,054 | -€21,456 | -€1,401 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,054 | -€21,456 | -€1,401 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.