BEABSTRACT: 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.
BEABSTRACT
Largest movements
- Receivables within one year -€321,202
down €321,202 (-81.6%), from €393,460 to €72,258
of which Trade receivables: -€216,257
- Stocks and contracts -€256,019
down €256,019 (-25.1%), from €1.0m to €765,505
- Financial fixed assets -€99,874
down €99,874 (-96.6%), from €103,364 to €3,490
- Tangible fixed assets -€43,970
down €43,970 (-100.0%), from €43,970 to €0
of which Land and buildings: -€38,487
- Cash -€41,859
down €41,859 (-56.2%), from €74,493 to €32,635
mainly Net result for the year (-€549,813) and Trade debts (-€212,061)
- Profit (loss) carried forward -€549,813
down €549,813 (-24.2%), from -€2.3m to -€2.8m
- Trade debts -€212,061
down €212,061 (-61.5%), from €344,733 to €132,671
- Tax, wage and social debts -€24,751
no longer reported in 2025 (was €24,751)
of which Remuneration and social security: -€18,527
- Gross operating margin -€443,180
down €443,180 (-20900.4%), from -€2,120 to -€445,300
- Staff costs -€146,692
down €146,692 (-73.8%), from €198,768 to €52,076
- Other operating charges +€45,207
up €45,207 (+950.6%), from €4,756 to €49,963
- Depreciation -€21,017
no longer reported in 2025 (was €21,017)
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 | €1,652,005 | €880,940 | -€771,065 | -46.7% |
| Fixed assets | 21/28 | €157,195 | €3,490 | -€153,705 | -97.8% |
| Intangible fixed assets | 21 | €9,861 | €0 | -€9,861 | -100.0% |
| Tangible fixed assets | 22/27 | €43,970 | €0 | -€43,970 | -100.0% |
| Land and buildings | 22 | €38,487 | - | -€38,487 | |
| Furniture and vehicles | 24 | €5,483 | - | -€5,483 | |
| Financial fixed assets | 28 | €103,364 | €3,490 | -€99,874 | -96.6% |
| Current assets | 29/58 | €1,494,811 | €877,450 | -€617,361 | -41.3% |
| Stocks and contracts in progress | 3 | €1,021,524 | €765,505 | -€256,019 | -25.1% |
| Stocks | 30/36 | €1,021,524 | €765,505 | -€256,019 | -25.1% |
| Amounts receivable within one year | 40/41 | €393,460 | €72,258 | -€321,202 | -81.6% |
| Trade receivables | 40 | €286,863 | €70,606 | -€216,257 | -75.4% |
| Other amounts receivable | 41 | €106,596 | €1,652 | -€104,944 | -98.5% |
| Cash at bank and in hand | 54/58 | €74,493 | €32,635 | -€41,859 | -56.2% |
| Deferred charges and accrued income | 490/1 | €5,333 | €7,052 | +€1,718 | +32.2% |
| Total equity and liabilities | 10/49 | €1,652,005 | €880,940 | -€771,065 | -46.7% |
| Equity | 10/15 | -€1,449,510 | -€1,999,322 | -€549,813 | -37.9% |
| Contributions | 10/11 | €818,600 | €818,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,268,110 | -€2,817,922 | -€549,813 | -24.2% |
| Amounts payable | 17/49 | €3,101,515 | €2,880,262 | -€221,253 | -7.1% |
| Amounts payable after more than one year | 17 | €2,731,591 | €2,747,591 | +€16,000 | +0.6% |
| Other amounts payable | 178/9 | €2,731,591 | €2,747,591 | +€16,000 | +0.6% |
| Amounts payable within one year | 42/48 | €369,484 | €132,671 | -€236,812 | -64.1% |
| Trade debts | 44 | €344,733 | €132,671 | -€212,061 | -61.5% |
| Suppliers | 440/4 | €344,733 | €132,671 | -€212,061 | -61.5% |
| Taxes, remuneration and social security | 45 | €24,751 | - | -€24,751 | |
| Taxes | 450/3 | €6,224 | - | -€6,224 | |
| Remuneration and social security | 454/9 | €18,527 | - | -€18,527 | |
| Accrued charges and deferred income | 492/3 | €441 | - | -€441 | |
| Remuneration, social security and pensions | 62 | €198,768 | €52,076 | -€146,692 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,017 | - | -€21,017 | |
| Other operating charges | 640/8 | €4,756 | €49,963 | +€45,207 | +950.6% |
| Gross operating margin | 9900 | -€2,120 | -€445,300 | -€443,180 | -20900.4% |
| Operating profit (loss) | 9901 | -€226,661 | -€547,339 | -€320,678 | -141.5% |
| Financial income | 75/76B | €64 | €331 | +€267 | +417.5% |
| Recurring financial income | 75 | €64 | €331 | +€267 | +417.5% |
| Financial charges | 65/66B | €2,279 | €2,805 | +€526 | +23.1% |
| Recurring financial charges | 65 | €2,279 | €2,805 | +€526 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€228,875 | -€549,813 | -€320,937 | -140.2% |
| Profit (loss) for the period | 9904 | -€228,875 | -€549,813 | -€320,937 | -140.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€228,875 | -€549,813 | -€320,937 | -140.2% |
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 10 October 2026 via checked.be.