BELGIAN DREAM: 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.
BELGIAN DREAM
Largest movements
- Cash -€14,817
down €14,817 (-80.5%), from €18,404 to €3,587
mainly Net result for the year (-€7,196) and Debts after one year (-€3,289)
- Receivables within one year +€2,382
up €2,382 (+997.8%), from €239 to €2,621
of which Trade receivables: +€2,382
- Stocks and contracts +€484
up €484 (+7.8%), from €6,213 to €6,697
- Profit (loss) carried forward -€7,196
down €7,196 (-55.2%), from -€13,040 to -€20,236
- Debts after one year -€3,289
down €3,289 (-13.6%), from €24,213 to €20,924
- Tax, wage and social debts -€1,979
down €1,979 (-93.7%), from €2,113 to €134
- Trade debts +€298
up €298 (+221.9%), from €134 to €432
- Gross operating margin -€15,526
down €15,526, from €9,376 to -€6,150
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 | €25,002 | €12,905 | -€12,097 | -48.4% |
| Current assets | 29/58 | €25,002 | €12,905 | -€12,097 | -48.4% |
| Stocks and contracts in progress | 3 | €6,213 | €6,697 | +€484 | +7.8% |
| Stocks | 30/36 | €6,213 | €6,697 | +€484 | +7.8% |
| Amounts receivable within one year | 40/41 | €239 | €2,621 | +€2,382 | +997.8% |
| Trade receivables | 40 | €239 | €2,621 | +€2,382 | +997.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,404 | €3,587 | -€14,817 | -80.5% |
| Deferred charges and accrued income | 490/1 | €146 | €0 | -€146 | -100.0% |
| Total equity and liabilities | 10/49 | €25,002 | €12,905 | -€12,097 | -48.4% |
| Equity | 10/15 | -€4,040 | -€11,236 | -€7,196 | -178.1% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,040 | -€20,236 | -€7,196 | -55.2% |
| Amounts payable | 17/49 | €29,041 | €24,140 | -€4,901 | -16.9% |
| Amounts payable after more than one year | 17 | €24,213 | €20,924 | -€3,289 | -13.6% |
| Financial debts | 170/4 | €24,213 | €20,924 | -€3,289 | -13.6% |
| Amounts payable within one year | 42/48 | €4,829 | €3,216 | -€1,612 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €2,581 | €2,650 | +€68 | +2.7% |
| Trade debts | 44 | €134 | €432 | +€298 | +221.9% |
| Suppliers | 440/4 | €134 | €432 | +€298 | +221.9% |
| Taxes, remuneration and social security | 45 | €2,113 | €134 | -€1,979 | -93.7% |
| Taxes | 450/3 | €2,113 | €134 | -€1,979 | -93.7% |
| Other operating charges | 640/8 | €580 | €593 | +€12 | +2.1% |
| Gross operating margin | 9900 | €9,376 | -€6,150 | -€15,526 | |
| Operating profit (loss) | 9901 | €8,796 | -€6,743 | -€15,538 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €518 | €453 | -€65 | -12.6% |
| Recurring financial charges | 65 | €518 | €453 | -€65 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €8,277 | -€7,196 | -€15,473 | |
| Profit (loss) for the period | 9904 | €8,277 | -€7,196 | -€15,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,277 | -€7,196 | -€15,473 |
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 5 October 2026 via checked.be.