BEYOND REASON: 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.
BEYOND REASON
Largest movements
- Receivables within one year -€81,484
down €81,484 (-53.8%), from €151,410 to €69,926
of which Trade receivables: -€67,724
- Intangible fixed assets +€68,489
up €68,489 (+240.5%), from €28,480 to €96,969
- Deferred charges and accrued income -€3,353
down €3,353 (-93.0%), from €3,605 to €252
- Cash +€2,465
up €2,465 (+12.8%), from €19,195 to €21,660
mainly Receivables within one year (+€81,484) and Depreciation (+€20,000)
- Other debts -€15,000
down €15,000 (-20.0%), from €75,000 to €60,000
- Accrued charges and deferred income -€3,206
down €3,206 (-4.1%), from €78,455 to €75,250
- Trade debts +€3,200
up €3,200 (+10.0%), from €32,156 to €35,356
- Gross operating margin +€15,878
up €15,878 (+242.5%), from €6,546 to €22,424
- Depreciation +€14,436
up €14,436 (+259.4%), from €5,565 to €20,000
- Financial charges +€356
up €356 (+101.2%), from €351 to €707
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 | €202,689 | €188,807 | -€13,882 | -6.8% |
| Fixed assets | 21/28 | €28,480 | €96,969 | +€68,489 | +240.5% |
| Intangible fixed assets | 21 | €28,480 | €96,969 | +€68,489 | +240.5% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €174,209 | €91,838 | -€82,372 | -47.3% |
| Amounts receivable within one year | 40/41 | €151,410 | €69,926 | -€81,484 | -53.8% |
| Trade receivables | 40 | €129,517 | €61,793 | -€67,724 | -52.3% |
| Other amounts receivable | 41 | €21,893 | €8,133 | -€13,760 | -62.9% |
| Cash at bank and in hand | 54/58 | €19,195 | €21,660 | +€2,465 | +12.8% |
| Deferred charges and accrued income | 490/1 | €3,605 | €252 | -€3,353 | -93.0% |
| Total equity and liabilities | 10/49 | €202,689 | €188,807 | -€13,882 | -6.8% |
| Equity | 10/15 | €17,078 | €18,201 | +€1,123 | +6.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,327 | -€2,204 | +€1,123 | +33.7% |
| Amounts payable | 17/49 | €185,611 | €170,606 | -€15,005 | -8.1% |
| Amounts payable within one year | 42/48 | €107,156 | €95,356 | -€11,800 | -11.0% |
| Trade debts | 44 | €32,156 | €35,356 | +€3,200 | +10.0% |
| Suppliers | 440/4 | €32,156 | €35,356 | +€3,200 | +10.0% |
| Other amounts payable | 47/48 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €78,455 | €75,250 | -€3,206 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,565 | €20,000 | +€14,436 | +259.4% |
| Other operating charges | 640/8 | €611 | €610 | -€1 | -0.2% |
| Gross operating margin | 9900 | €6,546 | €22,424 | +€15,878 | +242.5% |
| Operating profit (loss) | 9901 | €371 | €1,814 | +€1,444 | +389.3% |
| Financial income | 75/76B | €0 | €15 | +€15 | +10226.7% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +10226.7% |
| Financial charges | 65/66B | €351 | €707 | +€356 | +101.2% |
| Recurring financial charges | 65 | €351 | €707 | +€356 | +101.2% |
| Profit (loss) for the period before taxes | 9903 | €20 | €1,123 | +€1,103 | +5646.1% |
| Profit (loss) for the period | 9904 | €20 | €1,123 | +€1,103 | +5646.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20 | €1,123 | +€1,103 | +5646.1% |
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 9 October 2026 via checked.be.