Bogus: 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.
Bogus
Largest movements
- Receivables within one year -€70,556
down €70,556 (-73.0%), from €96,676 to €26,120
of which Trade receivables: -€54,028
- Profit (loss) carried forward -€46,074
down €46,074, from €44,162 to -€1,912
- Trade debts -€23,276
no longer reported in 2025 (was €23,276)
- Staff costs -€95,396
no longer reported in 2025 (was €95,396)
- Gross operating margin -€84,845
down €84,845 (-95.0%), from €89,348 to €4,503
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 | €99,562 | €29,442 | -€70,120 | -70.4% |
| Fixed assets | 21/28 | €1,080 | €617 | -€463 | -42.9% |
| Tangible fixed assets | 22/27 | €1,080 | €617 | -€463 | -42.9% |
| Plant, machinery and equipment | 23 | €1,080 | €617 | -€463 | -42.9% |
| Current assets | 29/58 | €98,483 | €28,825 | -€69,657 | -70.7% |
| Amounts receivable within one year | 40/41 | €96,676 | €26,120 | -€70,556 | -73.0% |
| Trade receivables | 40 | €54,028 | - | -€54,028 | |
| Other amounts receivable | 41 | €42,648 | €26,120 | -€16,528 | -38.8% |
| Cash at bank and in hand | 54/58 | €1,807 | €2,705 | +€899 | +49.7% |
| Total equity and liabilities | 10/49 | €99,562 | €29,442 | -€70,120 | -70.4% |
| Equity | 10/15 | €75,516 | €29,442 | -€46,074 | -61.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,354 | €30,354 | = | 0.0% |
| Distributable reserves | 133 | €30,354 | €30,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,162 | -€1,912 | -€46,074 | |
| Amounts payable | 17/49 | €24,046 | - | -€24,046 | |
| Amounts payable within one year | 42/48 | €24,046 | - | -€24,046 | |
| Financial debts | 43 | €327 | - | -€327 | |
| Credit institutions | 430/8 | €327 | - | -€327 | |
| Trade debts | 44 | €23,276 | - | -€23,276 | |
| Suppliers | 440/4 | €23,276 | - | -€23,276 | |
| Taxes, remuneration and social security | 45 | €276 | - | -€276 | |
| Taxes | 450/3 | €276 | - | -€276 | |
| Other amounts payable | 47/48 | €167 | - | -€167 | |
| Non-recurring operating income | 76A | - | €5,702 | +€5,702 | |
| Remuneration, social security and pensions | 62 | €95,396 | - | -€95,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €463 | -€36 | -7.2% |
| Other operating charges | 640/8 | €511 | - | -€511 | |
| Non-recurring operating charges | 66A | - | €49,142 | +€49,142 | |
| Gross operating margin | 9900 | €89,348 | €4,503 | -€84,845 | -95.0% |
| Operating profit (loss) | 9901 | -€7,057 | -€45,101 | -€38,044 | -539% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €1,840 | €973 | -€868 | -47.1% |
| Recurring financial charges | 65 | €1,840 | €973 | -€868 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,845 | -€46,074 | -€37,229 | -421% |
| Income taxes | 67/77 | €252 | - | -€252 | |
| Profit (loss) for the period | 9904 | -€9,096 | -€46,074 | -€36,977 | -407% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,096 | -€46,074 | -€36,977 | -407% |
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 1 November 2026 via checked.be.