BOILER ROOM: 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.
BOILER ROOM
Largest movements
- Cash -€10,067
down €10,067 (-37.5%), from €26,811 to €16,744
mainly Net result for the year (-€119,102) and Trade debts (-€20,865)
- Intangible fixed assets +€4,236
up €4,236 (+8.2%), from €51,451 to €55,686
- Receivables within one year -€3,655
down €3,655 (-43.4%), from €8,423 to €4,768
- Other debts +€130,481
up €130,481 (+127%), from €102,566 to €233,047
- Profit (loss) carried forward -€119,102
down €119,102 (-64.1%), from -€185,769 to -€304,871
- Trade debts -€20,865
down €20,865 (-19.4%), from €107,388 to €86,522
- Gross operating margin -€42,915
down €42,915 (-83.5%), from -€51,419 to -€94,334
- Other operating charges +€19,563
new in 2025: €19,563
- Financial charges +€3,063
up €3,063 (+143%), from €2,142 to €5,205
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 | €86,685 | €77,198 | -€9,487 | -10.9% |
| Fixed assets | 21/28 | €51,451 | €55,686 | +€4,236 | +8.2% |
| Intangible fixed assets | 21 | €51,451 | €55,686 | +€4,236 | +8.2% |
| Current assets | 29/58 | €35,234 | €21,512 | -€13,723 | -38.9% |
| Amounts receivable within one year | 40/41 | €8,423 | €4,768 | -€3,655 | -43.4% |
| Other amounts receivable | 41 | €8,423 | €4,768 | -€3,655 | -43.4% |
| Cash at bank and in hand | 54/58 | €26,811 | €16,744 | -€10,067 | -37.5% |
| Total equity and liabilities | 10/49 | €86,685 | €77,198 | -€9,487 | -10.9% |
| Equity | 10/15 | -€123,269 | -€242,371 | -€119,102 | -96.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,769 | -€304,871 | -€119,102 | -64.1% |
| Amounts payable | 17/49 | €209,954 | €319,569 | +€109,615 | +52.2% |
| Amounts payable within one year | 42/48 | €209,954 | €319,569 | +€109,615 | +52.2% |
| Trade debts | 44 | €107,388 | €86,522 | -€20,865 | -19.4% |
| Suppliers | 440/4 | €107,388 | €86,522 | -€20,865 | -19.4% |
| Other amounts payable | 47/48 | €102,566 | €233,047 | +€130,481 | +127% |
| Other operating charges | 640/8 | - | €19,563 | +€19,563 | |
| Gross operating margin | 9900 | -€51,419 | -€94,334 | -€42,915 | -83.5% |
| Operating profit (loss) | 9901 | -€51,419 | -€113,897 | -€62,478 | -122% |
| Financial charges | 65/66B | €2,142 | €5,205 | +€3,063 | +143% |
| Recurring financial charges | 65 | €2,142 | €5,205 | +€3,063 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€53,561 | -€119,102 | -€65,541 | -122% |
| Profit (loss) for the period | 9904 | -€53,561 | -€119,102 | -€65,541 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,561 | -€119,102 | -€65,541 | -122% |
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 23 October 2026 via checked.be.