BUILDING YOUR FUTURE: 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.
BUILDING YOUR FUTURE
Largest movements
- Receivables within one year -€92,113
down €92,113 (-93.3%), from €98,722 to €6,609
of which Trade receivables: -€90,110
- Cash -€54,248
down €54,248 (-69.5%), from €78,043 to €23,796
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€33,748)
- Deferred charges and accrued income -€1,977
down €1,977 (-57.5%), from €3,437 to €1,460
- Reserves -€133,748
down €133,748 (-91.2%), from €146,697 to €12,949
- Tax, wage and social debts -€12,968
down €12,968 (-98.8%), from €13,126 to €158
- Trade debts -€1,965
down €1,965 (-67.7%), from €2,903 to €938
- Gross operating margin -€20,295
down €20,295 (-182.8%), from -€11,101 to -€31,395
- Financial charges -€1,585
down €1,585 (-70.4%), from €2,250 to €666
- Depreciation +€348
up €348 (+33.1%), from €1,051 to €1,399
- Taxes -€318
down €318 (-66.9%), from €475 to €158
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 | €182,727 | €34,045 | -€148,681 | -81.4% |
| Fixed assets | 21/28 | €2,524 | €2,181 | -€344 | -13.6% |
| Tangible fixed assets | 22/27 | €2,524 | €2,181 | -€344 | -13.6% |
| Plant, machinery and equipment | 23 | €2,524 | €2,181 | -€344 | -13.6% |
| Current assets | 29/58 | €180,202 | €31,865 | -€148,338 | -82.3% |
| Amounts receivable within one year | 40/41 | €98,722 | €6,609 | -€92,113 | -93.3% |
| Trade receivables | 40 | €91,262 | €1,153 | -€90,110 | -98.7% |
| Other amounts receivable | 41 | €7,460 | €5,456 | -€2,003 | -26.9% |
| Cash at bank and in hand | 54/58 | €78,043 | €23,796 | -€54,248 | -69.5% |
| Deferred charges and accrued income | 490/1 | €3,437 | €1,460 | -€1,977 | -57.5% |
| Total equity and liabilities | 10/49 | €182,727 | €34,045 | -€148,681 | -81.4% |
| Equity | 10/15 | €166,697 | €32,949 | -€133,748 | -80.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €146,697 | €12,949 | -€133,748 | -91.2% |
| Distributable reserves | 133 | €146,697 | €12,949 | -€133,748 | -91.2% |
| Amounts payable | 17/49 | €16,029 | €1,096 | -€14,933 | -93.2% |
| Amounts payable within one year | 42/48 | €16,029 | €1,096 | -€14,933 | -93.2% |
| Trade debts | 44 | €2,903 | €938 | -€1,965 | -67.7% |
| Suppliers | 440/4 | €2,903 | €938 | -€1,965 | -67.7% |
| Taxes, remuneration and social security | 45 | €13,126 | €158 | -€12,968 | -98.8% |
| Taxes | 450/3 | €13,126 | €158 | -€12,968 | -98.8% |
| Non-recurring operating income | 76A | - | €9,071 | +€9,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €1,399 | +€348 | +33.1% |
| Other operating charges | 640/8 | €102 | €133 | +€31 | +30.5% |
| Gross operating margin | 9900 | -€11,101 | -€31,395 | -€20,295 | -182.8% |
| Operating profit (loss) | 9901 | -€12,254 | -€32,928 | -€20,674 | -168.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,250 | €666 | -€1,585 | -70.4% |
| Recurring financial charges | 65 | €2,250 | €666 | -€1,585 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,504 | -€33,591 | -€19,086 | -131.6% |
| Income taxes | 67/77 | €475 | €158 | -€318 | -66.9% |
| Profit (loss) for the period | 9904 | -€14,980 | -€33,748 | -€18,769 | -125.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,980 | -€33,748 | -€18,769 | -125.3% |
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 6 October 2026 via checked.be.