BUSINESS EXPRESSED: 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.
BUSINESS EXPRESSED
Largest movements
- Receivables within one year -€19
no longer reported in 2025 (was €19)
- Cash +€8
up €8 (+22.7%), from €34 to €42
mainly Other debts (+€707) and Receivables within one year (+€19)
- Other debts +€707
up €707 (+5.7%), from €12,388 to €13,095
- Profit (loss) carried forward -€585
down €585 (-2.8%), from -€21,180 to -€21,765
- Trade debts -€133
down €133 (-39.2%), from €339 to €206
- Gross operating margin +€835
up €835 (+70.0%), from -€1,192 to -€357
- Other operating charges +€181
new in 2025: €181
- Financial charges +€47
new in 2025: €47
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 | €547 | €536 | -€11 | -2.1% |
| Current assets | 29/58 | €547 | €536 | -€11 | -2.1% |
| Amounts receivable within one year | 40/41 | €19 | - | -€19 | |
| Other amounts receivable | 41 | €19 | - | -€19 | |
| Cash at bank and in hand | 54/58 | €34 | €42 | +€8 | +22.7% |
| Deferred charges and accrued income | 490/1 | €494 | €494 | = | 0.0% |
| Total equity and liabilities | 10/49 | €547 | €536 | -€11 | -2.1% |
| Equity | 10/15 | -€12,180 | -€12,765 | -€585 | -4.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,180 | -€21,765 | -€585 | -2.8% |
| Amounts payable | 17/49 | €12,727 | €13,301 | +€574 | +4.5% |
| Amounts payable within one year | 42/48 | €12,727 | €13,301 | +€574 | +4.5% |
| Trade debts | 44 | €339 | €206 | -€133 | -39.2% |
| Suppliers | 440/4 | €339 | €206 | -€133 | -39.2% |
| Other amounts payable | 47/48 | €12,388 | €13,095 | +€707 | +5.7% |
| Other operating charges | 640/8 | - | €181 | +€181 | |
| Gross operating margin | 9900 | -€1,192 | -€357 | +€835 | +70.0% |
| Operating profit (loss) | 9901 | -€1,192 | -€538 | +€654 | +54.8% |
| Financial charges | 65/66B | - | €47 | +€47 | |
| Recurring financial charges | 65 | - | €47 | +€47 | |
| Profit (loss) for the period before taxes | 9903 | -€1,192 | -€585 | +€607 | +50.9% |
| Profit (loss) for the period | 9904 | -€1,192 | -€585 | +€607 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,192 | -€585 | +€607 | +50.9% |
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 21 October 2026 via checked.be.