BY ALL MEANS: 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.
BY ALL MEANS
Largest movements
- Cash -€48,374
down €48,374 (-13.4%), from €359,903 to €311,529
mainly Other debts (-€33,000) and Net result for the year (-€9,803)
- Other debts -€33,000
down €33,000 (-10.6%), from €312,031 to €279,031
- Profit (loss) carried forward -€9,803
down €9,803 (-30.9%), from €31,775 to €21,972
- Gross operating margin -€11,803
down €11,803, from €2,583 to -€9,219
- Depreciation -€144
no longer reported in 2025 (was €144)
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 | €361,576 | €315,661 | -€45,914 | -12.7% |
| Current assets | 29/58 | €361,576 | €315,661 | -€45,914 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,672 | €4,132 | +€2,460 | +147% |
| Trade receivables | 40 | - | €4,128 | +€4,128 | |
| Other amounts receivable | 41 | €1,672 | €4 | -€1,669 | -99.8% |
| Cash at bank and in hand | 54/58 | €359,903 | €311,529 | -€48,374 | -13.4% |
| Total equity and liabilities | 10/49 | €361,576 | €315,661 | -€45,914 | -12.7% |
| Equity | 10/15 | €46,035 | €36,232 | -€9,803 | -21.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,775 | €21,972 | -€9,803 | -30.9% |
| Amounts payable | 17/49 | €315,541 | €279,429 | -€36,112 | -11.4% |
| Amounts payable within one year | 42/48 | €315,541 | €279,429 | -€36,112 | -11.4% |
| Trade debts | 44 | €841 | €266 | -€575 | -68.3% |
| Suppliers | 440/4 | €841 | €266 | -€575 | -68.3% |
| Taxes, remuneration and social security | 45 | €2,669 | €132 | -€2,537 | -95.0% |
| Taxes | 450/3 | €2,669 | €132 | -€2,537 | -95.0% |
| Other amounts payable | 47/48 | €312,031 | €279,031 | -€33,000 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | - | -€144 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,583 | -€9,219 | -€11,803 | |
| Operating profit (loss) | 9901 | €2,052 | -€9,619 | -€11,671 | |
| Financial charges | 65/66B | €248 | €184 | -€65 | -26.1% |
| Recurring financial charges | 65 | €248 | €184 | -€65 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €1,804 | -€9,803 | -€11,607 | |
| Profit (loss) for the period | 9904 | €1,804 | -€9,803 | -€11,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,804 | -€9,803 | -€11,607 |
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 26 October 2026 via checked.be.