BYZANTINE GENERAL: 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.
BYZANTINE GENERAL
Largest movements
- Cash -€25,408
down €25,408 (-47.1%), from €53,922 to €28,515
mainly Net result for the year (-€27,432) and Trade debts (-€2,423)
- Receivables within one year -€1,666
down €1,666 (-100%), from €1,666 to €0
of which Trade receivables: -€973
- Reserves -€27,400
down €27,400 (-75.7%), from €36,200 to €8,800
- Other debts +€3,329
up €3,329 (+87.2%), from €3,820 to €7,149
- Trade debts -€2,423
down €2,423 (-78.2%), from €3,098 to €675
- Advances received -€1,177
down €1,177 (-100%), from €1,177 to €0
- Gross operating margin -€67,869
down €67,869, from €42,529 to -€25,340
- Taxes -€8,326
down €8,326 (-98.6%), from €8,445 to €119
- Financial charges +€904
up €904 (+237%), from €382 to €1,286
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 | €55,802 | €28,515 | -€27,288 | -48.9% |
| Fixed assets | 21/28 | €214 | €0 | -€214 | -100% |
| Tangible fixed assets | 22/27 | €214 | €0 | -€214 | -100% |
| Furniture and vehicles | 24 | €214 | €0 | -€214 | -100% |
| Current assets | 29/58 | €55,588 | €28,515 | -€27,073 | -48.7% |
| Amounts receivable within one year | 40/41 | €1,666 | €0 | -€1,666 | -100% |
| Trade receivables | 40 | €973 | €0 | -€973 | -100% |
| Other amounts receivable | 41 | €693 | €0 | -€693 | -100% |
| Cash at bank and in hand | 54/58 | €53,922 | €28,515 | -€25,408 | -47.1% |
| Total equity and liabilities | 10/49 | €55,802 | €28,515 | -€27,288 | -48.9% |
| Equity | 10/15 | €39,263 | €11,830 | -€27,432 | -69.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,200 | €8,800 | -€27,400 | -75.7% |
| Distributable reserves | 133 | €36,200 | €8,800 | -€27,400 | -75.7% |
| Profit (loss) carried forward | 14 | €63 | €30 | -€32 | -51.7% |
| Amounts payable | 17/49 | €16,540 | €16,685 | +€145 | +0.9% |
| Amounts payable within one year | 42/48 | €16,540 | €16,685 | +€145 | +0.9% |
| Trade debts | 44 | €3,098 | €675 | -€2,423 | -78.2% |
| Suppliers | 440/4 | €3,098 | €675 | -€2,423 | -78.2% |
| Advances received on contracts in progress | 46 | €1,177 | €0 | -€1,177 | -100% |
| Taxes, remuneration and social security | 45 | €8,445 | €8,861 | +€415 | +4.9% |
| Taxes | 450/3 | €8,445 | €8,861 | +€415 | +4.9% |
| Other amounts payable | 47/48 | €3,820 | €7,149 | +€3,329 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €214 | -€252 | -54.0% |
| Other operating charges | 640/8 | €703 | €570 | -€133 | -18.9% |
| Gross operating margin | 9900 | €42,529 | -€25,340 | -€67,869 | |
| Operating profit (loss) | 9901 | €41,360 | -€26,124 | -€67,484 | |
| Financial income | 75/76B | €12 | €97 | +€85 | +706% |
| Recurring financial income | 75 | €12 | €97 | +€85 | +706% |
| Financial charges | 65/66B | €382 | €1,286 | +€904 | +237% |
| Recurring financial charges | 65 | €382 | €1,286 | +€904 | +237% |
| Profit (loss) for the period before taxes | 9903 | €40,990 | -€27,313 | -€68,303 | |
| Income taxes | 67/77 | €8,445 | €119 | -€8,326 | -98.6% |
| Profit (loss) for the period | 9904 | €32,545 | -€27,432 | -€59,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,545 | -€27,432 | -€59,977 |
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.