C I O: 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.
C I O
Largest movements
- Cash -€27,753
down €27,753 (-21.2%), from €130,669 to €102,915
mainly Net result for the year (-€27,950) and Debts after one year (-€6,603)
- Tangible fixed assets -€6,461
down €6,461 (-31.1%), from €20,798 to €14,337
- Profit (loss) carried forward -€27,950
down €27,950 (-42.0%), from -€66,535 to -€94,485
- Debts after one year -€6,603
down €6,603 (-43.2%), from €15,278 to €8,675
- Trade debts -€2,053
down €2,053 (-81.4%), from €2,522 to €470
- Other debts +€1,862
up €1,862 (+6,995%), from €27 to €1,889
- Other operating charges -€528
down €528 (-40.4%), from €1,307 to €780
- Gross operating margin -€358
down €358 (-1.8%), from -€20,065 to -€20,423
- Financial income +€233
up €233 (+48.5%), from €480 to €713
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 | €152,715 | €118,257 | -€34,458 | -22.6% |
| Fixed assets | 21/28 | €20,798 | €14,337 | -€6,461 | -31.1% |
| Tangible fixed assets | 22/27 | €20,798 | €14,337 | -€6,461 | -31.1% |
| Furniture and vehicles | 24 | €20,798 | €14,337 | -€6,461 | -31.1% |
| Current assets | 29/58 | €131,917 | €103,920 | -€27,997 | -21.2% |
| Amounts receivable within one year | 40/41 | €890 | €745 | -€145 | -16.3% |
| Other amounts receivable | 41 | €890 | €745 | -€145 | -16.3% |
| Cash at bank and in hand | 54/58 | €130,669 | €102,915 | -€27,753 | -21.2% |
| Deferred charges and accrued income | 490/1 | €358 | €260 | -€99 | -27.5% |
| Total equity and liabilities | 10/49 | €152,715 | €118,257 | -€34,458 | -22.6% |
| Equity | 10/15 | €127,571 | €99,621 | -€27,950 | -21.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €187,900 | €187,900 | = | 0.0% |
| Distributable reserves | 133 | €187,900 | €187,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,535 | -€94,485 | -€27,950 | -42.0% |
| Amounts payable | 17/49 | €25,144 | €18,637 | -€6,508 | -25.9% |
| Amounts payable after more than one year | 17 | €15,278 | €8,675 | -€6,603 | -43.2% |
| Financial debts | 170/4 | €15,278 | €8,675 | -€6,603 | -43.2% |
| Amounts payable within one year | 42/48 | €8,866 | €8,962 | +€95 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €6,317 | €6,603 | +€286 | +4.5% |
| Trade debts | 44 | €2,522 | €470 | -€2,053 | -81.4% |
| Suppliers | 440/4 | €2,522 | €470 | -€2,053 | -81.4% |
| Other amounts payable | 47/48 | €27 | €1,889 | +€1,862 | +6,995% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,461 | €6,461 | = | 0.0% |
| Other operating charges | 640/8 | €1,307 | €780 | -€528 | -40.4% |
| Gross operating margin | 9900 | -€20,065 | -€20,423 | -€358 | -1.8% |
| Operating profit (loss) | 9901 | -€27,833 | -€27,663 | +€170 | +0.6% |
| Financial income | 75/76B | €480 | €713 | +€233 | +48.5% |
| Recurring financial income | 75 | €480 | €713 | +€233 | +48.5% |
| Financial charges | 65/66B | €1,065 | €1,000 | -€65 | -6.1% |
| Recurring financial charges | 65 | €1,065 | €1,000 | -€65 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,418 | -€27,950 | +€468 | +1.6% |
| Profit (loss) for the period | 9904 | -€28,418 | -€27,950 | +€468 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,418 | -€27,950 | +€468 | +1.6% |
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 17 October 2026 via checked.be.