C The 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.
C The Future
Largest movements
- Current investments +€14,966
new in 2025: €14,966
- Cash -€8,606
down €8,606 (-36.1%), from €23,813 to €15,207
mainly Current investments (-€14,966) and Tax, wage and social debts (-€5,293)
- Reserves +€6,673
up €6,673 (+33.5%), from €19,895 to €26,568
- Trade debts +€5,379
up €5,379, from €0 to €5,379
- Tax, wage and social debts -€5,293
down €5,293 (-33.5%), from €15,811 to €10,518
- Gross operating margin -€17,432
down €17,432 (-60.3%), from €28,918 to €11,486
- Taxes -€3,727
down €3,727 (-47.8%), from €7,802 to €4,074
- Depreciation -€1,190
no longer reported in 2025 (was €1,190)
- Other operating charges +€609
new in 2025: €609
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 | €38,127 | €44,886 | +€6,759 | +17.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €38,127 | €44,886 | +€6,759 | +17.7% |
| Amounts receivable within one year | 40/41 | €14,314 | €14,713 | +€399 | +2.8% |
| Trade receivables | 40 | €14,314 | €14,713 | +€399 | +2.8% |
| Current investments | 50/53 | - | €14,966 | +€14,966 | |
| Cash at bank and in hand | 54/58 | €23,813 | €15,207 | -€8,606 | -36.1% |
| Total equity and liabilities | 10/49 | €38,127 | €44,886 | +€6,759 | +17.7% |
| Equity | 10/15 | €21,897 | €28,571 | +€6,673 | +30.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,895 | €26,568 | +€6,673 | +33.5% |
| Distributable reserves | 133 | €19,895 | €26,568 | +€6,673 | +33.5% |
| Profit (loss) carried forward | 14 | €2 | €2 | +€1 | +47.2% |
| Amounts payable | 17/49 | €16,230 | €16,315 | +€85 | +0.5% |
| Amounts payable within one year | 42/48 | €16,230 | €16,315 | +€85 | +0.5% |
| Trade debts | 44 | €0 | €5,379 | +€5,379 | |
| Suppliers | 440/4 | €0 | €5,379 | +€5,379 | |
| Taxes, remuneration and social security | 45 | €15,811 | €10,518 | -€5,293 | -33.5% |
| Taxes | 450/3 | €15,811 | €10,518 | -€5,293 | -33.5% |
| Other amounts payable | 47/48 | €419 | €419 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | - | -€1,190 | |
| Other operating charges | 640/8 | - | €609 | +€609 | |
| Gross operating margin | 9900 | €28,918 | €11,486 | -€17,432 | -60.3% |
| Operating profit (loss) | 9901 | €27,729 | €10,877 | -€16,852 | -60.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €30 | €129 | +€99 | +330.4% |
| Recurring financial charges | 65 | €30 | €129 | +€99 | +330.4% |
| Profit (loss) for the period before taxes | 9903 | €27,699 | €10,748 | -€16,951 | -61.2% |
| Income taxes | 67/77 | €7,802 | €4,074 | -€3,727 | -47.8% |
| Profit (loss) for the period | 9904 | €19,897 | €6,673 | -€13,224 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,897 | €6,673 | -€13,224 | -66.5% |
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 7 October 2026 via checked.be.