CENSOR: 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.
CENSOR
Largest movements
- Receivables within one year -€10,786
down €10,786 (-73.7%), from €14,640 to €3,854
of which Trade receivables: -€10,965
- Cash -€192
down €192 (-6.2%), from €3,103 to €2,911
mainly Trade debts (-€10,006) and Net result for the year (-€2,844)
- Trade debts -€10,006
down €10,006 (-88.1%), from €11,354 to €1,348
- Profit (loss) carried forward -€2,844
down €2,844 (-4.5%), from -€63,273 to -€66,117
- Other debts +€1,824
up €1,824 (+9.8%), from €18,664 to €20,488
- Depreciation -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€3,441
up €3,441 (+60.2%), from -€5,712 to -€2,270
- Financial income -€327
down €327 (-72.6%), from €451 to €123
- Other operating charges +€151
up €151 (+30.1%), from €502 to €654
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 | €17,760 | €6,765 | -€10,995 | -61.9% |
| Current assets | 29/58 | €17,760 | €6,765 | -€10,995 | -61.9% |
| Amounts receivable within one year | 40/41 | €14,640 | €3,854 | -€10,786 | -73.7% |
| Trade receivables | 40 | €14,430 | €3,465 | -€10,965 | -76.0% |
| Other amounts receivable | 41 | €209 | €389 | +€179 | +85.5% |
| Cash at bank and in hand | 54/58 | €3,103 | €2,911 | -€192 | -6.2% |
| Deferred charges and accrued income | 490/1 | €18 | - | -€18 | |
| Total equity and liabilities | 10/49 | €17,760 | €6,765 | -€10,995 | -61.9% |
| Equity | 10/15 | -€17,358 | -€20,202 | -€2,844 | -16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,515 | €33,515 | = | 0.0% |
| Tax-exempt reserves | 132 | €731 | €731 | = | 0.0% |
| Distributable reserves | 133 | €32,784 | €32,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,273 | -€66,117 | -€2,844 | -4.5% |
| Amounts payable | 17/49 | €35,118 | €26,967 | -€8,151 | -23.2% |
| Amounts payable within one year | 42/48 | €35,118 | €26,937 | -€8,182 | -23.3% |
| Trade debts | 44 | €11,354 | €1,348 | -€10,006 | -88.1% |
| Suppliers | 440/4 | €11,354 | €1,348 | -€10,006 | -88.1% |
| Taxes, remuneration and social security | 45 | €5,100 | €5,100 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,100 | €5,100 | = | 0.0% |
| Other amounts payable | 47/48 | €18,664 | €20,488 | +€1,824 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €502 | €654 | +€151 | +30.1% |
| Gross operating margin | 9900 | -€5,712 | -€2,270 | +€3,441 | +60.2% |
| Operating profit (loss) | 9901 | -€11,214 | -€2,924 | +€8,290 | +73.9% |
| Financial income | 75/76B | €451 | €123 | -€327 | -72.6% |
| Recurring financial income | 75 | €451 | €123 | -€327 | -72.6% |
| Financial charges | 65/66B | €82 | €42 | -€40 | -48.7% |
| Recurring financial charges | 65 | €82 | €42 | -€40 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,845 | -€2,843 | +€8,002 | +73.8% |
| Income taxes | 67/77 | €0 | €1 | +€1 | +176% |
| Profit (loss) for the period | 9904 | -€10,846 | -€2,844 | +€8,002 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,846 | -€2,844 | +€8,002 | +73.8% |
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 18 October 2026 via checked.be.