CHANGE WITH IMPACT: 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.
CHANGE WITH IMPACT
Largest movements
- Cash -€14,077
down €14,077 (-82.4%), from €17,077 to €3,000
mainly Net result for the year (-€28,220) and Debts after one year (-€9,144)
- Current investments -€11,748
down €11,748 (-54.8%), from €21,438 to €9,690
- Tangible fixed assets -€8,808
down €8,808 (-26.3%), from €33,544 to €24,735
of which Leasing and similar rights: -€8,170
- Receivables within one year -€6,844
down €6,844 (-56.4%), from €12,132 to €5,288
of which Trade receivables: -€8,209
- Deferred charges and accrued income -€2,169
down €2,169 (-52.6%), from €4,121 to €1,952
- Profit (loss) carried forward -€28,220
down €28,220 (-80.0%), from -€35,282 to -€63,501
- Debts after one year -€9,144
down €9,144 (-34.3%), from €26,669 to €17,526
- Accrued charges and deferred income -€4,438
no longer reported in 2025 (was €4,438)
- Tax, wage and social debts -€1,084
down €1,084 (-78.7%), from €1,378 to €294
of which Taxes: -€1,084
- Gross operating margin -€1,671
down €1,671 (-10.8%), from -€15,494 to -€17,165
- Other operating charges -€911
down €911 (-34.7%), from €2,627 to €1,717
- Financial charges -€490
down €490 (-24.9%), from €1,964 to €1,474
- Taxes +€304
up €304 (+4,913%), from €6 to €310
- Depreciation +€291
up €291 (+3.1%), from €9,412 to €9,703
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 | €88,310 | €44,664 | -€43,646 | -49.4% |
| Fixed assets | 21/28 | €33,544 | €24,735 | -€8,808 | -26.3% |
| Tangible fixed assets | 22/27 | €33,544 | €24,735 | -€8,808 | -26.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €1,422 | €784 | -€638 | -44.9% |
| Leasing and similar rights | 25 | €32,122 | €23,951 | -€8,170 | -25.4% |
| Current assets | 29/58 | €54,767 | €19,929 | -€34,838 | -63.6% |
| Amounts receivable within one year | 40/41 | €12,132 | €5,288 | -€6,844 | -56.4% |
| Trade receivables | 40 | €12,127 | €3,918 | -€8,209 | -67.7% |
| Other amounts receivable | 41 | €4 | €1,370 | +€1,365 | +30,677% |
| Current investments | 50/53 | €21,438 | €9,690 | -€11,748 | -54.8% |
| Cash at bank and in hand | 54/58 | €17,077 | €3,000 | -€14,077 | -82.4% |
| Deferred charges and accrued income | 490/1 | €4,121 | €1,952 | -€2,169 | -52.6% |
| Total equity and liabilities | 10/49 | €88,310 | €44,664 | -€43,646 | -49.4% |
| Equity | 10/15 | €39,550 | €11,331 | -€28,220 | -71.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,432 | €62,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,572 | €60,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,282 | -€63,501 | -€28,220 | -80.0% |
| Amounts payable | 17/49 | €48,760 | €33,334 | -€15,426 | -31.6% |
| Amounts payable after more than one year | 17 | €26,669 | €17,526 | -€9,144 | -34.3% |
| Financial debts | 170/4 | €26,669 | €17,526 | -€9,144 | -34.3% |
| Amounts payable within one year | 42/48 | €17,653 | €15,808 | -€1,845 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €9,144 | €9,144 | = | 0.0% |
| Trade debts | 44 | €2,366 | €2,233 | -€133 | -5.6% |
| Suppliers | 440/4 | €2,366 | €2,233 | -€133 | -5.6% |
| Taxes, remuneration and social security | 45 | €1,378 | €294 | -€1,084 | -78.7% |
| Taxes | 450/3 | €1,378 | €294 | -€1,084 | -78.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €4,766 | €4,138 | -€628 | -13.2% |
| Accrued charges and deferred income | 492/3 | €4,438 | - | -€4,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,412 | €9,703 | +€291 | +3.1% |
| Other operating charges | 640/8 | €2,627 | €1,717 | -€911 | -34.7% |
| Gross operating margin | 9900 | -€15,494 | -€17,165 | -€1,671 | -10.8% |
| Operating profit (loss) | 9901 | -€27,533 | -€28,584 | -€1,052 | -3.8% |
| Financial income | 75/76B | €2,171 | €2,150 | -€21 | -1.0% |
| Recurring financial income | 75 | €2,171 | €2,150 | -€21 | -1.0% |
| Financial charges | 65/66B | €1,964 | €1,474 | -€490 | -24.9% |
| Recurring financial charges | 65 | €1,964 | €1,474 | -€490 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,327 | -€27,909 | -€583 | -2.1% |
| Income taxes | 67/77 | €6 | €310 | +€304 | +4,913% |
| Profit (loss) for the period | 9904 | -€27,333 | -€28,220 | -€887 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,333 | -€28,220 | -€887 | -3.2% |
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 19 October 2026 via checked.be.