Chasing Unicorns: 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.
Chasing Unicorns
Largest movements
- Deferred charges and accrued income +€26,171
up €26,171 (+546%), from €4,794 to €30,965
- Receivables within one year +€24,795
up €24,795 (+25.4%), from €97,728 to €122,523
of which Trade receivables: +€37,778
- Cash +€22,039
up €22,039 (+205%), from €10,741 to €32,780
mainly Other debts (+€62,624) and Net result for the year (+€20,970)
- Other debts +€62,624
up €62,624 (+177%), from €35,332 to €97,956
- Profit (loss) carried forward +€13,328
up €13,328, from -€13,328 to €0
- Debts after one year -€12,000
down €12,000 (-7.9%), from €152,000 to €140,000
- Reserves +€7,641
up €7,641 (+50.9%), from €15,000 to €22,641
- Trade debts -€5,039
down €5,039 (-9.7%), from €52,179 to €47,140
- Gross operating margin +€50,623
up €50,623, from -€9,615 to €41,008
- Financial charges +€13,349
up €13,349 (+583%), from €2,288 to €15,637
- Taxes +€2,527
up €2,527 (+8,681%), from €29 to €2,556
- Depreciation +€624
up €624 (+26.7%), from €2,338 to €2,962
- Other operating charges -€487
down €487 (-41.2%), from €1,180 to €694
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 | €258,663 | €328,706 | +€70,043 | +27.1% |
| Fixed assets | 21/28 | €25,399 | €22,437 | -€2,962 | -11.7% |
| Intangible fixed assets | 21 | €1,195 | €853 | -€342 | -28.6% |
| Tangible fixed assets | 22/27 | €24,204 | €21,584 | -€2,620 | -10.8% |
| Other tangible fixed assets | 26 | €24,204 | €21,584 | -€2,620 | -10.8% |
| Current assets | 29/58 | €233,263 | €306,269 | +€73,005 | +31.3% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,728 | €122,523 | +€24,795 | +25.4% |
| Trade receivables | 40 | €27,460 | €65,238 | +€37,778 | +138% |
| Other amounts receivable | 41 | €70,269 | €57,285 | -€12,983 | -18.5% |
| Cash at bank and in hand | 54/58 | €10,741 | €32,780 | +€22,039 | +205% |
| Deferred charges and accrued income | 490/1 | €4,794 | €30,965 | +€26,171 | +546% |
| Total equity and liabilities | 10/49 | €258,663 | €328,706 | +€70,043 | +27.1% |
| Equity | 10/15 | €11,672 | €32,641 | +€20,970 | +180% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €22,641 | +€7,641 | +50.9% |
| Distributable reserves | 133 | €15,000 | €22,641 | +€7,641 | +50.9% |
| Profit (loss) carried forward | 14 | -€13,328 | €0 | +€13,328 | |
| Amounts payable | 17/49 | €246,991 | €296,064 | +€49,074 | +19.9% |
| Amounts payable after more than one year | 17 | €152,000 | €140,000 | -€12,000 | -7.9% |
| Financial debts | 170/4 | €152,000 | €140,000 | -€12,000 | -7.9% |
| Amounts payable within one year | 42/48 | €94,991 | €156,064 | +€61,074 | +64.3% |
| Trade debts | 44 | €52,179 | €47,140 | -€5,039 | -9.7% |
| Suppliers | 440/4 | €52,179 | €47,140 | -€5,039 | -9.7% |
| Taxes, remuneration and social security | 45 | €7,479 | €10,968 | +€3,489 | +46.7% |
| Taxes | 450/3 | €7,479 | €9,065 | +€1,586 | +21.2% |
| Remuneration and social security | 454/9 | - | €1,903 | +€1,903 | |
| Other amounts payable | 47/48 | €35,332 | €97,956 | +€62,624 | +177% |
| Non-recurring operating income | 76A | €2,051 | €0 | -€2,051 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,338 | €2,962 | +€624 | +26.7% |
| Other operating charges | 640/8 | €1,180 | €694 | -€487 | -41.2% |
| Gross operating margin | 9900 | -€9,615 | €41,008 | +€50,623 | |
| Operating profit (loss) | 9901 | -€13,133 | €37,352 | +€50,485 | |
| Financial income | 75/76B | €2,101 | €1,810 | -€290 | -13.8% |
| Recurring financial income | 75 | €2,101 | €1,810 | -€290 | -13.8% |
| Financial charges | 65/66B | €2,288 | €15,637 | +€13,349 | +583% |
| Recurring financial charges | 65 | €2,288 | €15,637 | +€13,349 | +583% |
| Profit (loss) for the period before taxes | 9903 | -€13,321 | €23,526 | +€36,846 | |
| Income taxes | 67/77 | €29 | €2,556 | +€2,527 | +8,681% |
| Profit (loss) for the period | 9904 | -€13,350 | €20,970 | +€34,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,350 | €20,970 | +€34,319 |
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 27 October 2026 via checked.be.