Checkroom: 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.
Checkroom
Largest movements
- Financial fixed assets -€3.1m
down €3.1m (-69.0%), from €4.6m to €1.4m
- Cash +€1.1m
up €1.1m (+123.5%), from €915,289 to €2.0m
mainly Investment in fixed assets (net) (+€3.1m) and Contributions, distributions and other (+€2.6m)
- Receivables within one year +€145,083
up €145,083 (+35.6%), from €407,026 to €552,109
of which Trade receivables: +€130,198
- Contributions +€2.6m
up €2.6m (+21.6%), from €12.1m to €14.7m
of which Outside capital: +€7.1m
- Trade debts -€2.0m
down €2.0m (-92.8%), from €2.1m to €153,729
- Profit (loss) carried forward -€1.6m
down €1.6m (-14.6%), from -€10.6m to -€12.2m
- Accrued charges and deferred income -€817,179
down €817,179 (-38.3%), from €2.1m to €1.3m
- Tax, wage and social debts -€155,474
down €155,474 (-38.2%), from €407,049 to €251,575
of which Remuneration and social security: -€227,441
- Financial income -€1.3m
down €1.3m (-56.0%), from €2.3m to €1.0m
of which Non-recurring financial income: -€1.3m
- Staff costs -€1.1m
down €1.1m (-42.7%), from €2.6m to €1.5m
- Gross operating margin +€623,629
up €623,629 (+45.1%), from -€1.4m to -€760,167
- Financial charges +€210,047
up €210,047 (+830.4%), from €25,294 to €235,341
of which Financial charges: +€172,974
- Depreciation +€23,605
up €23,605 (+46.2%), from €51,073 to €74,678
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 | €6,123,365 | €4,225,253 | -€1.9m | -31.0% |
| Fixed assets | 21/28 | €4,637,636 | €1,466,958 | -€3.2m | -68.4% |
| Intangible fixed assets | 21 | €36,331 | €22,960 | -€13,371 | -36.8% |
| Tangible fixed assets | 22/27 | €44,168 | €29,678 | -€14,490 | -32.8% |
| Plant, machinery and equipment | 23 | €13,959 | €16,851 | +€2,892 | +20.7% |
| Furniture and vehicles | 24 | €13,803 | €3,395 | -€10,408 | -75.4% |
| Other tangible fixed assets | 26 | €16,406 | €9,432 | -€6,974 | -42.5% |
| Financial fixed assets | 28 | €4,557,137 | €1,414,320 | -€3.1m | -69.0% |
| Current assets | 29/58 | €1,485,729 | €2,758,295 | +€1.3m | +85.7% |
| Amounts receivable within one year | 40/41 | €407,026 | €552,109 | +€145,083 | +35.6% |
| Trade receivables | 40 | €353,131 | €483,329 | +€130,198 | +36.9% |
| Other amounts receivable | 41 | €53,895 | €68,780 | +€14,885 | +27.6% |
| Cash at bank and in hand | 54/58 | €915,289 | €2,045,379 | +€1.1m | +123.5% |
| Deferred charges and accrued income | 490/1 | €163,414 | €160,807 | -€2,607 | -1.6% |
| Total equity and liabilities | 10/49 | €6,123,365 | €4,225,253 | -€1.9m | -31.0% |
| Equity | 10/15 | €1,446,481 | €2,503,949 | +€1.1m | +73.1% |
| Contributions | 10/11 | €12,088,676 | €14,701,218 | +€2.6m | +21.6% |
| Capital | 10 | €4,981,907 | €519,383 | -€4.5m | -89.6% |
| Issued capital | 100 | €4,981,907 | €519,383 | -€4.5m | -89.6% |
| Outside capital | 11 | €7,106,769 | €14,181,835 | +€7.1m | +99.6% |
| Share premium | 1100/10 | €7,106,769 | €14,181,835 | +€7.1m | +99.6% |
| Profit (loss) carried forward | 14 | -€10,642,195 | -€12,197,269 | -€1.6m | -14.6% |
| Amounts payable | 17/49 | €4,676,884 | €1,721,304 | -€3.0m | -63.2% |
| Amounts payable within one year | 42/48 | €2,543,705 | €405,304 | -€2.1m | -84.1% |
| Trade debts | 44 | €2,136,656 | €153,729 | -€2.0m | -92.8% |
| Suppliers | 440/4 | €2,136,656 | €153,729 | -€2.0m | -92.8% |
| Taxes, remuneration and social security | 45 | €407,049 | €251,575 | -€155,474 | -38.2% |
| Taxes | 450/3 | €315 | €72,282 | +€71,967 | +22846.7% |
| Remuneration and social security | 454/9 | €406,734 | €179,293 | -€227,441 | -55.9% |
| Accrued charges and deferred income | 492/3 | €2,133,179 | €1,316,000 | -€817,179 | -38.3% |
| Remuneration, social security and pensions | 62 | €2,583,224 | €1,481,443 | -€1.1m | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,073 | €74,678 | +€23,605 | +46.2% |
| Other operating charges | 640/8 | €6,197 | €6,279 | +€82 | +1.3% |
| Gross operating margin | 9900 | -€1,383,796 | -€760,167 | +€623,629 | +45.1% |
| Operating profit (loss) | 9901 | -€4,024,290 | -€2,322,567 | +€1.7m | +42.3% |
| Financial income | 75/76B | €2,279,798 | €1,003,080 | -€1.3m | -56.0% |
| Recurring financial income | 75 | €99,628 | €158,419 | +€58,791 | +59.0% |
| Non-recurring financial income | 76B | €2,180,170 | €844,661 | -€1.3m | -61.3% |
| Financial charges | 65/66B | €25,294 | €235,341 | +€210,047 | +830.4% |
| Recurring financial charges | 65 | €23,618 | €196,592 | +€172,974 | +732.4% |
| Non-recurring financial charges | 66B | €1,676 | €38,749 | +€37,073 | +2212.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,769,786 | -€1,554,828 | +€214,958 | +12.1% |
| Income taxes | 67/77 | - | €245 | +€245 | |
| Profit (loss) for the period | 9904 | -€1,769,786 | -€1,555,073 | +€214,713 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,769,786 | -€1,555,073 | +€214,713 | +12.1% |
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 6 October 2026 via checked.be.