Cockpit²: 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.
Cockpit²
Largest movements
- Financial fixed assets -€40,000
down €40,000 (-99.1%), from €40,363 to €363
- Tangible fixed assets -€12,939
down €12,939 (-96.3%), from €13,434 to €495
- Receivables within one year +€12,939
up €12,939 (+37.3%), from €34,669 to €47,608
of which Other amounts receivable: +€12,383
- Cash -€3,680
down €3,680 (-84.0%), from €4,380 to €700
mainly Net result for the year (-€25,356) and Debts after one year (-€20,325)
- Profit (loss) carried forward -€25,356
down €25,356 (-61.0%), from -€41,575 to -€66,931
- Debts after one year -€20,325
down €20,325 (-43.6%), from €46,650 to €26,325
- Trade debts +€1,599
up €1,599 (+30.1%), from €5,312 to €6,911
- Advances received +€1,596
new in 2025: €1,596
- Purchases and services +€42,461
new in 2025: €42,461
- Turnover +€41,959
new in 2025: €41,959
- Financial charges +€28,222
up €28,222 (+10854.6%), from €260 to €28,482
- Financial income +€18,931
up €18,931 (+37.8%), from €50,069 to €69,000
of which Financial income: +€68,931
- Gross operating margin +€10,904
up €10,904 (+95.6%), from -€11,407 to -€503
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 | €92,846 | €49,166 | -€43,680 | -47.0% |
| Fixed assets | 21/28 | €53,797 | €858 | -€52,939 | -98.4% |
| Tangible fixed assets | 22/27 | €13,434 | €495 | -€12,939 | -96.3% |
| Plant, machinery and equipment | 23 | €13,434 | €495 | -€12,939 | -96.3% |
| Financial fixed assets | 28 | €40,363 | €363 | -€40,000 | -99.1% |
| Current assets | 29/58 | €39,049 | €48,308 | +€9,259 | +23.7% |
| Amounts receivable within one year | 40/41 | €34,669 | €47,608 | +€12,939 | +37.3% |
| Trade receivables | 40 | €11,799 | €12,355 | +€556 | +4.7% |
| Other amounts receivable | 41 | €22,870 | €35,253 | +€12,383 | +54.1% |
| Cash at bank and in hand | 54/58 | €4,380 | €700 | -€3,680 | -84.0% |
| Total equity and liabilities | 10/49 | €92,846 | €49,166 | -€43,680 | -47.0% |
| Equity | 10/15 | €37,825 | €12,469 | -€25,356 | -67.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,400 | €17,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,400 | €17,400 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,575 | -€66,931 | -€25,356 | -61.0% |
| Amounts payable | 17/49 | €55,021 | €36,697 | -€18,324 | -33.3% |
| Amounts payable after more than one year | 17 | €46,650 | €26,325 | -€20,325 | -43.6% |
| Other amounts payable | 178/9 | €46,650 | €26,325 | -€20,325 | -43.6% |
| Amounts payable within one year | 42/48 | €8,371 | €10,372 | +€2,001 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €484 | - | -€484 | |
| Financial debts | 43 | €552 | - | -€552 | |
| Credit institutions | 430/8 | €552 | - | -€552 | |
| Trade debts | 44 | €5,312 | €6,911 | +€1,599 | +30.1% |
| Suppliers | 440/4 | €5,312 | €6,911 | +€1,599 | +30.1% |
| Advances received on contracts in progress | 46 | - | €1,596 | +€1,596 | |
| Taxes, remuneration and social security | 45 | €2,023 | €1,865 | -€158 | -7.8% |
| Taxes | 450/3 | €340 | - | -€340 | |
| Remuneration and social security | 454/9 | €1,683 | €1,865 | +€182 | +10.8% |
| Turnover | 70 | - | €41,959 | +€41,959 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €42,461 | +€42,461 | |
| Remuneration, social security and pensions | 62 | €15,022 | €12,952 | -€2,070 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,419 | €990 | -€4,429 | -81.7% |
| Other operating charges | 640/8 | €5,201 | €439 | -€4,762 | -91.6% |
| Non-recurring operating charges | 66A | - | €50,990 | +€50,990 | |
| Gross operating margin | 9900 | -€11,407 | -€503 | +€10,904 | +95.6% |
| Operating profit (loss) | 9901 | -€37,049 | -€65,874 | -€28,825 | -77.8% |
| Financial income | 75/76B | €50,069 | €69,000 | +€18,931 | +37.8% |
| Recurring financial income | 75 | €69 | €69,000 | +€68,931 | +99900.0% |
| Non-recurring financial income | 76B | €50,000 | €69,000 | +€19,000 | +38.0% |
| Financial charges | 65/66B | €260 | €28,482 | +€28,222 | +10854.6% |
| Recurring financial charges | 65 | €260 | €28,482 | +€28,222 | +10854.6% |
| Profit (loss) for the period before taxes | 9903 | €12,760 | -€25,356 | -€38,116 | |
| Profit (loss) for the period | 9904 | €12,760 | -€25,356 | -€38,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,760 | -€25,356 | -€38,116 |
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 10 October 2026 via checked.be.