COCKPIT: 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.
COCKPIT
Largest movements
- Receivables after one year -€17,500
down €17,500 (-100.0%), from €17,500 to €0
- Deferred charges and accrued income -€3,814
down €3,814 (-100.0%), from €3,814 to €0
- Cash -€3,728
down €3,728 (-11.2%), from €33,373 to €29,645
mainly Net result for the year (-€17,582) and Other debts (-€8,255)
- Receivables within one year -€2,194
down €2,194 (-4.0%), from €54,667 to €52,473
of which Other amounts receivable: -€2,069
- Profit (loss) carried forward -€17,582
down €17,582, from €241 to -€17,341
- Other debts -€8,255
down €8,255 (-100.0%), from €8,255 to €0
- Tax, wage and social debts -€2,405
down €2,405 (-95.7%), from €2,514 to €109
- Gross operating margin -€44,779
down €44,779, from €31,284 to -€13,495
- Taxes -€10,870
down €10,870, from €10,000 to -€870
- Financial income -€1,276
down €1,276 (-68.5%), from €1,862 to €586
- Other operating charges +€1,182
up €1,182 (+79.6%), from €1,484 to €2,666
- Depreciation +€373
up €373 (+16.0%), from €2,326 to €2,699
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 | €127,230 | €98,716 | -€28,514 | -22.4% |
| Fixed assets | 21/28 | €17,876 | €16,598 | -€1,278 | -7.1% |
| Intangible fixed assets | 21 | €272 | €102 | -€170 | -62.5% |
| Tangible fixed assets | 22/27 | €7,604 | €6,496 | -€1,108 | -14.6% |
| Furniture and vehicles | 24 | €7,604 | €6,496 | -€1,108 | -14.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €109,354 | €82,118 | -€27,236 | -24.9% |
| Amounts receivable after more than one year | 29 | €17,500 | €0 | -€17,500 | -100.0% |
| Other amounts receivable | 291 | €17,500 | €0 | -€17,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €54,667 | €52,473 | -€2,194 | -4.0% |
| Trade receivables | 40 | €9,392 | €9,267 | -€125 | -1.3% |
| Other amounts receivable | 41 | €45,275 | €43,206 | -€2,069 | -4.6% |
| Cash at bank and in hand | 54/58 | €33,373 | €29,645 | -€3,728 | -11.2% |
| Deferred charges and accrued income | 490/1 | €3,814 | €0 | -€3,814 | -100.0% |
| Total equity and liabilities | 10/49 | €127,230 | €98,716 | -€28,514 | -22.4% |
| Equity | 10/15 | €116,189 | €98,607 | -€17,582 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,748 | €109,748 | = | 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 | €107,888 | €107,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241 | -€17,341 | -€17,582 | |
| Amounts payable | 17/49 | €11,041 | €109 | -€10,932 | -99.0% |
| Amounts payable within one year | 42/48 | €11,041 | €109 | -€10,932 | -99.0% |
| Trade debts | 44 | €272 | - | -€272 | |
| Suppliers | 440/4 | €272 | - | -€272 | |
| Taxes, remuneration and social security | 45 | €2,514 | €109 | -€2,405 | -95.7% |
| Taxes | 450/3 | €2,514 | €109 | -€2,405 | -95.7% |
| Other amounts payable | 47/48 | €8,255 | €0 | -€8,255 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €2,699 | +€373 | +16.0% |
| Other operating charges | 640/8 | €1,484 | €2,666 | +€1,182 | +79.6% |
| Gross operating margin | 9900 | €31,284 | -€13,495 | -€44,779 | |
| Operating profit (loss) | 9901 | €27,474 | -€18,860 | -€46,334 | |
| Financial income | 75/76B | €1,862 | €586 | -€1,276 | -68.5% |
| Recurring financial income | 75 | €1,862 | €586 | -€1,276 | -68.5% |
| Financial charges | 65/66B | €185 | €178 | -€7 | -3.8% |
| Recurring financial charges | 65 | €185 | €178 | -€7 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €29,151 | -€18,452 | -€47,603 | |
| Income taxes | 67/77 | €10,000 | -€870 | -€10,870 | |
| Profit (loss) for the period | 9904 | €19,151 | -€17,582 | -€36,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,151 | -€17,582 | -€36,733 |
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.