CODE BRUSSELS: 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.
CODE BRUSSELS
Largest movements
- Stocks and contracts +€45,213
new in 2025: €45,213
- Receivables within one year +€2,500
new in 2025: €2,500
- Cash -€1,917
down €1,917 (-76.7%), from €2,500 to €583
mainly Stocks and contracts (-€45,213) and Receivables within one year (-€2,500)
- Tax, wage and social debts +€22,427
new in 2025: €22,427
- Trade debts +€13,541
new in 2025: €13,541
- Other debts +€7,400
new in 2025: €7,400
- Reserves +€2,427
new in 2025: €2,427
- Gross operating margin +€55,914
new in 2025: €55,914
- Staff costs +€52,577
new in 2025: €52,577
- Taxes +€910
new in 2025: €910
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €2,500 | €48,296 | +€45,796 | +1831.8% |
| Current assets | 29/58 | €2,500 | €48,296 | +€45,796 | +1831.8% |
| Stocks and contracts in progress | 3 | - | €45,213 | +€45,213 | |
| Stocks | 30/36 | - | €45,213 | +€45,213 | |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €2,500 | €583 | -€1,917 | -76.7% |
| Total equity and liabilities | 10/49 | €2,500 | €48,296 | +€45,796 | +1831.8% |
| Equity | 10/15 | €2,500 | €4,927 | +€2,427 | +97.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €2,427 | +€2,427 | |
| Distributable reserves | 133 | - | €2,427 | +€2,427 | |
| Amounts payable | 17/49 | - | €43,369 | +€43,369 | |
| Amounts payable within one year | 42/48 | - | €43,369 | +€43,369 | |
| Trade debts | 44 | - | €13,541 | +€13,541 | |
| Suppliers | 440/4 | - | €13,541 | +€13,541 | |
| Taxes, remuneration and social security | 45 | - | €22,427 | +€22,427 | |
| Taxes | 450/3 | - | €22,427 | +€22,427 | |
| Other amounts payable | 47/48 | - | €7,400 | +€7,400 | |
| Remuneration, social security and pensions | 62 | - | €52,577 | +€52,577 | |
| Gross operating margin | 9900 | - | €55,914 | +€55,914 | |
| Operating profit (loss) | 9901 | - | €3,337 | +€3,337 | |
| Profit (loss) for the period before taxes | 9903 | - | €3,337 | +€3,337 | |
| Income taxes | 67/77 | - | €910 | +€910 | |
| Profit (loss) for the period | 9904 | - | €2,427 | +€2,427 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €2,427 | +€2,427 |
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.