Cold Call: 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.
Cold Call
Largest movements
- Cash -€7,117
down €7,117 (-30.0%), from €23,719 to €16,601
mainly Net result for the year (-€51,213) and Deferred charges and accrued income (-€5,507)
- Deferred charges and accrued income +€5,507
up €5,507 (+667%), from €826 to €6,334
- Intangible fixed assets -€4,990
down €4,990 (-20.1%), from €24,835 to €19,845
- Other debts +€44,338
up €44,338, from €0 to €44,338
- Reserves -€39,312
down €39,312 (-98.3%), from €40,009 to €697
- Profit (loss) carried forward -€11,901
new in 2025: -€11,901
- Tax, wage and social debts -€2,455
down €2,455 (-12.0%), from €20,380 to €17,925
- Gross operating margin -€92,171
down €92,171, from €49,991 to -€42,180
- Taxes -€10,337
down €10,337 (-98.8%), from €10,468 to €130
- Depreciation +€5,079
up €5,079 (+702%), from €724 to €5,803
- Financial charges +€2,203
up €2,203 (+587%), from €376 to €2,579
- Financial income -€2,127
no longer reported in 2025 (was €2,127)
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 | €118,478 | €110,039 | -€8,440 | -7.1% |
| Fixed assets | 21/28 | €28,014 | €22,210 | -€5,803 | -20.7% |
| Intangible fixed assets | 21 | €24,835 | €19,845 | -€4,990 | -20.1% |
| Tangible fixed assets | 22/27 | €3,179 | €2,366 | -€813 | -25.6% |
| Plant, machinery and equipment | 23 | €2,231 | - | -€2,231 | |
| Furniture and vehicles | 24 | €948 | €2,366 | +€1,418 | +150% |
| Current assets | 29/58 | €90,465 | €87,828 | -€2,636 | -2.9% |
| Amounts receivable within one year | 40/41 | €65,920 | €64,894 | -€1,026 | -1.6% |
| Trade receivables | 40 | €32,670 | €57,098 | +€24,428 | +74.8% |
| Other amounts receivable | 41 | €33,250 | €7,796 | -€25,454 | -76.6% |
| Cash at bank and in hand | 54/58 | €23,719 | €16,601 | -€7,117 | -30.0% |
| Deferred charges and accrued income | 490/1 | €826 | €6,334 | +€5,507 | +667% |
| Total equity and liabilities | 10/49 | €118,478 | €110,039 | -€8,440 | -7.1% |
| Equity | 10/15 | €43,009 | -€8,204 | -€51,213 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,009 | €697 | -€39,312 | -98.3% |
| Distributable reserves | 133 | €40,009 | €697 | -€39,312 | -98.3% |
| Profit (loss) carried forward | 14 | - | -€11,901 | -€11,901 | |
| Amounts payable | 17/49 | €75,469 | €118,242 | +€42,773 | +56.7% |
| Amounts payable within one year | 42/48 | €75,469 | €118,053 | +€42,584 | +56.4% |
| Trade debts | 44 | €55,090 | €55,790 | +€701 | +1.3% |
| Suppliers | 440/4 | €55,090 | €55,790 | +€701 | +1.3% |
| Taxes, remuneration and social security | 45 | €20,380 | €17,925 | -€2,455 | -12.0% |
| Taxes | 450/3 | €20,380 | €17,925 | -€2,455 | -12.0% |
| Other amounts payable | 47/48 | €0 | €44,338 | +€44,338 | |
| Accrued charges and deferred income | 492/3 | - | €189 | +€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €5,803 | +€5,079 | +702% |
| Other operating charges | 640/8 | €1,239 | €520 | -€719 | -58.0% |
| Gross operating margin | 9900 | €49,991 | -€42,180 | -€92,171 | |
| Operating profit (loss) | 9901 | €48,028 | -€48,503 | -€96,531 | |
| Financial income | 75/76B | €2,127 | - | -€2,127 | |
| Recurring financial income | 75 | €2,127 | - | -€2,127 | |
| Financial charges | 65/66B | €376 | €2,579 | +€2,203 | +587% |
| Recurring financial charges | 65 | €376 | €2,579 | +€2,203 | +587% |
| Profit (loss) for the period before taxes | 9903 | €49,779 | -€51,082 | -€100,862 | |
| Income taxes | 67/77 | €10,468 | €130 | -€10,337 | -98.8% |
| Profit (loss) for the period | 9904 | €39,312 | -€51,213 | -€90,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,312 | -€51,213 | -€90,524 |
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 15 October 2026 via checked.be.