CONNECT TO: 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.
CONNECT TO
Largest movements
- Cash -€17,574
down €17,574 (-28.6%), from €61,553 to €43,979
mainly Contributions, distributions and other (-€20,000) and Other debts (-€18,043)
- Receivables within one year -€3,283
down €3,283 (-21.2%), from €15,496 to €12,213
of which Other amounts receivable: -€3,547
- Tangible fixed assets -€2,013
down €2,013 (-47.5%), from €4,242 to €2,229
of which Furniture and vehicles: -€1,565
- Other debts -€18,043
down €18,043 (-59.8%), from €30,197 to €12,154
- Profit (loss) carried forward -€4,807
down €4,807 (-32.0%), from €15,016 to €10,209
- Gross operating margin +€7,337
up €7,337 (+43.0%), from €17,069 to €24,406
- Taxes +€2,540
up €2,540 (+57.6%), from €4,411 to €6,951
- Staff costs -€387
no longer reported in 2025 (was €387)
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 | €81,381 | €58,558 | -€22,823 | -28.0% |
| Fixed assets | 21/28 | €4,332 | €2,319 | -€2,013 | -46.5% |
| Tangible fixed assets | 22/27 | €4,242 | €2,229 | -€2,013 | -47.5% |
| Plant, machinery and equipment | 23 | €1,803 | €1,355 | -€448 | -24.8% |
| Furniture and vehicles | 24 | €2,439 | €874 | -€1,565 | -64.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €77,049 | €56,239 | -€20,810 | -27.0% |
| Amounts receivable within one year | 40/41 | €15,496 | €12,213 | -€3,283 | -21.2% |
| Trade receivables | 40 | €8,700 | €8,964 | +€264 | +3.0% |
| Other amounts receivable | 41 | €6,796 | €3,249 | -€3,547 | -52.2% |
| Cash at bank and in hand | 54/58 | €61,553 | €43,979 | -€17,574 | -28.6% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €81,381 | €58,558 | -€22,823 | -28.0% |
| Equity | 10/15 | €35,476 | €30,669 | -€4,807 | -13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €15,016 | €10,209 | -€4,807 | -32.0% |
| Amounts payable | 17/49 | €45,905 | €27,889 | -€18,016 | -39.2% |
| Amounts payable within one year | 42/48 | €45,441 | €27,669 | -€17,772 | -39.1% |
| Trade debts | 44 | €1,921 | €2,325 | +€404 | +21.0% |
| Suppliers | 440/4 | €1,921 | €2,325 | +€404 | +21.0% |
| Taxes, remuneration and social security | 45 | €13,323 | €13,190 | -€133 | -1.0% |
| Taxes | 450/3 | €11,362 | €11,012 | -€350 | -3.1% |
| Remuneration and social security | 454/9 | €1,961 | €2,178 | +€217 | +11.1% |
| Other amounts payable | 47/48 | €30,197 | €12,154 | -€18,043 | -59.8% |
| Accrued charges and deferred income | 492/3 | €464 | €220 | -€244 | -52.6% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,001 | €2,013 | +€12 | +0.6% |
| Other operating charges | 640/8 | €226 | €63 | -€163 | -72.1% |
| Gross operating margin | 9900 | €17,069 | €24,406 | +€7,337 | +43.0% |
| Operating profit (loss) | 9901 | €14,455 | €22,330 | +€7,875 | +54.5% |
| Financial income | 75/76B | €24 | €238 | +€214 | +892% |
| Recurring financial income | 75 | €24 | €238 | +€214 | +892% |
| Financial charges | 65/66B | €431 | €424 | -€7 | -1.6% |
| Recurring financial charges | 65 | €431 | €424 | -€7 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €14,048 | €22,144 | +€8,096 | +57.6% |
| Income taxes | 67/77 | €4,411 | €6,951 | +€2,540 | +57.6% |
| Profit (loss) for the period | 9904 | €9,637 | €15,193 | +€5,556 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,637 | €15,193 | +€5,556 | +57.7% |
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 23 October 2026 via checked.be.