Connecting the dots: 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.
Connecting the dots
Largest movements
- Receivables within one year +€53,120
up €53,120 (+1.8%), from €2.9m to €3.0m
of which Other amounts receivable: +€79,369
- Reserves +€53,000
up €53,000 (+1.8%), from €2.9m to €2.9m
of which Distributable reserves: +€53,000
- Financial income -€768,361
down €768,361 (-92.2%), from €833,589 to €65,229
of which Non-recurring financial income: -€737,495
- Gross operating margin -€1,650
down €1,650 (-21.0%), from -€7,867 to -€9,518
- Purchases and services +€1,650
up €1,650 (+21.0%), from €7,867 to €9,518
- Depreciation -€312
no longer reported in 2025 (was €312)
- Other operating charges +€217
up €217 (+16.5%), from €1,318 to €1,535
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 | €2,933,738 | €2,986,858 | +€53,120 | +1.8% |
| Current assets | 29/58 | €2,933,738 | €2,986,858 | +€53,120 | +1.8% |
| Amounts receivable within one year | 40/41 | €2,928,010 | €2,981,130 | +€53,120 | +1.8% |
| Trade receivables | 40 | €78,280 | €52,031 | -€26,249 | -33.5% |
| Other amounts receivable | 41 | €2,849,729 | €2,929,099 | +€79,369 | +2.8% |
| Cash at bank and in hand | 54/58 | €5,728 | €5,728 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €2,933,738 | €2,986,858 | +€53,120 | +1.8% |
| Equity | 10/15 | €2,930,707 | €2,983,487 | +€52,780 | +1.8% |
| 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 | €2,868,363 | €2,921,363 | +€53,000 | +1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,862,163 | €2,915,163 | +€53,000 | +1.9% |
| Profit (loss) carried forward | 14 | €343 | €123 | -€220 | -64.1% |
| Amounts payable | 17/49 | €3,031 | €3,371 | +€340 | +11.2% |
| Amounts payable within one year | 42/48 | €3,031 | €3,371 | +€340 | +11.2% |
| Trade debts | 44 | €3,031 | €3,371 | +€340 | +11.2% |
| Suppliers | 440/4 | €3,031 | €3,371 | +€340 | +11.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,867 | €9,518 | +€1,650 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | - | -€312 | |
| Other operating charges | 640/8 | €1,318 | €1,535 | +€217 | +16.5% |
| Gross operating margin | 9900 | -€7,867 | -€9,518 | -€1,650 | -21.0% |
| Operating profit (loss) | 9901 | -€9,498 | -€11,053 | -€1,555 | -16.4% |
| Financial income | 75/76B | €833,589 | €65,229 | -€768,361 | -92.2% |
| Recurring financial income | 75 | €96,095 | €65,229 | -€30,866 | -32.1% |
| Non-recurring financial income | 76B | €737,495 | - | -€737,495 | |
| Financial charges | 65/66B | €1,309 | €1,396 | +€88 | +6.7% |
| Recurring financial charges | 65 | €1,309 | €1,396 | +€88 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €822,783 | €52,780 | -€770,003 | -93.6% |
| Profit (loss) for the period | 9904 | €822,783 | €52,780 | -€770,003 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €822,783 | €52,780 | -€770,003 | -93.6% |
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 31 October 2026 via checked.be.