CONSEQUENCE: 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.
CONSEQUENCE
Largest movements
- Cash -€26,950
down €26,950 (-83.0%), from €32,468 to €5,518
mainly Contributions, distributions and other (-€24,891) and Receivables within one year (-€20,111)
- Receivables within one year +€20,111
up €20,111 (+271.2%), from €7,416 to €27,528
of which Trade receivables: +€21,538
- Financial fixed assets +€8,000
up €8,000 (+17777.8%), from €45 to €8,045
- Deferred charges and accrued income -€2,130
down €2,130 (-20.6%), from €10,329 to €8,199
- Tangible fixed assets -€1,149
down €1,149 (-12.3%), from €9,328 to €8,179
of which Other tangible fixed assets: -€650
- Other debts +€28,956
new in 2025: €28,956
- Reserves -€24,891
down €24,891 (-54.1%), from €46,020 to €21,129
- Profit (loss) carried forward -€3,966
down €3,966 (-27.1%), from -€14,662 to -€18,629
- Tax, wage and social debts -€3,022
down €3,022 (-14.9%), from €20,256 to €17,234
of which Taxes: -€6,372
- Trade debts +€1,009
up €1,009 (+108.0%), from €934 to €1,944
- Gross operating margin +€11,630
up €11,630, from -€9,839 to €1,791
- Financial charges +€568
up €568 (+42.1%), from €1,349 to €1,917
- Depreciation +€216
up €216 (+7.7%), from €2,803 to €3,019
- Taxes +€180
up €180 (+116.6%), from €154 to €334
- Other operating charges -€129
down €129 (-20.3%), from €632 to €503
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 | €59,587 | €57,469 | -€2,118 | -3.6% |
| Fixed assets | 21/28 | €9,373 | €16,224 | +€6,851 | +73.1% |
| Tangible fixed assets | 22/27 | €9,328 | €8,179 | -€1,149 | -12.3% |
| Land and buildings | 22 | €1,670 | €1,053 | -€617 | -36.9% |
| Plant, machinery and equipment | 23 | €2,625 | €3,192 | +€567 | +21.6% |
| Furniture and vehicles | 24 | €3,874 | €3,424 | -€450 | -11.6% |
| Other tangible fixed assets | 26 | €1,159 | €509 | -€650 | -56.1% |
| Financial fixed assets | 28 | €45 | €8,045 | +€8,000 | +17777.8% |
| Current assets | 29/58 | €50,214 | €41,245 | -€8,969 | -17.9% |
| Amounts receivable within one year | 40/41 | €7,416 | €27,528 | +€20,111 | +271.2% |
| Trade receivables | 40 | €5,990 | €27,528 | +€21,538 | +359.6% |
| Other amounts receivable | 41 | €1,427 | - | -€1,427 | |
| Cash at bank and in hand | 54/58 | €32,468 | €5,518 | -€26,950 | -83.0% |
| Deferred charges and accrued income | 490/1 | €10,329 | €8,199 | -€2,130 | -20.6% |
| Total equity and liabilities | 10/49 | €59,587 | €57,469 | -€2,118 | -3.6% |
| Equity | 10/15 | €37,557 | €8,700 | -€28,857 | -76.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,020 | €21,129 | -€24,891 | -54.1% |
| Distributable reserves | 133 | €46,020 | €21,129 | -€24,891 | -54.1% |
| Profit (loss) carried forward | 14 | -€14,662 | -€18,629 | -€3,966 | -27.1% |
| Amounts payable | 17/49 | €22,030 | €48,769 | +€26,739 | +121.4% |
| Amounts payable within one year | 42/48 | €21,191 | €48,134 | +€26,943 | +127.1% |
| Trade debts | 44 | €934 | €1,944 | +€1,009 | +108.0% |
| Suppliers | 440/4 | €934 | €1,944 | +€1,009 | +108.0% |
| Taxes, remuneration and social security | 45 | €20,256 | €17,234 | -€3,022 | -14.9% |
| Taxes | 450/3 | €20,256 | €13,884 | -€6,372 | -31.5% |
| Remuneration and social security | 454/9 | - | €3,350 | +€3,350 | |
| Other amounts payable | 47/48 | - | €28,956 | +€28,956 | |
| Accrued charges and deferred income | 492/3 | €839 | €635 | -€204 | -24.3% |
| Non-recurring operating income | 76A | €2,299 | - | -€2,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,803 | €3,019 | +€216 | +7.7% |
| Other operating charges | 640/8 | €632 | €503 | -€129 | -20.3% |
| Gross operating margin | 9900 | -€9,839 | €1,791 | +€11,630 | |
| Operating profit (loss) | 9901 | -€13,273 | -€1,730 | +€11,542 | +87.0% |
| Financial income | 75/76B | €114 | €15 | -€98 | -86.4% |
| Recurring financial income | 75 | €114 | €15 | -€98 | -86.4% |
| Financial charges | 65/66B | €1,349 | €1,917 | +€568 | +42.1% |
| Recurring financial charges | 65 | €1,349 | €1,917 | +€568 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,508 | -€3,632 | +€10,876 | +75.0% |
| Income taxes | 67/77 | €154 | €334 | +€180 | +116.6% |
| Profit (loss) for the period | 9904 | -€14,662 | -€3,966 | +€10,696 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,662 | -€3,966 | +€10,696 | +72.9% |
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 12 October 2026 via checked.be.