Contender: 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.
Contender
Largest movements
- Cash +€12,628
up €12,628 (+115%), from €10,971 to €23,599
mainly Deferred charges and accrued income (+€9,986) and Net result for the year (+€7,193)
- Deferred charges and accrued income -€9,986
down €9,986 (-100%), from €9,986 to €0
- Receivables within one year -€4,783
down €4,783 (-29.7%), from €16,110 to €11,327
of which Other amounts receivable: -€5,034
- Tangible fixed assets -€1,164
down €1,164 (-37.8%), from €3,084 to €1,920
of which Furniture and vehicles: -€2,143
- Other debts -€10,438
down €10,438 (-97.1%), from €10,750 to €312
- Profit (loss) carried forward +€7,193
up €7,193 (+709%), from €1,014 to €8,207
- Trade debts -€1,887
down €1,887 (-48.1%), from €3,925 to €2,037
- Tax, wage and social debts +€1,737
up €1,737 (+17.3%), from €10,014 to €11,752
- Gross operating margin -€10,543
down €10,543 (-44.4%), from €23,722 to €13,178
- Taxes -€4,250
down €4,250 (-74.6%), from €5,700 to €1,450
- Depreciation -€2,184
down €2,184 (-67.2%), from €3,251 to €1,068
- Financial charges +€1,626
up €1,626 (+4,096%), from €40 to €1,666
- Other operating charges -€1,421
down €1,421 (-84.1%), from €1,688 to €268
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 | €40,182 | €36,876 | -€3,306 | -8.2% |
| Fixed assets | 21/28 | €3,114 | €1,950 | -€1,164 | -37.4% |
| Tangible fixed assets | 22/27 | €3,084 | €1,920 | -€1,164 | -37.8% |
| Plant, machinery and equipment | 23 | €941 | €1,920 | +€979 | +104% |
| Furniture and vehicles | 24 | €2,143 | €0 | -€2,143 | -100% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €37,068 | €34,926 | -€2,142 | -5.8% |
| Amounts receivable within one year | 40/41 | €16,110 | €11,327 | -€4,783 | -29.7% |
| Trade receivables | 40 | €11,057 | €11,308 | +€251 | +2.3% |
| Other amounts receivable | 41 | €5,053 | €19 | -€5,034 | -99.6% |
| Cash at bank and in hand | 54/58 | €10,971 | €23,599 | +€12,628 | +115% |
| Deferred charges and accrued income | 490/1 | €9,986 | €0 | -€9,986 | -100% |
| Total equity and liabilities | 10/49 | €40,182 | €36,876 | -€3,306 | -8.2% |
| Equity | 10/15 | €15,493 | €22,685 | +€7,193 | +46.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,079 | €2,079 | = | 0.0% |
| Distributable reserves | 133 | €2,079 | €2,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,014 | €8,207 | +€7,193 | +709% |
| Amounts payable | 17/49 | €24,689 | €14,190 | -€10,499 | -42.5% |
| Amounts payable within one year | 42/48 | €24,689 | €14,101 | -€10,588 | -42.9% |
| Trade debts | 44 | €3,925 | €2,037 | -€1,887 | -48.1% |
| Suppliers | 440/4 | €3,925 | €2,037 | -€1,887 | -48.1% |
| Taxes, remuneration and social security | 45 | €10,014 | €11,752 | +€1,737 | +17.3% |
| Taxes | 450/3 | €10,014 | €11,752 | +€1,737 | +17.3% |
| Other amounts payable | 47/48 | €10,750 | €312 | -€10,438 | -97.1% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €1,068 | -€2,184 | -67.2% |
| Other operating charges | 640/8 | €1,688 | €268 | -€1,421 | -84.1% |
| Non-recurring operating charges | 66A | - | €1,535 | +€1,535 | |
| Gross operating margin | 9900 | €23,722 | €13,178 | -€10,543 | -44.4% |
| Operating profit (loss) | 9901 | €18,782 | €10,308 | -€8,474 | -45.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40 | €1,666 | +€1,626 | +4,096% |
| Recurring financial charges | 65 | €40 | €1,666 | +€1,626 | +4,096% |
| Profit (loss) for the period before taxes | 9903 | €18,742 | €8,643 | -€10,100 | -53.9% |
| Income taxes | 67/77 | €5,700 | €1,450 | -€4,250 | -74.6% |
| Profit (loss) for the period | 9904 | €13,042 | €7,193 | -€5,850 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,042 | €7,193 | -€5,850 | -44.9% |
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 24 October 2026 via checked.be.