CONTENT: 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.
CONTENT
Largest movements
- Cash -€8,614
down €8,614 (-13.9%), from €61,971 to €53,357
mainly Net result for the year (-€12,467) and Stocks and contracts (-€6,739)
- Stocks and contracts +€6,739
new in 2025: €6,739
- Deferred charges and accrued income -€4,113
down €4,113 (-70.4%), from €5,841 to €1,729
- Receivables within one year -€2,177
down €2,177 (-59.0%), from €3,690 to €1,514
of which Other amounts receivable: -€1,685
- Other debts +€10,304
up €10,304 (+136%), from €7,575 to €17,879
- Profit (loss) carried forward -€6,804
new in 2025: -€6,804
- Reserves -€5,663
down €5,663 (-15.3%), from €37,063 to €31,400
of which Distributable reserves: -€5,663
- Tax, wage and social debts -€4,423
down €4,423 (-60.3%), from €7,339 to €2,916
- Trade debts -€1,961
down €1,961 (-80.5%), from €2,436 to €474
- Gross operating margin +€19,610
up €19,610 (+67.6%), from -€29,016 to -€9,406
- Other operating charges +€592
up €592 (+54.5%), from €1,086 to €1,678
- Taxes -€572
down €572 (-67.2%), from €852 to €280
- Financial charges +€521
up €521 (+133%), from €392 to €913
- Depreciation +€364
up €364 (+1,933%), from €19 to €383
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 | €73,013 | €64,465 | -€8,548 | -11.7% |
| Fixed assets | 21/28 | €1,510 | €1,127 | -€383 | -25.4% |
| Tangible fixed assets | 22/27 | €1,130 | €747 | -€383 | -33.9% |
| Plant, machinery and equipment | 23 | €1,130 | €747 | -€383 | -33.9% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €71,503 | €63,338 | -€8,165 | -11.4% |
| Stocks and contracts in progress | 3 | - | €6,739 | +€6,739 | |
| Stocks | 30/36 | - | €6,739 | +€6,739 | |
| Amounts receivable within one year | 40/41 | €3,690 | €1,514 | -€2,177 | -59.0% |
| Trade receivables | 40 | €2,001 | €1,510 | -€491 | -24.6% |
| Other amounts receivable | 41 | €1,689 | €4 | -€1,685 | -99.8% |
| Cash at bank and in hand | 54/58 | €61,971 | €53,357 | -€8,614 | -13.9% |
| Deferred charges and accrued income | 490/1 | €5,841 | €1,729 | -€4,113 | -70.4% |
| Total equity and liabilities | 10/49 | €73,013 | €64,465 | -€8,548 | -11.7% |
| Equity | 10/15 | €55,663 | €43,196 | -€12,467 | -22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,063 | €31,400 | -€5,663 | -15.3% |
| Non-distributable reserves | 130/1 | €31,400 | €31,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,400 | €31,400 | = | 0.0% |
| Distributable reserves | 133 | €5,663 | - | -€5,663 | |
| Profit (loss) carried forward | 14 | - | -€6,804 | -€6,804 | |
| Amounts payable | 17/49 | €17,350 | €21,269 | +€3,919 | +22.6% |
| Amounts payable within one year | 42/48 | €17,350 | €21,269 | +€3,919 | +22.6% |
| Trade debts | 44 | €2,436 | €474 | -€1,961 | -80.5% |
| Suppliers | 440/4 | €2,436 | €474 | -€1,961 | -80.5% |
| Taxes, remuneration and social security | 45 | €7,339 | €2,916 | -€4,423 | -60.3% |
| Taxes | 450/3 | €7,339 | €2,916 | -€4,423 | -60.3% |
| Other amounts payable | 47/48 | €7,575 | €17,879 | +€10,304 | +136% |
| Non-recurring operating income | 76A | - | €9,568 | +€9,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €383 | +€364 | +1,933% |
| Other operating charges | 640/8 | €1,086 | €1,678 | +€592 | +54.5% |
| Gross operating margin | 9900 | -€29,016 | -€9,406 | +€19,610 | +67.6% |
| Operating profit (loss) | 9901 | -€30,120 | -€11,467 | +€18,654 | +61.9% |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €392 | €913 | +€521 | +133% |
| Recurring financial charges | 65 | €392 | €913 | +€521 | +133% |
| Profit (loss) for the period before taxes | 9903 | -€30,512 | -€12,187 | +€18,325 | +60.1% |
| Income taxes | 67/77 | €852 | €280 | -€572 | -67.2% |
| Profit (loss) for the period | 9904 | -€31,364 | -€12,467 | +€18,897 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,364 | -€12,467 | +€18,897 | +60.3% |
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 17 October 2026 via checked.be.