Correct Construct: what changed
Correct Construct
Largest movements
- Cash +€6,484
up €6,484 (+2,588%), from €251 to €6,734
mainly Other debts (+€18,552)
- Receivables within one year +€4,378
up €4,378 (+4.6%), from €94,919 to €99,297
of which Other amounts receivable: +€2,791
- Other debts +€18,552
up €18,552 (+15.8%), from €117,137 to €135,689
- Profit (loss) carried forward -€7,562
down €7,562 (-11.8%), from -€63,950 to -€71,513
- Gross operating margin -€4,843
down €4,843 (-388%), from -€1,249 to -€6,092
- Other operating charges -€1,521
down €1,521 (-54.3%), from €2,803 to €1,282
- Financial charges +€81
up €81 (+108%), from €74 to €155
- Taxes +€61
new in 2025: €61
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,170 | €106,039 | +€10,869 | +11.4% |
| Current assets | 29/58 | €95,170 | €106,039 | +€10,869 | +11.4% |
| Amounts receivable within one year | 40/41 | €94,919 | €99,297 | +€4,378 | +4.6% |
| Trade receivables | 40 | €94,919 | €96,506 | +€1,586 | +1.7% |
| Other amounts receivable | 41 | - | €2,791 | +€2,791 | |
| Cash at bank and in hand | 54/58 | €251 | €6,734 | +€6,484 | +2,588% |
| Deferred charges and accrued income | 490/1 | - | €7 | +€7 | |
| Total equity and liabilities | 10/49 | €95,170 | €106,039 | +€10,869 | +11.4% |
| Equity | 10/15 | -€33,950 | -€41,513 | -€7,562 | -22.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,950 | -€71,513 | -€7,562 | -11.8% |
| Amounts payable | 17/49 | €129,120 | €147,551 | +€18,431 | +14.3% |
| Amounts payable within one year | 42/48 | €129,120 | €147,551 | +€18,431 | +14.3% |
| Trade debts | 44 | €11,983 | €11,862 | -€121 | -1.0% |
| Suppliers | 440/4 | €11,983 | €11,862 | -€121 | -1.0% |
| Other amounts payable | 47/48 | €117,137 | €135,689 | +€18,552 | +15.8% |
| Other operating charges | 640/8 | €2,803 | €1,282 | -€1,521 | -54.3% |
| Gross operating margin | 9900 | -€1,249 | -€6,092 | -€4,843 | -388% |
| Operating profit (loss) | 9901 | -€4,052 | -€7,374 | -€3,322 | -82.0% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €74 | €155 | +€81 | +108% |
| Recurring financial charges | 65 | €74 | €155 | +€81 | +108% |
| Profit (loss) for the period before taxes | 9903 | -€4,126 | -€7,501 | -€3,375 | -81.8% |
| Income taxes | 67/77 | - | €61 | +€61 | |
| Profit (loss) for the period | 9904 | -€4,126 | -€7,562 | -€3,436 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,126 | -€7,562 | -€3,436 | -83.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.