Cost Reduction Organization: what changed
Two fiscal 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.
Cost Reduction Organization
Largest movements
- Cash -€97,005
down €97,005 (-98.7%), from €98,258 to €1,253
mainly Other debts (-€54,854) and Receivables within one year (-€35,000)
- Receivables within one year +€35,000
up €35,000 (+9859.4%), from €355 to €35,355
- Other debts -€54,854
down €54,854 (-86.2%), from €63,668 to €8,814
- Profit (loss) carried forward -€6,450
down €6,450, from €0 to -€6,450
- Accrued charges and deferred income -€3,033
down €3,033 (-96.4%), from €3,146 to €113
- Financial income -€178,281
down €178,281 (-100.0%), from €178,281 to €0
of which Non-recurring financial income: -€177,098
- Financial charges -€3,859
down €3,859 (-81.2%), from €4,752 to €893
- Gross operating margin -€976
down €976 (-24.1%), from -€4,053 to -€5,029
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 | €251,025 | €189,020 | -€62,005 | -24.7% |
| Fixed assets | 21/28 | €152,412 | €152,412 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,400 | €4,400 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,400 | €4,400 | = | 0.0% |
| Financial fixed assets | 28 | €148,012 | €148,012 | = | 0.0% |
| Current assets | 29/58 | €98,613 | €36,608 | -€62,005 | -62.9% |
| Amounts receivable within one year | 40/41 | €355 | €35,355 | +€35,000 | +9859.4% |
| Other amounts receivable | 41 | €355 | €35,355 | +€35,000 | +9859.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €98,258 | €1,253 | -€97,005 | -98.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €251,025 | €189,020 | -€62,005 | -24.7% |
| Equity | 10/15 | €182,754 | €176,305 | -€6,450 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,554 | €176,554 | = | 0.0% |
| Distributable reserves | 133 | €176,554 | €176,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,450 | -€6,450 | |
| Amounts payable | 17/49 | €68,271 | €12,716 | -€55,555 | -81.4% |
| Amounts payable within one year | 42/48 | €65,125 | €12,603 | -€52,522 | -80.6% |
| Trade debts | 44 | €1,457 | €3,789 | +€2,332 | +160.1% |
| Suppliers | 440/4 | €1,457 | €3,789 | +€2,332 | +160.1% |
| Other amounts payable | 47/48 | €63,668 | €8,814 | -€54,854 | -86.2% |
| Accrued charges and deferred income | 492/3 | €3,146 | €113 | -€3,033 | -96.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€4,053 | -€5,029 | -€976 | -24.1% |
| Operating profit (loss) | 9901 | -€4,566 | -€5,557 | -€990 | -21.7% |
| Financial income | 75/76B | €178,281 | €0 | -€178,281 | -100.0% |
| Recurring financial income | 75 | €1,183 | €0 | -€1,183 | -100.0% |
| Non-recurring financial income | 76B | €177,098 | €0 | -€177,098 | -100.0% |
| Financial charges | 65/66B | €4,752 | €893 | -€3,859 | -81.2% |
| Recurring financial charges | 65 | €4,752 | €893 | -€3,859 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €168,963 | -€6,450 | -€175,412 | |
| Profit (loss) for the period | 9904 | €168,963 | -€6,450 | -€175,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,963 | -€6,450 | -€175,412 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.