Counterplay: 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.
Counterplay
Largest movements
- Cash -€4,037
down €4,037 (-99.0%), from €4,076 to €40
mainly Net result for the year (-€4,470) and Trade debts (-€922)
- Formation expenses -€464
down €464 (-27.5%), from €1,687 to €1,223
- Receivables within one year +€166
up €166 (+29.0%), from €572 to €738
of which Other amounts receivable: +€166
- Deferred charges and accrued income -€113
down €113 (-100.0%), from €113 to €0
- Profit (loss) carried forward -€4,470
down €4,470 (-570.7%), from -€783 to -€5,254
- Other debts +€949
up €949 (+41.6%), from €2,280 to €3,229
- Trade debts -€922
down €922 (-100.0%), from €922 to €0
- Gross operating margin -€4,464
down €4,464, from €616 to -€3,849
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 | €6,449 | €2,000 | -€4,449 | -69.0% |
| Formation expenses | 20 | €1,687 | €1,223 | -€464 | -27.5% |
| Current assets | 29/58 | €4,761 | €777 | -€3,984 | -83.7% |
| Amounts receivable within one year | 40/41 | €572 | €738 | +€166 | +29.0% |
| Trade receivables | 40 | €235 | €235 | = | 0.0% |
| Other amounts receivable | 41 | €337 | €503 | +€166 | +49.2% |
| Cash at bank and in hand | 54/58 | €4,076 | €40 | -€4,037 | -99.0% |
| Deferred charges and accrued income | 490/1 | €113 | €0 | -€113 | -100.0% |
| Total equity and liabilities | 10/49 | €6,449 | €2,000 | -€4,449 | -69.0% |
| Equity | 10/15 | €3,217 | -€1,254 | -€4,470 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€783 | -€5,254 | -€4,470 | -570.7% |
| Amounts payable | 17/49 | €3,232 | €3,254 | +€22 | +0.7% |
| Amounts payable within one year | 42/48 | €3,232 | €3,254 | +€22 | +0.7% |
| Trade debts | 44 | €922 | €0 | -€922 | -100.0% |
| Suppliers | 440/4 | €922 | €0 | -€922 | -100.0% |
| Taxes, remuneration and social security | 45 | €31 | €25 | -€5 | -17.7% |
| Taxes | 450/3 | €31 | €25 | -€5 | -17.7% |
| Other amounts payable | 47/48 | €2,280 | €3,229 | +€949 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464 | €464 | = | 0.0% |
| Gross operating margin | 9900 | €616 | -€3,849 | -€4,464 | |
| Operating profit (loss) | 9901 | €151 | -€4,313 | -€4,464 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €136 | €163 | +€27 | +19.6% |
| Recurring financial charges | 65 | €136 | €163 | +€27 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €17 | -€4,476 | -€4,493 | |
| Income taxes | 67/77 | €31 | -€5 | -€36 | |
| Profit (loss) for the period | 9904 | -€13 | -€4,470 | -€4,457 | -33920.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13 | -€4,470 | -€4,457 | -33920.5% |
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 30 September 2026 via checked.be.