Covering Concept: 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.
Covering Concept
Largest movements
- Cash -€354
down €354 (-56.3%), from €630 to €276
mainly Net result for the year (-€1,655) and Trade debts (-€296)
- Profit (loss) carried forward -€1,655
down €1,655 (-5.6%), from -€29,635 to -€31,291
- Other debts +€1,597
up €1,597 (+88.7%), from €1,800 to €3,397
- Trade debts -€296
down €296 (-73.1%), from €405 to €109
- Gross operating margin -€401
down €401 (-48.2%), from -€832 to -€1,233
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges +€105
up €105 (+33.3%), from €317 to €422
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 | €630 | €276 | -€354 | -56.3% |
| Current assets | 29/58 | €630 | €276 | -€354 | -56.3% |
| Cash at bank and in hand | 54/58 | €630 | €276 | -€354 | -56.3% |
| Total equity and liabilities | 10/49 | €630 | €276 | -€354 | -56.3% |
| Equity | 10/15 | -€1,575 | -€3,231 | -€1,655 | -105.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,635 | -€31,291 | -€1,655 | -5.6% |
| Amounts payable | 17/49 | €2,205 | €3,506 | +€1,301 | +59.0% |
| Amounts payable within one year | 42/48 | €2,205 | €3,506 | +€1,301 | +59.0% |
| Trade debts | 44 | €405 | €109 | -€296 | -73.1% |
| Suppliers | 440/4 | €405 | €109 | -€296 | -73.1% |
| Other amounts payable | 47/48 | €1,800 | €3,397 | +€1,597 | +88.7% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€832 | -€1,233 | -€401 | -48.2% |
| Operating profit (loss) | 9901 | -€1,220 | -€1,233 | -€14 | -1.1% |
| Financial charges | 65/66B | €317 | €422 | +€105 | +33.3% |
| Recurring financial charges | 65 | €317 | €422 | +€105 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,536 | -€1,655 | -€119 | -7.8% |
| Profit (loss) for the period | 9904 | -€1,536 | -€1,655 | -€119 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,536 | -€1,655 | -€119 | -7.8% |
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 12 October 2026 via checked.be.