€ - CREDIT: 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.
€ - CREDIT
Largest movements
- Receivables within one year -€5,835
down €5,835 (-7.0%), from €83,332 to €77,497
of which Other amounts receivable: -€5,835
- Tangible fixed assets -€4,851
down €4,851 (-64.1%), from €7,574 to €2,722
of which Other tangible fixed assets: -€4,198
- Trade debts -€5,461
down €5,461 (-88.1%), from €6,197 to €735
- Profit (loss) carried forward -€3,195
down €3,195 (-13.0%), from -€24,535 to -€27,730
- Tax, wage and social debts -€2,975
down €2,975 (-90.1%), from €3,303 to €328
- Gross operating margin +€22,038
up €22,038, from -€21,736 to €302
- Financial charges +€691
up €691 (+124.9%), from €553 to €1,245
- Taxes +€534
up €534, from -€206 to €328
- Financial income +€377
up €377 (+13.8%), from €2,729 to €3,106
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 | €91,659 | €80,283 | -€11,376 | -12.4% |
| Fixed assets | 21/28 | €7,574 | €2,722 | -€4,851 | -64.1% |
| Tangible fixed assets | 22/27 | €7,574 | €2,722 | -€4,851 | -64.1% |
| Furniture and vehicles | 24 | €1,174 | €520 | -€653 | -55.7% |
| Other tangible fixed assets | 26 | €6,400 | €2,202 | -€4,198 | -65.6% |
| Current assets | 29/58 | €84,085 | €77,560 | -€6,525 | -7.8% |
| Amounts receivable within one year | 40/41 | €83,332 | €77,497 | -€5,835 | -7.0% |
| Trade receivables | 40 | €17,390 | €17,390 | = | 0.0% |
| Other amounts receivable | 41 | €65,942 | €60,107 | -€5,835 | -8.8% |
| Cash at bank and in hand | 54/58 | €206 | €9 | -€196 | -95.6% |
| Deferred charges and accrued income | 490/1 | €548 | €55 | -€493 | -90.0% |
| Total equity and liabilities | 10/49 | €91,659 | €80,283 | -€11,376 | -12.4% |
| Equity | 10/15 | €77,296 | €74,102 | -€3,195 | -4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €81,831 | €81,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,872 | €6,872 | = | 0.0% |
| Distributable reserves | 133 | €72,959 | €72,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,535 | -€27,730 | -€3,195 | -13.0% |
| Amounts payable | 17/49 | €14,363 | €6,181 | -€8,181 | -57.0% |
| Amounts payable within one year | 42/48 | €14,363 | €6,181 | -€8,181 | -57.0% |
| Financial debts | 43 | €4,863 | €5,118 | +€255 | +5.2% |
| Credit institutions | 430/8 | €4,863 | €5,118 | +€255 | +5.2% |
| Trade debts | 44 | €6,197 | €735 | -€5,461 | -88.1% |
| Suppliers | 440/4 | €6,197 | €735 | -€5,461 | -88.1% |
| Taxes, remuneration and social security | 45 | €3,303 | €328 | -€2,975 | -90.1% |
| Taxes | 450/3 | €3,303 | €328 | -€2,975 | -90.1% |
| Non-recurring operating income | 76A | - | €5,700 | +€5,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €4,851 | +€28 | +0.6% |
| Other operating charges | 640/8 | €358 | €179 | -€179 | -50.0% |
| Gross operating margin | 9900 | -€21,736 | €302 | +€22,038 | |
| Operating profit (loss) | 9901 | -€26,917 | -€4,728 | +€22,189 | +82.4% |
| Financial income | 75/76B | €2,729 | €3,106 | +€377 | +13.8% |
| Recurring financial income | 75 | €2,729 | €3,106 | +€377 | +13.8% |
| Financial charges | 65/66B | €553 | €1,245 | +€691 | +124.9% |
| Recurring financial charges | 65 | €553 | €1,245 | +€691 | +124.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,741 | -€2,866 | +€21,875 | +88.4% |
| Income taxes | 67/77 | -€206 | €328 | +€534 | |
| Profit (loss) for the period | 9904 | -€24,535 | -€3,195 | +€21,341 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,535 | -€3,195 | +€21,341 | +87.0% |
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 3 October 2026 via checked.be.