CRITICAL MASS: 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.
CRITICAL MASS
Largest movements
- Receivables within one year -€13,306
down €13,306 (-36.2%), from €36,743 to €23,437
of which Trade receivables: -€10,664
- Cash -€13,251
down €13,251 (-13.2%), from €100,494 to €87,243
mainly Contributions, distributions and other (-€47,059) and Debts after one year (-€30,924)
- Tangible fixed assets -€11,003
down €11,003 (-7.7%), from €142,303 to €131,301
of which Furniture and vehicles: -€17,548
- Debts after one year -€30,924
down €30,924 (-29.8%), from €103,721 to €72,797
- Other debts -€10,673
down €10,673 (-17.7%), from €60,323 to €49,650
- Tax, wage and social debts +€9,321
up €9,321 (+1,428%), from €653 to €9,974
- Profit (loss) carried forward -€4,910
down €4,910 (-6.0%), from €81,686 to €76,776
- Depreciation +€7,187
up €7,187 (+36.2%), from €19,875 to €27,062
- Gross operating margin +€3,473
up €3,473 (+4.3%), from €81,384 to €84,857
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.
Derived cash bridge
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 | €284,672 | €247,817 | -€36,855 | -12.9% |
| Fixed assets | 21/28 | €142,303 | €131,301 | -€11,003 | -7.7% |
| Tangible fixed assets | 22/27 | €142,303 | €131,301 | -€11,003 | -7.7% |
| Plant, machinery and equipment | 23 | €1,300 | €2,071 | +€771 | +59.3% |
| Furniture and vehicles | 24 | €83,108 | €65,560 | -€17,548 | -21.1% |
| Other tangible fixed assets | 26 | €57,895 | €63,669 | +€5,774 | +10.0% |
| Current assets | 29/58 | €142,369 | €116,517 | -€25,853 | -18.2% |
| Amounts receivable within one year | 40/41 | €36,743 | €23,437 | -€13,306 | -36.2% |
| Trade receivables | 40 | €34,101 | €23,437 | -€10,664 | -31.3% |
| Other amounts receivable | 41 | €2,642 | - | -€2,642 | |
| Cash at bank and in hand | 54/58 | €100,494 | €87,243 | -€13,251 | -13.2% |
| Deferred charges and accrued income | 490/1 | €5,132 | €5,836 | +€704 | +13.7% |
| Total equity and liabilities | 10/49 | €284,672 | €247,817 | -€36,855 | -12.9% |
| Equity | 10/15 | €84,686 | €79,776 | -€4,910 | -5.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,686 | €76,776 | -€4,910 | -6.0% |
| Amounts payable | 17/49 | €199,986 | €168,041 | -€31,945 | -16.0% |
| Amounts payable after more than one year | 17 | €103,721 | €72,797 | -€30,924 | -29.8% |
| Financial debts | 170/4 | €103,721 | €72,797 | -€30,924 | -29.8% |
| Amounts payable within one year | 42/48 | €96,265 | €94,923 | -€1,342 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €30,201 | €30,924 | +€723 | +2.4% |
| Trade debts | 44 | €5,089 | €4,375 | -€714 | -14.0% |
| Suppliers | 440/4 | €5,089 | €4,375 | -€714 | -14.0% |
| Taxes, remuneration and social security | 45 | €653 | €9,974 | +€9,321 | +1,428% |
| Taxes | 450/3 | €653 | €9,974 | +€9,321 | +1,428% |
| Other amounts payable | 47/48 | €60,323 | €49,650 | -€10,673 | -17.7% |
| Accrued charges and deferred income | 492/3 | - | €321 | +€321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,875 | €27,062 | +€7,187 | +36.2% |
| Other operating charges | 640/8 | €399 | €59 | -€340 | -85.1% |
| Gross operating margin | 9900 | €81,384 | €84,857 | +€3,473 | +4.3% |
| Operating profit (loss) | 9901 | €61,110 | €57,736 | -€3,374 | -5.5% |
| Financial charges | 65/66B | €3,143 | €3,200 | +€57 | +1.8% |
| Recurring financial charges | 65 | €3,140 | €3,197 | +€58 | +1.8% |
| Non-recurring financial charges | 66B | €4 | €3 | -€1 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €57,967 | €54,536 | -€3,431 | -5.9% |
| Income taxes | 67/77 | €13,031 | €12,387 | -€644 | -4.9% |
| Profit (loss) for the period | 9904 | €44,936 | €42,149 | -€2,787 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,936 | €42,149 | -€2,787 | -6.2% |
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 28 October 2026 via checked.be.