D.SECTION: 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.
D.SECTION
Largest movements
- Receivables within one year +€571
up €571 (+84.2%), from €678 to €1,249
of which Other amounts receivable: +€891
- Cash -€290
down €290 (-23.2%), from €1,249 to €959
mainly Other debts (-€996) and Receivables within one year (-€571)
- Other debts -€996
down €996 (-9.7%), from €10,215 to €9,220
- Tax, wage and social debts +€831
up €831 (+116%), from €717 to €1,547
- Trade debts +€400
new in 2025: €400
- Profit (loss) carried forward +€46
up €46 (+0.2%), from -€27,605 to -€27,559
- Gross operating margin -€18,476
down €18,476 (-87.2%), from €21,188 to €2,712
- Depreciation -€7,177
no longer reported in 2025 (was €7,177)
- Taxes +€886
up €886 (+260%), from €341 to €1,227
- Other operating charges -€218
down €218 (-14.8%), from €1,473 to €1,255
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 | €1,927 | €2,208 | +€281 | +14.6% |
| Current assets | 29/58 | €1,927 | €2,208 | +€281 | +14.6% |
| Amounts receivable within one year | 40/41 | €678 | €1,249 | +€571 | +84.2% |
| Trade receivables | 40 | €320 | - | -€320 | |
| Other amounts receivable | 41 | €358 | €1,249 | +€891 | +249% |
| Cash at bank and in hand | 54/58 | €1,249 | €959 | -€290 | -23.2% |
| Total equity and liabilities | 10/49 | €1,927 | €2,208 | +€281 | +14.6% |
| Equity | 10/15 | -€9,005 | -€8,959 | +€46 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,605 | -€27,559 | +€46 | +0.2% |
| Amounts payable | 17/49 | €10,932 | €11,167 | +€235 | +2.1% |
| Amounts payable within one year | 42/48 | €10,932 | €11,167 | +€235 | +2.1% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €717 | €1,547 | +€831 | +116% |
| Taxes | 450/3 | €717 | €1,547 | +€831 | +116% |
| Other amounts payable | 47/48 | €10,215 | €9,220 | -€996 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,177 | - | -€7,177 | |
| Other operating charges | 640/8 | €1,473 | €1,255 | -€218 | -14.8% |
| Gross operating margin | 9900 | €21,188 | €2,712 | -€18,476 | -87.2% |
| Operating profit (loss) | 9901 | €12,537 | €1,456 | -€11,081 | -88.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.1% |
| Financial charges | 65/66B | €118 | €183 | +€65 | +54.6% |
| Recurring financial charges | 65 | €118 | €183 | +€65 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €12,419 | €1,274 | -€11,146 | -89.7% |
| Income taxes | 67/77 | €341 | €1,227 | +€886 | +260% |
| Profit (loss) for the period | 9904 | €12,078 | €46 | -€12,032 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,078 | €46 | -€12,032 | -99.6% |
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 27 October 2026 via checked.be.