Discovery: 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.
Discovery
Largest movements
- Tangible fixed assets -€57,757
down €57,757 (-55.0%), from €105,108 to €47,350
of which Furniture and vehicles: -€56,253
- Cash -€25,948
down €25,948 (-81.4%), from €31,879 to €5,931
mainly Net result for the year (-€103,341) and Deferred charges and accrued income (-€4,484)
- Deferred charges and accrued income +€4,484
new in 2025: €4,484
- Profit (loss) carried forward -€103,341
down €103,341 (-20.3%), from -€509,968 to -€613,309
- Other debts +€20,000
up €20,000 (+7.9%), from €253,849 to €273,849
- Trade debts +€3,433
up €3,433 (+36.3%), from €9,461 to €12,893
- Gross operating margin -€40,751
down €40,751 (-1016.4%), from -€4,009 to -€44,761
- Financial charges +€551
up €551 (+770.3%), from €72 to €623
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 | €137,342 | €58,067 | -€79,274 | -57.7% |
| Fixed assets | 21/28 | €105,108 | €47,350 | -€57,757 | -55.0% |
| Tangible fixed assets | 22/27 | €105,108 | €47,350 | -€57,757 | -55.0% |
| Plant, machinery and equipment | 23 | €3,628 | €2,123 | -€1,504 | -41.5% |
| Furniture and vehicles | 24 | €101,480 | €45,227 | -€56,253 | -55.4% |
| Current assets | 29/58 | €32,234 | €10,717 | -€21,517 | -66.8% |
| Amounts receivable within one year | 40/41 | €356 | €303 | -€53 | -14.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €356 | €303 | -€53 | -14.9% |
| Cash at bank and in hand | 54/58 | €31,879 | €5,931 | -€25,948 | -81.4% |
| Deferred charges and accrued income | 490/1 | - | €4,484 | +€4,484 | |
| Total equity and liabilities | 10/49 | €137,342 | €58,067 | -€79,274 | -57.7% |
| Equity | 10/15 | -€125,968 | -€229,309 | -€103,341 | -82.0% |
| Contributions | 10/11 | €384,000 | €384,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€509,968 | -€613,309 | -€103,341 | -20.3% |
| Amounts payable | 17/49 | €263,310 | €287,376 | +€24,066 | +9.1% |
| Amounts payable within one year | 42/48 | €263,310 | €286,742 | +€23,433 | +8.9% |
| Trade debts | 44 | €9,461 | €12,893 | +€3,433 | +36.3% |
| Suppliers | 440/4 | €9,461 | €12,893 | +€3,433 | +36.3% |
| Other amounts payable | 47/48 | €253,849 | €273,849 | +€20,000 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €634 | +€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,757 | €57,757 | = | 0.0% |
| Other operating charges | 640/8 | €158 | €585 | +€428 | +270.9% |
| Gross operating margin | 9900 | -€4,009 | -€44,761 | -€40,751 | -1016.4% |
| Operating profit (loss) | 9901 | -€61,925 | -€103,103 | -€41,179 | -66.5% |
| Financial income | 75/76B | €0 | €385 | +€385 | |
| Recurring financial income | 75 | €0 | €385 | +€385 | |
| Financial charges | 65/66B | €72 | €623 | +€551 | +770.3% |
| Recurring financial charges | 65 | €72 | €623 | +€551 | +770.3% |
| Profit (loss) for the period before taxes | 9903 | -€61,996 | -€103,341 | -€41,345 | -66.7% |
| Profit (loss) for the period | 9904 | -€61,996 | -€103,341 | -€41,345 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,996 | -€103,341 | -€41,345 | -66.7% |
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.