DISRUPTIVE IMAGINATION: 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.
DISRUPTIVE IMAGINATION
Largest movements
- Receivables within one year +€29,749
up €29,749 (+45.9%), from €64,745 to €94,494
of which Other amounts receivable: +€29,459
- Cash -€2,120
down €2,120 (-19.5%), from €10,851 to €8,731
mainly Receivables within one year (-€29,749) and Trade debts (-€1,418)
- Reserves +€18,597
up €18,597 (+20.3%), from €91,793 to €110,390
of which Distributable reserves: +€20,452
- Tax, wage and social debts +€9,426
up €9,426 (+200%), from €4,704 to €14,130
- Taxes +€8,053
up €8,053 (+265%), from €3,038 to €11,092
- Financial income +€3,721
up €3,721, from €0 to €3,721
- Gross operating margin -€2,248
down €2,248 (-7.6%), from €29,587 to €27,339
- Other operating charges +€529
up €529 (+136%), from €387 to €916
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 | €126,985 | €153,950 | +€26,965 | +21.2% |
| Fixed assets | 21/28 | €0 | €509 | +€509 | |
| Tangible fixed assets | 22/27 | €0 | €509 | +€509 | |
| Furniture and vehicles | 24 | €0 | €509 | +€509 | |
| Current assets | 29/58 | €126,985 | €153,440 | +€26,455 | +20.8% |
| Amounts receivable within one year | 40/41 | €64,745 | €94,494 | +€29,749 | +45.9% |
| Trade receivables | 40 | €10,516 | €10,806 | +€290 | +2.8% |
| Other amounts receivable | 41 | €54,229 | €83,688 | +€29,459 | +54.3% |
| Current investments | 50/53 | €49,936 | €49,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,851 | €8,731 | -€2,120 | -19.5% |
| Deferred charges and accrued income | 490/1 | €1,453 | €280 | -€1,173 | -80.8% |
| Total equity and liabilities | 10/49 | €126,985 | €153,950 | +€26,965 | +21.2% |
| Equity | 10/15 | €110,343 | €128,940 | +€18,597 | +16.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €91,793 | €110,390 | +€18,597 | +20.3% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100% |
| Distributable reserves | 133 | €89,938 | €110,390 | +€20,452 | +22.7% |
| Amounts payable | 17/49 | €16,642 | €25,009 | +€8,368 | +50.3% |
| Amounts payable within one year | 42/48 | €16,254 | €24,610 | +€8,355 | +51.4% |
| Financial debts | 43 | €243 | €591 | +€347 | +143% |
| Credit institutions | 430/8 | €243 | €591 | +€347 | +143% |
| Trade debts | 44 | €11,307 | €9,889 | -€1,418 | -12.5% |
| Suppliers | 440/4 | €11,307 | €9,889 | -€1,418 | -12.5% |
| Taxes, remuneration and social security | 45 | €4,704 | €14,130 | +€9,426 | +200% |
| Taxes | 450/3 | €4,704 | €14,130 | +€9,426 | +200% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €159 | -€93 | -36.9% |
| Other operating charges | 640/8 | €387 | €916 | +€529 | +136% |
| Non-recurring operating charges | 66A | €6,000 | €0 | -€6,000 | -100% |
| Gross operating margin | 9900 | €29,587 | €27,339 | -€2,248 | -7.6% |
| Operating profit (loss) | 9901 | €22,947 | €26,264 | +€3,317 | +14.5% |
| Financial income | 75/76B | €0 | €3,721 | +€3,721 | |
| Recurring financial income | 75 | €0 | €3,721 | +€3,721 | |
| Financial charges | 65/66B | €332 | €296 | -€36 | -10.9% |
| Recurring financial charges | 65 | €332 | €296 | -€36 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €22,615 | €29,688 | +€7,074 | +31.3% |
| Income taxes | 67/77 | €3,038 | €11,092 | +€8,053 | +265% |
| Profit (loss) for the period | 9904 | €19,577 | €18,597 | -€980 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,577 | €18,597 | -€980 | -5.0% |
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 29 October 2026 via checked.be.