Distilled Data: 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.
Distilled Data
Largest movements
- Cash -€112,235
down €112,235 (-72.6%), from €154,544 to €42,309
mainly Contributions, distributions and other (-€217,773) and Debts after one year (-€11,577)
- Tangible fixed assets -€10,139
down €10,139 (-34.2%), from €29,608 to €19,469
- Deferred charges and accrued income +€3,000
new in 2025: €3,000
- Profit (loss) carried forward -€81,799
down €81,799 (-100.0%), from €81,799 to €0
- Reserves -€75,582
down €75,582 (-99.5%), from €75,974 to €393
- Other debts +€47,502
up €47,502 (+3659.5%), from €1,298 to €48,800
- Debts after one year -€11,577
down €11,577 (-100.0%), from €11,577 to €0
- Gross operating margin -€18,351
down €18,351 (-17.2%), from €106,930 to €88,579
- Depreciation +€7,960
up €7,960 (+267.2%), from €2,979 to €10,939
- Taxes -€5,432
down €5,432 (-25.4%), from €21,362 to €15,930
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 | €203,125 | €81,960 | -€121,164 | -59.7% |
| Fixed assets | 21/28 | €29,608 | €19,469 | -€10,139 | -34.2% |
| Tangible fixed assets | 22/27 | €29,608 | €19,469 | -€10,139 | -34.2% |
| Furniture and vehicles | 24 | €29,608 | €19,469 | -€10,139 | -34.2% |
| Current assets | 29/58 | €173,517 | €62,491 | -€111,026 | -64.0% |
| Amounts receivable within one year | 40/41 | €18,973 | €17,182 | -€1,791 | -9.4% |
| Trade receivables | 40 | €18,973 | €17,182 | -€1,791 | -9.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €154,544 | €42,309 | -€112,235 | -72.6% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €203,125 | €81,960 | -€121,164 | -59.7% |
| Equity | 10/15 | €165,773 | €8,393 | -€157,381 | -94.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €75,974 | €393 | -€75,582 | -99.5% |
| Distributable reserves | 133 | €75,974 | €393 | -€75,582 | -99.5% |
| Profit (loss) carried forward | 14 | €81,799 | €0 | -€81,799 | -100.0% |
| Amounts payable | 17/49 | €37,352 | €73,568 | +€36,216 | +97.0% |
| Amounts payable after more than one year | 17 | €11,577 | €0 | -€11,577 | -100.0% |
| Financial debts | 170/4 | €11,577 | €0 | -€11,577 | -100.0% |
| Amounts payable within one year | 42/48 | €25,774 | €73,568 | +€47,793 | +185.4% |
| Current portion of amounts payable after more than one year | 42 | €13,456 | €11,577 | -€1,879 | -14.0% |
| Trade debts | 44 | €241 | €1,248 | +€1,007 | +417.2% |
| Suppliers | 440/4 | €241 | €1,248 | +€1,007 | +417.2% |
| Taxes, remuneration and social security | 45 | €10,779 | €11,942 | +€1,163 | +10.8% |
| Taxes | 450/3 | €10,779 | €11,942 | +€1,163 | +10.8% |
| Other amounts payable | 47/48 | €1,298 | €48,800 | +€47,502 | +3659.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €10,939 | +€7,960 | +267.2% |
| Other operating charges | 640/8 | €336 | €499 | +€163 | +48.6% |
| Gross operating margin | 9900 | €106,930 | €88,579 | -€18,351 | -17.2% |
| Operating profit (loss) | 9901 | €103,616 | €77,141 | -€26,475 | -25.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6900.0% |
| Financial charges | 65/66B | €455 | €820 | +€364 | +80.1% |
| Recurring financial charges | 65 | €455 | €820 | +€364 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €103,161 | €76,322 | -€26,838 | -26.0% |
| Income taxes | 67/77 | €21,362 | €15,930 | -€5,432 | -25.4% |
| Profit (loss) for the period | 9904 | €81,799 | €60,393 | -€21,406 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,799 | €60,393 | -€21,406 | -26.2% |
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 7 October 2026 via checked.be.