Dr. Chloé Grossen: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Dr. Chloé Grossen
Largest movements
- Cash -€27,627
down €27,627 (-67.6%), from €40,887 to €13,260
mainly Contributions, distributions and other (-€90,358) and Tax, wage and social debts (-€5,657)
- Current investments -€10,415
down €10,415 (-88.1%), from €11,822 to €1,408
- Receivables after one year -€3,473
down €3,473 (-35.3%), from €9,837 to €6,365
- Deferred charges and accrued income -€1,196
down €1,196 (-18.0%), from €6,643 to €5,447
- Reserves -€63,865
no longer reported in 2025 (was €63,865)
- Other debts +€26,540
new in 2025: €26,540
- Tax, wage and social debts -€5,657
down €5,657 (-88.4%), from €6,399 to €743
- Accrued charges and deferred income -€1,464
no longer reported in 2025 (was €1,464)
- Trade debts +€1,319
up €1,319 (+83.0%), from €1,588 to €2,906
- Gross operating margin +€5,083
up €5,083 (+17.3%), from €29,358 to €34,440
- Taxes +€1,164
up €1,164 (+17.7%), from €6,585 to €7,749
- Financial charges -€514
down €514 (-48.7%), from €1,056 to €541
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,316 | €33,189 | -€43,128 | -56.5% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €75,316 | €32,189 | -€43,128 | -57.3% |
| Amounts receivable after more than one year | 29 | €9,837 | €6,365 | -€3,473 | -35.3% |
| Trade receivables | 290 | €9,837 | €6,365 | -€3,473 | -35.3% |
| Amounts receivable within one year | 40/41 | €6,127 | €5,710 | -€416 | -6.8% |
| Trade receivables | 40 | - | €250 | +€250 | |
| Other amounts receivable | 41 | €6,127 | €5,460 | -€666 | -10.9% |
| Current investments | 50/53 | €11,822 | €1,408 | -€10,415 | -88.1% |
| Cash at bank and in hand | 54/58 | €40,887 | €13,260 | -€27,627 | -67.6% |
| Deferred charges and accrued income | 490/1 | €6,643 | €5,447 | -€1,196 | -18.0% |
| Total equity and liabilities | 10/49 | €76,316 | €33,189 | -€43,128 | -56.5% |
| Equity | 10/15 | €66,865 | €3,000 | -€63,865 | -95.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,865 | - | -€63,865 | |
| Distributable reserves | 133 | €63,865 | - | -€63,865 | |
| Amounts payable | 17/49 | €9,451 | €30,189 | +€20,738 | +219% |
| Amounts payable within one year | 42/48 | €7,987 | €30,189 | +€22,202 | +278% |
| Trade debts | 44 | €1,588 | €2,906 | +€1,319 | +83.0% |
| Suppliers | 440/4 | €1,588 | €2,906 | +€1,319 | +83.0% |
| Taxes, remuneration and social security | 45 | €6,399 | €743 | -€5,657 | -88.4% |
| Taxes | 450/3 | €6,399 | €743 | -€5,657 | -88.4% |
| Other amounts payable | 47/48 | - | €26,540 | +€26,540 | |
| Accrued charges and deferred income | 492/3 | €1,464 | - | -€1,464 | |
| Other operating charges | 640/8 | €451 | €663 | +€212 | +46.9% |
| Gross operating margin | 9900 | €29,358 | €34,440 | +€5,083 | +17.3% |
| Operating profit (loss) | 9901 | €28,907 | €33,778 | +€4,871 | +16.8% |
| Financial income | 75/76B | €1,109 | €1,006 | -€103 | -9.3% |
| Recurring financial income | 75 | €1,109 | €1,006 | -€103 | -9.3% |
| Financial charges | 65/66B | €1,056 | €541 | -€514 | -48.7% |
| Recurring financial charges | 65 | €1,056 | €541 | -€514 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €28,960 | €34,242 | +€5,282 | +18.2% |
| Income taxes | 67/77 | €6,585 | €7,749 | +€1,164 | +17.7% |
| Profit (loss) for the period | 9904 | €22,376 | €26,493 | +€4,117 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,376 | €26,493 | +€4,117 | +18.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.