E & E: 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.
E & E
Largest movements
- Receivables within one year -€7,936
down €7,936 (-93.3%), from €8,510 to €573
- Cash -€2,029
down €2,029 (-15.6%), from €12,979 to €10,950
mainly Net result for the year (-€10,713) and Other debts (-€1,326)
- Tangible fixed assets -€1,429
down €1,429 (-57.6%), from €2,482 to €1,052
of which Plant, machinery and equipment: -€1,153
- Profit (loss) carried forward -€10,713
down €10,713 (-114.8%), from -€9,332 to -€20,044
- Other debts -€1,326
down €1,326 (-9.2%), from €14,449 to €13,123
- Trade debts +€644
up €644 (+230.9%), from €279 to €922
- Gross operating margin -€1,359
down €1,359 (-19.2%), from -€7,088 to -€8,447
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 | €23,996 | €12,601 | -€11,395 | -47.5% |
| Fixed assets | 21/28 | €2,507 | €1,077 | -€1,429 | -57.0% |
| Tangible fixed assets | 22/27 | €2,482 | €1,052 | -€1,429 | -57.6% |
| Plant, machinery and equipment | 23 | €2,154 | €1,001 | -€1,153 | -53.5% |
| Furniture and vehicles | 24 | €327 | €51 | -€276 | -84.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €21,489 | €11,524 | -€9,965 | -46.4% |
| Amounts receivable within one year | 40/41 | €8,510 | €573 | -€7,936 | -93.3% |
| Other amounts receivable | 41 | €8,510 | €573 | -€7,936 | -93.3% |
| Cash at bank and in hand | 54/58 | €12,979 | €10,950 | -€2,029 | -15.6% |
| Total equity and liabilities | 10/49 | €23,996 | €12,601 | -€11,395 | -47.5% |
| Equity | 10/15 | €9,268 | -€1,444 | -€10,713 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,332 | -€20,044 | -€10,713 | -114.8% |
| Amounts payable | 17/49 | €14,727 | €14,045 | -€682 | -4.6% |
| Amounts payable within one year | 42/48 | €14,727 | €14,045 | -€682 | -4.6% |
| Trade debts | 44 | €279 | €922 | +€644 | +230.9% |
| Suppliers | 440/4 | €279 | €922 | +€644 | +230.9% |
| Other amounts payable | 47/48 | €14,449 | €13,123 | -€1,326 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,429 | €1,429 | = | 0.0% |
| Other operating charges | 640/8 | €771 | €794 | +€23 | +3.0% |
| Gross operating margin | 9900 | -€7,088 | -€8,447 | -€1,359 | -19.2% |
| Operating profit (loss) | 9901 | -€9,289 | -€10,671 | -€1,382 | -14.9% |
| Financial charges | 65/66B | €43 | €42 | -€1 | -2.4% |
| Recurring financial charges | 65 | €43 | €42 | -€1 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,332 | -€10,713 | -€1,381 | -14.8% |
| Profit (loss) for the period | 9904 | -€9,332 | -€10,713 | -€1,381 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,332 | -€10,713 | -€1,381 | -14.8% |
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 10 October 2026 via checked.be.