E. Estate: 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. Estate
Largest movements
- Cash -€5,012
down €5,012 (-83.7%), from €5,987 to €975
mainly Net result for the year (-€12,072) and Tax, wage and social debts (-€257)
- Deferred charges and accrued income -€1,135
down €1,135 (-100%), from €1,135 to €0
- Tangible fixed assets -€557
down €557 (-47.4%), from €1,175 to €619
- Intangible fixed assets -€455
down €455 (-21.0%), from €2,169 to €1,714
- Profit (loss) carried forward -€12,072
down €12,072 (-35.3%), from -€34,231 to -€46,303
- Other debts +€2,627
up €2,627 (+27.0%), from €9,717 to €12,344
- Accrued charges and deferred income +€1,624
up €1,624 (+323%), from €503 to €2,127
- Trade debts +€651
up €651 (+46.6%), from €1,397 to €2,047
- Short-term financial debts +€261
new in 2025: €261
- Gross operating margin +€15,271
up €15,271 (+71.2%), from -€21,439 to -€6,168
- Financial charges +€1,457
up €1,457 (+58.0%), from €2,510 to €3,967
- Depreciation +€578
up €578 (+134%), from €433 to €1,012
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 | €11,659 | €4,492 | -€7,166 | -61.5% |
| Fixed assets | 21/28 | €3,344 | €2,333 | -€1,012 | -30.3% |
| Intangible fixed assets | 21 | €2,169 | €1,714 | -€455 | -21.0% |
| Tangible fixed assets | 22/27 | €1,175 | €619 | -€557 | -47.4% |
| Furniture and vehicles | 24 | €1,175 | €619 | -€557 | -47.4% |
| Current assets | 29/58 | €8,314 | €2,160 | -€6,155 | -74.0% |
| Amounts receivable within one year | 40/41 | €1,192 | €1,184 | -€8 | -0.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,192 | €1,184 | -€8 | -0.7% |
| Cash at bank and in hand | 54/58 | €5,987 | €975 | -€5,012 | -83.7% |
| Deferred charges and accrued income | 490/1 | €1,135 | €0 | -€1,135 | -100% |
| Total equity and liabilities | 10/49 | €11,659 | €4,492 | -€7,166 | -61.5% |
| Equity | 10/15 | -€30,731 | -€42,803 | -€12,072 | -39.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,231 | -€46,303 | -€12,072 | -35.3% |
| Amounts payable | 17/49 | €42,390 | €47,295 | +€4,906 | +11.6% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,886 | €15,168 | +€3,282 | +27.6% |
| Financial debts | 43 | - | €261 | +€261 | |
| Credit institutions | 430/8 | - | €261 | +€261 | |
| Trade debts | 44 | €1,397 | €2,047 | +€651 | +46.6% |
| Suppliers | 440/4 | €1,397 | €2,047 | +€651 | +46.6% |
| Taxes, remuneration and social security | 45 | €773 | €515 | -€257 | -33.3% |
| Taxes | 450/3 | €773 | €515 | -€257 | -33.3% |
| Other amounts payable | 47/48 | €9,717 | €12,344 | +€2,627 | +27.0% |
| Accrued charges and deferred income | 492/3 | €503 | €2,127 | +€1,624 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €1,012 | +€578 | +134% |
| Other operating charges | 640/8 | €691 | €757 | +€66 | +9.6% |
| Gross operating margin | 9900 | -€21,439 | -€6,168 | +€15,271 | +71.2% |
| Operating profit (loss) | 9901 | -€22,564 | -€7,937 | +€14,627 | +64.8% |
| Financial charges | 65/66B | €2,510 | €3,967 | +€1,457 | +58.0% |
| Recurring financial charges | 65 | €2,510 | €3,967 | +€1,457 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,074 | -€11,904 | +€13,170 | +52.5% |
| Income taxes | 67/77 | €125 | €168 | +€43 | +34.3% |
| Profit (loss) for the period | 9904 | -€25,199 | -€12,072 | +€13,127 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,199 | -€12,072 | +€13,127 | +52.1% |
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 16 October 2026 via checked.be.