EN ROUTE: 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.
EN ROUTE
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€1,955
down €1,955 (-4.5%), from €43,080 to €41,125
mainly Contributions, distributions and other (-€102,997) and Tax, wage and social debts (-€13,938)
- Receivables within one year +€1,256
up €1,256 (+9.5%), from €13,190 to €14,447
- Reserves -€78,056
down €78,056 (-100%), from €78,056 to €0
- Other debts +€39,777
up €39,777 (+2,562%), from €1,552 to €41,329
- Tax, wage and social debts -€13,938
down €13,938 (-60.5%), from €23,054 to €9,116
- Trade debts +€1,364
up €1,364 (+737%), from €185 to €1,549
- Gross operating margin -€5,986
down €5,986 (-14.5%), from €41,207 to €35,222
- Taxes -€1,262
down €1,262 (-15.2%), from €8,316 to €7,055
- Financial charges -€563
down €563 (-18.8%), from €3,002 to €2,439
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 | €109,098 | €58,244 | -€50,854 | -46.6% |
| Fixed assets | 21/28 | €781 | €320 | -€461 | -59.1% |
| Tangible fixed assets | 22/27 | €781 | €320 | -€461 | -59.1% |
| Furniture and vehicles | 24 | €781 | €320 | -€461 | -59.1% |
| Current assets | 29/58 | €108,317 | €57,924 | -€50,392 | -46.5% |
| Amounts receivable within one year | 40/41 | €13,190 | €14,447 | +€1,256 | +9.5% |
| Trade receivables | 40 | €13,190 | €14,447 | +€1,256 | +9.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,080 | €41,125 | -€1,955 | -4.5% |
| Deferred charges and accrued income | 490/1 | €2,047 | €2,353 | +€307 | +15.0% |
| Total equity and liabilities | 10/49 | €109,098 | €58,244 | -€50,854 | -46.6% |
| Equity | 10/15 | €83,056 | €5,000 | -€78,056 | -94.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,056 | €0 | -€78,056 | -100% |
| Distributable reserves | 133 | €78,056 | €0 | -€78,056 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,041 | €53,244 | +€27,203 | +104% |
| Amounts payable within one year | 42/48 | €24,791 | €51,994 | +€27,203 | +110% |
| Trade debts | 44 | €185 | €1,549 | +€1,364 | +737% |
| Suppliers | 440/4 | €185 | €1,549 | +€1,364 | +737% |
| Taxes, remuneration and social security | 45 | €23,054 | €9,116 | -€13,938 | -60.5% |
| Taxes | 450/3 | €23,054 | €9,116 | -€13,938 | -60.5% |
| Other amounts payable | 47/48 | €1,552 | €41,329 | +€39,777 | +2,562% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €461 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €861 | +€412 | +91.7% |
| Gross operating margin | 9900 | €41,207 | €35,222 | -€5,986 | -14.5% |
| Operating profit (loss) | 9901 | €40,297 | €33,900 | -€6,397 | -15.9% |
| Financial income | 75/76B | €543 | €534 | -€8 | -1.5% |
| Recurring financial income | 75 | €543 | €534 | -€8 | -1.5% |
| Financial charges | 65/66B | €3,002 | €2,439 | -€563 | -18.8% |
| Recurring financial charges | 65 | €3,002 | €2,439 | -€563 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €37,838 | €31,995 | -€5,842 | -15.4% |
| Income taxes | 67/77 | €8,316 | €7,055 | -€1,262 | -15.2% |
| Profit (loss) for the period | 9904 | €29,521 | €24,940 | -€4,581 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,521 | €24,940 | -€4,581 | -15.5% |
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 17 October 2026 via checked.be.