EUOBSERVER.COM: 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.
EUOBSERVER.COM
Largest movements
- Cash -€91,343
down €91,343 (-54.4%), from €167,842 to €76,499
mainly Net result for the year (-€150,001) and Contributions, distributions and other (-€0)
- Receivables within one year -€26,212
down €26,212 (-27.5%), from €95,388 to €69,176
of which Trade receivables: -€22,961
- Profit (loss) carried forward -€150,001
down €150,001 (-63.0%), from €237,944 to €87,943
- Trade debts +€27,319
up €27,319 (+141.5%), from €19,308 to €46,627
- Tax, wage and social debts +€5,128
up €5,128 (+36.4%), from €14,078 to €19,206
- Gross operating margin -€149,266
down €149,266, from €111,598 to -€37,668
- Staff costs -€30,444
down €30,444 (-22.0%), from €138,279 to €107,835
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 | €271,330 | €153,776 | -€117,554 | -43.3% |
| Fixed assets | 21/28 | €8,100 | €8,100 | +€0 | 0.0% |
| Financial fixed assets | 28 | €8,100 | €8,100 | +€0 | 0.0% |
| Current assets | 29/58 | €263,230 | €145,676 | -€117,554 | -44.7% |
| Amounts receivable within one year | 40/41 | €95,388 | €69,176 | -€26,212 | -27.5% |
| Trade receivables | 40 | €89,923 | €66,962 | -€22,961 | -25.5% |
| Other amounts receivable | 41 | €5,465 | €2,214 | -€3,251 | -59.5% |
| Cash at bank and in hand | 54/58 | €167,842 | €76,499 | -€91,343 | -54.4% |
| Total equity and liabilities | 10/49 | €271,330 | €153,776 | -€117,554 | -43.3% |
| Equity | 10/15 | €237,944 | €87,943 | -€150,001 | -63.0% |
| Profit (loss) carried forward | 14 | €237,944 | €87,943 | -€150,001 | -63.0% |
| Amounts payable | 17/49 | €33,386 | €65,833 | +€32,447 | +97.2% |
| Amounts payable within one year | 42/48 | €33,386 | €65,833 | +€32,447 | +97.2% |
| Trade debts | 44 | €19,308 | €46,627 | +€27,319 | +141.5% |
| Suppliers | 440/4 | €19,308 | €46,627 | +€27,319 | +141.5% |
| Taxes, remuneration and social security | 45 | €14,078 | €19,206 | +€5,128 | +36.4% |
| Remuneration and social security | 454/9 | €14,078 | €19,206 | +€5,128 | +36.4% |
| Remuneration, social security and pensions | 62 | €138,279 | €107,835 | -€30,444 | -22.0% |
| Gross operating margin | 9900 | €111,598 | -€37,668 | -€149,266 | |
| Operating profit (loss) | 9901 | -€26,681 | -€145,503 | -€118,822 | -445.3% |
| Financial charges | 65/66B | €4,585 | €4,498 | -€87 | -1.9% |
| Recurring financial charges | 65 | €4,585 | €4,498 | -€87 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,266 | -€150,001 | -€118,735 | -379.8% |
| Profit (loss) for the period | 9904 | -€31,266 | -€150,001 | -€118,735 | -379.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,266 | -€150,001 | -€118,735 | -379.8% |
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 29 September 2026 via checked.be.