EXCERT: 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.
EXCERT
Largest movements
- Deferred charges and accrued income -€1,519
no longer reported in 2025 (was €1,519)
- Cash +€676
up €676 (+123.4%), from €548 to €1,225
mainly Deferred charges and accrued income (+€1,519) and Other debts (+€917)
- Tangible fixed assets -€600
down €600 (-54.1%), from €1,108 to €508
- Profit (loss) carried forward -€2,498
down €2,498 (-31.8%), from -€7,867 to -€10,365
- Other debts +€917
up €917 (+1198.5%), from €76 to €993
- Tax, wage and social debts +€328
up €328 (+75.7%), from €432 to €760
- Trade debts -€188
down €188 (-35.3%), from €532 to €345
- Gross operating margin +€4,671
up €4,671 (+83.0%), from -€5,628 to -€957
- Depreciation -€1,181
down €1,181 (-66.3%), from €1,780 to €600
- Other operating charges +€456
up €456 (+117.7%), from €387 to €843
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 | €3,174 | €1,733 | -€1,442 | -45.4% |
| Fixed assets | 21/28 | €1,108 | €508 | -€600 | -54.1% |
| Tangible fixed assets | 22/27 | €1,108 | €508 | -€600 | -54.1% |
| Furniture and vehicles | 24 | €1,108 | €508 | -€600 | -54.1% |
| Current assets | 29/58 | €2,067 | €1,225 | -€842 | -40.7% |
| Cash at bank and in hand | 54/58 | €548 | €1,225 | +€676 | +123.4% |
| Deferred charges and accrued income | 490/1 | €1,519 | - | -€1,519 | |
| Total equity and liabilities | 10/49 | €3,174 | €1,733 | -€1,442 | -45.4% |
| Equity | 10/15 | €2,133 | -€365 | -€2,498 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,867 | -€10,365 | -€2,498 | -31.8% |
| Amounts payable | 17/49 | €1,041 | €2,098 | +€1,056 | +101.4% |
| Amounts payable within one year | 42/48 | €1,041 | €2,098 | +€1,056 | +101.4% |
| Trade debts | 44 | €532 | €345 | -€188 | -35.3% |
| Suppliers | 440/4 | €532 | €345 | -€188 | -35.3% |
| Taxes, remuneration and social security | 45 | €432 | €760 | +€328 | +75.7% |
| Taxes | 450/3 | €432 | €760 | +€328 | +75.7% |
| Other amounts payable | 47/48 | €76 | €993 | +€917 | +1198.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €600 | -€1,181 | -66.3% |
| Other operating charges | 640/8 | €387 | €843 | +€456 | +117.7% |
| Gross operating margin | 9900 | -€5,628 | -€957 | +€4,671 | +83.0% |
| Operating profit (loss) | 9901 | -€7,795 | -€2,400 | +€5,395 | +69.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €73 | €98 | +€25 | +34.7% |
| Recurring financial charges | 65 | €73 | €98 | +€25 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,867 | -€2,498 | +€5,369 | +68.2% |
| Profit (loss) for the period | 9904 | -€7,867 | -€2,498 | +€5,369 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,867 | -€2,498 | +€5,369 | +68.2% |
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 8 October 2026 via checked.be.