EXPERTBOX: 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.
EXPERTBOX
Largest movements
- Intangible fixed assets +€1,414
new in 2025: €1,414
- Cash -€1,105
down €1,105 (-69.9%), from €1,581 to €476
mainly Net result for the year (-€13,280) and Investment in fixed assets (net) (-€1,500)
- Profit (loss) carried forward -€13,280
down €13,280 (-8.0%), from -€165,425 to -€178,705
- Other debts +€12,500
up €12,500 (+9.2%), from €135,533 to €148,033
- Trade debts +€1,089
up €1,089 (+118.7%), from €917 to €2,006
- Gross operating margin -€1,089
down €1,089 (-9.1%), from -€12,000 to -€13,089
- Other operating charges -€300
down €300 (-85.7%), from €350 to €50
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 | €1,581 | €1,890 | +€309 | +19.5% |
| Fixed assets | 21/28 | - | €1,414 | +€1,414 | |
| Intangible fixed assets | 21 | - | €1,414 | +€1,414 | |
| Current assets | 29/58 | €1,581 | €476 | -€1,105 | -69.9% |
| Cash at bank and in hand | 54/58 | €1,581 | €476 | -€1,105 | -69.9% |
| Total equity and liabilities | 10/49 | €1,581 | €1,890 | +€309 | +19.5% |
| Equity | 10/15 | -€134,870 | -€148,150 | -€13,280 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €24,356 | €24,356 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €22,496 | €24,356 | +€1,860 | +8.3% |
| Profit (loss) carried forward | 14 | -€165,425 | -€178,705 | -€13,280 | -8.0% |
| Amounts payable | 17/49 | €136,450 | €150,039 | +€13,589 | +10.0% |
| Amounts payable within one year | 42/48 | €136,450 | €150,039 | +€13,589 | +10.0% |
| Trade debts | 44 | €917 | €2,006 | +€1,089 | +118.7% |
| Suppliers | 440/4 | €917 | €2,006 | +€1,089 | +118.7% |
| Other amounts payable | 47/48 | €135,533 | €148,033 | +€12,500 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €86 | +€86 | |
| Other operating charges | 640/8 | €350 | €50 | -€300 | -85.7% |
| Gross operating margin | 9900 | -€12,000 | -€13,089 | -€1,089 | -9.1% |
| Operating profit (loss) | 9901 | -€12,350 | -€13,225 | -€875 | -7.1% |
| Financial charges | 65/66B | €55 | €55 | +€0 | +0.5% |
| Recurring financial charges | 65 | €55 | €55 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,405 | -€13,280 | -€876 | -7.1% |
| Profit (loss) for the period | 9904 | -€12,405 | -€13,280 | -€876 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,405 | -€13,280 | -€876 | -7.1% |
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 10 October 2026 via checked.be.