F. BAL: 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.
F. BAL
Largest movements
- Tangible fixed assets +€10,267
new in 2025: €10,267
- Cash -€8,056
down €8,056 (-100.0%), from €8,056 to €0
mainly Net result for the year (-€13,179) and Investment in fixed assets (net) (-€11,074)
- Profit (loss) carried forward -€13,179
down €13,179 (-50.5%), from €26,105 to €12,925
- Short-term financial debts +€9,872
new in 2025: €9,872
- Trade debts +€7,589
new in 2025: €7,589
- Gross operating margin -€34,455
down €34,455, from €23,268 to -€11,187
- Financial income -€6,106
no longer reported in 2025 (was €6,106)
- Taxes -€914
no longer reported in 2025 (was €914)
- Depreciation +€808
new in 2025: €808
- Financial charges -€685
down €685 (-52.3%), from €1,309 to €625
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 | €301,351 | €303,911 | +€2,560 | +0.8% |
| Fixed assets | 21/28 | €95,000 | €105,267 | +€10,267 | +10.8% |
| Tangible fixed assets | 22/27 | - | €10,267 | +€10,267 | |
| Furniture and vehicles | 24 | - | €10,267 | +€10,267 | |
| Financial fixed assets | 28 | €95,000 | €95,000 | = | 0.0% |
| Current assets | 29/58 | €206,351 | €198,644 | -€7,706 | -3.7% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Trade receivables | 290 | €160,000 | - | -€160,000 | |
| Other amounts receivable | 291 | - | €160,000 | +€160,000 | |
| Amounts receivable within one year | 40/41 | €38,294 | €38,644 | +€350 | +0.9% |
| Other amounts receivable | 41 | €38,294 | €38,644 | +€350 | +0.9% |
| Cash at bank and in hand | 54/58 | €8,056 | €0 | -€8,056 | -100.0% |
| Total equity and liabilities | 10/49 | €301,351 | €303,911 | +€2,560 | +0.8% |
| Equity | 10/15 | €282,270 | €269,091 | -€13,179 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €249,965 | €249,965 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €248,105 | €248,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,105 | €12,925 | -€13,179 | -50.5% |
| Amounts payable | 17/49 | €19,080 | €34,820 | +€15,740 | +82.5% |
| Amounts payable within one year | 42/48 | €19,080 | €34,820 | +€15,740 | +82.5% |
| Financial debts | 43 | - | €9,872 | +€9,872 | |
| Credit institutions | 430/8 | - | €9,872 | +€9,872 | |
| Trade debts | 44 | - | €7,589 | +€7,589 | |
| Suppliers | 440/4 | - | €7,589 | +€7,589 | |
| Taxes, remuneration and social security | 45 | €4,954 | €3,233 | -€1,721 | -34.7% |
| Taxes | 450/3 | €4,954 | €3,233 | -€1,721 | -34.7% |
| Other amounts payable | 47/48 | €14,126 | €14,126 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €808 | +€808 | |
| Other operating charges | 640/8 | €1,046 | €560 | -€486 | -46.5% |
| Gross operating margin | 9900 | €23,268 | -€11,187 | -€34,455 | |
| Operating profit (loss) | 9901 | €22,222 | -€12,555 | -€34,777 | |
| Financial income | 75/76B | €6,106 | - | -€6,106 | |
| Recurring financial income | 75 | €6,106 | - | -€6,106 | |
| Financial charges | 65/66B | €1,309 | €625 | -€685 | -52.3% |
| Recurring financial charges | 65 | €1,309 | €625 | -€685 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €27,019 | -€13,179 | -€40,198 | |
| Income taxes | 67/77 | €914 | - | -€914 | |
| Profit (loss) for the period | 9904 | €26,105 | -€13,179 | -€39,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,105 | -€13,179 | -€39,284 |
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 11 October 2026 via checked.be.