F en D: 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.
F en D
Largest movements
- Receivables within one year -€49,103
down €49,103 (-87.0%), from €56,430 to €7,327
of which Other amounts receivable: -€42,918
- Cash +€34,548
up €34,548 (+199.0%), from €17,363 to €51,911
mainly Receivables within one year (+€49,103) and Net result for the year (+€16,883)
- Profit (loss) carried forward -€44,748
no longer reported in 2025 (was €44,748)
- Trade debts +€12,580
up €12,580 (+1165.5%), from €1,079 to €13,659
- Tax, wage and social debts +€9,119
up €9,119 (+134.1%), from €6,801 to €15,920
- Other debts +€8,494
new in 2025: €8,494
- Gross operating margin +€14,944
up €14,944 (+106.9%), from €13,976 to €28,920
- Taxes +€4,474
up €4,474 (+66.2%), from €6,756 to €11,231
- Depreciation -€604
no longer reported in 2025 (was €604)
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 | €74,443 | €59,888 | -€14,555 | -19.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €650 | €650 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €73,793 | €59,238 | -€14,555 | -19.7% |
| Amounts receivable within one year | 40/41 | €56,430 | €7,327 | -€49,103 | -87.0% |
| Trade receivables | 40 | €13,513 | €7,327 | -€6,186 | -45.8% |
| Other amounts receivable | 41 | €42,918 | - | -€42,918 | |
| Cash at bank and in hand | 54/58 | €17,363 | €51,911 | +€34,548 | +199.0% |
| Total equity and liabilities | 10/49 | €74,443 | €59,888 | -€14,555 | -19.6% |
| Equity | 10/15 | €66,563 | €21,815 | -€44,748 | -67.2% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,983 | €1,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,748 | - | -€44,748 | |
| Amounts payable | 17/49 | €7,881 | €38,073 | +€30,193 | +383.1% |
| Amounts payable within one year | 42/48 | €7,881 | €38,073 | +€30,193 | +383.1% |
| Trade debts | 44 | €1,079 | €13,659 | +€12,580 | +1165.5% |
| Suppliers | 440/4 | €1,079 | €13,659 | +€12,580 | +1165.5% |
| Taxes, remuneration and social security | 45 | €6,801 | €15,920 | +€9,119 | +134.1% |
| Taxes | 450/3 | €6,801 | €15,920 | +€9,119 | +134.1% |
| Other amounts payable | 47/48 | - | €8,494 | +€8,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | - | -€604 | |
| Other operating charges | 640/8 | €387 | €587 | +€200 | +51.5% |
| Gross operating margin | 9900 | €13,976 | €28,920 | +€14,944 | +106.9% |
| Operating profit (loss) | 9901 | €12,984 | €28,334 | +€15,349 | +118.2% |
| Financial income | 75/76B | €1 | €3 | +€2 | +224.5% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +224.5% |
| Financial charges | 65/66B | €221 | €223 | +€2 | +1.1% |
| Recurring financial charges | 65 | €221 | €223 | +€2 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €12,764 | €28,113 | +€15,349 | +120.2% |
| Income taxes | 67/77 | €6,756 | €11,231 | +€4,474 | +66.2% |
| Profit (loss) for the period | 9904 | €6,008 | €16,883 | +€10,875 | +181.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,008 | €16,883 | +€10,875 | +181.0% |
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 5 October 2026 via checked.be.