F.S. - IT: 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.S. - IT
Largest movements
- Cash -€53,725
down €53,725 (-74.3%), from €72,335 to €18,610
mainly Net result for the year (-€81,251) and Contributions, distributions and other (-€7,359)
- Current investments -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Receivables within one year -€5,736
down €5,736 (-18.1%), from €31,682 to €25,946
- Tangible fixed assets -€3,074
down €3,074 (-38.0%), from €8,084 to €5,010
- Profit (loss) carried forward -€81,250
down €81,250, from €9,630 to -€71,620
- Other debts +€9,510
new in 2025: €9,510
- Reserves -€7,360
down €7,360 (-6.0%), from €122,548 to €115,188
- Trade debts -€4,058
down €4,058 (-92.9%), from €4,369 to €311
- Gross operating margin -€132,435
down €132,435, from €55,883 to -€76,552
- Taxes -€15,593
no longer reported in 2025 (was €15,593)
- Depreciation -€1,201
down €1,201 (-28.1%), from €4,275 to €3,074
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 | €172,191 | €89,656 | -€82,535 | -47.9% |
| Fixed assets | 21/28 | €8,174 | €5,100 | -€3,074 | -37.6% |
| Tangible fixed assets | 22/27 | €8,084 | €5,010 | -€3,074 | -38.0% |
| Furniture and vehicles | 24 | €8,084 | €5,010 | -€3,074 | -38.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €164,017 | €84,556 | -€79,461 | -48.4% |
| Amounts receivable within one year | 40/41 | €31,682 | €25,946 | -€5,736 | -18.1% |
| Other amounts receivable | 41 | €31,682 | €25,946 | -€5,736 | -18.1% |
| Current investments | 50/53 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €72,335 | €18,610 | -€53,725 | -74.3% |
| Total equity and liabilities | 10/49 | €172,191 | €89,656 | -€82,535 | -47.9% |
| Equity | 10/15 | €150,778 | €62,168 | -€88,610 | -58.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,548 | €115,188 | -€7,360 | -6.0% |
| Distributable reserves | 133 | €122,548 | €115,188 | -€7,360 | -6.0% |
| Profit (loss) carried forward | 14 | €9,630 | -€71,620 | -€81,250 | |
| Amounts payable | 17/49 | €21,413 | €27,488 | +€6,075 | +28.4% |
| Amounts payable within one year | 42/48 | €21,413 | €27,488 | +€6,075 | +28.4% |
| Trade debts | 44 | €4,369 | €311 | -€4,058 | -92.9% |
| Suppliers | 440/4 | €4,369 | €311 | -€4,058 | -92.9% |
| Taxes, remuneration and social security | 45 | €17,044 | €17,667 | +€623 | +3.7% |
| Taxes | 450/3 | €17,044 | €14,532 | -€2,512 | -14.7% |
| Remuneration and social security | 454/9 | - | €3,135 | +€3,135 | |
| Other amounts payable | 47/48 | - | €9,510 | +€9,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275 | €3,074 | -€1,201 | -28.1% |
| Other operating charges | 640/8 | €898 | €972 | +€74 | +8.2% |
| Gross operating margin | 9900 | €55,883 | -€76,552 | -€132,435 | |
| Operating profit (loss) | 9901 | €50,710 | -€80,598 | -€131,308 | |
| Financial charges | 65/66B | €168 | €653 | +€485 | +288.7% |
| Recurring financial charges | 65 | €168 | €653 | +€485 | +288.7% |
| Profit (loss) for the period before taxes | 9903 | €50,542 | -€81,251 | -€131,793 | |
| Income taxes | 67/77 | €15,593 | - | -€15,593 | |
| Profit (loss) for the period | 9904 | €34,949 | -€81,251 | -€116,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,949 | -€81,251 | -€116,200 |
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 4 October 2026 via checked.be.