F8: 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.
F8
Largest movements
- Cash -€57,124
down €57,124 (-78.0%), from €73,239 to €16,115
mainly Other debts (-€34,202) and Net result for the year (-€11,301)
- Tangible fixed assets +€5,865
up €5,865 (+21.8%), from €26,892 to €32,757
of which Other tangible fixed assets: +€5,874
- Receivables within one year -€1,873
down €1,873 (-58.3%), from €3,210 to €1,337
of which Trade receivables: -€1,348
- Deferred charges and accrued income +€1,633
up €1,633 (+1729.3%), from €94 to €1,727
- Other debts -€34,202
down €34,202 (-86.9%), from €39,344 to €5,141
- Profit (loss) carried forward -€11,301
down €11,301 (-230.7%), from -€4,898 to -€16,199
- Tax, wage and social debts -€3,791
down €3,791 (-95.0%), from €3,991 to €200
- Trade debts -€1,355
down €1,355 (-43.8%), from €3,095 to €1,739
- Gross operating margin -€21,829
down €21,829, from €17,194 to -€4,635
- Taxes -€2,563
down €2,563 (-94.8%), from €2,705 to €141
- Other operating charges -€507
down €507 (-35.2%), from €1,441 to €934
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 | €103,436 | €51,937 | -€51,499 | -49.8% |
| Fixed assets | 21/28 | €26,892 | €32,757 | +€5,865 | +21.8% |
| Tangible fixed assets | 22/27 | €26,892 | €32,757 | +€5,865 | +21.8% |
| Furniture and vehicles | 24 | €9 | - | -€9 | |
| Other tangible fixed assets | 26 | €26,883 | €32,757 | +€5,874 | +21.9% |
| Current assets | 29/58 | €76,544 | €19,180 | -€57,364 | -74.9% |
| Amounts receivable within one year | 40/41 | €3,210 | €1,337 | -€1,873 | -58.3% |
| Trade receivables | 40 | €1,348 | - | -€1,348 | |
| Other amounts receivable | 41 | €1,863 | €1,337 | -€526 | -28.2% |
| Cash at bank and in hand | 54/58 | €73,239 | €16,115 | -€57,124 | -78.0% |
| Deferred charges and accrued income | 490/1 | €94 | €1,727 | +€1,633 | +1729.3% |
| Total equity and liabilities | 10/49 | €103,436 | €51,937 | -€51,499 | -49.8% |
| Equity | 10/15 | €54,594 | €43,293 | -€11,301 | -20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,092 | €47,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €232 | €232 | = | 0.0% |
| Distributable reserves | 133 | €46,860 | €46,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,898 | -€16,199 | -€11,301 | -230.7% |
| Amounts payable | 17/49 | €48,842 | €8,644 | -€40,197 | -82.3% |
| Amounts payable within one year | 42/48 | €46,429 | €7,080 | -€39,349 | -84.8% |
| Trade debts | 44 | €3,095 | €1,739 | -€1,355 | -43.8% |
| Suppliers | 440/4 | €3,095 | €1,739 | -€1,355 | -43.8% |
| Taxes, remuneration and social security | 45 | €3,991 | €200 | -€3,791 | -95.0% |
| Taxes | 450/3 | €3,991 | €200 | -€3,791 | -95.0% |
| Other amounts payable | 47/48 | €39,344 | €5,141 | -€34,202 | -86.9% |
| Accrued charges and deferred income | 492/3 | €2,413 | €1,564 | -€849 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €3,238 | +€52 | +1.6% |
| Other operating charges | 640/8 | €1,441 | €934 | -€507 | -35.2% |
| Gross operating margin | 9900 | €17,194 | -€4,635 | -€21,829 | |
| Operating profit (loss) | 9901 | €12,566 | -€8,807 | -€21,373 | |
| Financial income | 75/76B | €226 | €126 | -€100 | -44.3% |
| Recurring financial income | 75 | €226 | €126 | -€100 | -44.3% |
| Financial charges | 65/66B | €2,526 | €2,479 | -€47 | -1.9% |
| Recurring financial charges | 65 | €2,526 | €2,479 | -€47 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €10,266 | -€11,160 | -€21,426 | |
| Income taxes | 67/77 | €2,705 | €141 | -€2,563 | -94.8% |
| Profit (loss) for the period | 9904 | €7,561 | -€11,301 | -€18,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,561 | -€11,301 | -€18,862 |
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.