FEAR NO FALL: 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.
FEAR NO FALL
Largest movements
- Cash +€19,253
up €19,253 (+84.1%), from €22,881 to €42,134
mainly Net result for the year (+€14,097) and Receivables within one year (+€4,508)
- Receivables within one year -€4,508
down €4,508 (-32.6%), from €13,825 to €9,317
of which Trade receivables: -€2,728
- Deferred charges and accrued income +€3,305
new in 2025: €3,305
- Tangible fixed assets +€1,244
new in 2025: €1,244
- Reserves +€34,391
new in 2025: €34,391
- Profit (loss) carried forward -€20,294
no longer reported in 2025 (was €20,294)
- Tax, wage and social debts +€3,644
up €3,644 (+122.7%), from €2,970 to €6,614
of which Taxes: +€3,532
- Trade debts +€1,020
up €1,020 (+82.9%), from €1,230 to €2,250
- Gross operating margin -€4,934
down €4,934 (-17.1%), from €28,859 to €23,925
- Taxes +€4,476
up €4,476 (+230.6%), from €1,941 to €6,417
- Depreciation -€1,140
down €1,140 (-89.8%), from €1,269 to €129
- Financial charges -€672
down €672 (-21.1%), from €3,192 to €2,520
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 | €37,306 | €56,600 | +€19,294 | +51.7% |
| Fixed assets | 21/28 | €600 | €1,844 | +€1,244 | +207.4% |
| Tangible fixed assets | 22/27 | - | €1,244 | +€1,244 | |
| Furniture and vehicles | 24 | - | €1,244 | +€1,244 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €36,706 | €54,756 | +€18,050 | +49.2% |
| Amounts receivable within one year | 40/41 | €13,825 | €9,317 | -€4,508 | -32.6% |
| Trade receivables | 40 | €12,045 | €9,317 | -€2,728 | -22.6% |
| Other amounts receivable | 41 | €1,780 | - | -€1,780 | |
| Cash at bank and in hand | 54/58 | €22,881 | €42,134 | +€19,253 | +84.1% |
| Deferred charges and accrued income | 490/1 | - | €3,305 | +€3,305 | |
| Total equity and liabilities | 10/49 | €37,306 | €56,600 | +€19,294 | +51.7% |
| Equity | 10/15 | €32,694 | €46,791 | +€14,097 | +43.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €34,391 | +€34,391 | |
| Distributable reserves | 133 | - | €34,391 | +€34,391 | |
| Profit (loss) carried forward | 14 | €20,294 | - | -€20,294 | |
| Amounts payable | 17/49 | €4,612 | €9,809 | +€5,197 | +112.7% |
| Amounts payable within one year | 42/48 | €4,612 | €9,809 | +€5,197 | +112.7% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €1,230 | €2,250 | +€1,020 | +82.9% |
| Suppliers | 440/4 | €1,230 | €2,250 | +€1,020 | +82.9% |
| Taxes, remuneration and social security | 45 | €2,970 | €6,614 | +€3,644 | +122.7% |
| Taxes | 450/3 | €2,881 | €6,413 | +€3,532 | +122.6% |
| Remuneration and social security | 454/9 | €89 | €201 | +€112 | +125.8% |
| Other amounts payable | 47/48 | €412 | €945 | +€533 | +129.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €129 | -€1,140 | -89.8% |
| Other operating charges | 640/8 | €985 | €762 | -€223 | -22.7% |
| Gross operating margin | 9900 | €28,859 | €23,925 | -€4,934 | -17.1% |
| Operating profit (loss) | 9901 | €26,605 | €23,034 | -€3,571 | -13.4% |
| Financial income | 75/76B | €251 | - | -€251 | |
| Recurring financial income | 75 | €251 | - | -€251 | |
| Financial charges | 65/66B | €3,192 | €2,520 | -€672 | -21.1% |
| Recurring financial charges | 65 | €3,192 | €2,520 | -€672 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €23,664 | €20,514 | -€3,150 | -13.3% |
| Income taxes | 67/77 | €1,941 | €6,417 | +€4,476 | +230.6% |
| Profit (loss) for the period | 9904 | €21,723 | €14,097 | -€7,626 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,723 | €14,097 | -€7,626 | -35.1% |
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.