FINAXES: 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.
FINAXES
Largest movements
- Tangible fixed assets -€11,475
down €11,475 (-52.2%), from €21,994 to €10,519
- Formation expenses -€374
down €374 (-50.0%), from €748 to €374
- Profit (loss) carried forward +€20,019
up €20,019 (+17.0%), from -€117,756 to -€97,736
- Debts after one year -€18,292
down €18,292 (-20.8%), from €87,958 to €69,666
of which Financial debts: -€16,312
- Other debts -€13,602
down €13,602 (-77.1%), from €17,640 to €4,038
- Gross operating margin +€13,610
up €13,610 (+64.6%), from €21,059 to €34,668
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.
Derived cash bridge
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 | €24,155 | €12,280 | -€11,875 | -49.2% |
| Formation expenses | 20 | €748 | €374 | -€374 | -50.0% |
| Fixed assets | 21/28 | €21,994 | €10,519 | -€11,475 | -52.2% |
| Tangible fixed assets | 22/27 | €21,994 | €10,519 | -€11,475 | -52.2% |
| Land and buildings | 22 | €21,994 | €10,519 | -€11,475 | -52.2% |
| Current assets | 29/58 | €1,414 | €1,388 | -€26 | -1.8% |
| Cash at bank and in hand | 54/58 | €1,414 | €1,388 | -€26 | -1.8% |
| Total equity and liabilities | 10/49 | €24,155 | €12,280 | -€11,875 | -49.2% |
| Equity | 10/15 | -€97,756 | -€77,736 | +€20,019 | +20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,756 | -€97,736 | +€20,019 | +17.0% |
| Amounts payable | 17/49 | €121,911 | €90,017 | -€31,894 | -26.2% |
| Amounts payable after more than one year | 17 | €87,958 | €69,666 | -€18,292 | -20.8% |
| Financial debts | 170/4 | €85,978 | €69,666 | -€16,312 | -19.0% |
| Other amounts payable | 178/9 | €1,980 | - | -€1,980 | |
| Amounts payable within one year | 42/48 | €33,953 | €20,351 | -€13,602 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €16,313 | €16,312 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €17,640 | €4,038 | -€13,602 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,849 | €11,849 | = | 0.0% |
| Other operating charges | 640/8 | €2,139 | €2,212 | +€73 | +3.4% |
| Gross operating margin | 9900 | €21,059 | €34,668 | +€13,610 | +64.6% |
| Operating profit (loss) | 9901 | €7,071 | €20,608 | +€13,537 | +191% |
| Financial charges | 65/66B | €828 | €589 | -€240 | -29.0% |
| Recurring financial charges | 65 | €828 | €589 | -€240 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €6,242 | €20,019 | +€13,777 | +221% |
| Profit (loss) for the period | 9904 | €6,242 | €20,019 | +€13,777 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €6,242 | €20,019 | +€13,777 | +221% |
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 13 October 2026 via checked.be.