FIRST: 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.
FIRST
Largest movements
- Cash -€12,672
down €12,672 (-96.6%), from €13,116 to €444
mainly Trade debts (-€11,066) and Deferred charges and accrued income (-€6,000)
- Deferred charges and accrued income +€6,000
new in 2025: €6,000
- Trade debts -€11,066
down €11,066 (-35.7%), from €31,000 to €19,934
- Profit (loss) carried forward +€6,583
up €6,583 (+3.2%), from -€207,707 to -€201,124
- Tax, wage and social debts -€2,181
no longer reported in 2025 (was €2,181)
- Gross operating margin -€3,911
down €3,911 (-35.3%), from €11,085 to €7,175
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 | €13,116 | €6,452 | -€6,664 | -50.8% |
| Current assets | 29/58 | €13,116 | €6,452 | -€6,664 | -50.8% |
| Amounts receivable within one year | 40/41 | - | €8 | +€8 | |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €13,116 | €444 | -€12,672 | -96.6% |
| Deferred charges and accrued income | 490/1 | - | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €13,116 | €6,452 | -€6,664 | -50.8% |
| Equity | 10/15 | -€20,065 | -€13,483 | +€6,583 | +32.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €125,641 | €125,641 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,441 | €119,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,707 | -€201,124 | +€6,583 | +3.2% |
| Amounts payable | 17/49 | €33,181 | €19,934 | -€13,247 | -39.9% |
| Amounts payable within one year | 42/48 | €33,181 | €19,934 | -€13,247 | -39.9% |
| Trade debts | 44 | €31,000 | €19,934 | -€11,066 | -35.7% |
| Suppliers | 440/4 | €31,000 | €19,934 | -€11,066 | -35.7% |
| Taxes, remuneration and social security | 45 | €2,181 | - | -€2,181 | |
| Taxes | 450/3 | €2,181 | - | -€2,181 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €11,085 | €7,175 | -€3,911 | -35.3% |
| Operating profit (loss) | 9901 | €10,580 | €6,655 | -€3,925 | -37.1% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €10,513 | €6,583 | -€3,930 | -37.4% |
| Profit (loss) for the period | 9904 | €10,513 | €6,583 | -€3,930 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,513 | €6,583 | -€3,930 | -37.4% |
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 6 October 2026 via checked.be.