FIRST ONE: 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 ONE
Largest movements
- Receivables within one year +€1,708
up €1,708 (+356.3%), from €479 to €2,188
of which Trade receivables: +€1,895
- Cash -€226
down €226 (-40.4%), from €559 to €333
mainly Net result for the year (-€4,366) and Receivables within one year (-€1,708)
- Trade debts +€4,680
up €4,680 (+1208.2%), from €387 to €5,067
- Profit (loss) carried forward -€4,366
down €4,366 (-9.9%), from -€44,114 to -€48,480
- Other debts +€1,168
up €1,168 (+23.0%), from €5,072 to €6,240
- Other operating charges +€683
up €683 (+21.9%), from €3,125 to €3,808
- Gross operating margin +€323
up €323 (+40.7%), from -€793 to -€471
- Financial charges +€87
new in 2025: €87
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 | €1,038 | €2,521 | +€1,482 | +142.7% |
| Current assets | 29/58 | €1,038 | €2,521 | +€1,482 | +142.7% |
| Amounts receivable within one year | 40/41 | €479 | €2,188 | +€1,708 | +356.3% |
| Trade receivables | 40 | - | €1,895 | +€1,895 | |
| Other amounts receivable | 41 | €479 | €292 | -€187 | -39.0% |
| Cash at bank and in hand | 54/58 | €559 | €333 | -€226 | -40.4% |
| Total equity and liabilities | 10/49 | €1,038 | €2,521 | +€1,482 | +142.7% |
| Equity | 10/15 | -€14,421 | -€18,787 | -€4,366 | -30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,093 | €11,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €9,233 | €9,233 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€44,114 | -€48,480 | -€4,366 | -9.9% |
| Amounts payable | 17/49 | €15,459 | €21,308 | +€5,848 | +37.8% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,459 | €11,308 | +€5,848 | +107.1% |
| Trade debts | 44 | €387 | €5,067 | +€4,680 | +1208.2% |
| Suppliers | 440/4 | €387 | €5,067 | +€4,680 | +1208.2% |
| Other amounts payable | 47/48 | €5,072 | €6,240 | +€1,168 | +23.0% |
| Other operating charges | 640/8 | €3,125 | €3,808 | +€683 | +21.9% |
| Gross operating margin | 9900 | -€793 | -€471 | +€323 | +40.7% |
| Operating profit (loss) | 9901 | -€3,918 | -€4,279 | -€361 | -9.2% |
| Financial charges | 65/66B | - | €87 | +€87 | |
| Recurring financial charges | 65 | - | €87 | +€87 | |
| Profit (loss) for the period before taxes | 9903 | -€3,918 | -€4,366 | -€448 | -11.4% |
| Profit (loss) for the period | 9904 | -€3,918 | -€4,366 | -€448 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,918 | -€4,366 | -€448 | -11.4% |
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 5 October 2026 via checked.be.