Flow: 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.
Flow
Largest movements
- Cash -€26,231
down €26,231 (-21.3%), from €122,933 to €96,702
mainly Other debts (-€15,322) and Tax, wage and social debts (-€11,411)
- Receivables within one year +€6,052
new in 2025: €6,052
- Other debts -€15,322
down €15,322 (-96.7%), from €15,840 to €518
- Tax, wage and social debts -€11,411
down €11,411 (-76.3%), from €14,952 to €3,541
of which Taxes: -€9,011
- Reserves +€5,141
up €5,141 (+6.9%), from €74,180 to €79,321
- Gross operating margin -€14,991
down €14,991 (-64.1%), from €23,387 to €8,396
- Taxes -€4,365
down €4,365 (-68.7%), from €6,359 to €1,993
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 | €127,068 | €105,797 | -€21,271 | -16.7% |
| Fixed assets | 21/28 | €3,231 | €2,693 | -€538 | -16.7% |
| Tangible fixed assets | 22/27 | €3,231 | €2,693 | -€538 | -16.7% |
| Furniture and vehicles | 24 | €180 | €6 | -€174 | -96.8% |
| Other tangible fixed assets | 26 | €3,052 | €2,687 | -€365 | -11.9% |
| Current assets | 29/58 | €123,836 | €103,104 | -€20,732 | -16.7% |
| Stocks and contracts in progress | 3 | €609 | - | -€609 | |
| Stocks | 30/36 | €609 | - | -€609 | |
| Amounts receivable within one year | 40/41 | - | €6,052 | +€6,052 | |
| Other amounts receivable | 41 | - | €6,052 | +€6,052 | |
| Cash at bank and in hand | 54/58 | €122,933 | €96,702 | -€26,231 | -21.3% |
| Deferred charges and accrued income | 490/1 | €295 | €350 | +€55 | +18.8% |
| Total equity and liabilities | 10/49 | €127,068 | €105,797 | -€21,271 | -16.7% |
| Equity | 10/15 | €95,150 | €100,291 | +€5,141 | +5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,180 | €79,321 | +€5,141 | +6.9% |
| Distributable reserves | 133 | €74,180 | €79,321 | +€5,141 | +6.9% |
| Profit (loss) carried forward | 14 | €970 | €970 | = | 0.0% |
| Amounts payable | 17/49 | €31,918 | €5,506 | -€26,411 | -82.7% |
| Amounts payable within one year | 42/48 | €31,918 | €5,499 | -€26,418 | -82.8% |
| Trade debts | 44 | €1,126 | €1,440 | +€314 | +27.9% |
| Suppliers | 440/4 | €1,126 | €1,440 | +€314 | +27.9% |
| Taxes, remuneration and social security | 45 | €14,952 | €3,541 | -€11,411 | -76.3% |
| Taxes | 450/3 | €12,352 | €3,341 | -€9,011 | -73.0% |
| Remuneration and social security | 454/9 | €2,600 | €200 | -€2,400 | -92.3% |
| Other amounts payable | 47/48 | €15,840 | €518 | -€15,322 | -96.7% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €538 | €538 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €23,387 | €8,396 | -€14,991 | -64.1% |
| Operating profit (loss) | 9901 | €22,708 | €7,713 | -€14,995 | -66.0% |
| Financial income | 75/76B | €5 | €4 | -€1 | -14.2% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -14.2% |
| Financial charges | 65/66B | €566 | €583 | +€18 | +3.1% |
| Recurring financial charges | 65 | €566 | €583 | +€18 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €22,147 | €7,134 | -€15,013 | -67.8% |
| Income taxes | 67/77 | €6,359 | €1,993 | -€4,365 | -68.7% |
| Profit (loss) for the period | 9904 | €15,789 | €5,141 | -€10,648 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,789 | €5,141 | -€10,648 | -67.4% |
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 17 October 2026 via checked.be.