FOCUS: 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.
FOCUS
Largest movements
- Cash -€1,228
down €1,228 (-2.5%), from €49,834 to €48,606
mainly Net result for the year (-€1,699)
- Profit (loss) carried forward -€1,699
down €1,699 (-13.2%), from -€12,883 to -€14,583
- Gross operating margin -€346
down €346 (-44.4%), from -€779 to -€1,124
- Other operating charges -€265
down €265 (-32.8%), from €809 to €544
- Financial charges -€17
down €17 (-26.5%), from €63 to €46
- Financial income +€15
new in 2025: €15
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 | €50,232 | €49,003 | -€1,228 | -2.4% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €50,182 | €48,953 | -€1,228 | -2.4% |
| Amounts receivable within one year | 40/41 | €348 | €348 | = | 0.0% |
| Other amounts receivable | 41 | €348 | €348 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,834 | €48,606 | -€1,228 | -2.5% |
| Total equity and liabilities | 10/49 | €50,232 | €49,003 | -€1,228 | -2.4% |
| Equity | 10/15 | €34,568 | €32,869 | -€1,699 | -4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,859 | €28,859 | = | 0.0% |
| Distributable reserves | 133 | €28,859 | €28,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,883 | -€14,583 | -€1,699 | -13.2% |
| Amounts payable | 17/49 | €15,664 | €16,135 | +€471 | +3.0% |
| Amounts payable within one year | 42/48 | €15,664 | €16,135 | +€471 | +3.0% |
| Trade debts | 44 | €80 | €551 | +€471 | +590% |
| Suppliers | 440/4 | €80 | €551 | +€471 | +590% |
| Other amounts payable | 47/48 | €15,584 | €15,584 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €809 | €544 | -€265 | -32.8% |
| Gross operating margin | 9900 | -€779 | -€1,124 | -€346 | -44.4% |
| Operating profit (loss) | 9901 | -€1,588 | -€1,668 | -€81 | -5.1% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €63 | €46 | -€17 | -26.5% |
| Recurring financial charges | 65 | €63 | €46 | -€17 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,651 | -€1,699 | -€49 | -2.9% |
| Profit (loss) for the period | 9904 | -€1,651 | -€1,699 | -€49 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,651 | -€1,699 | -€49 | -2.9% |
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.