FOR YOUR AMUSEMENT: what changed
FOR YOUR AMUSEMENT
Largest movements
- Cash -€36,444
down €36,444 (-40.4%), from €90,181 to €53,737
mainly Stocks and contracts (-€16,348) and Receivables within one year (-€12,632)
- Stocks and contracts +€16,348
up €16,348 (+147%), from €11,150 to €27,498
- Receivables within one year +€12,632
up €12,632 (+170%), from €7,416 to €20,048
of which Trade receivables: +€12,632
- Intangible fixed assets -€1,700
down €1,700 (-15.8%), from €10,767 to €9,067
- Trade debts -€11,128
down €11,128 (-15.1%), from €73,855 to €62,727
- Tax, wage and social debts +€2,928
up €2,928 (+47.4%), from €6,176 to €9,104
- Profit (loss) carried forward -€1,406
new in 2025: -€1,406
- Gross operating margin -€71,928
down €71,928 (-82.5%), from €87,174 to €15,246
- Staff costs -€58,228
down €58,228 (-99.9%), from €58,278 to €51
- Other operating charges +€5,368
up €5,368 (+58.5%), from €9,171 to €14,539
- Financial charges -€2,656
down €2,656 (-84.2%), from €3,153 to €497
- Taxes -€1,973
down €1,973 (-52.9%), from €3,732 to €1,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,592 | €110,986 | -€9,607 | -8.0% |
| Fixed assets | 21/28 | €11,734 | €9,702 | -€2,032 | -17.3% |
| Intangible fixed assets | 21 | €10,767 | €9,067 | -€1,700 | -15.8% |
| Tangible fixed assets | 22/27 | €967 | €636 | -€332 | -34.3% |
| Plant, machinery and equipment | 23 | €967 | €636 | -€332 | -34.3% |
| Current assets | 29/58 | €108,859 | €101,283 | -€7,575 | -7.0% |
| Stocks and contracts in progress | 3 | €11,150 | €27,498 | +€16,348 | +147% |
| Stocks | 30/36 | €11,150 | €27,498 | +€16,348 | +147% |
| Amounts receivable within one year | 40/41 | €7,416 | €20,048 | +€12,632 | +170% |
| Trade receivables | 40 | €2,318 | €14,950 | +€12,632 | +545% |
| Other amounts receivable | 41 | €5,098 | €5,098 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,181 | €53,737 | -€36,444 | -40.4% |
| Deferred charges and accrued income | 490/1 | €111 | - | -€111 | |
| Total equity and liabilities | 10/49 | €120,592 | €110,986 | -€9,607 | -8.0% |
| Equity | 10/15 | €15,561 | €14,154 | -€1,406 | -9.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,561 | €5,561 | = | 0.0% |
| Distributable reserves | 133 | €5,561 | €5,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,406 | -€1,406 | |
| Amounts payable | 17/49 | €105,031 | €96,831 | -€8,200 | -7.8% |
| Amounts payable within one year | 42/48 | €105,031 | €96,831 | -€8,200 | -7.8% |
| Trade debts | 44 | €73,855 | €62,727 | -€11,128 | -15.1% |
| Suppliers | 440/4 | €73,855 | €62,727 | -€11,128 | -15.1% |
| Taxes, remuneration and social security | 45 | €6,176 | €9,104 | +€2,928 | +47.4% |
| Taxes | 450/3 | €6,176 | €9,104 | +€2,928 | +47.4% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Non-recurring operating income | 76A | €5,542 | - | -€5,542 | |
| Remuneration, social security and pensions | 62 | €58,278 | €51 | -€58,228 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,032 | €2,032 | = | 0.0% |
| Other operating charges | 640/8 | €9,171 | €14,539 | +€5,368 | +58.5% |
| Non-recurring operating charges | 66A | €364 | - | -€364 | |
| Gross operating margin | 9900 | €87,174 | €15,246 | -€71,928 | -82.5% |
| Operating profit (loss) | 9901 | €17,329 | -€1,375 | -€18,704 | |
| Financial income | 75/76B | €1,903 | €2,225 | +€322 | +16.9% |
| Recurring financial income | 75 | €1,903 | €2,225 | +€322 | +16.9% |
| Financial charges | 65/66B | €3,153 | €497 | -€2,656 | -84.2% |
| Recurring financial charges | 65 | €3,153 | €497 | -€2,656 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €16,078 | €352 | -€15,726 | -97.8% |
| Income taxes | 67/77 | €3,732 | €1,759 | -€1,973 | -52.9% |
| Profit (loss) for the period | 9904 | €12,346 | -€1,406 | -€13,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,346 | -€1,406 | -€13,753 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.