Foretaste: 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.
Foretaste
Largest movements
- Receivables within one year -€12,655
down €12,655 (-51.9%), from €24,371 to €11,716
of which Other amounts receivable: -€7,382
- Cash -€6,050
down €6,050 (-27.3%), from €22,152 to €16,103
mainly Net result for the year (-€57,579) and Investment in fixed assets (net) (-€8,923)
- Tangible fixed assets +€5,473
up €5,473 (+371%), from €1,474 to €6,947
- Profit (loss) carried forward -€57,579
down €57,579 (-879%), from -€6,551 to -€64,130
- Other debts +€34,996
up €34,996 (+111%), from €31,520 to €66,516
- Trade debts +€6,239
up €6,239 (+16,018%), from €39 to €6,278
- Tax, wage and social debts +€2,700
up €2,700 (+80.3%), from €3,365 to €6,065
- Financial charges +€32,767
up €32,767 (+75.8%), from €43,203 to €75,971
- Gross operating margin -€28,908
down €28,908 (-56.1%), from €51,504 to €22,596
- Depreciation +€2,520
up €2,520 (+271%), from €931 to €3,450
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 | €48,254 | €35,020 | -€13,234 | -27.4% |
| Fixed assets | 21/28 | €1,474 | €6,947 | +€5,473 | +371% |
| Tangible fixed assets | 22/27 | €1,474 | €6,947 | +€5,473 | +371% |
| Furniture and vehicles | 24 | €1,474 | €6,947 | +€5,473 | +371% |
| Current assets | 29/58 | €46,780 | €28,073 | -€18,708 | -40.0% |
| Amounts receivable within one year | 40/41 | €24,371 | €11,716 | -€12,655 | -51.9% |
| Trade receivables | 40 | €15,509 | €10,237 | -€5,273 | -34.0% |
| Other amounts receivable | 41 | €8,862 | €1,480 | -€7,382 | -83.3% |
| Cash at bank and in hand | 54/58 | €22,152 | €16,103 | -€6,050 | -27.3% |
| Deferred charges and accrued income | 490/1 | €257 | €254 | -€3 | -1.3% |
| Total equity and liabilities | 10/49 | €48,254 | €35,020 | -€13,234 | -27.4% |
| Equity | 10/15 | €12,049 | -€45,530 | -€57,579 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,551 | -€64,130 | -€57,579 | -879% |
| Amounts payable | 17/49 | €36,205 | €80,550 | +€44,344 | +122% |
| Amounts payable within one year | 42/48 | €34,924 | €78,859 | +€43,936 | +126% |
| Trade debts | 44 | €39 | €6,278 | +€6,239 | +16,018% |
| Suppliers | 440/4 | €39 | €6,278 | +€6,239 | +16,018% |
| Taxes, remuneration and social security | 45 | €3,365 | €6,065 | +€2,700 | +80.3% |
| Taxes | 450/3 | €3,365 | €6,065 | +€2,700 | +80.3% |
| Other amounts payable | 47/48 | €31,520 | €66,516 | +€34,996 | +111% |
| Accrued charges and deferred income | 492/3 | €1,282 | €1,690 | +€409 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €3,450 | +€2,520 | +271% |
| Other operating charges | 640/8 | €595 | €624 | +€30 | +5.0% |
| Gross operating margin | 9900 | €51,504 | €22,596 | -€28,908 | -56.1% |
| Operating profit (loss) | 9901 | €49,979 | €18,522 | -€31,457 | -62.9% |
| Financial income | 75/76B | €0 | €2 | +€2 | +5,750% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +5,750% |
| Financial charges | 65/66B | €43,203 | €75,971 | +€32,767 | +75.8% |
| Recurring financial charges | 65 | €43,203 | €75,971 | +€32,767 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €6,775 | -€57,447 | -€64,222 | |
| Income taxes | 67/77 | €138 | €132 | -€6 | -4.5% |
| Profit (loss) for the period | 9904 | €6,637 | -€57,579 | -€64,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,637 | -€57,579 | -€64,216 |
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 16 October 2026 via checked.be.