FORM: 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.
FORM
Largest movements
- Cash -€3,188
down €3,188 (-15.1%), from €21,154 to €17,966
mainly Contributions, distributions and other (-€14,512) and Deferred charges and accrued income (-€1,642)
- Deferred charges and accrued income +€1,642
up €1,642 (+30.7%), from €5,343 to €6,985
- Trade debts -€1,492
down €1,492 (-49.0%), from €3,043 to €1,552
- Reserves -€529
down €529 (-2.4%), from €21,984 to €21,455
- Taxes +€1,013
up €1,013 (+20.4%), from €4,962 to €5,975
- Depreciation -€863
down €863 (-78.4%), from €1,100 to €237
- Gross operating margin -€500
down €500 (-2.3%), from €21,282 to €20,782
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 | €28,293 | €26,600 | -€1,694 | -6.0% |
| Fixed assets | 21/28 | €1,758 | €1,521 | -€237 | -13.5% |
| Tangible fixed assets | 22/27 | €268 | €31 | -€237 | -88.6% |
| Other tangible fixed assets | 26 | €268 | €31 | -€237 | -88.6% |
| Financial fixed assets | 28 | €1,490 | €1,490 | = | 0.0% |
| Current assets | 29/58 | €26,535 | €25,079 | -€1,456 | -5.5% |
| Amounts receivable within one year | 40/41 | €38 | €128 | +€89 | +232.3% |
| Trade receivables | 40 | - | €89 | +€89 | |
| Other amounts receivable | 41 | €38 | €38 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,154 | €17,966 | -€3,188 | -15.1% |
| Deferred charges and accrued income | 490/1 | €5,343 | €6,985 | +€1,642 | +30.7% |
| Total equity and liabilities | 10/49 | €28,293 | €26,600 | -€1,694 | -6.0% |
| Equity | 10/15 | €21,984 | €21,455 | -€529 | -2.4% |
| Reserves | 13 | €21,984 | €21,455 | -€529 | -2.4% |
| Distributable reserves | 133 | €21,984 | €21,455 | -€529 | -2.4% |
| Amounts payable | 17/49 | €6,309 | €5,144 | -€1,165 | -18.5% |
| Amounts payable within one year | 42/48 | €6,309 | €5,144 | -€1,165 | -18.5% |
| Trade debts | 44 | €3,043 | €1,552 | -€1,492 | -49.0% |
| Suppliers | 440/4 | €3,043 | €1,552 | -€1,492 | -49.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,162 | +€162 | +5.4% |
| Taxes | 450/3 | €3,000 | €3,162 | +€162 | +5.4% |
| Other amounts payable | 47/48 | €266 | €431 | +€165 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €237 | -€863 | -78.4% |
| Other operating charges | 640/8 | €298 | €360 | +€62 | +21.0% |
| Gross operating margin | 9900 | €21,282 | €20,782 | -€500 | -2.3% |
| Operating profit (loss) | 9901 | €19,884 | €20,185 | +€301 | +1.5% |
| Financial income | 75/76B | €1 | €2 | +€2 | +239.4% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +239.4% |
| Financial charges | 65/66B | €211 | €229 | +€17 | +8.2% |
| Recurring financial charges | 65 | €211 | €229 | +€17 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €19,674 | €19,958 | +€285 | +1.4% |
| Income taxes | 67/77 | €4,962 | €5,975 | +€1,013 | +20.4% |
| Profit (loss) for the period | 9904 | €14,712 | €13,984 | -€728 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,712 | €13,984 | -€728 | -4.9% |
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.