FORMAT: 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.
FORMAT
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+351.1%), from €385,000 to €1.7m
- Receivables within one year +€205,942
new in 2025: €205,942
- Debts after one year +€1.2m
new in 2025: €1.2m
- Other debts +€276,813
up €276,813 (+44.8%), from €618,574 to €895,386
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€100,159
down €100,159 (-29.6%), from -€338,628 to -€438,787
- Financial charges +€75,443
up €75,443 (+415.6%), from €18,151 to €93,594
- Gross operating margin -€3,755
down €3,755 (-262.1%), from -€1,433 to -€5,187
- Other operating charges +€731
up €731 (+112.9%), from €647 to €1,378
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,119 | €1,943,824 | +€1.6m | +404.7% |
| Fixed assets | 21/28 | €385,000 | €1,736,825 | +€1.4m | +351.1% |
| Tangible fixed assets | 22/27 | €385,000 | €1,736,825 | +€1.4m | +351.1% |
| Land and buildings | 22 | €385,000 | €1,736,825 | +€1.4m | +351.1% |
| Current assets | 29/58 | €119 | €206,999 | +€206,880 | +174068.1% |
| Amounts receivable within one year | 40/41 | - | €205,942 | +€205,942 | |
| Other amounts receivable | 41 | - | €205,942 | +€205,942 | |
| Cash at bank and in hand | 54/58 | €119 | €1,056 | +€938 | +788.8% |
| Total equity and liabilities | 10/49 | €385,119 | €1,943,824 | +€1.6m | +404.7% |
| Equity | 10/15 | -€234,513 | -€334,672 | -€100,159 | -42.7% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€338,628 | -€438,787 | -€100,159 | -29.6% |
| Amounts payable | 17/49 | €619,632 | €2,278,496 | +€1.7m | +267.7% |
| Amounts payable after more than one year | 17 | - | €1,178,775 | +€1.2m | |
| Financial debts | 170/4 | - | €1,178,775 | +€1.2m | |
| Amounts payable within one year | 42/48 | €618,940 | €1,098,662 | +€479,721 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €367 | €3,275 | +€2,908 | +792.8% |
| Suppliers | 440/4 | €367 | €3,275 | +€2,908 | +792.8% |
| Other amounts payable | 47/48 | €618,574 | €895,386 | +€276,813 | +44.8% |
| Accrued charges and deferred income | 492/3 | €692 | €1,059 | +€367 | +53.1% |
| Other operating charges | 640/8 | €647 | €1,378 | +€731 | +112.9% |
| Gross operating margin | 9900 | -€1,433 | -€5,187 | -€3,755 | -262.1% |
| Operating profit (loss) | 9901 | -€2,080 | -€6,565 | -€4,486 | -215.7% |
| Financial charges | 65/66B | €18,151 | €93,594 | +€75,443 | +415.6% |
| Recurring financial charges | 65 | €18,151 | €93,594 | +€75,443 | +415.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,230 | -€100,159 | -€79,929 | -395.1% |
| Profit (loss) for the period | 9904 | -€20,230 | -€100,159 | -€79,929 | -395.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,230 | -€100,159 | -€79,929 | -395.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.