FRONT SEAT: 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.
FRONT SEAT
Largest movements
- Cash -€39,128
down €39,128 (-33.5%), from €116,895 to €77,767
mainly Contributions, distributions and other (-€42,429) and Investment in fixed assets (net) (-€34,313)
- Tangible fixed assets +€26,130
up €26,130 (+411%), from €6,356 to €32,486
- Receivables within one year +€5,772
up €5,772 (+15.5%), from €37,295 to €43,067
of which Trade receivables: +€3,606
- Reserves -€26,882
no longer reported in 2025 (was €26,882)
- Other debts +€20,160
up €20,160 (+18.9%), from €106,751 to €126,911
- Tax, wage and social debts +€17,074
up €17,074 (+340%), from €5,025 to €22,099
of which Remuneration and social security: +€16,740
- Profit (loss) carried forward -€15,500
down €15,500 (-99.7%), from €15,546 to €46
- Trade debts -€2,042
down €2,042 (-47.4%), from €4,307 to €2,265
- Depreciation +€3,972
up €3,972 (+94.3%), from €4,211 to €8,183
- Other operating charges +€797
up €797 (+653%), from €122 to €919
- Taxes -€766
down €766 (-47.9%), from €1,600 to €834
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 | €160,546 | €153,320 | -€7,226 | -4.5% |
| Fixed assets | 21/28 | €6,356 | €32,486 | +€26,130 | +411% |
| Tangible fixed assets | 22/27 | €6,356 | €32,486 | +€26,130 | +411% |
| Furniture and vehicles | 24 | €6,356 | €32,486 | +€26,130 | +411% |
| Current assets | 29/58 | €154,190 | €120,834 | -€33,356 | -21.6% |
| Amounts receivable within one year | 40/41 | €37,295 | €43,067 | +€5,772 | +15.5% |
| Trade receivables | 40 | €30,895 | €34,501 | +€3,606 | +11.7% |
| Other amounts receivable | 41 | €6,400 | €8,566 | +€2,166 | +33.8% |
| Cash at bank and in hand | 54/58 | €116,895 | €77,767 | -€39,128 | -33.5% |
| Total equity and liabilities | 10/49 | €160,546 | €153,320 | -€7,226 | -4.5% |
| Equity | 10/15 | €44,429 | €2,046 | -€42,383 | -95.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,882 | - | -€26,882 | |
| Distributable reserves | 133 | €26,882 | - | -€26,882 | |
| Profit (loss) carried forward | 14 | €15,546 | €46 | -€15,500 | -99.7% |
| Amounts payable | 17/49 | €116,118 | €151,274 | +€35,157 | +30.3% |
| Amounts payable within one year | 42/48 | €116,083 | €151,274 | +€35,191 | +30.3% |
| Trade debts | 44 | €4,307 | €2,265 | -€2,042 | -47.4% |
| Suppliers | 440/4 | €4,307 | €2,265 | -€2,042 | -47.4% |
| Taxes, remuneration and social security | 45 | €5,025 | €22,099 | +€17,074 | +340% |
| Taxes | 450/3 | €5,025 | €5,359 | +€334 | +6.6% |
| Remuneration and social security | 454/9 | - | €16,740 | +€16,740 | |
| Other amounts payable | 47/48 | €106,751 | €126,911 | +€20,160 | +18.9% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,211 | €8,183 | +€3,972 | +94.3% |
| Other operating charges | 640/8 | €122 | €919 | +€797 | +653% |
| Non-recurring operating charges | 66A | €692 | - | -€692 | |
| Gross operating margin | 9900 | €10,141 | €10,078 | -€63 | -0.6% |
| Operating profit (loss) | 9901 | €5,117 | €976 | -€4,140 | -80.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -96.5% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -96.5% |
| Financial charges | 65/66B | €171 | €96 | -€75 | -43.8% |
| Recurring financial charges | 65 | €171 | €96 | -€75 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €4,954 | €880 | -€4,074 | -82.2% |
| Income taxes | 67/77 | €1,600 | €834 | -€766 | -47.9% |
| Profit (loss) for the period | 9904 | €3,354 | €46 | -€3,308 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,354 | €46 | -€3,308 | -98.6% |
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 21 October 2026 via checked.be.