Further: 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.
Further
Largest movements
- Intangible fixed assets -€14,471
down €14,471 (-19.5%), from €74,170 to €59,699
- Receivables within one year -€2,971
down €2,971 (-23.7%), from €12,532 to €9,561
- Deferred charges and accrued income -€2,065
no longer reported in 2025 (was €2,065)
- Profit (loss) carried forward -€15,203
down €15,203, from €11,291 to -€3,912
- Tax, wage and social debts -€2,579
no longer reported in 2025 (was €2,579)
- Trade debts -€2,432
no longer reported in 2025 (was €2,432)
- Gross operating margin -€48,364
down €48,364, from €48,132 to -€232
- Taxes -€2,579
no longer reported in 2025 (was €2,579)
- Other operating charges -€1,677
no longer reported in 2025 (was €1,677)
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 | €90,012 | €69,798 | -€20,214 | -22.5% |
| Fixed assets | 21/28 | €75,132 | €60,237 | -€14,895 | -19.8% |
| Intangible fixed assets | 21 | €74,170 | €59,699 | -€14,471 | -19.5% |
| Tangible fixed assets | 22/27 | €962 | €538 | -€424 | -44.1% |
| Furniture and vehicles | 24 | €962 | €538 | -€424 | -44.1% |
| Current assets | 29/58 | €14,880 | €9,561 | -€5,319 | -35.7% |
| Amounts receivable within one year | 40/41 | €12,532 | €9,561 | -€2,971 | -23.7% |
| Other amounts receivable | 41 | €12,532 | €9,561 | -€2,971 | -23.7% |
| Cash at bank and in hand | 54/58 | €283 | - | -€283 | |
| Deferred charges and accrued income | 490/1 | €2,065 | - | -€2,065 | |
| Total equity and liabilities | 10/49 | €90,012 | €69,798 | -€20,214 | -22.5% |
| Equity | 10/15 | €85,001 | €69,798 | -€15,203 | -17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,110 | €55,110 | = | 0.0% |
| Distributable reserves | 133 | €55,110 | €55,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,291 | -€3,912 | -€15,203 | |
| Amounts payable | 17/49 | €5,011 | - | -€5,011 | |
| Amounts payable within one year | 42/48 | €5,011 | - | -€5,011 | |
| Trade debts | 44 | €2,432 | - | -€2,432 | |
| Suppliers | 440/4 | €2,432 | - | -€2,432 | |
| Taxes, remuneration and social security | 45 | €2,579 | - | -€2,579 | |
| Taxes | 450/3 | €2,579 | - | -€2,579 | |
| Non-recurring operating income | 76A | €5,370 | - | -€5,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,781 | €14,895 | +€114 | +0.8% |
| Other operating charges | 640/8 | €1,677 | - | -€1,677 | |
| Non-recurring operating charges | 66A | €21,586 | - | -€21,586 | |
| Gross operating margin | 9900 | €48,132 | -€232 | -€48,364 | |
| Operating profit (loss) | 9901 | €10,088 | -€15,127 | -€25,215 | |
| Financial charges | 65/66B | €72 | €76 | +€4 | +5.6% |
| Recurring financial charges | 65 | €72 | €76 | +€4 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €10,016 | -€15,203 | -€25,219 | |
| Income taxes | 67/77 | €2,579 | - | -€2,579 | |
| Profit (loss) for the period | 9904 | €7,437 | -€15,203 | -€22,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,437 | -€15,203 | -€22,640 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.