GOOD MORNING: what changed
GOOD MORNING
Largest movements
- Deferred charges and accrued income +€8,254
up €8,254 (+207%), from €3,993 to €12,247
- Tangible fixed assets +€1,134
up €1,134 (+60.0%), from €1,890 to €3,024
- Trade debts +€6,355
up €6,355 (+122%), from €5,208 to €11,564
- Other debts +€2,125
up €2,125 (+10.3%), from €20,671 to €22,797
- Accrued charges and deferred income -€1,100
no longer reported in 2025 (was €1,100)
- Tax, wage and social debts +€1,082
up €1,082 (+149%), from €727 to €1,809
- Profit (loss) carried forward +€749
up €749 (+1.2%), from -€64,394 to -€63,646
- Depreciation +€503
up €503 (+90.0%), from €559 to €1,062
- Financial income -€338
down €338 (-63.5%), from €533 to €195
- Gross operating margin +€287
up €287 (+14.5%), from €1,984 to €2,271
- Other operating charges -€273
down €273 (-30.9%), from €882 to €610
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,590 | €33,801 | +€9,211 | +37.5% |
| Fixed assets | 21/28 | €2,299 | €3,433 | +€1,134 | +49.3% |
| Tangible fixed assets | 22/27 | €1,890 | €3,024 | +€1,134 | +60.0% |
| Furniture and vehicles | 24 | €1,890 | €3,024 | +€1,134 | +60.0% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €22,290 | €30,368 | +€8,077 | +36.2% |
| Cash at bank and in hand | 54/58 | €18,297 | €18,121 | -€176 | -1.0% |
| Deferred charges and accrued income | 490/1 | €3,993 | €12,247 | +€8,254 | +207% |
| Total equity and liabilities | 10/49 | €24,590 | €33,801 | +€9,211 | +37.5% |
| Equity | 10/15 | -€3,117 | -€2,369 | +€749 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,677 | €42,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,817 | €40,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,394 | -€63,646 | +€749 | +1.2% |
| Amounts payable | 17/49 | €27,707 | €36,169 | +€8,462 | +30.5% |
| Amounts payable within one year | 42/48 | €26,607 | €36,169 | +€9,562 | +35.9% |
| Trade debts | 44 | €5,208 | €11,564 | +€6,355 | +122% |
| Suppliers | 440/4 | €5,208 | €11,564 | +€6,355 | +122% |
| Taxes, remuneration and social security | 45 | €727 | €1,809 | +€1,082 | +149% |
| Taxes | 450/3 | €727 | €1,809 | +€1,082 | +149% |
| Other amounts payable | 47/48 | €20,671 | €22,797 | +€2,125 | +10.3% |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €1,062 | +€503 | +90.0% |
| Other operating charges | 640/8 | €882 | €610 | -€273 | -30.9% |
| Gross operating margin | 9900 | €1,984 | €2,271 | +€287 | +14.5% |
| Operating profit (loss) | 9901 | €542 | €599 | +€56 | +10.4% |
| Financial income | 75/76B | €533 | €195 | -€338 | -63.5% |
| Recurring financial income | 75 | €533 | €195 | -€338 | -63.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,031 | €749 | -€282 | -27.4% |
| Profit (loss) for the period | 9904 | €1,031 | €749 | -€282 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,031 | €749 | -€282 | -27.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.