Green Text: 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.
Green Text
Largest movements
- Current investments -€19,862
down €19,862 (-14.1%), from €141,243 to €121,380
- Cash -€16,673
down €16,673 (-52.8%), from €31,561 to €14,888
mainly Other debts (-€39,240) and Trade debts (-€4,841)
- Receivables within one year -€10,124
down €10,124 (-54.4%), from €18,609 to €8,484
of which Trade receivables: -€10,374
- Deferred charges and accrued income +€2,625
up €2,625 (+350.8%), from €748 to €3,374
- Other debts -€39,240
down €39,240 (-58.1%), from €67,520 to €28,280
- Trade debts -€4,841
down €4,841 (-100.0%), from €4,841 to €0
- Reserves -€2,203
down €2,203 (-2.0%), from €111,677 to €109,474
- Gross operating margin -€9,553
down €9,553, from €6,299 to -€3,254
- Taxes -€2,227
down €2,227 (-91.2%), from €2,442 to €216
- Other operating charges -€1,523
down €1,523 (-100.0%), from €1,523 to €0
- Financial income -€521
down €521 (-28.2%), from €1,846 to €1,325
- Financial charges -€130
down €130 (-40.7%), from €319 to €189
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 | €192,161 | €148,126 | -€44,035 | -22.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €192,161 | €148,126 | -€44,035 | -22.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,609 | €8,484 | -€10,124 | -54.4% |
| Trade receivables | 40 | €14,669 | €4,295 | -€10,374 | -70.7% |
| Other amounts receivable | 41 | €3,939 | €4,189 | +€250 | +6.3% |
| Current investments | 50/53 | €141,243 | €121,380 | -€19,862 | -14.1% |
| Cash at bank and in hand | 54/58 | €31,561 | €14,888 | -€16,673 | -52.8% |
| Deferred charges and accrued income | 490/1 | €748 | €3,374 | +€2,625 | +350.8% |
| Total equity and liabilities | 10/49 | €192,161 | €148,126 | -€44,035 | -22.9% |
| Equity | 10/15 | €118,008 | €115,674 | -€2,334 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,677 | €109,474 | -€2,203 | -2.0% |
| Distributable reserves | 133 | €111,677 | €109,474 | -€2,203 | -2.0% |
| Profit (loss) carried forward | 14 | €131 | €0 | -€131 | -100.0% |
| Amounts payable | 17/49 | €74,153 | €32,452 | -€41,700 | -56.2% |
| Amounts payable within one year | 42/48 | €74,153 | €32,452 | -€41,700 | -56.2% |
| Trade debts | 44 | €4,841 | €0 | -€4,841 | -100.0% |
| Suppliers | 440/4 | €4,841 | €0 | -€4,841 | -100.0% |
| Advances received on contracts in progress | 46 | - | €1,614 | +€1,614 | |
| Taxes, remuneration and social security | 45 | €1,791 | €2,558 | +€766 | +42.8% |
| Taxes | 450/3 | €1,791 | €2,558 | +€766 | +42.8% |
| Other amounts payable | 47/48 | €67,520 | €28,280 | -€39,240 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €0 | -€0 | -100.0% |
| Other operating charges | 640/8 | €1,523 | €0 | -€1,523 | -100.0% |
| Gross operating margin | 9900 | €6,299 | -€3,254 | -€9,553 | |
| Operating profit (loss) | 9901 | €4,776 | -€3,254 | -€8,030 | |
| Financial income | 75/76B | €1,846 | €1,325 | -€521 | -28.2% |
| Recurring financial income | 75 | €1,846 | €1,325 | -€521 | -28.2% |
| Financial charges | 65/66B | €319 | €189 | -€130 | -40.7% |
| Recurring financial charges | 65 | €319 | €189 | -€130 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €6,303 | -€2,118 | -€8,421 | |
| Income taxes | 67/77 | €2,442 | €216 | -€2,227 | -91.2% |
| Profit (loss) for the period | 9904 | €3,860 | -€2,334 | -€6,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,860 | -€2,334 | -€6,195 |
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 4 October 2026 via checked.be.