GROUND FIELD: 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.
GROUND FIELD
Largest movements
- Cash -€88,299
down €88,299 (-44.0%), from €200,691 to €112,392
mainly Contributions, distributions and other (-€260,235) and Tax, wage and social debts (-€11,712)
- Tangible fixed assets -€9,785
down €9,785 (-61.2%), from €15,996 to €6,211
- Reserves -€205,363
down €205,363 (-100.0%), from €205,363 to €0
- Other debts +€121,200
new in 2025: €121,200
- Tax, wage and social debts -€11,712
down €11,712 (-83.7%), from €13,990 to €2,279
of which Taxes: -€11,712
- Gross operating margin -€47,483
down €47,483 (-37.4%), from €127,019 to €79,536
- Taxes -€9,166
down €9,166 (-39.6%), from €23,137 to €13,971
- Depreciation -€6,650
down €6,650 (-40.5%), from €16,435 to €9,785
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 | €238,603 | €142,079 | -€96,524 | -40.5% |
| Fixed assets | 21/28 | €15,996 | €6,211 | -€9,785 | -61.2% |
| Tangible fixed assets | 22/27 | €15,996 | €6,211 | -€9,785 | -61.2% |
| Furniture and vehicles | 24 | €15,996 | €6,211 | -€9,785 | -61.2% |
| Current assets | 29/58 | €222,607 | €135,867 | -€86,739 | -39.0% |
| Amounts receivable within one year | 40/41 | €20,753 | €22,037 | +€1,284 | +6.2% |
| Trade receivables | 40 | €20,753 | €14,080 | -€6,673 | -32.2% |
| Other amounts receivable | 41 | €0 | €7,957 | +€7,957 | |
| Cash at bank and in hand | 54/58 | €200,691 | €112,392 | -€88,299 | -44.0% |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,438 | +€275 | +23.7% |
| Total equity and liabilities | 10/49 | €238,603 | €142,079 | -€96,524 | -40.5% |
| Equity | 10/15 | €223,963 | €18,600 | -€205,363 | -91.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,363 | €0 | -€205,363 | -100.0% |
| Distributable reserves | 133 | €205,363 | €0 | -€205,363 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,640 | €123,479 | +€108,839 | +743.4% |
| Amounts payable within one year | 42/48 | €13,990 | €123,479 | +€109,489 | +782.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,990 | €2,279 | -€11,712 | -83.7% |
| Taxes | 450/3 | €11,712 | €0 | -€11,712 | -100.0% |
| Remuneration and social security | 454/9 | €2,279 | €2,279 | = | 0.0% |
| Other amounts payable | 47/48 | - | €121,200 | +€121,200 | |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,435 | €9,785 | -€6,650 | -40.5% |
| Other operating charges | 640/8 | €1,026 | €768 | -€257 | -25.1% |
| Gross operating margin | 9900 | €127,019 | €79,536 | -€47,483 | -37.4% |
| Operating profit (loss) | 9901 | €109,558 | €68,983 | -€40,575 | -37.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1400.0% |
| Financial charges | 65/66B | €175 | €140 | -€35 | -20.0% |
| Recurring financial charges | 65 | €175 | €140 | -€35 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €109,383 | €68,844 | -€40,540 | -37.1% |
| Income taxes | 67/77 | €23,137 | €13,971 | -€9,166 | -39.6% |
| Profit (loss) for the period | 9904 | €86,247 | €54,873 | -€31,374 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,247 | €54,873 | -€31,374 | -36.4% |
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 9 October 2026 via checked.be.