GROUP V2: 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.
GROUP V2
Largest movements
- Deferred charges and accrued income -€469
down €469 (-90.1%), from €521 to €52
- Cash -€88
down €88 (-9.3%), from €950 to €862
mainly Net result for the year (-€5,307) and Trade debts (-€186)
- Profit (loss) carried forward -€5,307
down €5,307 (-0.5%), from -€1.0m to -€1.0m
- Other debts +€4,936
up €4,936 (+0.6%), from €812,033 to €816,968
- Trade debts -€186
down €186 (-12.3%), from €1,507 to €1,321
- Financial charges -€54,879
down €54,879 (-99.8%), from €55,003 to €125
- Gross operating margin +€4,073
up €4,073 (+50.1%), from -€8,136 to -€4,064
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 | €1,547 | €990 | -€557 | -36.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,547 | €990 | -€557 | -36.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €76 | €76 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €76 | €76 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €950 | €862 | -€88 | -9.3% |
| Deferred charges and accrued income | 490/1 | €521 | €52 | -€469 | -90.1% |
| Total equity and liabilities | 10/49 | €1,547 | €990 | -€557 | -36.0% |
| Equity | 10/15 | -€811,993 | -€817,300 | -€5,307 | -0.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,021,993 | -€1,027,300 | -€5,307 | -0.5% |
| Amounts payable | 17/49 | €813,540 | €818,289 | +€4,750 | +0.6% |
| Amounts payable within one year | 42/48 | €813,540 | €818,289 | +€4,750 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,507 | €1,321 | -€186 | -12.3% |
| Suppliers | 440/4 | €1,507 | €1,321 | -€186 | -12.3% |
| Other amounts payable | 47/48 | €812,033 | €816,968 | +€4,936 | +0.6% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€8,136 | -€4,064 | +€4,073 | +50.1% |
| Operating profit (loss) | 9901 | -€9,222 | -€5,182 | +€4,040 | +43.8% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €55,003 | €125 | -€54,879 | -99.8% |
| Recurring financial charges | 65 | €55,003 | €125 | -€54,879 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€64,198 | -€5,307 | +€58,892 | +91.7% |
| Profit (loss) for the period | 9904 | -€64,198 | -€5,307 | +€58,892 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,198 | -€5,307 | +€58,892 | +91.7% |
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 14 October 2026 via checked.be.