Growth Management Platform: 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.
Growth Management Platform
Largest movements
- Cash -€36,298
down €36,298 (-87.4%), from €41,510 to €5,212
mainly Contributions, distributions and other (-€32,000) and Tax, wage and social debts (-€15,920)
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tangible fixed assets -€6,925
down €6,925 (-20.7%), from €33,400 to €26,475
- Reserves -€41,814
down €41,814 (-58.9%), from €70,954 to €29,140
- Tax, wage and social debts -€15,920
down €15,920 (-97.7%), from €16,286 to €366
of which Taxes: -€15,920
- Debts after one year -€3,427
down €3,427 (-100%), from €3,427 to €0
- Current portion of long-term debt -€1,659
down €1,659 (-32.6%), from €5,086 to €3,427
- Gross operating margin +€7,015
up €7,015 (+80.8%), from -€8,687 to -€1,672
- Other operating charges -€4,016
down €4,016 (-78.0%), from €5,151 to €1,135
- Taxes +€106
up €106 (+41.1%), from €257 to €363
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 | €99,130 | €35,442 | -€63,688 | -64.2% |
| Fixed assets | 21/28 | €33,400 | €26,475 | -€6,925 | -20.7% |
| Tangible fixed assets | 22/27 | €33,400 | €26,475 | -€6,925 | -20.7% |
| Plant, machinery and equipment | 23 | €893 | €396 | -€496 | -55.6% |
| Furniture and vehicles | 24 | €13,294 | €9,841 | -€3,454 | -26.0% |
| Other tangible fixed assets | 26 | €19,213 | €16,238 | -€2,975 | -15.5% |
| Current assets | 29/58 | €65,730 | €8,967 | -€56,762 | -86.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €3,223 | €3,239 | +€16 | +0.5% |
| Trade receivables | 40 | €60 | €0 | -€60 | -100% |
| Other amounts receivable | 41 | €3,163 | €3,239 | +€76 | +2.4% |
| Cash at bank and in hand | 54/58 | €41,510 | €5,212 | -€36,298 | -87.4% |
| Deferred charges and accrued income | 490/1 | €996 | €516 | -€481 | -48.2% |
| Total equity and liabilities | 10/49 | €99,130 | €35,442 | -€63,688 | -64.2% |
| Equity | 10/15 | €72,954 | €31,140 | -€41,814 | -57.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,954 | €29,140 | -€41,814 | -58.9% |
| Distributable reserves | 133 | €70,954 | €29,140 | -€41,814 | -58.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,176 | €4,302 | -€21,874 | -83.6% |
| Amounts payable after more than one year | 17 | €3,427 | €0 | -€3,427 | -100% |
| Financial debts | 170/4 | €3,427 | €0 | -€3,427 | -100% |
| Amounts payable within one year | 42/48 | €22,749 | €4,302 | -€18,446 | -81.1% |
| Current portion of amounts payable after more than one year | 42 | €5,086 | €3,427 | -€1,659 | -32.6% |
| Trade debts | 44 | €1,377 | €509 | -€868 | -63.1% |
| Suppliers | 440/4 | €1,377 | €509 | -€868 | -63.1% |
| Taxes, remuneration and social security | 45 | €16,286 | €366 | -€15,920 | -97.7% |
| Taxes | 450/3 | €16,283 | €363 | -€15,920 | -97.8% |
| Remuneration and social security | 454/9 | €3 | €3 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,925 | €6,925 | = | 0.0% |
| Other operating charges | 640/8 | €5,151 | €1,135 | -€4,016 | -78.0% |
| Gross operating margin | 9900 | -€8,687 | -€1,672 | +€7,015 | +80.8% |
| Operating profit (loss) | 9901 | -€20,763 | -€9,732 | +€11,031 | +53.1% |
| Financial income | 75/76B | €518 | €571 | +€53 | +10.2% |
| Recurring financial income | 75 | €518 | €571 | +€53 | +10.2% |
| Financial charges | 65/66B | €340 | €290 | -€50 | -14.8% |
| Recurring financial charges | 65 | €340 | €290 | -€50 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,585 | -€9,451 | +€11,134 | +54.1% |
| Income taxes | 67/77 | €257 | €363 | +€106 | +41.1% |
| Profit (loss) for the period | 9904 | -€20,843 | -€9,814 | +€11,028 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,843 | -€9,814 | +€11,028 | +52.9% |
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 22 October 2026 via checked.be.