Heading 4: what changed
Heading 4
Largest movements
- Receivables within one year -€4,104
down €4,104 (-25.7%), from €15,993 to €11,890
of which Trade receivables: -€4,416
- Cash +€3,352
up €3,352 (+38.5%), from €8,715 to €12,066
mainly Debts after one year (+€9,773) and Receivables within one year (+€4,104)
- Debts after one year +€9,773
up €9,773 (+59.6%), from €16,395 to €26,168
- Profit (loss) carried forward -€7,053
down €7,053 (-82.9%), from -€8,509 to -€15,562
- Trade debts -€3,157
down €3,157 (-47.8%), from €6,606 to €3,450
- Gross operating margin -€9,499
down €9,499, from €3,776 to -€5,723
- Taxes -€1,440
down €1,440 (-84.3%), from €1,708 to €268
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 | €24,708 | €24,051 | -€657 | -2.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €24,708 | €24,051 | -€657 | -2.7% |
| Amounts receivable within one year | 40/41 | €15,993 | €11,890 | -€4,104 | -25.7% |
| Trade receivables | 40 | €11,669 | €7,254 | -€4,416 | -37.8% |
| Other amounts receivable | 41 | €4,324 | €4,636 | +€312 | +7.2% |
| Cash at bank and in hand | 54/58 | €8,715 | €12,066 | +€3,352 | +38.5% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €24,708 | €24,051 | -€657 | -2.7% |
| Equity | 10/15 | €1,131 | -€5,922 | -€7,053 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €3,440 | €3,440 | = | 0.0% |
| Distributable reserves | 133 | €3,440 | €3,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,509 | -€15,562 | -€7,053 | -82.9% |
| Amounts payable | 17/49 | €23,577 | €29,973 | +€6,396 | +27.1% |
| Amounts payable after more than one year | 17 | €16,395 | €26,168 | +€9,773 | +59.6% |
| Other amounts payable | 178/9 | €16,395 | €26,168 | +€9,773 | +59.6% |
| Amounts payable within one year | 42/48 | €7,182 | €3,805 | -€3,378 | -47.0% |
| Trade debts | 44 | €6,606 | €3,450 | -€3,157 | -47.8% |
| Suppliers | 440/4 | €6,606 | €3,450 | -€3,157 | -47.8% |
| Taxes, remuneration and social security | 45 | €576 | €355 | -€221 | -38.3% |
| Taxes | 450/3 | €576 | €355 | -€221 | -38.3% |
| Non-recurring operating income | 76A | €3,406 | - | -€3,406 | |
| Other operating charges | 640/8 | €647 | €658 | +€11 | +1.8% |
| Gross operating margin | 9900 | €3,776 | -€5,723 | -€9,499 | |
| Operating profit (loss) | 9901 | €3,129 | -€6,381 | -€9,510 | |
| Financial charges | 65/66B | €397 | €403 | +€6 | +1.6% |
| Recurring financial charges | 65 | €397 | €403 | +€6 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €2,732 | -€6,784 | -€9,516 | |
| Income taxes | 67/77 | €1,708 | €268 | -€1,440 | -84.3% |
| Profit (loss) for the period | 9904 | €1,024 | -€7,053 | -€8,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,024 | -€7,053 | -€8,077 |
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 4 November 2026 via checked.be.