HOAX: 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.
HOAX
Largest movements
- Cash -€74,242
down €74,242 (-54.9%), from €135,128 to €60,886
mainly Net result for the year (-€60,679) and Accrued charges and deferred income (-€9,000)
- Stocks and contracts -€7,000
down €7,000 (-100%), from €7,000 to €0
- Intangible fixed assets -€4,045
down €4,045 (-100%), from €4,045 to €0
- Tangible fixed assets -€1,951
down €1,951 (-27.1%), from €7,191 to €5,240
of which Furniture and vehicles: -€1,244
- Profit (loss) carried forward -€60,679
down €60,679 (-77.7%), from -€78,076 to -€138,755
- Accrued charges and deferred income -€9,000
down €9,000 (-100%), from €9,000 to €0
- Trade debts -€7,521
down €7,521 (-87.1%), from €8,632 to €1,112
- Debts after one year -€7,004
down €7,004 (-34.5%), from €20,281 to €13,277
- Tax, wage and social debts -€4,996
down €4,996 (-28.0%), from €17,848 to €12,851
of which Remuneration and social security: -€6,724
- Gross operating margin +€12,504
up €12,504 (+80.6%), from -€15,504 to -€3,001
- Staff costs +€6,136
up €6,136 (+14.1%), from €43,506 to €49,642
- Depreciation -€1,596
down €1,596 (-21.0%), from €7,592 to €5,996
- Financial charges +€601
up €601 (+167%), from €360 to €961
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 | €175,701 | €86,502 | -€89,199 | -50.8% |
| Fixed assets | 21/28 | €11,485 | €5,490 | -€5,996 | -52.2% |
| Intangible fixed assets | 21 | €4,045 | €0 | -€4,045 | -100% |
| Tangible fixed assets | 22/27 | €7,191 | €5,240 | -€1,951 | -27.1% |
| Plant, machinery and equipment | 23 | €1,980 | €1,273 | -€707 | -35.7% |
| Furniture and vehicles | 24 | €5,210 | €3,967 | -€1,244 | -23.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €164,216 | €81,012 | -€83,203 | -50.7% |
| Stocks and contracts in progress | 3 | €7,000 | €0 | -€7,000 | -100% |
| Contracts in progress | 37 | €7,000 | €0 | -€7,000 | -100% |
| Amounts receivable within one year | 40/41 | €20,773 | €19,426 | -€1,347 | -6.5% |
| Trade receivables | 40 | €18,863 | €19,236 | +€373 | +2.0% |
| Other amounts receivable | 41 | €1,910 | €190 | -€1,720 | -90.1% |
| Cash at bank and in hand | 54/58 | €135,128 | €60,886 | -€74,242 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,315 | €700 | -€615 | -46.8% |
| Total equity and liabilities | 10/49 | €175,701 | €86,502 | -€89,199 | -50.8% |
| Equity | 10/15 | €117,574 | €56,895 | -€60,679 | -51.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €177,100 | €177,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €175,245 | €175,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,076 | -€138,755 | -€60,679 | -77.7% |
| Amounts payable | 17/49 | €58,127 | €29,607 | -€28,521 | -49.1% |
| Amounts payable after more than one year | 17 | €20,281 | €13,277 | -€7,004 | -34.5% |
| Financial debts | 170/4 | €20,281 | €13,277 | -€7,004 | -34.5% |
| Amounts payable within one year | 42/48 | €28,846 | €16,329 | -€12,517 | -43.4% |
| Trade debts | 44 | €8,632 | €1,112 | -€7,521 | -87.1% |
| Suppliers | 440/4 | €8,632 | €1,112 | -€7,521 | -87.1% |
| Taxes, remuneration and social security | 45 | €17,848 | €12,851 | -€4,996 | -28.0% |
| Taxes | 450/3 | €79 | €1,807 | +€1,728 | +2,194% |
| Remuneration and social security | 454/9 | €17,769 | €11,045 | -€6,724 | -37.8% |
| Other amounts payable | 47/48 | €2,366 | €2,366 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | €43,506 | €49,642 | +€6,136 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,592 | €5,996 | -€1,596 | -21.0% |
| Other operating charges | 640/8 | €1,059 | €1,087 | +€28 | +2.7% |
| Non-recurring operating charges | 66A | €144 | - | -€144 | |
| Gross operating margin | 9900 | -€15,504 | -€3,001 | +€12,504 | +80.6% |
| Operating profit (loss) | 9901 | -€67,806 | -€59,726 | +€8,080 | +11.9% |
| Financial income | 75/76B | €131 | €9 | -€122 | -93.1% |
| Recurring financial income | 75 | €131 | €9 | -€122 | -93.1% |
| Financial charges | 65/66B | €360 | €961 | +€601 | +167% |
| Recurring financial charges | 65 | €360 | €961 | +€601 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€68,035 | -€60,679 | +€7,356 | +10.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€68,035 | -€60,679 | +€7,356 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,035 | -€60,679 | +€7,356 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.