Hot Seat: 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.
Hot Seat
Largest movements
- Cash -€10,663
down €10,663 (-37.7%), from €28,259 to €17,596
mainly Contributions, distributions and other (-€8,406) and Trade debts (-€3,892)
- Deferred charges and accrued income -€1,566
down €1,566 (-78.4%), from €1,998 to €433
- Receivables within one year -€1,422
down €1,422 (-25.7%), from €5,540 to €4,118
of which Trade receivables: -€3,478
- Reserves -€8,406
down €8,406 (-28.7%), from €29,243 to €20,836
- Trade debts -€3,892
down €3,892 (-65.7%), from €5,925 to €2,033
- Profit (loss) carried forward -€1,895
new in 2025: -€1,895
- Tax, wage and social debts +€366
up €366 (+227%), from €161 to €528
- Gross operating margin -€6,308
down €6,308, from €5,265 to -€1,043
- Taxes -€1,539
no longer reported in 2025 (was €1,539)
- Other operating charges +€379
up €379 (+254%), from €149 to €528
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 | €36,069 | €22,179 | -€13,889 | -38.5% |
| Fixed assets | 21/28 | €272 | €33 | -€238 | -87.7% |
| Tangible fixed assets | 22/27 | €272 | €33 | -€238 | -87.7% |
| Furniture and vehicles | 24 | €272 | €33 | -€238 | -87.7% |
| Current assets | 29/58 | €35,797 | €22,146 | -€13,651 | -38.1% |
| Amounts receivable within one year | 40/41 | €5,540 | €4,118 | -€1,422 | -25.7% |
| Trade receivables | 40 | €3,579 | €101 | -€3,478 | -97.2% |
| Other amounts receivable | 41 | €1,961 | €4,017 | +€2,056 | +105% |
| Cash at bank and in hand | 54/58 | €28,259 | €17,596 | -€10,663 | -37.7% |
| Deferred charges and accrued income | 490/1 | €1,998 | €433 | -€1,566 | -78.4% |
| Total equity and liabilities | 10/49 | €36,069 | €22,179 | -€13,889 | -38.5% |
| Equity | 10/15 | €29,743 | €19,441 | -€10,301 | -34.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €29,243 | €20,836 | -€8,406 | -28.7% |
| Distributable reserves | 133 | €29,243 | €20,836 | -€8,406 | -28.7% |
| Profit (loss) carried forward | 14 | - | -€1,895 | -€1,895 | |
| Amounts payable | 17/49 | €6,326 | €2,738 | -€3,588 | -56.7% |
| Amounts payable within one year | 42/48 | €6,326 | €2,738 | -€3,588 | -56.7% |
| Trade debts | 44 | €5,925 | €2,033 | -€3,892 | -65.7% |
| Suppliers | 440/4 | €5,925 | €2,033 | -€3,892 | -65.7% |
| Taxes, remuneration and social security | 45 | €161 | €528 | +€366 | +227% |
| Taxes | 450/3 | €161 | €528 | +€366 | +227% |
| Other amounts payable | 47/48 | €240 | €177 | -€62 | -26.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €238 | = | 0.0% |
| Other operating charges | 640/8 | €149 | €528 | +€379 | +254% |
| Gross operating margin | 9900 | €5,265 | -€1,043 | -€6,308 | |
| Operating profit (loss) | 9901 | €4,878 | -€1,809 | -€6,687 | |
| Financial income | 75/76B | €1 | €4 | +€4 | +429% |
| Recurring financial income | 75 | €1 | €4 | +€4 | +429% |
| Financial charges | 65/66B | €125 | €90 | -€36 | -28.3% |
| Recurring financial charges | 65 | €125 | €90 | -€36 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €4,753 | -€1,895 | -€6,648 | |
| Income taxes | 67/77 | €1,539 | - | -€1,539 | |
| Profit (loss) for the period | 9904 | €3,214 | -€1,895 | -€5,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,214 | -€1,895 | -€5,109 |
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 28 October 2026 via checked.be.