I.A: what changed
I.A
Largest movements
- Cash +€15,552
up €15,552 (+147%), from €10,598 to €26,150
mainly Trade debts (+€74,113) and Other debts (+€4,207)
- Receivables within one year +€13,200
up €13,200 (+146%), from €9,035 to €22,235
of which Other amounts receivable: +€16,575
- Trade debts +€74,113
up €74,113 (+18,092%), from €410 to €74,522
- Profit (loss) carried forward -€52,768
down €52,768, from €10,479 to -€42,288
- Other debts +€4,207
up €4,207 (+1,982%), from €212 to €4,419
- Contributions +€3,000
new in 2025: €3,000
- Gross operating margin -€31,561
down €31,561, from €13,927 to -€17,634
- Staff costs +€31,489
up €31,489 (+914%), from €3,446 to €34,935
- Other operating charges +€198
new in 2025: €198
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 | €19,633 | €48,385 | +€28,752 | +146% |
| Current assets | 29/58 | €19,633 | €48,385 | +€28,752 | +146% |
| Amounts receivable within one year | 40/41 | €9,035 | €22,235 | +€13,200 | +146% |
| Trade receivables | 40 | €8,010 | €4,635 | -€3,375 | -42.1% |
| Other amounts receivable | 41 | €1,025 | €17,601 | +€16,575 | +1,617% |
| Cash at bank and in hand | 54/58 | €10,598 | €26,150 | +€15,552 | +147% |
| Total equity and liabilities | 10/49 | €19,633 | €48,385 | +€28,752 | +146% |
| Equity | 10/15 | €10,479 | -€39,288 | -€49,768 | |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €10,479 | -€42,288 | -€52,768 | |
| Amounts payable | 17/49 | €9,154 | €87,674 | +€78,520 | +858% |
| Amounts payable within one year | 42/48 | €9,154 | €87,674 | +€78,520 | +858% |
| Trade debts | 44 | €410 | €74,522 | +€74,113 | +18,092% |
| Suppliers | 440/4 | €410 | €74,522 | +€74,113 | +18,092% |
| Taxes, remuneration and social security | 45 | €8,532 | €8,732 | +€200 | +2.3% |
| Taxes | 450/3 | €5,215 | - | -€5,215 | |
| Remuneration and social security | 454/9 | €3,317 | €8,732 | +€5,415 | +163% |
| Other amounts payable | 47/48 | €212 | €4,419 | +€4,207 | +1,982% |
| Remuneration, social security and pensions | 62 | €3,446 | €34,935 | +€31,489 | +914% |
| Other operating charges | 640/8 | - | €198 | +€198 | |
| Gross operating margin | 9900 | €13,927 | -€17,634 | -€31,561 | |
| Operating profit (loss) | 9901 | €10,481 | -€52,767 | -€63,248 | |
| Financial charges | 65/66B | €2 | €1 | -€1 | -45.1% |
| Recurring financial charges | 65 | €2 | €1 | -€1 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €10,479 | -€52,768 | -€63,247 | |
| Profit (loss) for the period | 9904 | €10,479 | -€52,768 | -€63,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,479 | -€52,768 | -€63,247 |
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.