I-J: 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.
I-J
Largest movements
- Tangible fixed assets +€61,170
up €61,170 (+654%), from €9,347 to €70,517
of which Furniture and vehicles: +€61,556
- Cash -€19,477
down €19,477 (-80.0%), from €24,358 to €4,881
mainly Investment in fixed assets (net) (-€70,840) and Other debts (-€11,302)
- Debts after one year +€44,537
new in 2025: €44,537
- Reserves +€24,200
up €24,200 (+299%), from €8,084 to €32,284
of which Distributable reserves: +€24,200
- Other debts -€11,302
no longer reported in 2025 (was €11,302)
- Profit (loss) carried forward -€10,677
down €10,677 (-341%), from -€3,134 to -€13,811
- Tax, wage and social debts -€7,381
no longer reported in 2025 (was €7,381)
- Depreciation +€7,084
up €7,084 (+274%), from €2,586 to €9,670
- Other operating charges +€6,233
up €6,233 (+142%), from €4,400 to €10,633
- Financial charges +€3,063
new in 2025: €3,063
- Taxes +€1,847
new in 2025: €1,847
- Gross operating margin +€1,326
up €1,326 (+10.0%), from €13,210 to €14,536
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 | €36,143 | €78,652 | +€42,509 | +118% |
| Fixed assets | 21/28 | €9,347 | €70,517 | +€61,170 | +654% |
| Tangible fixed assets | 22/27 | €9,347 | €70,517 | +€61,170 | +654% |
| Plant, machinery and equipment | 23 | €547 | €161 | -€386 | -70.6% |
| Furniture and vehicles | 24 | €8,800 | €70,356 | +€61,556 | +700% |
| Current assets | 29/58 | €26,795 | €8,135 | -€18,660 | -69.6% |
| Stocks and contracts in progress | 3 | €1,992 | €2,265 | +€273 | +13.7% |
| Stocks | 30/36 | €1,992 | €2,265 | +€273 | +13.7% |
| Amounts receivable within one year | 40/41 | - | €529 | +€529 | |
| Other amounts receivable | 41 | - | €529 | +€529 | |
| Cash at bank and in hand | 54/58 | €24,358 | €4,881 | -€19,477 | -80.0% |
| Deferred charges and accrued income | 490/1 | €445 | €459 | +€14 | +3.2% |
| Total equity and liabilities | 10/49 | €36,143 | €78,652 | +€42,509 | +118% |
| Equity | 10/15 | €11,150 | €24,673 | +€13,523 | +121% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,084 | €32,284 | +€24,200 | +299% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,224 | €30,424 | +€24,200 | +389% |
| Profit (loss) carried forward | 14 | -€3,134 | -€13,811 | -€10,677 | -341% |
| Amounts payable | 17/49 | €24,993 | €53,979 | +€28,986 | +116% |
| Amounts payable after more than one year | 17 | - | €44,537 | +€44,537 | |
| Financial debts | 170/4 | - | €44,537 | +€44,537 | |
| Amounts payable within one year | 42/48 | €21,793 | €9,442 | -€12,351 | -56.7% |
| Trade debts | 44 | €3,110 | €9,442 | +€6,332 | +204% |
| Suppliers | 440/4 | €3,110 | €9,442 | +€6,332 | +204% |
| Taxes, remuneration and social security | 45 | €7,381 | - | -€7,381 | |
| Taxes | 450/3 | €7,381 | - | -€7,381 | |
| Other amounts payable | 47/48 | €11,302 | - | -€11,302 | |
| Accrued charges and deferred income | 492/3 | €3,200 | - | -€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,586 | €9,670 | +€7,084 | +274% |
| Other operating charges | 640/8 | €4,400 | €10,633 | +€6,233 | +142% |
| Gross operating margin | 9900 | €13,210 | €14,536 | +€1,326 | +10.0% |
| Operating profit (loss) | 9901 | €6,224 | -€5,767 | -€11,991 | |
| Financial charges | 65/66B | - | €3,063 | +€3,063 | |
| Recurring financial charges | 65 | - | €3,063 | +€3,063 | |
| Profit (loss) for the period before taxes | 9903 | €6,224 | -€8,830 | -€15,053 | |
| Income taxes | 67/77 | - | €1,847 | +€1,847 | |
| Profit (loss) for the period | 9904 | €6,224 | -€10,677 | -€16,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,224 | -€10,677 | -€16,901 |
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 20 October 2026 via checked.be.