INDIRECTION LEVEL: what changed
Two fiscal 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.
INDIRECTION LEVEL
Largest movements
- Cash -€4,540
down €4,540 (-63.3%), from €7,171 to €2,632
mainly Tax, wage and social debts (-€10,626) and Trade debts (-€129)
- Tax, wage and social debts -€10,626
down €10,626 (-77.5%), from €13,708 to €3,081
of which Taxes: -€8,333
- Other debts +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€1,216
up €1,216 (+0.9%), from -€142,529 to -€141,314
- Gross operating margin -€19,037
down €19,037 (-89.6%), from €21,248 to €2,211
- Other operating charges -€871
down €871 (-68.5%), from €1,270 to €400
- Financial charges -€360
down €360 (-30.2%), from €1,193 to €834
- Financial income +€238
new in 2025: €238
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.
Cash bridge derived
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 | €24,056 | €19,517 | -€4,540 | -18.9% |
| Current assets | 29/58 | €24,056 | €19,517 | -€4,540 | -18.9% |
| Amounts receivable within one year | 40/41 | €16,885 | €16,885 | = | 0.0% |
| Trade receivables | 40 | €16,885 | €16,885 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,171 | €2,632 | -€4,540 | -63.3% |
| Total equity and liabilities | 10/49 | €24,056 | €19,517 | -€4,540 | -18.9% |
| Equity | 10/15 | €9,088 | €10,303 | +€1,216 | +13.4% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Outside capital | 11 | €118,600 | €118,600 | = | 0.0% |
| Other | 1109/19 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €33,017 | €33,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,157 | €31,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,529 | -€141,314 | +€1,216 | +0.9% |
| Amounts payable | 17/49 | €14,969 | €9,213 | -€5,756 | -38.5% |
| Amounts payable within one year | 42/48 | €14,969 | €9,213 | -€5,756 | -38.5% |
| Trade debts | 44 | €1,261 | €1,132 | -€129 | -10.3% |
| Suppliers | 440/4 | €1,261 | €388 | -€873 | -69.2% |
| Bills of exchange payable | 441 | - | €744 | +€744 | |
| Taxes, remuneration and social security | 45 | €13,708 | €3,081 | -€10,626 | -77.5% |
| Taxes | 450/3 | €9,677 | €1,344 | -€8,333 | -86.1% |
| Remuneration and social security | 454/9 | €4,031 | €1,737 | -€2,294 | -56.9% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €1,270 | €400 | -€871 | -68.5% |
| Gross operating margin | 9900 | €21,248 | €2,211 | -€19,037 | -89.6% |
| Operating profit (loss) | 9901 | €19,978 | €1,812 | -€18,166 | -90.9% |
| Financial income | 75/76B | - | €238 | +€238 | |
| Recurring financial income | 75 | - | €238 | +€238 | |
| Financial charges | 65/66B | €1,193 | €834 | -€360 | -30.2% |
| Recurring financial charges | 65 | €1,193 | €834 | -€360 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €18,785 | €1,216 | -€17,569 | -93.5% |
| Profit (loss) for the period | 9904 | €18,785 | €1,216 | -€17,569 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,785 | €1,216 | -€17,569 | -93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.