INTENTION STYLE: 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.
INTENTION STYLE
Largest movements
- Cash -€38,044
down €38,044 (-54.9%), from €69,249 to €31,205
mainly Contributions, distributions and other (-€34,067) and Other debts (-€17,807)
- Stocks and contracts -€4,333
down €4,333 (-34.6%), from €12,539 to €8,206
- Receivables within one year -€3,145
down €3,145 (-27.3%), from €11,499 to €8,354
of which Trade receivables: -€5,985
- Deferred charges and accrued income +€1,974
up €1,974 (+123%), from €1,600 to €3,574
- Reserves -€28,706
down €28,706 (-55.9%), from €51,337 to €22,631
- Other debts -€17,807
no longer reported in 2025 (was €17,807)
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts -€1,869
down €1,869 (-17.0%), from €10,978 to €9,109
of which Taxes: -€1,479
- Accrued charges and deferred income -€1,022
down €1,022 (-35.8%), from €2,852 to €1,830
- Gross operating margin -€38,324
down €38,324 (-62.5%), from €61,286 to €22,962
- Taxes -€9,095
down €9,095 (-56.6%), from €16,058 to €6,964
- Financial charges -€1,594
down €1,594 (-60.4%), from €2,640 to €1,046
- Other operating charges +€1,247
up €1,247 (+71.7%), from €1,740 to €2,987
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 | €97,642 | €53,492 | -€44,150 | -45.2% |
| Fixed assets | 21/28 | €2,755 | €2,153 | -€602 | -21.8% |
| Tangible fixed assets | 22/27 | €2,755 | €2,153 | -€602 | -21.8% |
| Plant, machinery and equipment | 23 | €459 | €129 | -€330 | -71.9% |
| Other tangible fixed assets | 26 | €2,297 | €2,024 | -€273 | -11.9% |
| Current assets | 29/58 | €94,887 | €51,339 | -€43,548 | -45.9% |
| Stocks and contracts in progress | 3 | €12,539 | €8,206 | -€4,333 | -34.6% |
| Stocks | 30/36 | €12,539 | €8,206 | -€4,333 | -34.6% |
| Amounts receivable within one year | 40/41 | €11,499 | €8,354 | -€3,145 | -27.3% |
| Trade receivables | 40 | €6,485 | €500 | -€5,985 | -92.3% |
| Other amounts receivable | 41 | €5,013 | €7,854 | +€2,841 | +56.7% |
| Cash at bank and in hand | 54/58 | €69,249 | €31,205 | -€38,044 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,600 | €3,574 | +€1,974 | +123% |
| Total equity and liabilities | 10/49 | €97,642 | €53,492 | -€44,150 | -45.2% |
| Equity | 10/15 | €63,737 | €41,231 | -€22,506 | -35.3% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €51,337 | €22,631 | -€28,706 | -55.9% |
| Distributable reserves | 133 | €51,337 | €22,631 | -€28,706 | -55.9% |
| Amounts payable | 17/49 | €33,906 | €12,262 | -€21,644 | -63.8% |
| Amounts payable within one year | 42/48 | €31,053 | €10,432 | -€20,622 | -66.4% |
| Trade debts | 44 | €2,269 | €1,322 | -€947 | -41.7% |
| Suppliers | 440/4 | €2,269 | €1,322 | -€947 | -41.7% |
| Taxes, remuneration and social security | 45 | €10,978 | €9,109 | -€1,869 | -17.0% |
| Taxes | 450/3 | €10,588 | €9,109 | -€1,479 | -14.0% |
| Remuneration and social security | 454/9 | €390 | - | -€390 | |
| Other amounts payable | 47/48 | €17,807 | - | -€17,807 | |
| Accrued charges and deferred income | 492/3 | €2,852 | €1,830 | -€1,022 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €602 | = | 0.0% |
| Other operating charges | 640/8 | €1,740 | €2,987 | +€1,247 | +71.7% |
| Gross operating margin | 9900 | €61,286 | €22,962 | -€38,324 | -62.5% |
| Operating profit (loss) | 9901 | €58,944 | €19,373 | -€39,571 | -67.1% |
| Financial income | 75/76B | €21 | €197 | +€176 | +854% |
| Recurring financial income | 75 | €21 | €197 | +€176 | +854% |
| Financial charges | 65/66B | €2,640 | €1,046 | -€1,594 | -60.4% |
| Recurring financial charges | 65 | €2,640 | €1,046 | -€1,594 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €56,325 | €18,524 | -€37,801 | -67.1% |
| Income taxes | 67/77 | €16,058 | €6,964 | -€9,095 | -56.6% |
| Profit (loss) for the period | 9904 | €40,267 | €11,561 | -€28,706 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,267 | €11,561 | -€28,706 | -71.3% |
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 23 October 2026 via checked.be.