INTERACTIVE PROJECT: 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.
INTERACTIVE PROJECT
Largest movements
- Cash +€63,098
up €63,098 (+450.4%), from €14,009 to €77,107
mainly Receivables within one year (+€62,473) and Depreciation (+€12,681)
- Receivables within one year -€62,473
down €62,473 (-93.3%), from €66,940 to €4,466
of which Other amounts receivable: -€59,966
- Tangible fixed assets -€12,681
down €12,681 (-9.2%), from €138,159 to €125,478
of which Land and buildings: -€10,493
- Profit (loss) carried forward -€18,476
down €18,476 (-37.2%), from -€49,718 to -€68,194
- Trade debts +€4,658
up €4,658 (+386.6%), from €1,205 to €5,863
- Debts after one year +€3,830
up €3,830 (+2.6%), from €149,273 to €153,103
- Accrued charges and deferred income -€2,230
down €2,230 (-17.8%), from €12,547 to €10,317
- Gross operating margin -€11,584
down €11,584 (-62.6%), from €18,508 to €6,924
- Financial charges -€2,292
down €2,292 (-17.9%), from €12,800 to €10,508
- Other operating charges -€891
down €891 (-23.0%), from €3,874 to €2,984
- Depreciation -€496
down €496 (-3.8%), from €13,176 to €12,681
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 | €221,987 | €209,171 | -€12,816 | -5.8% |
| Fixed assets | 21/28 | €138,159 | €125,478 | -€12,681 | -9.2% |
| Tangible fixed assets | 22/27 | €138,159 | €125,478 | -€12,681 | -9.2% |
| Land and buildings | 22 | €131,559 | €121,066 | -€10,493 | -8.0% |
| Plant, machinery and equipment | 23 | €989 | €495 | -€495 | -50.0% |
| Furniture and vehicles | 24 | €5,611 | €3,917 | -€1,693 | -30.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €83,828 | €83,693 | -€135 | -0.2% |
| Stocks and contracts in progress | 3 | €1,080 | €505 | -€575 | -53.3% |
| Stocks | 30/36 | €1,080 | €505 | -€575 | -53.3% |
| Amounts receivable within one year | 40/41 | €66,940 | €4,466 | -€62,473 | -93.3% |
| Trade receivables | 40 | €6,973 | €4,466 | -€2,507 | -36.0% |
| Other amounts receivable | 41 | €59,966 | €0 | -€59,966 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,009 | €77,107 | +€63,098 | +450.4% |
| Deferred charges and accrued income | 490/1 | €1,799 | €1,614 | -€185 | -10.3% |
| Total equity and liabilities | 10/49 | €221,987 | €209,171 | -€12,816 | -5.8% |
| Equity | 10/15 | €58,575 | €39,329 | -€19,246 | -32.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,131 | €2,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,131 | €2,131 | = | 0.0% |
| Legal reserve | 130 | €2,131 | €2,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,718 | -€68,194 | -€18,476 | -37.2% |
| Investment grants | 15 | €6,162 | €5,392 | -€770 | -12.5% |
| Amounts payable | 17/49 | €163,413 | €169,843 | +€6,430 | +3.9% |
| Amounts payable after more than one year | 17 | €149,273 | €153,103 | +€3,830 | +2.6% |
| Financial debts | 170/4 | €149,273 | €153,103 | +€3,830 | +2.6% |
| Amounts payable within one year | 42/48 | €1,592 | €6,423 | +€4,830 | +303.3% |
| Trade debts | 44 | €1,205 | €5,863 | +€4,658 | +386.6% |
| Suppliers | 440/4 | €1,205 | €5,863 | +€4,658 | +386.6% |
| Taxes, remuneration and social security | 45 | €387 | €559 | +€172 | +44.4% |
| Taxes | 450/3 | €387 | €559 | +€172 | +44.4% |
| Accrued charges and deferred income | 492/3 | €12,547 | €10,317 | -€2,230 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,176 | €12,681 | -€496 | -3.8% |
| Other operating charges | 640/8 | €3,874 | €2,984 | -€891 | -23.0% |
| Gross operating margin | 9900 | €18,508 | €6,924 | -€11,584 | -62.6% |
| Operating profit (loss) | 9901 | €1,457 | -€8,741 | -€10,198 | |
| Financial income | 75/76B | €770 | €774 | +€4 | +0.5% |
| Recurring financial income | 75 | €770 | €774 | +€4 | +0.5% |
| Financial charges | 65/66B | €12,800 | €10,508 | -€2,292 | -17.9% |
| Recurring financial charges | 65 | €12,800 | €10,508 | -€2,292 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,573 | -€18,475 | -€7,902 | -74.7% |
| Income taxes | 67/77 | €0 | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€10,573 | -€18,476 | -€7,903 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,573 | -€18,476 | -€7,903 | -74.7% |
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 29 September 2026 via checked.be.