It Is What It Is: 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.
It Is What It Is
Largest movements
- Cash +€17,427
up €17,427 (+218%), from €7,987 to €25,415
mainly Net result for the year (+€11,649) and Other debts (+€3,716)
- Receivables within one year -€644
down €644 (-100%), from €644 to €0
- Formation expenses -€438
down €438 (-62.5%), from €701 to €263
- Profit (loss) carried forward +€11,649
up €11,649 (+1,683%), from €692 to €12,341
- Other debts +€3,716
up €3,716 (+95.5%), from €3,892 to €7,608
- Trade debts +€1,138
up €1,138, from €0 to €1,138
- Gross operating margin +€21,595
up €21,595, from -€5,234 to €16,361
- Taxes +€1,696
up €1,696, from €0 to €1,696
- Other operating charges +€1,690
up €1,690 (+203%), from €834 to €2,524
- Depreciation +€383
up €383 (+689%), from €56 to €438
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 | €9,333 | €25,783 | +€16,450 | +176% |
| Formation expenses | 20 | €701 | €263 | -€438 | -62.5% |
| Current assets | 29/58 | €8,631 | €25,520 | +€16,888 | +196% |
| Amounts receivable within one year | 40/41 | €644 | €0 | -€644 | -100% |
| Trade receivables | 40 | €644 | €0 | -€644 | -100% |
| Cash at bank and in hand | 54/58 | €7,987 | €25,415 | +€17,427 | +218% |
| Deferred charges and accrued income | 490/1 | - | €105 | +€105 | |
| Total equity and liabilities | 10/49 | €9,333 | €25,783 | +€16,450 | +176% |
| Equity | 10/15 | €3,692 | €15,341 | +€11,649 | +316% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €692 | €12,341 | +€11,649 | +1,683% |
| Amounts payable | 17/49 | €5,641 | €10,442 | +€4,801 | +85.1% |
| Amounts payable within one year | 42/48 | €5,641 | €10,442 | +€4,801 | +85.1% |
| Trade debts | 44 | €0 | €1,138 | +€1,138 | |
| Suppliers | 440/4 | €0 | €1,138 | +€1,138 | |
| Taxes, remuneration and social security | 45 | €1,749 | €1,696 | -€53 | -3.0% |
| Taxes | 450/3 | €1,749 | €1,696 | -€53 | -3.0% |
| Other amounts payable | 47/48 | €3,892 | €7,608 | +€3,716 | +95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €438 | +€383 | +689% |
| Other operating charges | 640/8 | €834 | €2,524 | +€1,690 | +203% |
| Gross operating margin | 9900 | -€5,234 | €16,361 | +€21,595 | |
| Operating profit (loss) | 9901 | -€6,123 | €13,399 | +€19,522 | |
| Financial charges | 65/66B | €60 | €54 | -€6 | -9.3% |
| Recurring financial charges | 65 | €60 | €54 | -€6 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,183 | €13,345 | +€19,528 | |
| Income taxes | 67/77 | €0 | €1,696 | +€1,696 | |
| Profit (loss) for the period | 9904 | -€6,183 | €11,649 | +€17,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,183 | €11,649 | +€17,832 |
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 14 October 2026 via checked.be.