IT MAKES SENSE: 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 MAKES SENSE
Largest movements
- Tangible fixed assets -€859
down €859 (-63.8%), from €1,346 to €487
- Cash +€320
new in 2025: €320
mainly Depreciation (+€859) and Other debts (+€381)
- Receivables within one year -€176
down €176 (-49.0%), from €359 to €183
of which Trade receivables: -€310
- Profit (loss) carried forward -€874
down €874 (-2.3%), from -€37,908 to -€38,782
- Other debts +€381
up €381 (+1.2%), from €32,687 to €33,068
- Trade debts -€229
down €229 (-31.2%), from €733 to €504
- Gross operating margin +€2,581
up €2,581, from -€2,515 to €66
- Depreciation -€1,114
down €1,114 (-56.5%), from €1,973 to €859
- Other operating charges -€375
down €375 (-96.9%), from €387 to €12
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 | €1,712 | €990 | -€722 | -42.2% |
| Fixed assets | 21/28 | €1,346 | €487 | -€859 | -63.8% |
| Tangible fixed assets | 22/27 | €1,346 | €487 | -€859 | -63.8% |
| Other tangible fixed assets | 26 | €1,346 | €487 | -€859 | -63.8% |
| Current assets | 29/58 | €366 | €503 | +€137 | +37.4% |
| Amounts receivable within one year | 40/41 | €359 | €183 | -€176 | -49.0% |
| Trade receivables | 40 | €324 | €14 | -€310 | -95.7% |
| Other amounts receivable | 41 | €35 | €169 | +€134 | +383% |
| Current investments | 50/53 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | - | €320 | +€320 | |
| Total equity and liabilities | 10/49 | €1,712 | €990 | -€722 | -42.2% |
| Equity | 10/15 | -€31,708 | -€32,582 | -€874 | -2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,908 | -€38,782 | -€874 | -2.3% |
| Amounts payable | 17/49 | €33,420 | €33,572 | +€152 | +0.5% |
| Amounts payable within one year | 42/48 | €33,420 | €33,572 | +€152 | +0.5% |
| Trade debts | 44 | €733 | €504 | -€229 | -31.2% |
| Suppliers | 440/4 | €733 | €504 | -€229 | -31.2% |
| Other amounts payable | 47/48 | €32,687 | €33,068 | +€381 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,973 | €859 | -€1,114 | -56.5% |
| Other operating charges | 640/8 | €387 | €12 | -€375 | -96.9% |
| Gross operating margin | 9900 | -€2,515 | €66 | +€2,581 | |
| Operating profit (loss) | 9901 | -€4,875 | -€805 | +€4,070 | +83.5% |
| Financial charges | 65/66B | €68 | €69 | +€1 | +1.5% |
| Recurring financial charges | 65 | €68 | €69 | +€1 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,943 | -€874 | +€4,069 | +82.3% |
| Profit (loss) for the period | 9904 | -€4,943 | -€874 | +€4,069 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,943 | -€874 | +€4,069 | +82.3% |
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 15 October 2026 via checked.be.