KEEP IN TOUCH: 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.
KEEP IN TOUCH
Largest movements
- Current investments -€92,338
down €92,338 (-65.6%), from €140,765 to €48,427
- Deferred charges and accrued income -€90,346
down €90,346 (-77.5%), from €116,595 to €26,250
- Tangible fixed assets +€4,425
up €4,425 (+31.0%), from €14,297 to €18,722
of which Other tangible fixed assets: +€4,463
- Receivables within one year +€4,037
up €4,037 (+84.3%), from €4,791 to €8,829
of which Other amounts receivable: +€3,643
- Accrued charges and deferred income -€113,357
down €113,357 (-92.2%), from €122,957 to €9,600
- Profit (loss) carried forward -€26,808
new in 2025: -€26,808
- Trade debts -€13,701
down €13,701 (-50.5%), from €27,153 to €13,452
- Other debts -€10,727
no longer reported in 2025 (was €10,727)
- Tax, wage and social debts -€9,695
down €9,695 (-66.4%), from €14,594 to €4,898
- Gross operating margin -€27,020
down €27,020, from €21,033 to -€5,987
- Staff costs +€12,312
up €12,312 (+2,469%), from €499 to €12,811
- Taxes -€5,685
down €5,685 (-97.5%), from €5,832 to €147
- Financial charges +€1,952
up €1,952 (+130%), from €1,504 to €3,456
- Depreciation +€1,798
up €1,798 (+102%), from €1,764 to €3,562
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 | €277,681 | €103,393 | -€174,288 | -62.8% |
| Fixed assets | 21/28 | €15,358 | €19,783 | +€4,425 | +28.8% |
| Tangible fixed assets | 22/27 | €14,297 | €18,722 | +€4,425 | +31.0% |
| Plant, machinery and equipment | 23 | €2,342 | €2,304 | -€38 | -1.6% |
| Other tangible fixed assets | 26 | €11,954 | €16,418 | +€4,463 | +37.3% |
| Financial fixed assets | 28 | €1,061 | €1,061 | = | 0.0% |
| Current assets | 29/58 | €262,324 | €83,610 | -€178,714 | -68.1% |
| Amounts receivable within one year | 40/41 | €4,791 | €8,829 | +€4,037 | +84.3% |
| Trade receivables | 40 | €2,171 | €2,565 | +€394 | +18.2% |
| Other amounts receivable | 41 | €2,620 | €6,264 | +€3,643 | +139% |
| Current investments | 50/53 | €140,765 | €48,427 | -€92,338 | -65.6% |
| Cash at bank and in hand | 54/58 | €171 | €105 | -€67 | -39.0% |
| Deferred charges and accrued income | 490/1 | €116,595 | €26,250 | -€90,346 | -77.5% |
| Total equity and liabilities | 10/49 | €277,681 | €103,393 | -€174,288 | -62.8% |
| Equity | 10/15 | €102,251 | €75,443 | -€26,808 | -26.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,659 | €83,659 | = | 0.0% |
| Distributable reserves | 133 | €83,659 | €83,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,808 | -€26,808 | |
| Amounts payable | 17/49 | €175,430 | €27,950 | -€147,480 | -84.1% |
| Amounts payable within one year | 42/48 | €52,473 | €18,350 | -€34,124 | -65.0% |
| Trade debts | 44 | €27,153 | €13,452 | -€13,701 | -50.5% |
| Suppliers | 440/4 | €27,153 | €13,452 | -€13,701 | -50.5% |
| Taxes, remuneration and social security | 45 | €14,594 | €4,898 | -€9,695 | -66.4% |
| Taxes | 450/3 | €14,594 | €4,898 | -€9,695 | -66.4% |
| Other amounts payable | 47/48 | €10,727 | - | -€10,727 | |
| Accrued charges and deferred income | 492/3 | €122,957 | €9,600 | -€113,357 | -92.2% |
| Non-recurring operating income | 76A | €9,010 | - | -€9,010 | |
| Remuneration, social security and pensions | 62 | €499 | €12,811 | +€12,312 | +2,469% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €3,562 | +€1,798 | +102% |
| Other operating charges | 640/8 | €1,741 | €867 | -€874 | -50.2% |
| Gross operating margin | 9900 | €21,033 | -€5,987 | -€27,020 | |
| Operating profit (loss) | 9901 | €17,029 | -€23,227 | -€40,256 | |
| Financial income | 75/76B | €2 | €22 | +€20 | +990% |
| Recurring financial income | 75 | €2 | €22 | +€20 | +990% |
| Financial charges | 65/66B | €1,504 | €3,456 | +€1,952 | +130% |
| Recurring financial charges | 65 | €1,504 | €3,456 | +€1,952 | +130% |
| Profit (loss) for the period before taxes | 9903 | €15,527 | -€26,661 | -€42,188 | |
| Income taxes | 67/77 | €5,832 | €147 | -€5,685 | -97.5% |
| Profit (loss) for the period | 9904 | €9,695 | -€26,808 | -€36,503 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,695 | -€26,808 | -€36,503 |
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 18 October 2026 via checked.be.