Let's Talk Video: what changed
Let's Talk Video
Largest movements
- Intangible fixed assets +€84,766
up €84,766 (+168%), from €50,461 to €135,227
- Cash +€77,819
up €77,819 (+404%), from €19,256 to €97,075
mainly Contributions, distributions and other (+€144,506) and Other debts (+€79,182)
- Tangible fixed assets +€16,321
up €16,321 (+272%), from €6,000 to €22,321
- Stocks and contracts -€10,328
down €10,328 (-100%), from €10,328 to €0
- Receivables within one year -€2,901
down €2,901 (-59.4%), from €4,886 to €1,985
of which Other amounts receivable: -€2,901
- Investment grants +€144,506
new in 2025: €144,506
- Other debts +€79,182
up €79,182 (+263%), from €30,153 to €109,335
- Reserves -€50,480
down €50,480 (-100%), from €50,480 to €0
- Trade debts -€6,786
down €6,786 (-95.2%), from €7,127 to €341
- Accrued charges and deferred income +€4,241
up €4,241 (+473%), from €896 to €5,137
- Write-downs +€10,328
up €10,328, from €0 to €10,328
- Gross operating margin +€8,387
up €8,387 (+20.8%), from -€40,368 to -€31,981
- Depreciation +€4,729
new in 2025: €4,729
- Financial charges +€4,296
up €4,296 (+399%), from €1,076 to €5,372
- Other operating charges +€1,015
up €1,015 (+208%), from €489 to €1,504
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,931 | €257,938 | +€167,007 | +184% |
| Fixed assets | 21/28 | €56,461 | €157,548 | +€101,087 | +179% |
| Intangible fixed assets | 21 | €50,461 | €135,227 | +€84,766 | +168% |
| Tangible fixed assets | 22/27 | €6,000 | €22,321 | +€16,321 | +272% |
| Furniture and vehicles | 24 | €6,000 | €22,321 | +€16,321 | +272% |
| Current assets | 29/58 | €34,470 | €100,390 | +€65,921 | +191% |
| Stocks and contracts in progress | 3 | €10,328 | €0 | -€10,328 | -100% |
| Stocks | 30/36 | €10,328 | €0 | -€10,328 | -100% |
| Amounts receivable within one year | 40/41 | €4,886 | €1,985 | -€2,901 | -59.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,886 | €1,985 | -€2,901 | -59.4% |
| Cash at bank and in hand | 54/58 | €19,256 | €97,075 | +€77,819 | +404% |
| Deferred charges and accrued income | 490/1 | - | €1,331 | +€1,331 | |
| Total equity and liabilities | 10/49 | €90,931 | €257,938 | +€167,007 | +184% |
| Equity | 10/15 | €52,480 | €142,847 | +€90,367 | +172% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,480 | €0 | -€50,480 | -100% |
| Distributable reserves | 133 | €50,480 | €0 | -€50,480 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€3,659 | -€3,659 | |
| Investment grants | 15 | - | €144,506 | +€144,506 | |
| Amounts payable | 17/49 | €38,451 | €115,091 | +€76,640 | +199% |
| Amounts payable within one year | 42/48 | €37,555 | €109,954 | +€72,399 | +193% |
| Financial debts | 43 | €50 | €54 | +€4 | +8.0% |
| Other loans | 439 | €50 | €54 | +€4 | +8.0% |
| Trade debts | 44 | €7,127 | €341 | -€6,786 | -95.2% |
| Suppliers | 440/4 | €7,127 | €341 | -€6,786 | -95.2% |
| Taxes, remuneration and social security | 45 | €225 | €225 | -€0 | -0.1% |
| Taxes | 450/3 | €225 | €225 | -€0 | -0.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,153 | €109,335 | +€79,182 | +263% |
| Accrued charges and deferred income | 492/3 | €896 | €5,137 | +€4,241 | +473% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,729 | +€4,729 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €10,328 | +€10,328 | |
| Other operating charges | 640/8 | €489 | €1,504 | +€1,015 | +208% |
| Gross operating margin | 9900 | -€40,368 | -€31,981 | +€8,387 | +20.8% |
| Operating profit (loss) | 9901 | -€40,857 | -€48,542 | -€7,685 | -18.8% |
| Financial income | 75/76B | €1 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €1,076 | €5,372 | +€4,296 | +399% |
| Recurring financial charges | 65 | €1,076 | €5,372 | +€4,296 | +399% |
| Profit (loss) for the period before taxes | 9903 | -€41,933 | -€53,914 | -€11,981 | -28.6% |
| Income taxes | 67/77 | €0 | €225 | +€225 | |
| Profit (loss) for the period | 9904 | -€41,933 | -€54,138 | -€12,206 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,933 | -€54,138 | -€12,206 | -29.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.