Level C: 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.
Level C
Largest movements
- Stocks and contracts -€296,725
no longer reported in 2025 (was €296,725)
- Other debts -€286,000
down €286,000 (-82.9%), from €344,814 to €58,814
- Profit (loss) carried forward -€42,589
down €42,589 (-24.9%), from -€171,381 to -€213,969
- Tax, wage and social debts +€31,820
up €31,820 (+760.1%), from €4,186 to €36,006
- Other operating charges +€184,745
up €184,745 (+10575.2%), from €1,747 to €186,492
- Write-downs -€129,427
new in 2025: -€129,427
- Gross operating margin -€37,733
down €37,733 (-71.9%), from €52,477 to €14,744
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 | €299,077 | €3,141 | -€295,936 | -98.9% |
| Current assets | 29/58 | €299,077 | €3,141 | -€295,936 | -98.9% |
| Stocks and contracts in progress | 3 | €296,725 | - | -€296,725 | |
| Stocks | 30/36 | €296,725 | - | -€296,725 | |
| Amounts receivable within one year | 40/41 | - | €68 | +€68 | |
| Other amounts receivable | 41 | - | €68 | +€68 | |
| Cash at bank and in hand | 54/58 | €2,352 | €3,073 | +€722 | +30.7% |
| Total equity and liabilities | 10/49 | €299,077 | €3,141 | -€295,936 | -98.9% |
| Equity | 10/15 | -€109,881 | -€152,469 | -€42,589 | -38.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,381 | -€213,969 | -€42,589 | -24.9% |
| Amounts payable | 17/49 | €408,957 | €155,610 | -€253,347 | -61.9% |
| Amounts payable after more than one year | 17 | €410 | €290 | -€120 | -29.3% |
| Other amounts payable | 178/9 | €410 | €290 | -€120 | -29.3% |
| Amounts payable within one year | 42/48 | €408,448 | €155,320 | -€253,128 | -62.0% |
| Trade debts | 44 | €59,448 | €60,500 | +€1,052 | +1.8% |
| Suppliers | 440/4 | €59,448 | €60,500 | +€1,052 | +1.8% |
| Taxes, remuneration and social security | 45 | €4,186 | €36,006 | +€31,820 | +760.1% |
| Taxes | 450/3 | €4,186 | €36,006 | +€31,820 | +760.1% |
| Other amounts payable | 47/48 | €344,814 | €58,814 | -€286,000 | -82.9% |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€129,427 | -€129,427 | |
| Other operating charges | 640/8 | €1,747 | €186,492 | +€184,745 | +10575.2% |
| Gross operating margin | 9900 | €52,477 | €14,744 | -€37,733 | -71.9% |
| Operating profit (loss) | 9901 | €50,730 | -€42,322 | -€93,051 | |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €289 | €340 | +€50 | +17.4% |
| Recurring financial charges | 65 | €289 | €340 | +€50 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €50,441 | -€42,589 | -€93,029 | |
| Profit (loss) for the period | 9904 | €50,441 | -€42,589 | -€93,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,441 | -€42,589 | -€93,029 |
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 4 October 2026 via checked.be.