Listen: 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.
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Largest movements
- Receivables within one year +€83,184
up €83,184 (+56.4%), from €147,490 to €230,674
of which Trade receivables: +€76,063
- Cash -€45,290
down €45,290 (-57.2%), from €79,121 to €33,831
mainly Net result for the year (-€104,371) and Receivables within one year (-€83,184)
- Deferred charges and accrued income -€23,055
down €23,055 (-57.7%), from €39,930 to €16,876
- Intangible fixed assets -€6,279
down €6,279 (-60.0%), from €10,467 to €4,188
- Debts within one year +€131,222
up €131,222 (+47.4%), from €276,563 to €407,785
of which Trade debts: +€141,375
- Profit (loss) carried forward -€104,371
down €104,371 (-618%), from -€16,889 to -€121,260
- Accrued charges and deferred income -€18,292
no longer reported in 2025 (was €18,292)
- Purchases and services -€159,287
down €159,287 (-15.9%), from €1.0m to €844,351
- Gross operating margin -€49,687
down €49,687 (-202%), from -€24,559 to -€74,246
- Financial income +€25,850
new in 2025: €25,850
of which Non-recurring financial income: +€25,850
- Turnover -€19,346
down €19,346 (-3.3%), from €595,127 to €575,781
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 | €277,966 | €286,526 | +€8,560 | +3.1% |
| Fixed assets | 21/28 | €11,425 | €5,145 | -€6,280 | -55.0% |
| Intangible fixed assets | 21 | €10,467 | €4,188 | -€6,279 | -60.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €958 | €958 | -€0 | 0.0% |
| Current assets | 29/58 | €266,541 | €281,380 | +€14,839 | +5.6% |
| Amounts receivable within one year | 40/41 | €147,490 | €230,674 | +€83,184 | +56.4% |
| Trade receivables | 40 | €58,202 | €134,265 | +€76,063 | +131% |
| Other amounts receivable | 41 | €89,288 | €96,409 | +€7,121 | +8.0% |
| Cash at bank and in hand | 54/58 | €79,121 | €33,831 | -€45,290 | -57.2% |
| Deferred charges and accrued income | 490/1 | €39,930 | €16,876 | -€23,055 | -57.7% |
| Total equity and liabilities | 10/49 | €277,966 | €286,526 | +€8,560 | +3.1% |
| Equity | 10/15 | -€16,889 | -€121,260 | -€104,371 | -618% |
| Profit (loss) carried forward | 14 | -€16,889 | -€121,260 | -€104,371 | -618% |
| Amounts payable | 17/49 | €294,855 | €407,785 | +€112,930 | +38.3% |
| Amounts payable within one year | 42/48 | €276,563 | €407,785 | +€131,222 | +47.4% |
| Trade debts | 44 | €90,444 | €231,819 | +€141,375 | +156% |
| Suppliers | 440/4 | €90,444 | €231,819 | +€141,375 | +156% |
| Taxes, remuneration and social security | 45 | €12,590 | €23,417 | +€10,827 | +86.0% |
| Taxes | 450/3 | - | €13,072 | +€13,072 | |
| Remuneration and social security | 454/9 | €12,590 | €10,345 | -€2,245 | -17.8% |
| Accrued charges and deferred income | 492/3 | €18,292 | - | -€18,292 | |
| Turnover | 70 | €595,127 | €575,781 | -€19,346 | -3.3% |
| Membership fees, donations, legacies and grants | 73 | €383,952 | €194,325 | -€189,627 | -49.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,003,638 | €844,351 | -€159,287 | -15.9% |
| Remuneration, social security and pensions | 62 | €49,904 | €44,118 | -€5,786 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,326 | €6,279 | +€3,953 | +170% |
| Other operating charges | 640/8 | €790 | €2,883 | +€2,093 | +265% |
| Gross operating margin | 9900 | -€24,559 | -€74,246 | -€49,687 | -202% |
| Operating profit (loss) | 9901 | -€77,579 | -€127,525 | -€49,946 | -64.4% |
| Financial income | 75/76B | - | €25,850 | +€25,850 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €25,850 | +€25,850 | |
| Financial charges | 65/66B | €4,127 | €2,695 | -€1,432 | -34.7% |
| Recurring financial charges | 65 | €4,127 | €2,695 | -€1,432 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€81,706 | -€104,371 | -€22,665 | -27.7% |
| Profit (loss) for the period | 9904 | -€81,706 | -€104,371 | -€22,665 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,706 | -€104,371 | -€22,665 | -27.7% |
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 16 October 2026 via checked.be.