LOOK A BIRD: 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.
LOOK A BIRD
Largest movements
- Receivables within one year -€5,460
down €5,460 (-38.8%), from €14,083 to €8,623
of which Trade receivables: -€8,295
- Cash -€2,102
down €2,102 (-98.0%), from €2,145 to €43
mainly Net result for the year (-€16,910) and Tax, wage and social debts (-€3,388)
- Deferred charges and accrued income +€394
up €394, from €0 to €394
- Formation expenses -€217
down €217 (-32.3%), from €672 to €455
- Profit (loss) carried forward -€13,437
down €13,437, from €0 to -€13,437
- Other debts +€10,591
new in 2025: €10,591
- Reserves -€3,474
down €3,474 (-100%), from €3,474 to €0
- Tax, wage and social debts -€3,388
down €3,388 (-58.2%), from €5,821 to €2,433
of which Taxes: -€3,603
- Trade debts +€2,278
up €2,278 (+87.4%), from €2,606 to €4,884
- Gross operating margin -€25,326
down €25,326, from €11,265 to -€14,062
- Taxes -€2,885
down €2,885 (-94.2%), from €3,064 to €179
- Other operating charges +€897
up €897, from €0 to €897
- Financial charges +€234
up €234 (+17.7%), from €1,322 to €1,556
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 | €16,900 | €9,515 | -€7,385 | -43.7% |
| Formation expenses | 20 | €672 | €455 | -€217 | -32.3% |
| Current assets | 29/58 | €16,228 | €9,060 | -€7,168 | -44.2% |
| Amounts receivable within one year | 40/41 | €14,083 | €8,623 | -€5,460 | -38.8% |
| Trade receivables | 40 | €14,005 | €5,711 | -€8,295 | -59.2% |
| Other amounts receivable | 41 | €78 | €2,913 | +€2,835 | +3,642% |
| Cash at bank and in hand | 54/58 | €2,145 | €43 | -€2,102 | -98.0% |
| Deferred charges and accrued income | 490/1 | €0 | €394 | +€394 | |
| Total equity and liabilities | 10/49 | €16,900 | €9,515 | -€7,385 | -43.7% |
| Equity | 10/15 | €8,474 | -€8,437 | -€16,910 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,474 | €0 | -€3,474 | -100% |
| Distributable reserves | 133 | €3,474 | €0 | -€3,474 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€13,437 | -€13,437 | |
| Amounts payable | 17/49 | €8,426 | €17,952 | +€9,526 | +113% |
| Amounts payable within one year | 42/48 | €8,426 | €17,952 | +€9,526 | +113% |
| Financial debts | 43 | - | €45 | +€45 | |
| Credit institutions | 430/8 | - | €45 | +€45 | |
| Trade debts | 44 | €2,606 | €4,884 | +€2,278 | +87.4% |
| Suppliers | 440/4 | €2,606 | €4,884 | +€2,278 | +87.4% |
| Taxes, remuneration and social security | 45 | €5,821 | €2,433 | -€3,388 | -58.2% |
| Taxes | 450/3 | €5,821 | €2,218 | -€3,603 | -61.9% |
| Remuneration and social security | 454/9 | - | €215 | +€215 | |
| Other amounts payable | 47/48 | - | €10,591 | +€10,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €217 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €897 | +€897 | |
| Gross operating margin | 9900 | €11,265 | -€14,062 | -€25,326 | |
| Operating profit (loss) | 9901 | €11,048 | -€15,176 | -€26,224 | |
| Financial income | 75/76B | €83 | €1 | -€83 | -99.3% |
| Recurring financial income | 75 | €83 | €1 | -€83 | -99.3% |
| Financial charges | 65/66B | €1,322 | €1,556 | +€234 | +17.7% |
| Recurring financial charges | 65 | €1,322 | €1,556 | +€234 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €9,809 | -€16,731 | -€26,541 | |
| Income taxes | 67/77 | €3,064 | €179 | -€2,885 | -94.2% |
| Profit (loss) for the period | 9904 | €6,745 | -€16,910 | -€23,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,745 | -€16,910 | -€23,656 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.