M & L: 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.
M & L
Largest movements
- Cash +€4,520
new in 2025: €4,520
mainly Other debts (+€17,724) and Trade debts (+€743)
- Tangible fixed assets +€930
new in 2025: €930
- Other debts +€17,724
up €17,724 (+501.0%), from €3,538 to €21,262
- Profit (loss) carried forward -€13,478
down €13,478 (-243.4%), from -€5,538 to -€19,016
- Trade debts +€743
new in 2025: €743
- Tax, wage and social debts +€461
new in 2025: €461
- Gross operating margin -€7,474
down €7,474 (-135.0%), from -€5,538 to -€13,012
- Depreciation +€232
new in 2025: €232
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 | - | €5,450 | +€5,450 | |
| Fixed assets | 21/28 | - | €930 | +€930 | |
| Tangible fixed assets | 22/27 | - | €930 | +€930 | |
| Furniture and vehicles | 24 | - | €930 | +€930 | |
| Current assets | 29/58 | - | €4,520 | +€4,520 | |
| Cash at bank and in hand | 54/58 | - | €4,520 | +€4,520 | |
| Total equity and liabilities | 10/49 | - | €5,450 | +€5,450 | |
| Equity | 10/15 | -€3,538 | -€17,016 | -€13,478 | -380.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,538 | -€19,016 | -€13,478 | -243.4% |
| Amounts payable | 17/49 | €3,538 | €22,466 | +€18,928 | +535.0% |
| Amounts payable within one year | 42/48 | €3,538 | €22,466 | +€18,928 | +535.0% |
| Trade debts | 44 | - | €743 | +€743 | |
| Suppliers | 440/4 | - | €743 | +€743 | |
| Taxes, remuneration and social security | 45 | - | €461 | +€461 | |
| Taxes | 450/3 | - | €461 | +€461 | |
| Other amounts payable | 47/48 | €3,538 | €21,262 | +€17,724 | +501.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €232 | +€232 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€5,538 | -€13,012 | -€7,474 | -135.0% |
| Operating profit (loss) | 9901 | -€5,538 | -€13,364 | -€7,826 | -141.3% |
| Financial charges | 65/66B | - | €114 | +€114 | |
| Recurring financial charges | 65 | - | €114 | +€114 | |
| Profit (loss) for the period before taxes | 9903 | -€5,538 | -€13,478 | -€7,940 | -143.4% |
| Profit (loss) for the period | 9904 | -€5,538 | -€13,478 | -€7,940 | -143.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,538 | -€13,478 | -€7,940 | -143.4% |
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 8 October 2026 via checked.be.