MARKET CONCEPT: 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.
MARKET CONCEPT
Largest movements
- Receivables within one year -€45,794
down €45,794 (-98.7%), from €46,407 to €612
of which Trade receivables: -€41,444
- Cash +€27,920
up €27,920 (+263,890%), from €11 to €27,930
mainly Receivables within one year (+€45,794) and Net result for the year (+€9,635)
- Deferred charges and accrued income -€1,439
no longer reported in 2025 (was €1,439)
- Trade debts -€13,831
no longer reported in 2025 (was €13,831)
- Other debts -€11,884
down €11,884 (-16.3%), from €73,060 to €61,176
- Profit (loss) carried forward +€9,635
up €9,635 (+15.4%), from -€62,528 to -€52,893
- Accrued charges and deferred income -€2,354
down €2,354 (-65.0%), from €3,621 to €1,266
- Tax, wage and social debts -€880
no longer reported in 2025 (was €880)
- Gross operating margin +€14,580
up €14,580, from -€13,747 to €832
- Financial income +€11,194
new in 2025: €11,194
of which Financial income: +€11,194
- Other operating charges +€732
up €732 (+48.9%), from €1,497 to €2,229
- Taxes -€431
no longer reported in 2025 (was €431)
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 | €47,856 | €28,542 | -€19,314 | -40.4% |
| Current assets | 29/58 | €47,856 | €28,542 | -€19,314 | -40.4% |
| Amounts receivable within one year | 40/41 | €46,407 | €612 | -€45,794 | -98.7% |
| Trade receivables | 40 | €41,444 | - | -€41,444 | |
| Other amounts receivable | 41 | €4,962 | €612 | -€4,350 | -87.7% |
| Cash at bank and in hand | 54/58 | €11 | €27,930 | +€27,920 | +263,890% |
| Deferred charges and accrued income | 490/1 | €1,439 | - | -€1,439 | |
| Total equity and liabilities | 10/49 | €47,856 | €28,542 | -€19,314 | -40.4% |
| Equity | 10/15 | -€43,535 | -€33,901 | +€9,635 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €393 | €393 | = | 0.0% |
| Non-distributable reserves | 130/1 | €393 | €393 | = | 0.0% |
| Reserves not available under the articles | 1311 | €393 | €393 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,528 | -€52,893 | +€9,635 | +15.4% |
| Amounts payable | 17/49 | €91,391 | €62,443 | -€28,949 | -31.7% |
| Amounts payable within one year | 42/48 | €87,771 | €61,176 | -€26,594 | -30.3% |
| Trade debts | 44 | €13,831 | - | -€13,831 | |
| Suppliers | 440/4 | €13,831 | - | -€13,831 | |
| Taxes, remuneration and social security | 45 | €880 | - | -€880 | |
| Taxes | 450/3 | €880 | - | -€880 | |
| Other amounts payable | 47/48 | €73,060 | €61,176 | -€11,884 | -16.3% |
| Accrued charges and deferred income | 492/3 | €3,621 | €1,266 | -€2,354 | -65.0% |
| Non-recurring operating income | 76A | - | €8,219 | +€8,219 | |
| Other operating charges | 640/8 | €1,497 | €2,229 | +€732 | +48.9% |
| Gross operating margin | 9900 | -€13,747 | €832 | +€14,580 | |
| Operating profit (loss) | 9901 | -€15,244 | -€1,397 | +€13,847 | +90.8% |
| Financial income | 75/76B | - | €11,194 | +€11,194 | |
| Recurring financial income | 75 | - | €11,194 | +€11,194 | |
| Non-recurring financial income | 76B | - | €11,194 | +€11,194 | |
| Financial charges | 65/66B | €164 | €162 | -€2 | -1.1% |
| Recurring financial charges | 65 | €164 | €162 | -€2 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,408 | €9,635 | +€25,043 | |
| Income taxes | 67/77 | €431 | - | -€431 | |
| Profit (loss) for the period | 9904 | -€15,839 | €9,635 | +€25,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,839 | €9,635 | +€25,474 |
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 21 October 2026 via checked.be.