Mea Culpa: what changed
Mea Culpa
Largest movements
- Tangible fixed assets +€9,468
up €9,468 (+277%), from €3,419 to €12,886
- Intangible fixed assets -€6,500
down €6,500 (-52.2%), from €12,458 to €5,958
- Receivables within one year +€2,305
up €2,305 (+20.0%), from €11,547 to €13,852
of which Other amounts receivable: +€1,977
- Stocks and contracts +€1,550
up €1,550 (+30.5%), from €5,083 to €6,633
- Cash +€980
up €980 (+8.2%), from €11,994 to €12,973
mainly Other debts (+€28,705) and Debts after one year (+€18,709)
- Profit (loss) carried forward -€45,542
down €45,542 (-118%), from -€38,468 to -€84,010
- Other debts +€28,705
up €28,705 (+47.1%), from €60,902 to €89,606
- Debts after one year +€18,709
new in 2025: €18,709
- Current portion of long-term debt +€9,328
new in 2025: €9,328
- Trade debts -€3,090
down €3,090 (-93.6%), from €3,300 to €210
- Gross operating margin -€58,967
down €58,967, from €33,634 to -€25,333
- Other operating charges +€4,615
up €4,615 (+108%), from €4,284 to €8,899
- Financial charges +€1,008
up €1,008 (+46.3%), from €2,177 to €3,185
- Depreciation +€916
up €916 (+12.8%), from €7,171 to €8,087
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,701 | €53,185 | +€8,485 | +19.0% |
| Fixed assets | 21/28 | €16,077 | €19,045 | +€2,968 | +18.5% |
| Intangible fixed assets | 21 | €12,458 | €5,958 | -€6,500 | -52.2% |
| Tangible fixed assets | 22/27 | €3,419 | €12,886 | +€9,468 | +277% |
| Plant, machinery and equipment | 23 | €285 | €2,104 | +€1,819 | +639% |
| Furniture and vehicles | 24 | €3,134 | €6,090 | +€2,956 | +94.3% |
| Other tangible fixed assets | 26 | - | €4,692 | +€4,692 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €28,624 | €34,141 | +€5,517 | +19.3% |
| Stocks and contracts in progress | 3 | €5,083 | €6,633 | +€1,550 | +30.5% |
| Stocks | 30/36 | €5,083 | €6,633 | +€1,550 | +30.5% |
| Amounts receivable within one year | 40/41 | €11,547 | €13,852 | +€2,305 | +20.0% |
| Trade receivables | 40 | €5,642 | €5,970 | +€328 | +5.8% |
| Other amounts receivable | 41 | €5,906 | €7,883 | +€1,977 | +33.5% |
| Cash at bank and in hand | 54/58 | €11,994 | €12,973 | +€980 | +8.2% |
| Deferred charges and accrued income | 490/1 | - | €682 | +€682 | |
| Total equity and liabilities | 10/49 | €44,701 | €53,185 | +€8,485 | +19.0% |
| Equity | 10/15 | -€24,468 | -€70,010 | -€45,542 | -186% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,468 | -€84,010 | -€45,542 | -118% |
| Amounts payable | 17/49 | €69,169 | €123,196 | +€54,027 | +78.1% |
| Amounts payable after more than one year | 17 | - | €18,709 | +€18,709 | |
| Financial debts | 170/4 | - | €18,709 | +€18,709 | |
| Amounts payable within one year | 42/48 | €69,169 | €104,486 | +€35,318 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,328 | +€9,328 | |
| Financial debts | 43 | €700 | - | -€700 | |
| Credit institutions | 430/8 | €700 | - | -€700 | |
| Trade debts | 44 | €3,300 | €210 | -€3,090 | -93.6% |
| Suppliers | 440/4 | €3,300 | €210 | -€3,090 | -93.6% |
| Taxes, remuneration and social security | 45 | €4,267 | €5,342 | +€1,075 | +25.2% |
| Taxes | 450/3 | €4,267 | €5,342 | +€1,075 | +25.2% |
| Other amounts payable | 47/48 | €60,902 | €89,606 | +€28,705 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,171 | €8,087 | +€916 | +12.8% |
| Other operating charges | 640/8 | €4,284 | €8,899 | +€4,615 | +108% |
| Gross operating margin | 9900 | €33,634 | -€25,333 | -€58,967 | |
| Operating profit (loss) | 9901 | €22,178 | -€42,320 | -€64,498 | |
| Financial income | 75/76B | €52 | €77 | +€25 | +48.6% |
| Recurring financial income | 75 | €52 | €77 | +€25 | +48.6% |
| Financial charges | 65/66B | €2,177 | €3,185 | +€1,008 | +46.3% |
| Recurring financial charges | 65 | €2,177 | €3,185 | +€1,008 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €20,053 | -€45,427 | -€65,480 | |
| Income taxes | 67/77 | - | €115 | +€115 | |
| Profit (loss) for the period | 9904 | €20,053 | -€45,542 | -€65,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,053 | -€45,542 | -€65,595 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.