MEMO KONCEPT: 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.
MEMO KONCEPT
Largest movements
- Receivables within one year +€23,505
up €23,505 (+25.6%), from €91,928 to €115,433
of which Trade receivables: +€23,496
- Tangible fixed assets -€13,409
down €13,409 (-55.5%), from €24,165 to €10,755
of which Leasing and similar rights: -€8,675
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Deferred charges and accrued income -€4,531
down €4,531 (-58.4%), from €7,761 to €3,230
- Formation expenses +€4,343
new in 2025: €4,343
- Contributions +€70,000
up €70,000 (+171%), from €40,939 to €110,939
- Other debts -€29,094
down €29,094 (-99.3%), from €29,303 to €209
- Short-term financial debts -€17,058
down €17,058 (-25.3%), from €67,374 to €50,316
of which Other loans: -€20,000
- Profit (loss) carried forward -€15,949
down €15,949 (-13.0%), from -€122,632 to -€138,581
- Debts after one year -€11,921
down €11,921 (-26.6%), from €44,822 to €32,900
- Gross operating margin -€11,049
down €11,049 (-45.0%), from €24,564 to €13,514
- Other operating charges -€6,771
down €6,771 (-59.9%), from €11,304 to €4,532
- Depreciation +€4,676
up €4,676 (+39.8%), from €11,740 to €16,416
- Write-downs +€1,881
new in 2025: €1,881
- Financial charges -€618
down €618 (-8.5%), from €7,287 to €6,669
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,083 | €173,546 | +€10,462 | +6.4% |
| Formation expenses | 20 | - | €4,343 | +€4,343 | |
| Fixed assets | 21/28 | €30,875 | €16,727 | -€14,148 | -45.8% |
| Intangible fixed assets | 21 | €1,710 | €5,972 | +€4,261 | +249% |
| Tangible fixed assets | 22/27 | €24,165 | €10,755 | -€13,409 | -55.5% |
| Plant, machinery and equipment | 23 | €1,327 | €1,310 | -€17 | -1.3% |
| Furniture and vehicles | 24 | €4,718 | €0 | -€4,718 | -100% |
| Leasing and similar rights | 25 | €18,120 | €9,445 | -€8,675 | -47.9% |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €132,208 | €152,476 | +€20,268 | +15.3% |
| Stocks and contracts in progress | 3 | €32,519 | €33,812 | +€1,294 | +4.0% |
| Stocks | 30/36 | €32,519 | €33,812 | +€1,294 | +4.0% |
| Amounts receivable within one year | 40/41 | €91,928 | €115,433 | +€23,505 | +25.6% |
| Trade receivables | 40 | €91,906 | €115,401 | +€23,496 | +25.6% |
| Other amounts receivable | 41 | €22 | €32 | +€9 | +42.9% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €7,761 | €3,230 | -€4,531 | -58.4% |
| Total equity and liabilities | 10/49 | €163,083 | €173,546 | +€10,462 | +6.4% |
| Equity | 10/15 | -€53,333 | €718 | +€54,051 | |
| Contributions | 10/11 | €40,939 | €110,939 | +€70,000 | +171% |
| Reserves | 13 | €28,360 | €28,360 | = | 0.0% |
| Distributable reserves | 133 | €28,360 | €28,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,632 | -€138,581 | -€15,949 | -13.0% |
| Amounts payable | 17/49 | €216,416 | €172,828 | -€43,588 | -20.1% |
| Amounts payable after more than one year | 17 | €44,822 | €32,900 | -€11,921 | -26.6% |
| Financial debts | 170/4 | €44,822 | €32,900 | -€11,921 | -26.6% |
| Amounts payable within one year | 42/48 | €171,594 | €139,402 | -€32,192 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €12,836 | €9,461 | -€3,375 | -26.3% |
| Financial debts | 43 | €67,374 | €50,316 | -€17,058 | -25.3% |
| Credit institutions | 430/8 | €27,374 | €30,316 | +€2,942 | +10.7% |
| Other loans | 439 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Trade debts | 44 | €42,129 | €51,699 | +€9,570 | +22.7% |
| Suppliers | 440/4 | €42,129 | €51,699 | +€9,570 | +22.7% |
| Taxes, remuneration and social security | 45 | €19,951 | €27,717 | +€7,766 | +38.9% |
| Taxes | 450/3 | €19,951 | €27,717 | +€7,766 | +38.9% |
| Other amounts payable | 47/48 | €29,303 | €209 | -€29,094 | -99.3% |
| Accrued charges and deferred income | 492/3 | - | €525 | +€525 | |
| Non-recurring operating income | 76A | €8,760 | - | -€8,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,740 | €16,416 | +€4,676 | +39.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,881 | +€1,881 | |
| Other operating charges | 640/8 | €11,304 | €4,532 | -€6,771 | -59.9% |
| Gross operating margin | 9900 | €24,564 | €13,514 | -€11,049 | -45.0% |
| Operating profit (loss) | 9901 | €1,520 | -€9,315 | -€10,835 | |
| Financial income | 75/76B | €1 | €35 | +€34 | +2,636% |
| Recurring financial income | 75 | €1 | €35 | +€34 | +2,636% |
| Financial charges | 65/66B | €7,287 | €6,669 | -€618 | -8.5% |
| Recurring financial charges | 65 | €7,287 | €6,669 | -€618 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,766 | -€15,949 | -€10,183 | -177% |
| Profit (loss) for the period | 9904 | -€5,766 | -€15,949 | -€10,183 | -177% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,766 | -€15,949 | -€10,183 | -177% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.