MISSION 45: 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.
MISSION 45
Largest movements
- Cash -€13,172
down €13,172 (-26.6%), from €49,555 to €36,383
mainly Investment in fixed assets (net) (-€14,269) and Net result for the year (-€12,422)
- Receivables within one year -€10,151
down €10,151 (-96.8%), from €10,492 to €341
of which Trade receivables: -€10,492
- Reserves -€12,422
down €12,422 (-16.3%), from €76,045 to €63,623
- Other debts -€6,000
down €6,000 (-49.1%), from €12,220 to €6,220
- Debts after one year -€5,251
down €5,251 (-22.4%), from €23,486 to €18,235
- Tax, wage and social debts -€2,058
down €2,058 (-93.6%), from €2,199 to €141
- Trade debts +€1,600
up €1,600 (+148%), from €1,085 to €2,685
- Gross operating margin -€103,491
down €103,491 (-95.7%), from €108,154 to €4,663
- Taxes -€10,908
down €10,908 (-98.7%), from €11,049 to €141
- Depreciation +€2,197
up €2,197 (+17.5%), from €12,527 to €14,725
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 | €129,828 | €106,049 | -€23,779 | -18.3% |
| Fixed assets | 21/28 | €69,781 | €69,325 | -€456 | -0.7% |
| Tangible fixed assets | 22/27 | €69,781 | €69,325 | -€456 | -0.7% |
| Land and buildings | 22 | €45,702 | €41,306 | -€4,396 | -9.6% |
| Plant, machinery and equipment | 23 | €6,795 | €3,407 | -€3,388 | -49.9% |
| Furniture and vehicles | 24 | €17,284 | €24,613 | +€7,328 | +42.4% |
| Current assets | 29/58 | €60,047 | €36,724 | -€23,323 | -38.8% |
| Amounts receivable within one year | 40/41 | €10,492 | €341 | -€10,151 | -96.8% |
| Trade receivables | 40 | €10,492 | €0 | -€10,492 | -100% |
| Other amounts receivable | 41 | - | €341 | +€341 | |
| Cash at bank and in hand | 54/58 | €49,555 | €36,383 | -€13,172 | -26.6% |
| Total equity and liabilities | 10/49 | €129,828 | €106,049 | -€23,779 | -18.3% |
| Equity | 10/15 | €86,045 | €73,623 | -€12,422 | -14.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €76,045 | €63,623 | -€12,422 | -16.3% |
| Distributable reserves | 133 | €76,045 | €63,623 | -€12,422 | -16.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €43,783 | €32,426 | -€11,358 | -25.9% |
| Amounts payable after more than one year | 17 | €23,486 | €18,235 | -€5,251 | -22.4% |
| Financial debts | 170/4 | €23,486 | €18,235 | -€5,251 | -22.4% |
| Amounts payable within one year | 42/48 | €20,297 | €14,191 | -€6,106 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €4,794 | €5,145 | +€351 | +7.3% |
| Trade debts | 44 | €1,085 | €2,685 | +€1,600 | +148% |
| Suppliers | 440/4 | €1,085 | €2,685 | +€1,600 | +148% |
| Taxes, remuneration and social security | 45 | €2,199 | €141 | -€2,058 | -93.6% |
| Taxes | 450/3 | €2,199 | €141 | -€2,058 | -93.6% |
| Other amounts payable | 47/48 | €12,220 | €6,220 | -€6,000 | -49.1% |
| Remuneration, social security and pensions | 62 | €642 | €0 | -€642 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,527 | €14,725 | +€2,197 | +17.5% |
| Other operating charges | 640/8 | €580 | €735 | +€156 | +26.9% |
| Gross operating margin | 9900 | €108,154 | €4,663 | -€103,491 | -95.7% |
| Operating profit (loss) | 9901 | €94,405 | -€10,797 | -€105,202 | |
| Financial charges | 65/66B | €2,245 | €1,483 | -€762 | -33.9% |
| Recurring financial charges | 65 | €2,245 | €1,483 | -€762 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €92,159 | -€12,281 | -€104,440 | |
| Income taxes | 67/77 | €11,049 | €141 | -€10,908 | -98.7% |
| Profit (loss) for the period | 9904 | €81,110 | -€12,422 | -€93,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,110 | -€12,422 | -€93,532 |
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 25 October 2026 via checked.be.