More TV: 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.
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Largest movements
- Cash +€19,501
up €19,501 (+275%), from €7,090 to €26,590
mainly Net result for the year (+€16,423) and Depreciation (+€15,763)
- Current investments -€15,368
down €15,368 (-8.5%), from €180,702 to €165,334
- Tangible fixed assets -€11,469
down €11,469 (-24.2%), from €47,459 to €35,990
of which Furniture and vehicles: -€11,472
- Other debts -€21,766
down €21,766 (-93.1%), from €23,369 to €1,604
- Reserves +€16,423
up €16,423 (+7.8%), from €209,953 to €226,376
- Tax, wage and social debts -€4,464
down €4,464 (-77.2%), from €5,786 to €1,322
- Trade debts +€2,571
up €2,571 (+1,448%), from €178 to €2,748
- Gross operating margin -€60,560
down €60,560 (-60.8%), from €99,665 to €39,105
- Taxes -€12,907
down €12,907 (-65.0%), from €19,862 to €6,955
- Staff costs -€12,770
down €12,770 (-100%), from €12,770 to €0
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 | €252,171 | €244,485 | -€7,687 | -3.0% |
| Fixed assets | 21/28 | €47,459 | €35,990 | -€11,469 | -24.2% |
| Tangible fixed assets | 22/27 | €47,459 | €35,990 | -€11,469 | -24.2% |
| Plant, machinery and equipment | 23 | €12,581 | €12,584 | +€3 | 0.0% |
| Furniture and vehicles | 24 | €34,878 | €23,406 | -€11,472 | -32.9% |
| Current assets | 29/58 | €204,712 | €208,494 | +€3,782 | +1.8% |
| Amounts receivable within one year | 40/41 | €16,067 | €15,709 | -€358 | -2.2% |
| Trade receivables | 40 | €13,291 | €9,002 | -€4,289 | -32.3% |
| Other amounts receivable | 41 | €2,776 | €6,707 | +€3,931 | +142% |
| Current investments | 50/53 | €180,702 | €165,334 | -€15,368 | -8.5% |
| Cash at bank and in hand | 54/58 | €7,090 | €26,590 | +€19,501 | +275% |
| Deferred charges and accrued income | 490/1 | €853 | €860 | +€7 | +0.8% |
| Total equity and liabilities | 10/49 | €252,171 | €244,485 | -€7,687 | -3.0% |
| Equity | 10/15 | €222,353 | €238,776 | +€16,423 | +7.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €209,953 | €226,376 | +€16,423 | +7.8% |
| Distributable reserves | 133 | €209,953 | €226,376 | +€16,423 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,818 | €5,709 | -€24,109 | -80.9% |
| Amounts payable within one year | 42/48 | €29,818 | €5,709 | -€24,109 | -80.9% |
| Financial debts | 43 | €485 | €35 | -€450 | -92.8% |
| Credit institutions | 430/8 | €485 | €35 | -€450 | -92.8% |
| Trade debts | 44 | €178 | €2,748 | +€2,571 | +1,448% |
| Suppliers | 440/4 | €178 | €2,748 | +€2,571 | +1,448% |
| Taxes, remuneration and social security | 45 | €5,786 | €1,322 | -€4,464 | -77.2% |
| Taxes | 450/3 | €5,786 | €1,322 | -€4,464 | -77.2% |
| Other amounts payable | 47/48 | €23,369 | €1,604 | -€21,766 | -93.1% |
| Non-recurring operating income | 76A | €62 | €575 | +€513 | +826% |
| Remuneration, social security and pensions | 62 | €12,770 | €0 | -€12,770 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,529 | €15,763 | -€766 | -4.6% |
| Other operating charges | 640/8 | €611 | €564 | -€47 | -7.7% |
| Gross operating margin | 9900 | €99,665 | €39,105 | -€60,560 | -60.8% |
| Operating profit (loss) | 9901 | €69,755 | €22,778 | -€46,977 | -67.3% |
| Financial income | 75/76B | €883 | €713 | -€171 | -19.3% |
| Recurring financial income | 75 | €883 | €713 | -€171 | -19.3% |
| Financial charges | 65/66B | €195 | €113 | -€82 | -42.1% |
| Recurring financial charges | 65 | €195 | €113 | -€82 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €70,444 | €23,378 | -€47,065 | -66.8% |
| Income taxes | 67/77 | €19,862 | €6,955 | -€12,907 | -65.0% |
| Profit (loss) for the period | 9904 | €50,582 | €16,423 | -€34,159 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,582 | €16,423 | -€34,159 | -67.5% |
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.