MOTHERBOARD: 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.
MOTHERBOARD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€76,769
up €76,769 (+5.1%), from €1.5m to €1.6m
- Reserves -€41,173
down €41,173 (-3.0%), from €1.4m to €1.3m
- Trade debts -€37,464
down €37,464 (-47.9%), from €78,135 to €40,671
- Turnover -€141,102
down €141,102 (-37.3%), from €378,000 to €236,898
- Services and other goods -€125,653
down €125,653 (-35.6%), from €352,571 to €226,918
- Financial charges -€22,078
down €22,078 (-31.3%), from €70,517 to €48,440
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 | €3,346,813 | €3,344,945 | -€1,868 | -0.1% |
| Fixed assets | 21/28 | €3,300,000 | €3,300,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,300,000 | €3,300,000 | = | 0.0% |
| Affiliated companies | 280/1 | €3,300,000 | €3,300,000 | = | 0.0% |
| Participating interests | 280 | €3,300,000 | €3,300,000 | = | 0.0% |
| Current assets | 29/58 | €46,813 | €44,945 | -€1,868 | -4.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €45,748 | €44,945 | -€803 | -1.8% |
| Trade receivables | 40 | €29,870 | €39,890 | +€10,020 | +33.5% |
| Other amounts receivable | 41 | €15,878 | €5,055 | -€10,823 | -68.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,065 | €0 | -€1,065 | -100% |
| Total equity and liabilities | 10/49 | €3,346,813 | €3,344,945 | -€1,868 | -0.1% |
| Equity | 10/15 | €1,777,785 | €1,736,612 | -€41,173 | -2.3% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,377,785 | €1,336,612 | -€41,173 | -3.0% |
| Distributable reserves | 133 | €1,377,785 | €1,336,612 | -€41,173 | -3.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,569,028 | €1,608,333 | +€39,305 | +2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Subordinated loans | 170 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,569,028 | €1,608,333 | +€39,305 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €78,135 | €40,671 | -€37,464 | -47.9% |
| Suppliers | 440/4 | €78,135 | €40,671 | -€37,464 | -47.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,490,893 | €1,567,662 | +€76,769 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €378,000 | €236,898 | -€141,102 | -37.3% |
| Turnover | 70 | €378,000 | €236,898 | -€141,102 | -37.3% |
| Operating charges | 60/66A | €353,553 | €229,631 | -€123,922 | -35.1% |
| Services and other goods | 61 | €352,571 | €226,918 | -€125,653 | -35.6% |
| Other operating charges | 640/8 | €982 | €2,714 | +€1,732 | +176% |
| Operating profit (loss) | 9901 | €24,447 | €7,266 | -€17,181 | -70.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Financial charges | 65/66B | €70,517 | €48,440 | -€22,078 | -31.3% |
| Recurring financial charges | 65 | €70,517 | €48,440 | -€22,078 | -31.3% |
| Debt charges | 650 | €64,080 | €48,043 | -€16,037 | -25.0% |
| Other financial charges | 652/9 | €6,437 | €397 | -€6,040 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€46,070 | -€41,173 | +€4,897 | +10.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€46,070 | -€41,173 | +€4,897 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,070 | -€41,173 | +€4,897 | +10.6% |
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.