MOVE & TRAIN: what changed
Two fiscal 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.
MOVE & TRAIN
Largest movements
- Cash +€54,363
up €54,363 (+353005.3%), from €15 to €54,378
mainly Debts after one year (+€75,000) and Other debts (+€48,425)
- Tangible fixed assets -€24,908
down €24,908 (-15.1%), from €164,908 to €140,000
- Debts after one year +€75,000
new in 2025: €75,000
- Profit (loss) carried forward -€49,467
down €49,467 (-471.5%), from -€10,492 to -€59,960
- Other debts +€48,425
up €48,425 (+74.0%), from €65,415 to €113,841
- Current portion of long-term debt -€44,093
down €44,093 (-44.1%), from €100,000 to €55,907
- Depreciation +€24,908
new in 2025: €24,908
- Financial charges +€7,935
up €7,935 (+306.0%), from €2,593 to €10,528
- Gross operating margin -€4,870
down €4,870 (-62.1%), from -€7,848 to -€12,718
- Other operating charges +€1,262
up €1,262 (+2448.5%), from €52 to €1,314
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.
Cash bridge derived
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 | €164,923 | €195,274 | +€30,351 | +18.4% |
| Fixed assets | 21/28 | €164,908 | €140,000 | -€24,908 | -15.1% |
| Tangible fixed assets | 22/27 | €164,908 | €140,000 | -€24,908 | -15.1% |
| Land and buildings | 22 | €164,908 | €140,000 | -€24,908 | -15.1% |
| Current assets | 29/58 | €15 | €55,274 | +€55,259 | +358822.7% |
| Amounts receivable within one year | 40/41 | - | €896 | +€896 | |
| Trade receivables | 40 | - | €896 | +€896 | |
| Cash at bank and in hand | 54/58 | €15 | €54,378 | +€54,363 | +353005.3% |
| Total equity and liabilities | 10/49 | €164,923 | €195,274 | +€30,351 | +18.4% |
| Equity | 10/15 | -€492 | -€49,960 | -€49,467 | -10046.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,492 | -€59,960 | -€49,467 | -471.5% |
| Amounts payable | 17/49 | €165,415 | €245,234 | +€79,818 | +48.3% |
| Amounts payable after more than one year | 17 | - | €75,000 | +€75,000 | |
| Financial debts | 170/4 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €165,415 | €170,234 | +€4,818 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €55,907 | -€44,093 | -44.1% |
| Trade debts | 44 | - | €486 | +€486 | |
| Suppliers | 440/4 | - | €486 | +€486 | |
| Other amounts payable | 47/48 | €65,415 | €113,841 | +€48,425 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,908 | +€24,908 | |
| Other operating charges | 640/8 | €52 | €1,314 | +€1,262 | +2448.5% |
| Gross operating margin | 9900 | -€7,848 | -€12,718 | -€4,870 | -62.1% |
| Operating profit (loss) | 9901 | -€7,899 | -€38,939 | -€31,040 | -392.9% |
| Financial charges | 65/66B | €2,593 | €10,528 | +€7,935 | +306.0% |
| Recurring financial charges | 65 | €2,593 | €10,528 | +€7,935 | +306.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,492 | -€49,467 | -€38,975 | -371.5% |
| Profit (loss) for the period | 9904 | -€10,492 | -€49,467 | -€38,975 | -371.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,492 | -€49,467 | -€38,975 | -371.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.