MY EXPERTISE: what changed
MY EXPERTISE
Largest movements
- Cash -€32,760
down €32,760 (-93.1%), from €35,199 to €2,439
mainly Contributions, distributions and other (-€27,500) and Trade debts (-€7,521)
- Intangible fixed assets -€7,248
down €7,248 (-78.0%), from €9,292 to €2,044
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Receivables within one year -€1,443
down €1,443 (-55.5%), from €2,603 to €1,160
of which Trade receivables: -€1,348
- Reserves -€30,688
down €30,688 (-89.9%), from €34,134 to €3,446
- Trade debts -€7,521
down €7,521 (-75.8%), from €9,917 to €2,396
- Tax, wage and social debts -€1,024
down €1,024 (-77.3%), from €1,325 to €301
- Gross operating margin -€11,268
down €11,268 (-70.5%), from €15,972 to €4,705
- Depreciation -€1,774
down €1,774 (-19.7%), from €9,022 to €7,248
- Taxes -€1,324
down €1,324 (-99.9%), from €1,324 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,376 | €8,142 | -€39,233 | -82.8% |
| Fixed assets | 21/28 | €9,574 | €2,044 | -€7,530 | -78.7% |
| Intangible fixed assets | 21 | €9,292 | €2,044 | -€7,248 | -78.0% |
| Tangible fixed assets | 22/27 | €282 | €0 | -€282 | -100% |
| Plant, machinery and equipment | 23 | €282 | €0 | -€282 | -100% |
| Current assets | 29/58 | €37,802 | €6,099 | -€31,703 | -83.9% |
| Amounts receivable within one year | 40/41 | €2,603 | €1,160 | -€1,443 | -55.5% |
| Trade receivables | 40 | €2,508 | €1,160 | -€1,348 | -53.8% |
| Other amounts receivable | 41 | €95 | €0 | -€95 | -100% |
| Cash at bank and in hand | 54/58 | €35,199 | €2,439 | -€32,760 | -93.1% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €47,376 | €8,142 | -€39,233 | -82.8% |
| Equity | 10/15 | €36,134 | €5,446 | -€30,688 | -84.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,134 | €3,446 | -€30,688 | -89.9% |
| Distributable reserves | 133 | €34,134 | €3,446 | -€30,688 | -89.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,242 | €2,696 | -€8,545 | -76.0% |
| Amounts payable within one year | 42/48 | €11,242 | €2,696 | -€8,545 | -76.0% |
| Trade debts | 44 | €9,917 | €2,396 | -€7,521 | -75.8% |
| Suppliers | 440/4 | €9,917 | €2,396 | -€7,521 | -75.8% |
| Taxes, remuneration and social security | 45 | €1,325 | €301 | -€1,024 | -77.3% |
| Taxes | 450/3 | €1,325 | €301 | -€1,024 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,022 | €7,248 | -€1,774 | -19.7% |
| Other operating charges | 640/8 | €396 | €400 | +€4 | +1.0% |
| Non-recurring operating charges | 66A | - | €282 | +€282 | |
| Gross operating margin | 9900 | €15,972 | €4,705 | -€11,268 | -70.5% |
| Operating profit (loss) | 9901 | €6,555 | -€3,225 | -€9,780 | |
| Financial income | 75/76B | €62 | €78 | +€17 | +27.0% |
| Recurring financial income | 75 | €62 | €78 | +€17 | +27.0% |
| Financial charges | 65/66B | €47 | €40 | -€6 | -13.1% |
| Recurring financial charges | 65 | €47 | €40 | -€6 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €6,570 | -€3,187 | -€9,757 | |
| Income taxes | 67/77 | €1,324 | €1 | -€1,324 | -99.9% |
| Profit (loss) for the period | 9904 | €5,245 | -€3,188 | -€8,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,245 | -€3,188 | -€8,434 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.