Negotiatrix: 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.
Negotiatrix
Largest movements
- Cash -€31,420
down €31,420 (-38.5%), from €81,542 to €50,122
mainly Other debts (-€286,810) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets +€8,976
up €8,976 (+787.6%), from €1,140 to €10,116
of which Furniture and vehicles: +€8,611
- Other debts -€286,810
no longer reported in 2025 (was €286,810)
- Debts after one year +€230,872
new in 2025: €230,872
- Profit (loss) carried forward -€80,000
down €80,000 (-26.5%), from €301,928 to €221,928
- Reserves +€71,464
up €71,464 (+41.5%), from €172,369 to €243,832
- Current portion of long-term debt +€32,809
new in 2025: €32,809
- Gross operating margin -€69,439
down €69,439 (-36.4%), from €190,956 to €121,517
- Taxes -€25,179
down €25,179 (-41.2%), from €61,149 to €35,970
- Financial charges +€4,875
up €4,875 (+79.7%), from €6,115 to €10,990
- Depreciation -€2,529
down €2,529 (-68.1%), from €3,713 to €1,183
- Financial income -€2,501
no longer reported in 2025 (was €2,501)
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 | €851,825 | €824,047 | -€27,778 | -3.3% |
| Fixed assets | 21/28 | €702,118 | €711,094 | +€8,976 | +1.3% |
| Tangible fixed assets | 22/27 | €1,140 | €10,116 | +€8,976 | +787.6% |
| Plant, machinery and equipment | 23 | €1,127 | €1,492 | +€365 | +32.4% |
| Furniture and vehicles | 24 | €12 | €8,624 | +€8,611 | +68946.9% |
| Financial fixed assets | 28 | €700,978 | €700,978 | = | 0.0% |
| Current assets | 29/58 | €149,707 | €112,953 | -€36,754 | -24.6% |
| Amounts receivable within one year | 40/41 | €67,481 | €62,281 | -€5,200 | -7.7% |
| Trade receivables | 40 | €67,481 | €1,255 | -€66,226 | -98.1% |
| Other amounts receivable | 41 | - | €61,026 | +€61,026 | |
| Cash at bank and in hand | 54/58 | €81,542 | €50,122 | -€31,420 | -38.5% |
| Deferred charges and accrued income | 490/1 | €685 | €551 | -€134 | -19.6% |
| Total equity and liabilities | 10/49 | €851,825 | €824,047 | -€27,778 | -3.3% |
| Equity | 10/15 | €494,297 | €485,760 | -€8,536 | -1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €172,369 | €243,832 | +€71,464 | +41.5% |
| Distributable reserves | 133 | €172,369 | €243,832 | +€71,464 | +41.5% |
| Profit (loss) carried forward | 14 | €301,928 | €221,928 | -€80,000 | -26.5% |
| Amounts payable | 17/49 | €357,528 | €338,286 | -€19,242 | -5.4% |
| Amounts payable after more than one year | 17 | - | €230,872 | +€230,872 | |
| Financial debts | 170/4 | - | €230,872 | +€230,872 | |
| Amounts payable within one year | 42/48 | €357,528 | €107,414 | -€250,114 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | - | €32,809 | +€32,809 | |
| Financial debts | 43 | €6,761 | - | -€6,761 | |
| Credit institutions | 430/8 | €6,761 | - | -€6,761 | |
| Trade debts | 44 | €12,781 | €28,803 | +€16,022 | +125.4% |
| Suppliers | 440/4 | €12,781 | €28,803 | +€16,022 | +125.4% |
| Taxes, remuneration and social security | 45 | €51,175 | €45,802 | -€5,373 | -10.5% |
| Taxes | 450/3 | €51,175 | €45,802 | -€5,373 | -10.5% |
| Other amounts payable | 47/48 | €286,810 | - | -€286,810 | |
| Non-recurring operating income | 76A | - | €2,397 | +€2,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,713 | €1,183 | -€2,529 | -68.1% |
| Other operating charges | 640/8 | €513 | €1,910 | +€1,397 | +272.2% |
| Gross operating margin | 9900 | €190,956 | €121,517 | -€69,439 | -36.4% |
| Operating profit (loss) | 9901 | €186,731 | €118,424 | -€68,307 | -36.6% |
| Financial income | 75/76B | €2,501 | - | -€2,501 | |
| Recurring financial income | 75 | €2,501 | - | -€2,501 | |
| Financial charges | 65/66B | €6,115 | €10,990 | +€4,875 | +79.7% |
| Recurring financial charges | 65 | €6,115 | €10,990 | +€4,875 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €183,116 | €107,433 | -€75,683 | -41.3% |
| Income taxes | 67/77 | €61,149 | €35,970 | -€25,179 | -41.2% |
| Profit (loss) for the period | 9904 | €121,967 | €71,464 | -€50,503 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,967 | €71,464 | -€50,503 | -41.4% |
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 2 October 2026 via checked.be.