Nevermind: 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.
Nevermind
Largest movements
- Cash -€59,493
down €59,493 (-89.3%), from €66,611 to €7,118
mainly Trade debts (-€34,801) and Net result for the year (-€20,676)
- Tangible fixed assets +€8,170
up €8,170 (+631.9%), from €1,293 to €9,463
- Receivables within one year -€4,187
down €4,187 (-12.2%), from €34,392 to €30,205
of which Other amounts receivable: -€13,456
- Trade debts -€34,801
down €34,801 (-96.2%), from €36,178 to €1,377
- Profit (loss) carried forward -€20,676
down €20,676, from €7,064 to -€13,612
- Other operating charges +€9,875
up €9,875 (+10109.6%), from €98 to €9,973
- Gross operating margin +€8,520
up €8,520 (+49.2%), from -€17,325 to -€8,805
- Depreciation +€1,136
up €1,136 (+185.7%), from €612 to €1,748
- Staff costs -€267
no longer reported in 2025 (was €267)
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 | €102,296 | €46,786 | -€55,510 | -54.3% |
| Fixed assets | 21/28 | €1,293 | €9,463 | +€8,170 | +631.9% |
| Tangible fixed assets | 22/27 | €1,293 | €9,463 | +€8,170 | +631.9% |
| Furniture and vehicles | 24 | €1,293 | €9,463 | +€8,170 | +631.9% |
| Current assets | 29/58 | €101,003 | €37,323 | -€63,680 | -63.0% |
| Amounts receivable within one year | 40/41 | €34,392 | €30,205 | -€4,187 | -12.2% |
| Trade receivables | 40 | €15,793 | €25,063 | +€9,270 | +58.7% |
| Other amounts receivable | 41 | €18,599 | €5,142 | -€13,456 | -72.4% |
| Cash at bank and in hand | 54/58 | €66,611 | €7,118 | -€59,493 | -89.3% |
| Total equity and liabilities | 10/49 | €102,296 | €46,786 | -€55,510 | -54.3% |
| Equity | 10/15 | €44,903 | €24,226 | -€20,676 | -46.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,838 | €7,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,838 | €2,838 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,838 | €2,838 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,064 | -€13,612 | -€20,676 | |
| Amounts payable | 17/49 | €57,393 | €22,559 | -€34,834 | -60.7% |
| Amounts payable within one year | 42/48 | €57,393 | €22,559 | -€34,834 | -60.7% |
| Trade debts | 44 | €36,178 | €1,377 | -€34,801 | -96.2% |
| Suppliers | 440/4 | €36,178 | €1,377 | -€34,801 | -96.2% |
| Other amounts payable | 47/48 | €21,215 | €21,182 | -€33 | -0.2% |
| Remuneration, social security and pensions | 62 | €267 | - | -€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €1,748 | +€1,136 | +185.7% |
| Other operating charges | 640/8 | €98 | €9,973 | +€9,875 | +10109.6% |
| Gross operating margin | 9900 | -€17,325 | -€8,805 | +€8,520 | +49.2% |
| Operating profit (loss) | 9901 | -€18,301 | -€20,525 | -€2,224 | -12.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €163 | €152 | -€12 | -7.1% |
| Recurring financial charges | 65 | €163 | €152 | -€12 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,465 | -€20,676 | -€2,212 | -12.0% |
| Profit (loss) for the period | 9904 | -€18,465 | -€20,676 | -€2,212 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,465 | -€20,676 | -€2,212 | -12.0% |
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 4 October 2026 via checked.be.