New Game Plan: 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.
New Game Plan
Largest movements
- Financial fixed assets +€173,057
up €173,057 (+11772.6%), from €1,470 to €174,527
- Receivables within one year -€55,071
down €55,071 (-57.8%), from €95,250 to €40,179
of which Other amounts receivable: -€27,779
- Cash -€17,608
down €17,608 (-38.0%), from €46,336 to €28,728
mainly Investment in fixed assets (net) (-€174,703) and Debts after one year (-€25,178)
- Intangible fixed assets -€9,788
down €9,788 (-28.3%), from €34,559 to €24,771
- Receivables after one year -€4,035
down €4,035 (-93.1%), from €4,333 to €298
- Profit (loss) carried forward +€134,595
up €134,595 (+529.3%), from €25,429 to €160,025
- Debts after one year -€25,178
down €25,178 (-60.7%), from €41,466 to €16,288
- Trade debts -€18,625
down €18,625 (-36.5%), from €51,029 to €32,404
- Financial income +€158,454
up €158,454, from €0 to €158,454
- Gross operating margin -€22,018
down €22,018, from €13,350 to -€8,668
- Depreciation +€5,514
up €5,514 (+120.1%), from €4,592 to €10,106
- Financial charges -€1,569
down €1,569 (-26.2%), from €5,999 to €4,430
- Taxes -€375
down €375 (-100.0%), from €375 to €0
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 | €181,948 | €271,166 | +€89,218 | +49.0% |
| Fixed assets | 21/28 | €36,029 | €200,626 | +€164,597 | +456.8% |
| Intangible fixed assets | 21 | €34,559 | €24,771 | -€9,788 | -28.3% |
| Tangible fixed assets | 22/27 | - | €1,328 | +€1,328 | |
| Furniture and vehicles | 24 | - | €1,328 | +€1,328 | |
| Financial fixed assets | 28 | €1,470 | €174,527 | +€173,057 | +11772.6% |
| Current assets | 29/58 | €145,919 | €70,540 | -€75,379 | -51.7% |
| Amounts receivable after more than one year | 29 | €4,333 | €298 | -€4,035 | -93.1% |
| Other amounts receivable | 291 | €4,333 | €298 | -€4,035 | -93.1% |
| Amounts receivable within one year | 40/41 | €95,250 | €40,179 | -€55,071 | -57.8% |
| Trade receivables | 40 | €63,125 | €35,833 | -€27,292 | -43.2% |
| Other amounts receivable | 41 | €32,125 | €4,346 | -€27,779 | -86.5% |
| Cash at bank and in hand | 54/58 | €46,336 | €28,728 | -€17,608 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €1,336 | +€1,336 | |
| Total equity and liabilities | 10/49 | €181,948 | €271,166 | +€89,218 | +49.0% |
| Equity | 10/15 | €30,429 | €165,025 | +€134,595 | +442.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,429 | €160,025 | +€134,595 | +529.3% |
| Amounts payable | 17/49 | €151,519 | €106,142 | -€45,377 | -29.9% |
| Amounts payable after more than one year | 17 | €41,466 | €16,288 | -€25,178 | -60.7% |
| Financial debts | 170/4 | €41,466 | €16,288 | -€25,178 | -60.7% |
| Amounts payable within one year | 42/48 | €108,080 | €89,783 | -€18,297 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €5,604 | €5,845 | +€241 | +4.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €51,029 | €32,404 | -€18,625 | -36.5% |
| Suppliers | 440/4 | €51,029 | €32,404 | -€18,625 | -36.5% |
| Taxes, remuneration and social security | 45 | €671 | €0 | -€671 | -100.0% |
| Taxes | 450/3 | €671 | €0 | -€671 | -100.0% |
| Other amounts payable | 47/48 | €775 | €1,534 | +€759 | +97.9% |
| Accrued charges and deferred income | 492/3 | €1,973 | €71 | -€1,902 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,592 | €10,106 | +€5,514 | +120.1% |
| Other operating charges | 640/8 | €938 | €640 | -€299 | -31.8% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €13,350 | -€8,668 | -€22,018 | |
| Operating profit (loss) | 9901 | €7,819 | -€19,429 | -€27,248 | |
| Financial income | 75/76B | €0 | €158,454 | +€158,454 | |
| Recurring financial income | 75 | €0 | €158,454 | +€158,454 | |
| Financial charges | 65/66B | €5,999 | €4,430 | -€1,569 | -26.2% |
| Recurring financial charges | 65 | €5,999 | €4,430 | -€1,569 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €1,820 | €134,595 | +€132,775 | +7294.4% |
| Income taxes | 67/77 | €375 | €0 | -€375 | -100.0% |
| Profit (loss) for the period | 9904 | €1,446 | €134,595 | +€133,150 | +9210.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,446 | €134,595 | +€133,150 | +9210.7% |
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 12 October 2026 via checked.be.