New Narratives: 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 Narratives
Largest movements
- Cash +€2,825
up €2,825 (+345%), from €819 to €3,644
mainly Net result for the year (+€14,963) and Receivables within one year (+€2,666)
- Receivables within one year -€2,666
down €2,666 (-20.8%), from €12,816 to €10,150
of which Other amounts receivable: -€2,051
- Intangible fixed assets -€760
down €760 (-34.0%), from €2,233 to €1,473
- Tangible fixed assets -€353
down €353 (-61.4%), from €575 to €222
- Other debts -€1,739
down €1,739 (-9.5%), from €18,391 to €16,652
- Tax, wage and social debts +€858
up €858 (+25.1%), from €3,421 to €4,279
- Gross operating margin +€10,782
up €10,782 (+95.3%), from €11,308 to €22,090
- Taxes +€3,779
up €3,779 (+359%), from €1,053 to €4,832
- Other operating charges -€696
down €696 (-54.3%), from €1,281 to €585
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.
Derived cash bridge
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 | €25,529 | €24,566 | -€963 | -3.8% |
| Fixed assets | 21/28 | €2,808 | €1,695 | -€1,113 | -39.6% |
| Intangible fixed assets | 21 | €2,233 | €1,473 | -€760 | -34.0% |
| Tangible fixed assets | 22/27 | €575 | €222 | -€353 | -61.4% |
| Furniture and vehicles | 24 | €575 | €222 | -€353 | -61.4% |
| Current assets | 29/58 | €22,721 | €22,872 | +€151 | +0.7% |
| Stocks and contracts in progress | 3 | €9,086 | €9,078 | -€8 | -0.1% |
| Stocks | 30/36 | €9,086 | €9,078 | -€8 | -0.1% |
| Amounts receivable within one year | 40/41 | €12,816 | €10,150 | -€2,666 | -20.8% |
| Trade receivables | 40 | €10,766 | €10,150 | -€616 | -5.7% |
| Other amounts receivable | 41 | €2,051 | - | -€2,051 | |
| Cash at bank and in hand | 54/58 | €819 | €3,644 | +€2,825 | +345% |
| Total equity and liabilities | 10/49 | €25,529 | €24,566 | -€963 | -3.8% |
| Equity | 10/15 | €3,243 | €3,006 | -€237 | -7.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243 | €6 | -€237 | -97.7% |
| Amounts payable | 17/49 | €22,286 | €21,561 | -€725 | -3.3% |
| Amounts payable within one year | 42/48 | €21,886 | €21,161 | -€725 | -3.3% |
| Trade debts | 44 | €74 | €230 | +€156 | +210% |
| Suppliers | 440/4 | €74 | €230 | +€156 | +210% |
| Taxes, remuneration and social security | 45 | €3,421 | €4,279 | +€858 | +25.1% |
| Taxes | 450/3 | €3,421 | €4,279 | +€858 | +25.1% |
| Other amounts payable | 47/48 | €18,391 | €16,652 | -€1,739 | -9.5% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,113 | €1,113 | = | 0.0% |
| Other operating charges | 640/8 | €1,281 | €585 | -€696 | -54.3% |
| Gross operating margin | 9900 | €11,308 | €22,090 | +€10,782 | +95.3% |
| Operating profit (loss) | 9901 | €8,913 | €20,391 | +€11,478 | +129% |
| Financial income | 75/76B | €21 | €25 | +€4 | +20.0% |
| Recurring financial income | 75 | €21 | €25 | +€4 | +20.0% |
| Financial charges | 65/66B | €653 | €621 | -€32 | -4.9% |
| Recurring financial charges | 65 | €653 | €621 | -€32 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €8,280 | €19,794 | +€11,514 | +139% |
| Income taxes | 67/77 | €1,053 | €4,832 | +€3,779 | +359% |
| Profit (loss) for the period | 9904 | €7,228 | €14,963 | +€7,735 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €7,228 | €14,963 | +€7,735 | +107% |
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 17 October 2026 via checked.be.