New Order: 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 Order
Largest movements
- Cash +€402,149
up €402,149 (+13353.1%), from €3,012 to €405,161
mainly Contributions, distributions and other (+€400,000) and Other debts (+€19,380)
- Contributions +€400,000
up €400,000 (+40000.0%), from €1,000 to €401,000
- Profit (loss) carried forward -€20,748
down €20,748 (-32.3%), from -€64,262 to -€85,010
- Other debts +€19,380
up €19,380 (+15.2%), from €127,547 to €146,927
- Gross operating margin -€26,828
down €26,828, from €10,154 to -€16,674
- Other operating charges -€920
down €920 (-87.8%), from €1,048 to €128
- Depreciation -€474
down €474 (-11.1%), from €4,273 to €3,800
- Taxes -€469
down €469 (-100.0%), from €469 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 | €68,072 | €468,691 | +€400,619 | +588.5% |
| Fixed assets | 21/28 | €6,317 | €2,518 | -€3,800 | -60.1% |
| Intangible fixed assets | 21 | €3,645 | €2,034 | -€1,611 | -44.2% |
| Tangible fixed assets | 22/27 | €2,673 | €484 | -€2,189 | -81.9% |
| Plant, machinery and equipment | 23 | €1,366 | €267 | -€1,100 | -80.5% |
| Furniture and vehicles | 24 | €1,306 | €217 | -€1,089 | -83.4% |
| Current assets | 29/58 | €61,754 | €466,174 | +€404,419 | +654.9% |
| Stocks and contracts in progress | 3 | €57,844 | €59,101 | +€1,257 | +2.2% |
| Stocks | 30/36 | €57,844 | €59,101 | +€1,257 | +2.2% |
| Amounts receivable within one year | 40/41 | €0 | €1,912 | +€1,912 | |
| Trade receivables | 40 | €0 | €1,890 | +€1,890 | |
| Other amounts receivable | 41 | €0 | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €3,012 | €405,161 | +€402,149 | +13353.1% |
| Deferred charges and accrued income | 490/1 | €898 | €0 | -€898 | -100.0% |
| Total equity and liabilities | 10/49 | €68,072 | €468,691 | +€400,619 | +588.5% |
| Equity | 10/15 | -€63,262 | €315,990 | +€379,252 | |
| Contributions | 10/11 | €1,000 | €401,000 | +€400,000 | +40000.0% |
| Profit (loss) carried forward | 14 | -€64,262 | -€85,010 | -€20,748 | -32.3% |
| Amounts payable | 17/49 | €131,334 | €152,701 | +€21,367 | +16.3% |
| Amounts payable within one year | 42/48 | €131,334 | €152,701 | +€21,367 | +16.3% |
| Financial debts | 43 | €101 | €1,177 | +€1,076 | +1061.8% |
| Credit institutions | 430/8 | €101 | €1,177 | +€1,076 | +1061.8% |
| Trade debts | 44 | €2,189 | €2,915 | +€726 | +33.2% |
| Suppliers | 440/4 | €2,189 | €2,915 | +€726 | +33.2% |
| Taxes, remuneration and social security | 45 | €1,497 | €1,682 | +€185 | +12.4% |
| Taxes | 450/3 | €1,497 | €1,682 | +€185 | +12.4% |
| Other amounts payable | 47/48 | €127,547 | €146,927 | +€19,380 | +15.2% |
| Non-recurring operating income | 76A | €5,197 | €0 | -€5,197 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,273 | €3,800 | -€474 | -11.1% |
| Other operating charges | 640/8 | €1,048 | €128 | -€920 | -87.8% |
| Gross operating margin | 9900 | €10,154 | -€16,674 | -€26,828 | |
| Operating profit (loss) | 9901 | €4,832 | -€20,602 | -€25,435 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €105 | €145 | +€40 | +38.5% |
| Recurring financial charges | 65 | €105 | €145 | +€40 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €4,727 | -€20,748 | -€25,475 | |
| Income taxes | 67/77 | €469 | €0 | -€469 | -100.0% |
| Profit (loss) for the period | 9904 | €4,259 | -€20,748 | -€25,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,259 | -€20,748 | -€25,006 |
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 9 October 2026 via checked.be.