NEW PARADIGM: 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 PARADIGM
Largest movements
- Current investments +€101,576
up €101,576 (+35.8%), from €283,416 to €384,992
- Financial fixed assets -€49,927
down €49,927 (-9.7%), from €513,254 to €463,327
- Cash +€17,314
up €17,314 (+627%), from €2,763 to €20,077
mainly Net result for the year (+€172,956) and Investment in fixed assets (net) (+€49,927)
- Receivables within one year +€10,061
up €10,061 (+180%), from €5,590 to €15,650
of which Other amounts receivable: +€10,356
- Other debts -€94,000
down €94,000 (-32.3%), from €290,757 to €196,758
- Profit (loss) carried forward +€92,956
up €92,956 (+93.3%), from €99,618 to €192,574
- Reserves +€80,000
up €80,000 (+30.8%), from €259,876 to €339,876
- Financial income +€150,674
up €150,674 (+89.8%), from €167,817 to €318,491
- Write-downs +€55,177
new in 2025: €55,177
- Financial charges -€22,382
down €22,382 (-30.8%), from €72,685 to €50,303
- Gross operating margin +€11,213
up €11,213 (+29.6%), from -€37,902 to -€26,690
- Other operating charges +€4,538
up €4,538 (+548%), from €827 to €5,365
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 | €805,023 | €884,047 | +€79,023 | +9.8% |
| Fixed assets | 21/28 | €513,254 | €463,327 | -€49,927 | -9.7% |
| Financial fixed assets | 28 | €513,254 | €463,327 | -€49,927 | -9.7% |
| Current assets | 29/58 | €291,769 | €420,719 | +€128,950 | +44.2% |
| Amounts receivable within one year | 40/41 | €5,590 | €15,650 | +€10,061 | +180% |
| Trade receivables | 40 | €1,398 | €1,103 | -€296 | -21.2% |
| Other amounts receivable | 41 | €4,191 | €14,548 | +€10,356 | +247% |
| Current investments | 50/53 | €283,416 | €384,992 | +€101,576 | +35.8% |
| Cash at bank and in hand | 54/58 | €2,763 | €20,077 | +€17,314 | +627% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €805,023 | €884,047 | +€79,023 | +9.8% |
| Equity | 10/15 | €495,326 | €668,282 | +€172,956 | +34.9% |
| Contributions | 10/11 | €135,832 | €135,832 | = | 0.0% |
| Reserves | 13 | €259,876 | €339,876 | +€80,000 | +30.8% |
| Distributable reserves | 133 | €259,876 | €339,876 | +€80,000 | +30.8% |
| Profit (loss) carried forward | 14 | €99,618 | €192,574 | +€92,956 | +93.3% |
| Amounts payable | 17/49 | €309,698 | €215,765 | -€93,933 | -30.3% |
| Amounts payable within one year | 42/48 | €296,567 | €203,230 | -€93,337 | -31.5% |
| Trade debts | 44 | €1,581 | €1,687 | +€106 | +6.7% |
| Suppliers | 440/4 | €1,581 | €1,687 | +€106 | +6.7% |
| Taxes, remuneration and social security | 45 | €4,229 | €4,786 | +€556 | +13.2% |
| Taxes | 450/3 | €4,229 | €4,786 | +€556 | +13.2% |
| Other amounts payable | 47/48 | €290,757 | €196,758 | -€94,000 | -32.3% |
| Accrued charges and deferred income | 492/3 | €13,131 | €12,534 | -€596 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,177 | +€55,177 | |
| Other operating charges | 640/8 | €827 | €5,365 | +€4,538 | +548% |
| Gross operating margin | 9900 | -€37,902 | -€26,690 | +€11,213 | +29.6% |
| Operating profit (loss) | 9901 | -€38,730 | -€87,232 | -€48,502 | -125% |
| Financial income | 75/76B | €167,817 | €318,491 | +€150,674 | +89.8% |
| Recurring financial income | 75 | €167,817 | €318,491 | +€150,674 | +89.8% |
| Financial charges | 65/66B | €72,685 | €50,303 | -€22,382 | -30.8% |
| Recurring financial charges | 65 | €72,685 | €50,303 | -€22,382 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €56,403 | €180,956 | +€124,553 | +221% |
| Income taxes | 67/77 | €7,191 | €8,000 | +€809 | +11.2% |
| Profit (loss) for the period | 9904 | €49,211 | €172,956 | +€123,745 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €49,211 | €172,956 | +€123,745 | +251% |
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 15 October 2026 via checked.be.