NEW START: 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.
NEW START
Largest movements
- Receivables within one year +€1,039
up €1,039 (+2.4%), from €43,400 to €44,439
of which Other amounts receivable: +€1,039
- Profit (loss) carried forward +€1,018
up €1,018 (+4.2%), from €24,139 to €25,157
- Tax, wage and social debts -€790
down €790 (-41.0%), from €1,927 to €1,137
- Trade debts +€577
up €577, from €0 to €577
- Gross operating margin +€5,696
up €5,696 (+83.3%), from -€6,835 to -€1,138
- Financial income +€2,369
new in 2025: €2,369
- Other operating charges -€318
no longer reported in 2025 (was €318)
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 | €43,848 | €44,653 | +€805 | +1.8% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €43,848 | €44,653 | +€805 | +1.8% |
| Amounts receivable within one year | 40/41 | €43,400 | €44,439 | +€1,039 | +2.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €43,400 | €44,439 | +€1,039 | +2.4% |
| Cash at bank and in hand | 54/58 | €448 | €215 | -€234 | -52.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €43,848 | €44,653 | +€805 | +1.8% |
| Equity | 10/15 | €41,922 | €42,940 | +€1,018 | +2.4% |
| Contributions | 10/11 | €15,924 | €15,924 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,139 | €25,157 | +€1,018 | +4.2% |
| Amounts payable | 17/49 | €1,927 | €1,714 | -€213 | -11.1% |
| Amounts payable within one year | 42/48 | €1,927 | €1,714 | -€213 | -11.1% |
| Trade debts | 44 | €0 | €577 | +€577 | |
| Suppliers | 440/4 | €0 | €577 | +€577 | |
| Taxes, remuneration and social security | 45 | €1,927 | €1,137 | -€790 | -41.0% |
| Taxes | 450/3 | €1,927 | €1,137 | -€790 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | - | -€21 | |
| Other operating charges | 640/8 | €318 | - | -€318 | |
| Gross operating margin | 9900 | -€6,835 | -€1,138 | +€5,696 | +83.3% |
| Operating profit (loss) | 9901 | -€7,173 | -€1,138 | +€6,035 | +84.1% |
| Financial income | 75/76B | - | €2,369 | +€2,369 | |
| Recurring financial income | 75 | - | €2,369 | +€2,369 | |
| Financial charges | 65/66B | €198 | €213 | +€15 | +7.3% |
| Recurring financial charges | 65 | €198 | €213 | +€15 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,372 | €1,018 | +€8,390 | |
| Profit (loss) for the period | 9904 | -€7,372 | €1,018 | +€8,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,372 | €1,018 | +€8,390 |
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 2 October 2026 via checked.be.