Next: 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.
Next
Largest movements
- Stocks and contracts +€3,878
new in 2025: €3,878
- Receivables within one year -€342
down €342 (-68.6%), from €498 to €156
- Cash -€267
down €267 (-84.7%), from €315 to €48
mainly Net result for the year (-€6,133) and Stocks and contracts (-€3,878)
- Intangible fixed assets -€207
down €207 (-7.1%), from €2,926 to €2,719
- Debts after one year +€10,215
up €10,215 (+120.2%), from €8,497 to €18,712
- Profit (loss) carried forward -€6,133
down €6,133 (-48.4%), from -€12,667 to -€18,800
- Trade debts -€938
down €938 (-79.9%), from €1,174 to €236
- Tax, wage and social debts -€82
no longer reported in 2025 (was €82)
- Gross operating margin +€6,738
up €6,738 (+56.3%), from -€11,966 to -€5,228
- Depreciation +€208
up €208 (+33.0%), from €629 to €837
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 | €3,739 | €6,801 | +€3,062 | +81.9% |
| Fixed assets | 21/28 | €2,926 | €2,719 | -€207 | -7.1% |
| Intangible fixed assets | 21 | €2,926 | €2,719 | -€207 | -7.1% |
| Current assets | 29/58 | €813 | €4,083 | +€3,269 | +401.9% |
| Stocks and contracts in progress | 3 | - | €3,878 | +€3,878 | |
| Stocks | 30/36 | - | €3,878 | +€3,878 | |
| Amounts receivable within one year | 40/41 | €498 | €156 | -€342 | -68.6% |
| Other amounts receivable | 41 | €498 | €156 | -€342 | -68.6% |
| Cash at bank and in hand | 54/58 | €315 | €48 | -€267 | -84.7% |
| Total equity and liabilities | 10/49 | €3,739 | €6,801 | +€3,062 | +81.9% |
| Equity | 10/15 | -€7,667 | -€13,800 | -€6,133 | -80.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,667 | -€18,800 | -€6,133 | -48.4% |
| Amounts payable | 17/49 | €11,406 | €20,602 | +€9,195 | +80.6% |
| Amounts payable after more than one year | 17 | €8,497 | €18,712 | +€10,215 | +120.2% |
| Financial debts | 170/4 | €8,497 | €18,712 | +€10,215 | +120.2% |
| Amounts payable within one year | 42/48 | €2,910 | €1,890 | -€1,020 | -35.0% |
| Trade debts | 44 | €1,174 | €236 | -€938 | -79.9% |
| Suppliers | 440/4 | €1,174 | €236 | -€938 | -79.9% |
| Taxes, remuneration and social security | 45 | €82 | - | -€82 | |
| Taxes | 450/3 | €82 | - | -€82 | |
| Other amounts payable | 47/48 | €1,654 | €1,654 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €837 | +€208 | +33.0% |
| Gross operating margin | 9900 | -€11,966 | -€5,228 | +€6,738 | +56.3% |
| Operating profit (loss) | 9901 | -€12,595 | -€6,065 | +€6,530 | +51.8% |
| Financial income | 75/76B | €15 | €7 | -€8 | -50.9% |
| Recurring financial income | 75 | €15 | €7 | -€8 | -50.9% |
| Financial charges | 65/66B | €88 | €75 | -€12 | -13.8% |
| Recurring financial charges | 65 | €88 | €75 | -€12 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,667 | -€6,133 | +€6,534 | +51.6% |
| Profit (loss) for the period | 9904 | -€12,667 | -€6,133 | +€6,534 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,667 | -€6,133 | +€6,534 | +51.6% |
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 1 October 2026 via checked.be.