No Darkness: 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.
No Darkness
Largest movements
- Receivables within one year -€36,105
down €36,105 (-59.0%), from €61,203 to €25,098
of which Other amounts receivable: -€32,783
- Cash -€9,074
down €9,074 (-17.3%), from €52,551 to €43,477
mainly Contributions, distributions and other (-€95,000) and Trade debts (-€9,911)
- Reserves -€87,313
down €87,313 (-82.7%), from €105,527 to €18,214
- Other debts +€50,000
new in 2025: €50,000
- Trade debts -€9,911
down €9,911 (-73.4%), from €13,498 to €3,588
- Gross operating margin +€5,763
up €5,763 (+138.8%), from €4,153 to €9,916
- Depreciation -€1,473
down €1,473 (-79.9%), from €1,843 to €370
- Taxes +€1,269
new in 2025: €1,269
- Financial income +€1,025
up €1,025 (+5368.5%), from €19 to €1,044
- Financial charges -€368
down €368 (-23.0%), from €1,602 to €1,234
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 | €142,350 | €95,733 | -€46,617 | -32.7% |
| Fixed assets | 21/28 | €1,802 | €1,432 | -€370 | -20.5% |
| Intangible fixed assets | 21 | €917 | €547 | -€370 | -40.3% |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €140,548 | €94,301 | -€46,247 | -32.9% |
| Stocks and contracts in progress | 3 | €26,503 | €25,725 | -€777 | -2.9% |
| Stocks | 30/36 | €26,503 | €25,725 | -€777 | -2.9% |
| Amounts receivable within one year | 40/41 | €61,203 | €25,098 | -€36,105 | -59.0% |
| Trade receivables | 40 | €15,466 | €12,143 | -€3,322 | -21.5% |
| Other amounts receivable | 41 | €45,738 | €12,955 | -€32,783 | -71.7% |
| Cash at bank and in hand | 54/58 | €52,551 | €43,477 | -€9,074 | -17.3% |
| Deferred charges and accrued income | 490/1 | €290 | - | -€290 | |
| Total equity and liabilities | 10/49 | €142,350 | €95,733 | -€46,617 | -32.7% |
| Equity | 10/15 | €124,127 | €36,814 | -€87,313 | -70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,527 | €18,214 | -€87,313 | -82.7% |
| Distributable reserves | 133 | €105,527 | €18,214 | -€87,313 | -82.7% |
| Amounts payable | 17/49 | €18,223 | €58,919 | +€40,696 | +223.3% |
| Amounts payable within one year | 42/48 | €18,223 | €58,744 | +€40,520 | +222.4% |
| Trade debts | 44 | €13,498 | €3,588 | -€9,911 | -73.4% |
| Suppliers | 440/4 | €13,498 | €3,588 | -€9,911 | -73.4% |
| Taxes, remuneration and social security | 45 | €4,725 | €5,156 | +€431 | +9.1% |
| Taxes | 450/3 | €4,725 | €5,156 | +€431 | +9.1% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,843 | €370 | -€1,473 | -79.9% |
| Other operating charges | 640/8 | €516 | €400 | -€116 | -22.6% |
| Gross operating margin | 9900 | €4,153 | €9,916 | +€5,763 | +138.8% |
| Operating profit (loss) | 9901 | €1,794 | €9,146 | +€7,352 | +409.7% |
| Financial income | 75/76B | €19 | €1,044 | +€1,025 | +5368.5% |
| Recurring financial income | 75 | €19 | €1,044 | +€1,025 | +5368.5% |
| Financial charges | 65/66B | €1,602 | €1,234 | -€368 | -23.0% |
| Recurring financial charges | 65 | €1,602 | €1,234 | -€368 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €212 | €8,957 | +€8,745 | +4126.1% |
| Income taxes | 67/77 | - | €1,269 | +€1,269 | |
| Profit (loss) for the period | 9904 | €212 | €7,687 | +€7,475 | +3527.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212 | €7,687 | +€7,475 | +3527.1% |
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.