On the road again: what changed
On the road again
Largest movements
- Receivables within one year -€100,423
down €100,423 (-80.8%), from €124,309 to €23,887
of which Trade receivables: -€73,980
- Cash +€15,641
up €15,641 (+93.4%), from €16,753 to €32,393
mainly Receivables within one year (+€100,423) and Short-term financial debts (+€23)
- Accrued charges and deferred income -€45,000
down €45,000 (-100%), from €45,000 to €0
- Profit (loss) carried forward -€20,441
down €20,441 (-45.2%), from €45,233 to €24,793
- Trade debts -€14,741
down €14,741 (-98.6%), from €14,945 to €204
- Tax, wage and social debts -€3,764
down €3,764 (-74.9%), from €5,024 to €1,260
- Gross operating margin -€64,624
down €64,624, from €44,740 to -€19,884
- Other operating charges -€44,990
down €44,990 (-99.0%), from €45,433 to €444
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,062 | €56,280 | -€84,782 | -60.1% |
| Current assets | 29/58 | €141,062 | €56,280 | -€84,782 | -60.1% |
| Amounts receivable within one year | 40/41 | €124,309 | €23,887 | -€100,423 | -80.8% |
| Trade receivables | 40 | €97,804 | €23,824 | -€73,980 | -75.6% |
| Other amounts receivable | 41 | €26,505 | €62 | -€26,442 | -99.8% |
| Cash at bank and in hand | 54/58 | €16,753 | €32,393 | +€15,641 | +93.4% |
| Total equity and liabilities | 10/49 | €141,062 | €56,280 | -€84,782 | -60.1% |
| Equity | 10/15 | €75,233 | €54,793 | -€20,441 | -27.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,233 | €24,793 | -€20,441 | -45.2% |
| Amounts payable | 17/49 | €65,828 | €1,487 | -€64,341 | -97.7% |
| Amounts payable within one year | 42/48 | €20,828 | €1,487 | -€19,341 | -92.9% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €14,945 | €204 | -€14,741 | -98.6% |
| Suppliers | 440/4 | €14,945 | €204 | -€14,741 | -98.6% |
| Taxes, remuneration and social security | 45 | €5,024 | €1,260 | -€3,764 | -74.9% |
| Taxes | 450/3 | €5,024 | €1,260 | -€3,764 | -74.9% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Accrued charges and deferred income | 492/3 | €45,000 | €0 | -€45,000 | -100% |
| Other operating charges | 640/8 | €45,433 | €444 | -€44,990 | -99.0% |
| Gross operating margin | 9900 | €44,740 | -€19,884 | -€64,624 | |
| Operating profit (loss) | 9901 | -€693 | -€20,328 | -€19,635 | -2,833% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €136 | €116 | -€20 | -14.5% |
| Recurring financial charges | 65 | €136 | €116 | -€20 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€829 | -€20,441 | -€19,612 | -2,366% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€829 | -€20,441 | -€19,612 | -2,366% |
| Profit (loss) for the period to be appropriated | 9905 | -€829 | -€20,441 | -€19,612 | -2,366% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.