On The Road Again: 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.
On The Road Again
Largest movements
- Cash -€230,659
down €230,659 (-71.3%), from €323,339 to €92,680
mainly Trade debts (-€133,566) and Accrued charges and deferred income (-€128,465)
- Receivables within one year -€84,085
down €84,085 (-60.4%), from €139,184 to €55,100
of which Other amounts receivable: -€64,533
- Deferred charges and accrued income +€41,437
up €41,437 (+1,561%), from €2,654 to €44,091
- Trade debts -€133,566
down €133,566 (-68.8%), from €194,100 to €60,534
- Accrued charges and deferred income -€128,465
down €128,465 (-53.5%), from €240,075 to €111,610
- Profit (loss) carried forward -€11,275
new in 2025: -€11,275
- Gross operating margin -€26,531
down €26,531, from €18,354 to -€8,177
- Other operating charges -€11,855
down €11,855 (-100%), from €11,855 to €0
- Financial charges -€3,609
down €3,609 (-55.2%), from €6,534 to €2,925
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €465,177 | €191,870 | -€273,307 | -58.8% |
| Current assets | 29/58 | €465,177 | €191,870 | -€273,307 | -58.8% |
| Amounts receivable within one year | 40/41 | €139,184 | €55,100 | -€84,085 | -60.4% |
| Trade receivables | 40 | €74,431 | €54,880 | -€19,551 | -26.3% |
| Other amounts receivable | 41 | €64,753 | €220 | -€64,533 | -99.7% |
| Cash at bank and in hand | 54/58 | €323,339 | €92,680 | -€230,659 | -71.3% |
| Deferred charges and accrued income | 490/1 | €2,654 | €44,091 | +€41,437 | +1,561% |
| Total equity and liabilities | 10/49 | €465,177 | €191,870 | -€273,307 | -58.8% |
| Equity | 10/15 | €31,002 | €19,727 | -€11,275 | -36.4% |
| Contributions | 10/11 | €31,002 | €31,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,275 | -€11,275 | |
| Amounts payable | 17/49 | €434,175 | €172,143 | -€262,032 | -60.4% |
| Amounts payable within one year | 42/48 | €194,100 | €60,534 | -€133,566 | -68.8% |
| Trade debts | 44 | €194,100 | €60,534 | -€133,566 | -68.8% |
| Suppliers | 440/4 | €194,100 | €60,534 | -€133,566 | -68.8% |
| Accrued charges and deferred income | 492/3 | €240,075 | €111,610 | -€128,465 | -53.5% |
| Other operating charges | 640/8 | €11,855 | €0 | -€11,855 | -100% |
| Gross operating margin | 9900 | €18,354 | -€8,177 | -€26,531 | |
| Operating profit (loss) | 9901 | €6,499 | -€8,177 | -€14,676 | |
| Financial income | 75/76B | €35 | €0 | -€35 | -100% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100% |
| Financial charges | 65/66B | €6,534 | €2,925 | -€3,609 | -55.2% |
| Recurring financial charges | 65 | €6,534 | €2,925 | -€3,609 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | - | -€11,102 | -€11,102 | |
| Income taxes | 67/77 | - | €173 | +€173 | |
| Profit (loss) for the period | 9904 | - | -€11,275 | -€11,275 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€11,275 | -€11,275 |
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 30 October 2026 via checked.be.