Op=Op: 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.
Op=Op
Largest movements
- Cash -€2,363
down €2,363 (-76.6%), from €3,085 to €723
mainly Receivables within one year (-€1,989) and Net result for the year (-€421)
- Receivables within one year +€1,989
up €1,989 (+4.1%), from €48,586 to €50,574
of which Trade receivables: +€2,050
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€916
new in 2025: €916
- Gross operating margin +€607
up €607 (+934.4%), from €65 to €672
- Financial charges +€63
up €63 (+56.1%), from €113 to €177
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 | €51,671 | €51,297 | -€374 | -0.7% |
| Current assets | 29/58 | €51,671 | €51,297 | -€374 | -0.7% |
| Amounts receivable within one year | 40/41 | €48,586 | €50,574 | +€1,989 | +4.1% |
| Trade receivables | 40 | €12,244 | €14,294 | +€2,050 | +16.7% |
| Other amounts receivable | 41 | €36,342 | €36,280 | -€62 | -0.2% |
| Cash at bank and in hand | 54/58 | €3,085 | €723 | -€2,363 | -76.6% |
| Total equity and liabilities | 10/49 | €51,671 | €51,297 | -€374 | -0.7% |
| Equity | 10/15 | €28,592 | €28,171 | -€421 | -1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,236 | €26,236 | = | 0.0% |
| Distributable reserves | 133 | €26,236 | €26,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,645 | -€3,065 | -€421 | -15.9% |
| Amounts payable | 17/49 | €23,080 | €23,126 | +€47 | +0.2% |
| Amounts payable within one year | 42/48 | €23,080 | €23,126 | +€47 | +0.2% |
| Trade debts | 44 | €20,930 | €20,976 | +€47 | +0.2% |
| Suppliers | 440/4 | €20,930 | €20,976 | +€47 | +0.2% |
| Other amounts payable | 47/48 | €2,150 | €2,150 | = | 0.0% |
| Other operating charges | 640/8 | - | €916 | +€916 | |
| Gross operating margin | 9900 | €65 | €672 | +€607 | +934.4% |
| Operating profit (loss) | 9901 | €65 | -€244 | -€309 | |
| Financial charges | 65/66B | €113 | €177 | +€63 | +56.1% |
| Recurring financial charges | 65 | €113 | €177 | +€63 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | -€48 | -€421 | -€372 | -773.2% |
| Profit (loss) for the period | 9904 | -€48 | -€421 | -€372 | -773.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48 | -€421 | -€372 | -773.2% |
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 8 October 2026 via checked.be.