Open business: what changed
Open business
Largest movements
- Receivables within one year -€36,046
down €36,046 (-94.9%), from €38,000 to €1,954
of which Trade receivables: -€38,000
- Cash +€25,873
up €25,873 (+118%), from €21,898 to €47,771
mainly Receivables within one year (+€36,046) and Stocks and contracts (+€22,041)
- Stocks and contracts -€22,041
down €22,041 (-48.9%), from €45,074 to €23,033
- Profit (loss) carried forward -€25,524
down €25,524 (-255%), from -€10,004 to -€35,528
- Trade debts -€6,942
down €6,942 (-8.6%), from €80,313 to €73,371
- Other debts -€2,712
no longer reported in 2025 (was €2,712)
- Tax, wage and social debts +€2,702
up €2,702 (+23.6%), from €11,462 to €14,164
of which Remuneration and social security: +€3,114
- Gross operating margin -€56,279
down €56,279, from €41,047 to -€15,232
- Depreciation -€1,854
no longer reported in 2025 (was €1,854)
- Staff costs -€828
down €828 (-9.9%), from €8,361 to €7,533
- Other operating charges +€440
up €440 (+22.5%), from €1,958 to €2,398
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 | €104,972 | €72,758 | -€32,214 | -30.7% |
| Current assets | 29/58 | €104,972 | €72,758 | -€32,214 | -30.7% |
| Stocks and contracts in progress | 3 | €45,074 | €23,033 | -€22,041 | -48.9% |
| Stocks | 30/36 | €45,074 | €23,033 | -€22,041 | -48.9% |
| Amounts receivable within one year | 40/41 | €38,000 | €1,954 | -€36,046 | -94.9% |
| Trade receivables | 40 | €38,000 | - | -€38,000 | |
| Other amounts receivable | 41 | - | €1,954 | +€1,954 | |
| Cash at bank and in hand | 54/58 | €21,898 | €47,771 | +€25,873 | +118% |
| Total equity and liabilities | 10/49 | €104,972 | €72,758 | -€32,214 | -30.7% |
| Equity | 10/15 | €8,596 | -€16,928 | -€25,524 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,004 | -€35,528 | -€25,524 | -255% |
| Amounts payable | 17/49 | €96,376 | €89,686 | -€6,690 | -6.9% |
| Amounts payable within one year | 42/48 | €96,376 | €89,424 | -€6,952 | -7.2% |
| Trade debts | 44 | €80,313 | €73,371 | -€6,942 | -8.6% |
| Suppliers | 440/4 | €80,313 | €73,371 | -€6,942 | -8.6% |
| Advances received on contracts in progress | 46 | €1,889 | €1,889 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,462 | €14,164 | +€2,702 | +23.6% |
| Taxes | 450/3 | €11,083 | €10,671 | -€412 | -3.7% |
| Remuneration and social security | 454/9 | €379 | €3,493 | +€3,114 | +822% |
| Other amounts payable | 47/48 | €2,712 | - | -€2,712 | |
| Accrued charges and deferred income | 492/3 | - | €262 | +€262 | |
| Remuneration, social security and pensions | 62 | €8,361 | €7,533 | -€828 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,854 | - | -€1,854 | |
| Other operating charges | 640/8 | €1,958 | €2,398 | +€440 | +22.5% |
| Gross operating margin | 9900 | €41,047 | -€15,232 | -€56,279 | |
| Operating profit (loss) | 9901 | €28,874 | -€25,163 | -€54,037 | |
| Financial income | 75/76B | - | €103 | +€103 | |
| Recurring financial income | 75 | - | €103 | +€103 | |
| Financial charges | 65/66B | €799 | €464 | -€335 | -41.9% |
| Recurring financial charges | 65 | €799 | €464 | -€335 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €28,075 | -€25,524 | -€53,599 | |
| Profit (loss) for the period | 9904 | €28,075 | -€25,524 | -€53,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,075 | -€25,524 | -€53,599 |
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 5 November 2026 via checked.be.