OPEN STABILITY: 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.
OPEN STABILITY
Largest movements
- Cash -€10,064
down €10,064 (-32.3%), from €31,120 to €21,055
mainly Net result for the year (-€21,023) and Deferred charges and accrued income (-€441)
- Tangible fixed assets -€9,413
down €9,413 (-36.8%), from €25,561 to €16,148
- Profit (loss) carried forward -€21,023
down €21,023 (-37.9%), from €55,423 to €34,400
- Tax, wage and social debts +€1,786
up €1,786 (+14.2%), from €12,573 to €14,359
- Gross operating margin -€68,529
down €68,529, from €58,747 to -€9,782
- Staff costs -€10,462
down €10,462 (-95.9%), from €10,910 to €448
- Taxes -€9,028
no longer reported in 2025 (was €9,028)
- Depreciation +€6,735
up €6,735 (+251.5%), from €2,678 to €9,413
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 | €69,244 | €50,182 | -€19,062 | -27.5% |
| Fixed assets | 21/28 | €25,561 | €16,148 | -€9,413 | -36.8% |
| Tangible fixed assets | 22/27 | €25,561 | €16,148 | -€9,413 | -36.8% |
| Furniture and vehicles | 24 | €25,561 | €16,148 | -€9,413 | -36.8% |
| Current assets | 29/58 | €43,683 | €34,034 | -€9,649 | -22.1% |
| Amounts receivable within one year | 40/41 | €12,113 | €12,088 | -€25 | -0.2% |
| Trade receivables | 40 | €6,637 | €5,990 | -€648 | -9.8% |
| Other amounts receivable | 41 | €5,475 | €6,098 | +€623 | +11.4% |
| Cash at bank and in hand | 54/58 | €31,120 | €21,055 | -€10,064 | -32.3% |
| Deferred charges and accrued income | 490/1 | €450 | €891 | +€441 | +97.9% |
| Total equity and liabilities | 10/49 | €69,244 | €50,182 | -€19,062 | -27.5% |
| Equity | 10/15 | €56,423 | €35,400 | -€21,023 | -37.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,423 | €34,400 | -€21,023 | -37.9% |
| Amounts payable | 17/49 | €12,821 | €14,782 | +€1,961 | +15.3% |
| Amounts payable within one year | 42/48 | €12,821 | €14,782 | +€1,961 | +15.3% |
| Trade debts | 44 | €248 | €423 | +€174 | +70.3% |
| Suppliers | 440/4 | €248 | €423 | +€174 | +70.3% |
| Taxes, remuneration and social security | 45 | €12,573 | €14,359 | +€1,786 | +14.2% |
| Taxes | 450/3 | €12,573 | €14,359 | +€1,786 | +14.2% |
| Non-recurring operating income | 76A | €388 | - | -€388 | |
| Remuneration, social security and pensions | 62 | €10,910 | €448 | -€10,462 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,678 | €9,413 | +€6,735 | +251.5% |
| Other operating charges | 640/8 | €1,268 | €1,144 | -€124 | -9.8% |
| Gross operating margin | 9900 | €58,747 | -€9,782 | -€68,529 | |
| Operating profit (loss) | 9901 | €43,891 | -€20,787 | -€64,678 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €113 | €235 | +€122 | +108.2% |
| Recurring financial charges | 65 | €113 | €235 | +€122 | +108.2% |
| Profit (loss) for the period before taxes | 9903 | €43,786 | -€21,023 | -€64,809 | |
| Income taxes | 67/77 | €9,028 | - | -€9,028 | |
| Profit (loss) for the period | 9904 | €34,759 | -€21,023 | -€55,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,759 | -€21,023 | -€55,781 |
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 3 October 2026 via checked.be.