OPERATION AND PROGRAMME MANAGEMENT SUPPORT: 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.
OPERATION AND PROGRAMME MANAGEMENT SUPPORT
Largest movements
- Cash -€51,618
down €51,618 (-85.4%), from €60,431 to €8,813
mainly Trade debts (-€48,720) and Net result for the year (-€40,672)
- Receivables within one year -€30,231
down €30,231 (-30.0%), from €100,731 to €70,499
of which Trade receivables: -€30,027
- Tangible fixed assets -€10,580
down €10,580 (-13.0%), from €81,499 to €70,919
of which Other tangible fixed assets: -€8,075
- Deferred charges and accrued income -€9,476
down €9,476 (-81.5%), from €11,623 to €2,147
- Trade debts -€48,720
down €48,720 (-50.3%), from €96,815 to €48,095
- Reserves -€40,672
down €40,672 (-29.7%), from €136,715 to €96,043
- Other debts -€11,411
down €11,411 (-45.3%), from €25,215 to €13,804
- Gross operating margin -€50,039
down €50,039, from €26,987 to -€23,052
- Financial charges -€8,103
down €8,103 (-44.4%), from €18,252 to €10,150
- Taxes -€3,407
down €3,407 (-91.6%), from €3,719 to €312
- Financial income -€2,877
down €2,877 (-27.5%), from €10,477 to €7,600
- Depreciation +€2,632
up €2,632 (+23.5%), from €11,200 to €13,833
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 | €267,487 | €165,530 | -€101,957 | -38.1% |
| Fixed assets | 21/28 | €81,551 | €70,919 | -€10,632 | -13.0% |
| Tangible fixed assets | 22/27 | €81,499 | €70,919 | -€10,580 | -13.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,041 | €6,537 | -€2,505 | -27.7% |
| Other tangible fixed assets | 26 | €72,457 | €64,382 | -€8,075 | -11.1% |
| Financial fixed assets | 28 | €52 | €0 | -€52 | -100.0% |
| Current assets | 29/58 | €185,936 | €94,611 | -€91,325 | -49.1% |
| Amounts receivable within one year | 40/41 | €100,731 | €70,499 | -€30,231 | -30.0% |
| Trade receivables | 40 | €88,362 | €58,334 | -€30,027 | -34.0% |
| Other amounts receivable | 41 | €12,369 | €12,165 | -€204 | -1.6% |
| Current investments | 50/53 | €13,151 | €13,151 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,431 | €8,813 | -€51,618 | -85.4% |
| Deferred charges and accrued income | 490/1 | €11,623 | €2,147 | -€9,476 | -81.5% |
| Total equity and liabilities | 10/49 | €267,487 | €165,530 | -€101,957 | -38.1% |
| Equity | 10/15 | €142,915 | €102,243 | -€40,672 | -28.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,715 | €96,043 | -€40,672 | -29.7% |
| Distributable reserves | 133 | €136,715 | €96,043 | -€40,672 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,572 | €63,287 | -€61,285 | -49.2% |
| Amounts payable within one year | 42/48 | €124,172 | €62,887 | -€61,285 | -49.4% |
| Financial debts | 43 | €18 | €21 | +€3 | +17.4% |
| Credit institutions | 430/8 | €18 | €21 | +€3 | +17.4% |
| Trade debts | 44 | €96,815 | €48,095 | -€48,720 | -50.3% |
| Suppliers | 440/4 | €96,815 | €48,095 | -€48,720 | -50.3% |
| Taxes, remuneration and social security | 45 | €2,124 | €968 | -€1,157 | -54.5% |
| Taxes | 450/3 | €2,124 | €968 | -€1,157 | -54.5% |
| Other amounts payable | 47/48 | €25,215 | €13,804 | -€11,411 | -45.3% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,200 | €13,833 | +€2,632 | +23.5% |
| Other operating charges | 640/8 | €636 | €926 | +€289 | +45.4% |
| Gross operating margin | 9900 | €26,987 | -€23,052 | -€50,039 | |
| Operating profit (loss) | 9901 | €15,151 | -€37,810 | -€52,961 | |
| Financial income | 75/76B | €10,477 | €7,600 | -€2,877 | -27.5% |
| Recurring financial income | 75 | €10,477 | €7,600 | -€2,877 | -27.5% |
| Financial charges | 65/66B | €18,252 | €10,150 | -€8,103 | -44.4% |
| Recurring financial charges | 65 | €18,252 | €10,150 | -€8,103 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €7,375 | -€40,360 | -€47,735 | |
| Income taxes | 67/77 | €3,719 | €312 | -€3,407 | -91.6% |
| Profit (loss) for the period | 9904 | €3,656 | -€40,672 | -€44,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,656 | -€40,672 | -€44,328 |
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 10 October 2026 via checked.be.