OUT & LET: 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.
OUT & LET
Largest movements
- Stocks and contracts -€13,170
no longer reported in 2025 (was €13,170)
- Receivables within one year -€10,392
no longer reported in 2025 (was €10,392)
of which Other amounts receivable: -€10,295
- Cash +€6,506
up €6,506 (+13.6%), from €47,781 to €54,287
mainly Stocks and contracts (+€13,170) and Receivables within one year (+€10,392)
- Tangible fixed assets -€804
down €804 (-27.1%), from €2,967 to €2,163
of which Other tangible fixed assets: -€554
- Tax, wage and social debts -€22,744
down €22,744 (-91.3%), from €24,916 to €2,172
of which Taxes: -€18,036
- Profit (loss) carried forward +€6,515
new in 2025: €6,515
- Trade debts -€1,630
no longer reported in 2025 (was €1,630)
- Gross operating margin -€52,276
down €52,276 (-65.7%), from €79,519 to €27,243
- Staff costs -€22,499
down €22,499 (-60.7%), from €37,043 to €14,544
- Taxes +€2,171
new in 2025: €2,171
- Financial charges -€1,489
down €1,489 (-66.1%), from €2,251 to €762
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 | €80,310 | €62,450 | -€17,860 | -22.2% |
| Fixed assets | 21/28 | €8,967 | €8,163 | -€804 | -9.0% |
| Tangible fixed assets | 22/27 | €2,967 | €2,163 | -€804 | -27.1% |
| Furniture and vehicles | 24 | €1,062 | €812 | -€250 | -23.5% |
| Other tangible fixed assets | 26 | €1,905 | €1,351 | -€554 | -29.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €71,343 | €54,287 | -€17,056 | -23.9% |
| Stocks and contracts in progress | 3 | €13,170 | - | -€13,170 | |
| Stocks | 30/36 | €13,170 | - | -€13,170 | |
| Amounts receivable within one year | 40/41 | €10,392 | - | -€10,392 | |
| Trade receivables | 40 | €97 | - | -€97 | |
| Other amounts receivable | 41 | €10,295 | - | -€10,295 | |
| Cash at bank and in hand | 54/58 | €47,781 | €54,287 | +€6,506 | +13.6% |
| Total equity and liabilities | 10/49 | €80,310 | €62,450 | -€17,860 | -22.2% |
| Equity | 10/15 | €10 | €6,525 | +€6,515 | +65150.0% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,515 | +€6,515 | |
| Amounts payable | 17/49 | €80,300 | €55,925 | -€24,375 | -30.4% |
| Amounts payable within one year | 42/48 | €80,300 | €55,925 | -€24,375 | -30.4% |
| Trade debts | 44 | €1,630 | - | -€1,630 | |
| Suppliers | 440/4 | €1,630 | - | -€1,630 | |
| Taxes, remuneration and social security | 45 | €24,916 | €2,172 | -€22,744 | -91.3% |
| Taxes | 450/3 | €20,208 | €2,172 | -€18,036 | -89.3% |
| Remuneration and social security | 454/9 | €4,708 | - | -€4,708 | |
| Other amounts payable | 47/48 | €53,754 | €53,753 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €37,043 | €14,544 | -€22,499 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €804 | +€63 | +8.5% |
| Other operating charges | 640/8 | €1,835 | €2,447 | +€612 | +33.4% |
| Gross operating margin | 9900 | €79,519 | €27,243 | -€52,276 | -65.7% |
| Operating profit (loss) | 9901 | €39,900 | €9,448 | -€30,452 | -76.3% |
| Financial charges | 65/66B | €2,251 | €762 | -€1,489 | -66.1% |
| Recurring financial charges | 65 | €2,251 | €762 | -€1,489 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €37,649 | €8,686 | -€28,963 | -76.9% |
| Income taxes | 67/77 | - | €2,171 | +€2,171 | |
| Profit (loss) for the period | 9904 | €37,649 | €6,515 | -€31,134 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,649 | €6,515 | -€31,134 | -82.7% |
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 5 October 2026 via checked.be.