OUTSET: 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.
OUTSET
Largest movements
- Receivables within one year -€112,082
down €112,082 (-89.5%), from €125,235 to €13,153
of which Trade receivables: -€102,273
- Cash +€76,431
up €76,431 (+31.8%), from €240,677 to €317,107
mainly Receivables within one year (+€112,082) and Trade debts (+€8,262)
- Profit (loss) carried forward -€37,200
down €37,200 (-714.4%), from -€5,207 to -€42,408
- Trade debts +€8,262
up €8,262 (+230.6%), from €3,583 to €11,845
- Gross operating margin -€32,387
down €32,387, from €4,708 to -€27,679
- Financial charges -€3,889
down €3,889 (-24.4%), from €15,923 to €12,034
- Financial income +€1,016
up €1,016 (+54.2%), from €1,877 to €2,893
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 | €365,912 | €330,261 | -€35,651 | -9.7% |
| Current assets | 29/58 | €365,912 | €330,261 | -€35,651 | -9.7% |
| Amounts receivable within one year | 40/41 | €125,235 | €13,153 | -€112,082 | -89.5% |
| Trade receivables | 40 | €108,669 | €6,396 | -€102,273 | -94.1% |
| Other amounts receivable | 41 | €16,566 | €6,757 | -€9,809 | -59.2% |
| Cash at bank and in hand | 54/58 | €240,677 | €317,107 | +€76,431 | +31.8% |
| Total equity and liabilities | 10/49 | €365,912 | €330,261 | -€35,651 | -9.7% |
| Equity | 10/15 | €179,596 | €142,396 | -€37,200 | -20.7% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €67,054 | €67,054 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €435 | €435 | = | 0.0% |
| Distributable reserves | 133 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,207 | -€42,408 | -€37,200 | -714.4% |
| Amounts payable | 17/49 | €186,315 | €187,864 | +€1,549 | +0.8% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,879 | €16,536 | +€4,657 | +39.2% |
| Trade debts | 44 | €3,583 | €11,845 | +€8,262 | +230.6% |
| Suppliers | 440/4 | €3,583 | €11,845 | +€8,262 | +230.6% |
| Other amounts payable | 47/48 | €8,297 | €4,691 | -€3,605 | -43.5% |
| Accrued charges and deferred income | 492/3 | €14,436 | €11,328 | -€3,108 | -21.5% |
| Other operating charges | 640/8 | €267 | €380 | +€113 | +42.5% |
| Gross operating margin | 9900 | €4,708 | -€27,679 | -€32,387 | |
| Operating profit (loss) | 9901 | €4,441 | -€28,059 | -€32,501 | |
| Financial income | 75/76B | €1,877 | €2,893 | +€1,016 | +54.2% |
| Recurring financial income | 75 | €1,877 | €2,893 | +€1,016 | +54.2% |
| Financial charges | 65/66B | €15,923 | €12,034 | -€3,889 | -24.4% |
| Recurring financial charges | 65 | €15,923 | €12,034 | -€3,889 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,605 | -€37,200 | -€27,595 | -287.3% |
| Profit (loss) for the period | 9904 | -€9,605 | -€37,200 | -€27,595 | -287.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,605 | -€37,200 | -€27,595 | -287.3% |
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 11 October 2026 via checked.be.