Outside the Corral: 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.
Outside the Corral
Largest movements
- Deferred charges and accrued income -€21,301
down €21,301 (-53.1%), from €40,132 to €18,832
- Receivables within one year -€19,751
down €19,751 (-93.2%), from €21,195 to €1,443
of which Trade receivables: -€17,608
- Cash +€12,879
up €12,879 (+28.0%), from €46,048 to €58,928
mainly Trade debts (+€23,764) and Deferred charges and accrued income (+€21,301)
- Intangible fixed assets +€2,019
up €2,019 (+45.4%), from €4,450 to €6,469
- Accrued charges and deferred income -€61,064
down €61,064 (-84.3%), from €72,442 to €11,378
- Trade debts +€23,764
up €23,764 (+336%), from €7,073 to €30,837
- Other debts +€7,936
up €7,936 (+1,011%), from €785 to €8,721
- Reserves +€2,773
up €2,773 (+104%), from €2,676 to €5,449
- Depreciation +€1,646
up €1,646 (+263%), from €626 to €2,273
- Gross operating margin -€1,584
down €1,584 (-19.2%), from €8,238 to €6,653
- Financial charges -€1,118
down €1,118 (-41.0%), from €2,725 to €1,608
- Other operating charges -€1,109
down €1,109 (-68.1%), from €1,629 to €520
- Financial income +€941
up €941 (+139%), from €677 to €1,618
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.
Derived cash bridge
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 | €112,976 | €86,428 | -€26,548 | -23.5% |
| Fixed assets | 21/28 | €5,601 | €7,225 | +€1,624 | +29.0% |
| Intangible fixed assets | 21 | €4,450 | €6,469 | +€2,019 | +45.4% |
| Tangible fixed assets | 22/27 | €1,151 | €757 | -€394 | -34.2% |
| Plant, machinery and equipment | 23 | €1,151 | €757 | -€394 | -34.2% |
| Current assets | 29/58 | €107,375 | €79,203 | -€28,173 | -26.2% |
| Amounts receivable within one year | 40/41 | €21,195 | €1,443 | -€19,751 | -93.2% |
| Trade receivables | 40 | €17,608 | - | -€17,608 | |
| Other amounts receivable | 41 | €3,586 | €1,443 | -€2,143 | -59.8% |
| Cash at bank and in hand | 54/58 | €46,048 | €58,928 | +€12,879 | +28.0% |
| Deferred charges and accrued income | 490/1 | €40,132 | €18,832 | -€21,301 | -53.1% |
| Total equity and liabilities | 10/49 | €112,976 | €86,428 | -€26,548 | -23.5% |
| Equity | 10/15 | €32,676 | €35,449 | +€2,773 | +8.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,676 | €5,449 | +€2,773 | +104% |
| Distributable reserves | 133 | €2,676 | €5,449 | +€2,773 | +104% |
| Amounts payable | 17/49 | €80,300 | €50,979 | -€29,321 | -36.5% |
| Amounts payable within one year | 42/48 | €7,858 | €39,601 | +€31,743 | +404% |
| Trade debts | 44 | €7,073 | €30,837 | +€23,764 | +336% |
| Suppliers | 440/4 | €7,073 | €30,837 | +€23,764 | +336% |
| Taxes, remuneration and social security | 45 | - | €43 | +€43 | |
| Taxes | 450/3 | - | €43 | +€43 | |
| Other amounts payable | 47/48 | €785 | €8,721 | +€7,936 | +1,011% |
| Accrued charges and deferred income | 492/3 | €72,442 | €11,378 | -€61,064 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €626 | €2,273 | +€1,646 | +263% |
| Other operating charges | 640/8 | €1,629 | €520 | -€1,109 | -68.1% |
| Gross operating margin | 9900 | €8,238 | €6,653 | -€1,584 | -19.2% |
| Operating profit (loss) | 9901 | €5,983 | €3,861 | -€2,122 | -35.5% |
| Financial income | 75/76B | €677 | €1,618 | +€941 | +139% |
| Recurring financial income | 75 | €677 | €1,618 | +€941 | +139% |
| Financial charges | 65/66B | €2,725 | €1,608 | -€1,118 | -41.0% |
| Recurring financial charges | 65 | €2,725 | €1,608 | -€1,118 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €3,934 | €3,871 | -€63 | -1.6% |
| Income taxes | 67/77 | €824 | €1,098 | +€274 | +33.2% |
| Profit (loss) for the period | 9904 | €3,110 | €2,773 | -€337 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,110 | €2,773 | -€337 | -10.8% |
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 29 October 2026 via checked.be.