P.A.: 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.
P.A.
Largest movements
- Cash -€2,562
down €2,562 (-48.5%), from €5,285 to €2,723
mainly Net result for the year (-€5,690) and Deferred charges and accrued income (-€555)
- Tangible fixed assets -€1,812
no longer reported in 2025 (was €1,812)
- Receivables within one year -€1,794
down €1,794 (-15.7%), from €11,421 to €9,628
of which Trade receivables: -€1,787
- Deferred charges and accrued income +€555
up €555 (+39.1%), from €1,420 to €1,976
- Profit (loss) carried forward -€5,690
down €5,690 (-381%), from -€1,494 to -€7,184
- Gross operating margin -€3,917
down €3,917, from €888 to -€3,030
- Depreciation -€1,460
down €1,460 (-44.6%), from €3,273 to €1,812
- Other operating charges -€308
down €308 (-38.3%), from €804 to €496
- Financial charges +€132
up €132 (+60.1%), from €220 to €352
- Financial income -€124
no longer reported in 2025 (was €124)
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 | €20,126 | €14,513 | -€5,613 | -27.9% |
| Fixed assets | 21/28 | €1,999 | €186 | -€1,812 | -90.7% |
| Tangible fixed assets | 22/27 | €1,812 | - | -€1,812 | |
| Furniture and vehicles | 24 | €1,812 | - | -€1,812 | |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €18,127 | €14,326 | -€3,801 | -21.0% |
| Amounts receivable within one year | 40/41 | €11,421 | €9,628 | -€1,794 | -15.7% |
| Trade receivables | 40 | €10,380 | €8,593 | -€1,787 | -17.2% |
| Other amounts receivable | 41 | €1,042 | €1,035 | -€6 | -0.6% |
| Cash at bank and in hand | 54/58 | €5,285 | €2,723 | -€2,562 | -48.5% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,976 | +€555 | +39.1% |
| Total equity and liabilities | 10/49 | €20,126 | €14,513 | -€5,613 | -27.9% |
| Equity | 10/15 | €18,957 | €13,268 | -€5,690 | -30.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,494 | -€7,184 | -€5,690 | -381% |
| Amounts payable | 17/49 | €1,168 | €1,245 | +€77 | +6.6% |
| Amounts payable within one year | 42/48 | €1,168 | €1,245 | +€77 | +6.6% |
| Trade debts | 44 | €847 | €938 | +€91 | +10.7% |
| Suppliers | 440/4 | €847 | €938 | +€91 | +10.7% |
| Taxes, remuneration and social security | 45 | €321 | €307 | -€14 | -4.4% |
| Taxes | 450/3 | €321 | €307 | -€14 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,273 | €1,812 | -€1,460 | -44.6% |
| Other operating charges | 640/8 | €804 | €496 | -€308 | -38.3% |
| Gross operating margin | 9900 | €888 | -€3,030 | -€3,917 | |
| Operating profit (loss) | 9901 | -€3,189 | -€5,338 | -€2,149 | -67.4% |
| Financial income | 75/76B | €124 | - | -€124 | |
| Recurring financial income | 75 | €124 | - | -€124 | |
| Financial charges | 65/66B | €220 | €352 | +€132 | +60.1% |
| Recurring financial charges | 65 | €220 | €352 | +€132 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,284 | -€5,690 | -€2,405 | -73.2% |
| Profit (loss) for the period | 9904 | -€3,284 | -€5,690 | -€2,405 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,284 | -€5,690 | -€2,405 | -73.2% |
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 19 October 2026 via checked.be.