Paradigm Shift: 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.
Paradigm Shift
Largest movements
- Stocks and contracts +€30,000
up €30,000 (+200.0%), from €15,000 to €45,000
- Current investments -€28,480
down €28,480 (-10.5%), from €271,244 to €242,764
- Cash -€19,967
down €19,967 (-80.2%), from €24,908 to €4,941
mainly Stocks and contracts (-€30,000) and Tax, wage and social debts (-€28,341)
- Receivables within one year +€9,657
up €9,657 (+86.3%), from €11,193 to €20,850
of which Other amounts receivable: +€17,278
- Tax, wage and social debts -€28,341
down €28,341 (-64.3%), from €44,098 to €15,757
of which Taxes: -€28,341
- Reserves +€17,934
up €17,934 (+9.4%), from €190,725 to €208,659
- Gross operating margin -€59,016
down €59,016 (-66.7%), from €88,502 to €29,486
- Taxes -€11,607
down €11,607 (-68.9%), from €16,847 to €5,240
- Depreciation -€3,701
down €3,701 (-41.8%), from €8,855 to €5,154
- Financial income -€1,810
down €1,810 (-39.5%), from €4,589 to €2,778
- Financial charges +€1,581
up €1,581 (+142.6%), from €1,108 to €2,689
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 | €329,415 | €318,517 | -€10,898 | -3.3% |
| Fixed assets | 21/28 | €6,489 | €4,360 | -€2,129 | -32.8% |
| Tangible fixed assets | 22/27 | €6,489 | €4,360 | -€2,129 | -32.8% |
| Furniture and vehicles | 24 | €6,489 | €1,349 | -€5,141 | -79.2% |
| Other tangible fixed assets | 26 | - | €3,012 | +€3,012 | |
| Current assets | 29/58 | €322,926 | €314,157 | -€8,769 | -2.7% |
| Stocks and contracts in progress | 3 | €15,000 | €45,000 | +€30,000 | +200.0% |
| Stocks | 30/36 | €15,000 | €45,000 | +€30,000 | +200.0% |
| Amounts receivable within one year | 40/41 | €11,193 | €20,850 | +€9,657 | +86.3% |
| Trade receivables | 40 | €11,117 | €3,496 | -€7,621 | -68.6% |
| Other amounts receivable | 41 | €77 | €17,354 | +€17,278 | +22496.8% |
| Current investments | 50/53 | €271,244 | €242,764 | -€28,480 | -10.5% |
| Cash at bank and in hand | 54/58 | €24,908 | €4,941 | -€19,967 | -80.2% |
| Deferred charges and accrued income | 490/1 | €581 | €602 | +€21 | +3.7% |
| Total equity and liabilities | 10/49 | €329,415 | €318,517 | -€10,898 | -3.3% |
| Equity | 10/15 | €196,725 | €214,659 | +€17,934 | +9.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €190,725 | €208,659 | +€17,934 | +9.4% |
| Distributable reserves | 133 | €190,725 | €208,659 | +€17,934 | +9.4% |
| Amounts payable | 17/49 | €132,690 | €103,859 | -€28,831 | -21.7% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,400 | €41,853 | -€28,547 | -40.5% |
| Trade debts | 44 | €2,169 | €379 | -€1,791 | -82.5% |
| Suppliers | 440/4 | €2,169 | €379 | -€1,791 | -82.5% |
| Taxes, remuneration and social security | 45 | €44,098 | €15,757 | -€28,341 | -64.3% |
| Taxes | 450/3 | €44,098 | €15,757 | -€28,341 | -64.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,132 | €25,717 | +€1,585 | +6.6% |
| Accrued charges and deferred income | 492/3 | €2,291 | €2,006 | -€285 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,855 | €5,154 | -€3,701 | -41.8% |
| Other operating charges | 640/8 | €1,204 | €1,247 | +€44 | +3.6% |
| Gross operating margin | 9900 | €88,502 | €29,486 | -€59,016 | -66.7% |
| Operating profit (loss) | 9901 | €78,444 | €23,085 | -€55,359 | -70.6% |
| Financial income | 75/76B | €4,589 | €2,778 | -€1,810 | -39.5% |
| Recurring financial income | 75 | €4,589 | €2,778 | -€1,810 | -39.5% |
| Financial charges | 65/66B | €1,108 | €2,689 | +€1,581 | +142.6% |
| Recurring financial charges | 65 | €1,108 | €2,689 | +€1,581 | +142.6% |
| Profit (loss) for the period before taxes | 9903 | €81,924 | €23,174 | -€58,750 | -71.7% |
| Income taxes | 67/77 | €16,847 | €5,240 | -€11,607 | -68.9% |
| Profit (loss) for the period | 9904 | €65,077 | €17,934 | -€47,143 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,077 | €17,934 | -€47,143 | -72.4% |
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 12 October 2026 via checked.be.