Parcours: 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.
Parcours
Largest movements
- Cash -€11,719
down €11,719 (-93.8%), from €12,492 to €773
mainly Net result for the year (-€23,268) and Trade debts (-€4,682)
- Tangible fixed assets -€6,161
down €6,161 (-43.7%), from €14,113 to €7,952
of which Furniture and vehicles: -€5,614
- Deferred charges and accrued income -€3,108
down €3,108 (-83.3%), from €3,731 to €624
- Receivables within one year -€2,389
down €2,389 (-49.7%), from €4,803 to €2,414
of which Other amounts receivable: -€2,640
- Profit (loss) carried forward -€23,268
down €23,268 (-96.0%), from €24,249 to €981
- Other debts +€6,468
up €6,468, from €0 to €6,468
- Trade debts -€4,682
down €4,682 (-78.9%), from €5,932 to €1,249
- Tax, wage and social debts -€1,894
down €1,894 (-85.8%), from €2,208 to €314
of which Remuneration and social security: -€1,317
- Gross operating margin -€37,195
down €37,195, from €21,560 to -€15,635
- Taxes -€3,976
down €3,976 (-95.8%), from €4,149 to €173
- Depreciation +€1,806
up €1,806 (+41.5%), from €4,355 to €6,161
- Other operating charges -€1,492
down €1,492 (-63.6%), from €2,346 to €855
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 | €35,139 | €11,762 | -€23,377 | -66.5% |
| Fixed assets | 21/28 | €14,113 | €7,952 | -€6,161 | -43.7% |
| Tangible fixed assets | 22/27 | €14,113 | €7,952 | -€6,161 | -43.7% |
| Plant, machinery and equipment | 23 | €939 | €391 | -€548 | -58.3% |
| Furniture and vehicles | 24 | €13,174 | €7,560 | -€5,614 | -42.6% |
| Current assets | 29/58 | €21,026 | €3,811 | -€17,215 | -81.9% |
| Amounts receivable within one year | 40/41 | €4,803 | €2,414 | -€2,389 | -49.7% |
| Trade receivables | 40 | €0 | €252 | +€252 | |
| Other amounts receivable | 41 | €4,803 | €2,162 | -€2,640 | -55.0% |
| Cash at bank and in hand | 54/58 | €12,492 | €773 | -€11,719 | -93.8% |
| Deferred charges and accrued income | 490/1 | €3,731 | €624 | -€3,108 | -83.3% |
| Total equity and liabilities | 10/49 | €35,139 | €11,762 | -€23,377 | -66.5% |
| Equity | 10/15 | €26,999 | €3,731 | -€23,268 | -86.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,249 | €981 | -€23,268 | -96.0% |
| Amounts payable | 17/49 | €8,140 | €8,032 | -€109 | -1.3% |
| Amounts payable within one year | 42/48 | €8,140 | €8,032 | -€109 | -1.3% |
| Trade debts | 44 | €5,932 | €1,249 | -€4,682 | -78.9% |
| Suppliers | 440/4 | €5,932 | €1,249 | -€4,682 | -78.9% |
| Taxes, remuneration and social security | 45 | €2,208 | €314 | -€1,894 | -85.8% |
| Taxes | 450/3 | €891 | €314 | -€577 | -64.7% |
| Remuneration and social security | 454/9 | €1,317 | €0 | -€1,317 | -100.0% |
| Other amounts payable | 47/48 | €0 | €6,468 | +€6,468 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,355 | €6,161 | +€1,806 | +41.5% |
| Other operating charges | 640/8 | €2,346 | €855 | -€1,492 | -63.6% |
| Gross operating margin | 9900 | €21,560 | -€15,635 | -€37,195 | |
| Operating profit (loss) | 9901 | €14,859 | -€22,651 | -€37,510 | |
| Financial income | 75/76B | €10 | €9 | -€1 | -10.2% |
| Recurring financial income | 75 | €10 | €9 | -€1 | -10.2% |
| Financial charges | 65/66B | €544 | €453 | -€91 | -16.7% |
| Recurring financial charges | 65 | €544 | €453 | -€91 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €14,326 | -€23,095 | -€37,421 | |
| Income taxes | 67/77 | €4,149 | €173 | -€3,976 | -95.8% |
| Profit (loss) for the period | 9904 | €10,177 | -€23,268 | -€33,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,177 | -€23,268 | -€33,445 |
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 6 October 2026 via checked.be.