Parenthèse M: 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.
Parenthèse M
Largest movements
- Tangible fixed assets +€11,598
up €11,598 (+135%), from €8,579 to €20,177
of which Other tangible fixed assets: +€6,102
- Cash -€4,233
down €4,233 (-32.6%), from €12,977 to €8,743
mainly Net result for the year (-€60,745) and Other debts (-€28,490)
- Deferred charges and accrued income +€3,695
up €3,695 (+716%), from €516 to €4,211
- Receivables within one year -€2,441
down €2,441 (-100%), from €2,441 to €0
- Profit (loss) carried forward -€60,745
down €60,745 (-64.0%), from -€94,987 to -€155,731
- Trade debts +€52,804
up €52,804 (+242%), from €21,809 to €74,613
- Tax, wage and social debts +€34,226
new in 2025: €34,226
of which Remuneration and social security: +€33,509
- Other debts -€28,490
down €28,490 (-42.1%), from €67,717 to €39,227
- Debts after one year +€14,500
up €14,500 (+41.4%), from €35,050 to €49,550
- Gross operating margin +€243,896
up €243,896 (+399%), from €61,199 to €305,096
- Staff costs +€208,704
up €208,704 (+137%), from €152,273 to €360,977
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 | €38,084 | €46,702 | +€8,618 | +22.6% |
| Fixed assets | 21/28 | €22,150 | €33,747 | +€11,598 | +52.4% |
| Tangible fixed assets | 22/27 | €8,579 | €20,177 | +€11,598 | +135% |
| Furniture and vehicles | 24 | €7,325 | €12,821 | +€5,496 | +75.0% |
| Other tangible fixed assets | 26 | €1,254 | €7,355 | +€6,102 | +487% |
| Financial fixed assets | 28 | €13,571 | €13,571 | = | 0.0% |
| Current assets | 29/58 | €15,934 | €12,954 | -€2,980 | -18.7% |
| Amounts receivable within one year | 40/41 | €2,441 | €0 | -€2,441 | -100% |
| Other amounts receivable | 41 | €2,441 | €0 | -€2,441 | -100% |
| Cash at bank and in hand | 54/58 | €12,977 | €8,743 | -€4,233 | -32.6% |
| Deferred charges and accrued income | 490/1 | €516 | €4,211 | +€3,695 | +716% |
| Total equity and liabilities | 10/49 | €38,084 | €46,702 | +€8,618 | +22.6% |
| Equity | 10/15 | -€92,487 | -€153,231 | -€60,745 | -65.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,987 | -€155,731 | -€60,745 | -64.0% |
| Amounts payable | 17/49 | €130,571 | €199,933 | +€69,362 | +53.1% |
| Amounts payable after more than one year | 17 | €35,050 | €49,550 | +€14,500 | +41.4% |
| Other amounts payable | 178/9 | €35,050 | €49,550 | +€14,500 | +41.4% |
| Amounts payable within one year | 42/48 | €89,526 | €148,066 | +€58,541 | +65.4% |
| Trade debts | 44 | €21,809 | €74,613 | +€52,804 | +242% |
| Suppliers | 440/4 | €21,809 | €74,613 | +€52,804 | +242% |
| Taxes, remuneration and social security | 45 | - | €34,226 | +€34,226 | |
| Taxes | 450/3 | - | €717 | +€717 | |
| Remuneration and social security | 454/9 | - | €33,509 | +€33,509 | |
| Other amounts payable | 47/48 | €67,717 | €39,227 | -€28,490 | -42.1% |
| Accrued charges and deferred income | 492/3 | €5,995 | €2,317 | -€3,678 | -61.4% |
| Remuneration, social security and pensions | 62 | €152,273 | €360,977 | +€208,704 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €4,079 | +€2,577 | +171% |
| Other operating charges | 640/8 | €1,809 | €526 | -€1,283 | -70.9% |
| Gross operating margin | 9900 | €61,199 | €305,096 | +€243,896 | +399% |
| Operating profit (loss) | 9901 | -€94,385 | -€60,487 | +€33,898 | +35.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €602 | €259 | -€342 | -56.9% |
| Recurring financial charges | 65 | €602 | €259 | -€342 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€94,987 | -€60,745 | +€34,242 | +36.0% |
| Profit (loss) for the period | 9904 | -€94,987 | -€60,745 | +€34,242 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,987 | -€60,745 | +€34,242 | +36.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.