PDF EVENTS: 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.
PDF EVENTS
Largest movements
- Tangible fixed assets -€10,550
down €10,550 (-27.3%), from €38,588 to €28,038
of which Furniture and vehicles: -€8,620
- Receivables within one year -€6,433
down €6,433 (-37.0%), from €17,380 to €10,947
of which Other amounts receivable: -€13,111
- Cash -€3,305
no longer reported in 2025 (was €3,305)
mainly Net result for the year (-€19,498) and Other debts (-€11,606)
- Deferred charges and accrued income -€766
down €766 (-51.7%), from €1,482 to €717
- Profit (loss) carried forward -€19,498
down €19,498 (-37.5%), from -€51,926 to -€71,423
- Other debts -€11,606
down €11,606 (-12.2%), from €95,470 to €83,865
- Short-term financial debts +€7,159
new in 2025: €7,159
- Trade debts +€4,847
up €4,847 (+150%), from €3,229 to €8,076
- Debts after one year -€2,051
down €2,051 (-48.7%), from €4,215 to €2,164
- Depreciation +€2,632
up €2,632 (+33.2%), from €7,918 to €10,550
- Gross operating margin -€1,904
down €1,904 (-37.0%), from -€5,141 to -€7,045
- Financial charges -€191
down €191 (-17.4%), from €1,096 to €905
- Other operating charges -€126
down €126 (-11.2%), from €1,125 to €999
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 | €61,005 | €39,951 | -€21,054 | -34.5% |
| Fixed assets | 21/28 | €38,838 | €28,288 | -€10,550 | -27.2% |
| Tangible fixed assets | 22/27 | €38,588 | €28,038 | -€10,550 | -27.3% |
| Furniture and vehicles | 24 | €30,673 | €22,053 | -€8,620 | -28.1% |
| Other tangible fixed assets | 26 | €7,915 | €5,984 | -€1,930 | -24.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €22,167 | €11,664 | -€10,504 | -47.4% |
| Amounts receivable within one year | 40/41 | €17,380 | €10,947 | -€6,433 | -37.0% |
| Trade receivables | 40 | €3,051 | €9,729 | +€6,679 | +219% |
| Other amounts receivable | 41 | €14,329 | €1,218 | -€13,111 | -91.5% |
| Cash at bank and in hand | 54/58 | €3,305 | - | -€3,305 | |
| Deferred charges and accrued income | 490/1 | €1,482 | €717 | -€766 | -51.7% |
| Total equity and liabilities | 10/49 | €61,005 | €39,951 | -€21,054 | -34.5% |
| Equity | 10/15 | -€43,866 | -€63,363 | -€19,498 | -44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,926 | -€71,423 | -€19,498 | -37.5% |
| Amounts payable | 17/49 | €104,871 | €103,315 | -€1,556 | -1.5% |
| Amounts payable after more than one year | 17 | €4,215 | €2,164 | -€2,051 | -48.7% |
| Financial debts | 170/4 | €4,215 | €2,164 | -€2,051 | -48.7% |
| Amounts payable within one year | 42/48 | €100,642 | €101,151 | +€508 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €1,943 | €2,051 | +€108 | +5.5% |
| Financial debts | 43 | - | €7,159 | +€7,159 | |
| Credit institutions | 430/8 | - | €7,159 | +€7,159 | |
| Trade debts | 44 | €3,229 | €8,076 | +€4,847 | +150% |
| Suppliers | 440/4 | €3,229 | €8,076 | +€4,847 | +150% |
| Other amounts payable | 47/48 | €95,470 | €83,865 | -€11,606 | -12.2% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Non-recurring operating income | 76A | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,918 | €10,550 | +€2,632 | +33.2% |
| Other operating charges | 640/8 | €1,125 | €999 | -€126 | -11.2% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | -€5,141 | -€7,045 | -€1,904 | -37.0% |
| Operating profit (loss) | 9901 | -€14,184 | -€18,597 | -€4,413 | -31.1% |
| Financial income | 75/76B | €1 | €4 | +€4 | +496% |
| Recurring financial income | 75 | €1 | €4 | +€4 | +496% |
| Financial charges | 65/66B | €1,096 | €905 | -€191 | -17.4% |
| Recurring financial charges | 65 | €1,096 | €905 | -€191 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,279 | -€19,498 | -€4,219 | -27.6% |
| Profit (loss) for the period | 9904 | -€15,279 | -€19,498 | -€4,219 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,279 | -€19,498 | -€4,219 | -27.6% |
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 16 October 2026 via checked.be.