PERFORMANCE MANAGEMENT: 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.
PERFORMANCE MANAGEMENT
Largest movements
- Current investments +€10,000
up €10,000 (+10.6%), from €94,000 to €104,000
- Cash -€9,261
down €9,261 (-43.7%), from €21,177 to €11,916
mainly Current investments (-€10,000) and Investment in fixed assets (net) (-€1,110)
- Profit (loss) carried forward +€2,896
up €2,896 (+39.6%), from -€7,310 to -€4,414
- Financial charges +€1,350
up €1,350 (+228.4%), from €591 to €1,941
- Depreciation -€1,110
down €1,110 (-58.7%), from €1,890 to €780
- Gross operating margin -€939
down €939 (-9.7%), from €9,650 to €8,711
- Financial income +€910
up €910 (+4333.3%), from €21 to €931
- Taxes -€524
down €524 (-16.4%), from €3,195 to €2,671
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 | €124,350 | €126,334 | +€1,984 | +1.6% |
| Fixed assets | 21/28 | €2,659 | €2,989 | +€330 | +12.4% |
| Tangible fixed assets | 22/27 | €1,804 | €2,159 | +€355 | +19.7% |
| Furniture and vehicles | 24 | €1,804 | €2,159 | +€355 | +19.7% |
| Financial fixed assets | 28 | €855 | €830 | -€25 | -2.9% |
| Current assets | 29/58 | €121,691 | €123,345 | +€1,654 | +1.4% |
| Amounts receivable within one year | 40/41 | €6,308 | €7,267 | +€959 | +15.2% |
| Trade receivables | 40 | €476 | - | -€476 | |
| Other amounts receivable | 41 | €5,832 | €7,267 | +€1,435 | +24.6% |
| Current investments | 50/53 | €94,000 | €104,000 | +€10,000 | +10.6% |
| Cash at bank and in hand | 54/58 | €21,177 | €11,916 | -€9,261 | -43.7% |
| Deferred charges and accrued income | 490/1 | €206 | €162 | -€44 | -21.4% |
| Total equity and liabilities | 10/49 | €124,350 | €126,334 | +€1,984 | +1.6% |
| Equity | 10/15 | €116,782 | €119,678 | +€2,896 | +2.5% |
| Contributions | 10/11 | €122,092 | €122,092 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,310 | -€4,414 | +€2,896 | +39.6% |
| Amounts payable | 17/49 | €7,568 | €6,656 | -€912 | -12.1% |
| Amounts payable after more than one year | 17 | €5,762 | €4,963 | -€799 | -13.9% |
| Other amounts payable | 178/9 | €5,762 | €4,963 | -€799 | -13.9% |
| Amounts payable within one year | 42/48 | €1,806 | €847 | -€959 | -53.1% |
| Trade debts | 44 | €1,806 | €847 | -€959 | -53.1% |
| Suppliers | 440/4 | €1,806 | €847 | -€959 | -53.1% |
| Accrued charges and deferred income | 492/3 | - | €846 | +€846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,890 | €780 | -€1,110 | -58.7% |
| Other operating charges | 640/8 | €581 | €604 | +€23 | +4.0% |
| Non-recurring operating charges | 66A | €35 | €750 | +€715 | +2042.9% |
| Gross operating margin | 9900 | €9,650 | €8,711 | -€939 | -9.7% |
| Operating profit (loss) | 9901 | €7,144 | €6,577 | -€567 | -7.9% |
| Financial income | 75/76B | €21 | €931 | +€910 | +4333.3% |
| Recurring financial income | 75 | €21 | €931 | +€910 | +4333.3% |
| Financial charges | 65/66B | €591 | €1,941 | +€1,350 | +228.4% |
| Recurring financial charges | 65 | €591 | €1,941 | +€1,350 | +228.4% |
| Profit (loss) for the period before taxes | 9903 | €6,574 | €5,567 | -€1,007 | -15.3% |
| Income taxes | 67/77 | €3,195 | €2,671 | -€524 | -16.4% |
| Profit (loss) for the period | 9904 | €3,379 | €2,896 | -€483 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,379 | €2,896 | -€483 | -14.3% |
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 4 October 2026 via checked.be.