PERSPECTIVE BRUSSELS: 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.
PERSPECTIVE BRUSSELS
Largest movements
- Intangible fixed assets +€9,811
up €9,811 (+119.0%), from €8,243 to €18,055
- Cash -€9,616
down €9,616 (-97.5%), from €9,859 to €244
mainly Investment in fixed assets (net) (-€12,602) and Trade debts (-€6,543)
- Deferred charges and accrued income -€5,500
down €5,500 (-100.0%), from €5,500 to €0
- Receivables within one year +€292
up €292 (+13.3%), from €2,191 to €2,483
of which Other amounts receivable: +€252
- Trade debts -€6,543
down €6,543 (-32.2%), from €20,307 to €13,764
- Profit (loss) carried forward +€3,621
up €3,621 (+1941.2%), from €187 to €3,807
- Accrued charges and deferred income -€2,720
down €2,720 (-100.0%), from €2,720 to €0
- Tax, wage and social debts +€630
up €630 (+791.6%), from €80 to €709
- Gross operating margin +€4,709
up €4,709 (+169.8%), from €2,773 to €7,482
- Depreciation +€1,160
up €1,160 (+71.2%), from €1,630 to €2,791
- Taxes +€550
up €550 (+691.6%), from €80 to €630
- Other operating charges -€438
down €438 (-52.3%), from €837 to €400
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 | €25,793 | €20,781 | -€5,012 | -19.4% |
| Fixed assets | 21/28 | €8,243 | €18,055 | +€9,811 | +119.0% |
| Intangible fixed assets | 21 | €8,243 | €18,055 | +€9,811 | +119.0% |
| Current assets | 29/58 | €17,550 | €2,727 | -€14,823 | -84.5% |
| Amounts receivable within one year | 40/41 | €2,191 | €2,483 | +€292 | +13.3% |
| Trade receivables | 40 | - | €40 | +€40 | |
| Other amounts receivable | 41 | €2,191 | €2,443 | +€252 | +11.5% |
| Cash at bank and in hand | 54/58 | €9,859 | €244 | -€9,616 | -97.5% |
| Deferred charges and accrued income | 490/1 | €5,500 | €0 | -€5,500 | -100.0% |
| Total equity and liabilities | 10/49 | €25,793 | €20,781 | -€5,012 | -19.4% |
| Equity | 10/15 | €2,687 | €6,307 | +€3,621 | +134.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187 | €3,807 | +€3,621 | +1941.2% |
| Amounts payable | 17/49 | €23,107 | €14,474 | -€8,633 | -37.4% |
| Amounts payable within one year | 42/48 | €20,387 | €14,474 | -€5,913 | -29.0% |
| Trade debts | 44 | €20,307 | €13,764 | -€6,543 | -32.2% |
| Suppliers | 440/4 | €20,307 | €13,764 | -€6,543 | -32.2% |
| Taxes, remuneration and social security | 45 | €80 | €709 | +€630 | +791.6% |
| Taxes | 450/3 | €80 | €709 | +€630 | +791.6% |
| Accrued charges and deferred income | 492/3 | €2,720 | €0 | -€2,720 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,630 | €2,791 | +€1,160 | +71.2% |
| Other operating charges | 640/8 | €837 | €400 | -€438 | -52.3% |
| Gross operating margin | 9900 | €2,773 | €7,482 | +€4,709 | +169.8% |
| Operating profit (loss) | 9901 | €305 | €4,291 | +€3,986 | +1306.3% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €266 | €4,251 | +€3,985 | +1497.4% |
| Income taxes | 67/77 | €80 | €630 | +€550 | +691.6% |
| Profit (loss) for the period | 9904 | €187 | €3,621 | +€3,434 | +1841.2% |
| Profit (loss) for the period to be appropriated | 9905 | €187 | €3,621 | +€3,434 | +1841.2% |
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.