PERSPECTIVE CONSTRUCT: 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.
PERSPECTIVE CONSTRUCT
Largest movements
- Cash -€9,571
down €9,571 (-10.9%), from €87,438 to €77,868
mainly Net result for the year (-€5,033) and Other debts (-€3,532)
- Reserves -€5,033
down €5,033 (-28.0%), from €18,006 to €12,973
of which Distributable reserves: -€5,033
- Other debts -€3,532
down €3,532 (-100.0%), from €3,532 to €0
- Trade debts -€1,006
down €1,006 (-20.0%), from €5,037 to €4,031
- Gross operating margin +€7,344
up €7,344 (+62.0%), from -€11,838 to -€4,494
- Other operating charges -€2,462
down €2,462 (-85.3%), from €2,887 to €425
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 | €89,075 | €79,504 | -€9,571 | -10.7% |
| Current assets | 29/58 | €89,075 | €79,504 | -€9,571 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,636 | €1,636 | = | 0.0% |
| Other amounts receivable | 41 | €1,636 | €1,636 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,438 | €77,868 | -€9,571 | -10.9% |
| Total equity and liabilities | 10/49 | €89,075 | €79,504 | -€9,571 | -10.7% |
| Equity | 10/15 | €80,506 | €75,473 | -€5,033 | -6.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €18,006 | €12,973 | -€5,033 | -28.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €11,756 | €6,723 | -€5,033 | -42.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,569 | €4,031 | -€4,537 | -53.0% |
| Amounts payable within one year | 42/48 | €8,569 | €4,031 | -€4,537 | -53.0% |
| Trade debts | 44 | €5,037 | €4,031 | -€1,006 | -20.0% |
| Suppliers | 440/4 | €5,037 | €4,031 | -€1,006 | -20.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,532 | €0 | -€3,532 | -100.0% |
| Other operating charges | 640/8 | €2,887 | €425 | -€2,462 | -85.3% |
| Gross operating margin | 9900 | -€11,838 | -€4,494 | +€7,344 | +62.0% |
| Operating profit (loss) | 9901 | -€14,725 | -€4,919 | +€9,806 | +66.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €110 | €114 | +€4 | +4.1% |
| Recurring financial charges | 65 | €110 | €114 | +€4 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,835 | -€5,033 | +€9,802 | +66.1% |
| Profit (loss) for the period | 9904 | -€14,835 | -€5,033 | +€9,802 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,835 | -€5,033 | +€9,802 | +66.1% |
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 29 September 2026 via checked.be.