Perspective Ground 2: 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 Ground 2
Largest movements
- Stocks and contracts +€462,507
up €462,507 (+74.5%), from €620,501 to €1.1m
- Cash +€200,879
up €200,879 (+86325.4%), from €233 to €201,112
mainly Debts after one year (+€1.3m) and Trade debts (+€1,645)
- Receivables within one year +€32,921
up €32,921 (+802948.8%), from €4 to €32,925
of which Trade receivables: +€32,925
- Debts after one year +€1.3m
new in 2025: €1.3m
- Other debts -€620,000
down €620,000 (-99.9%), from €620,605 to €605
- Gross operating margin -€4,584
down €4,584 (-135.7%), from -€3,377 to -€7,961
- Other operating charges -€612
down €612 (-72.7%), from €842 to €230
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 | €620,738 | €1,317,044 | +€696,307 | +112.2% |
| Current assets | 29/58 | €620,738 | €1,317,044 | +€696,307 | +112.2% |
| Stocks and contracts in progress | 3 | €620,501 | €1,083,007 | +€462,507 | +74.5% |
| Stocks | 30/36 | €620,501 | €1,083,007 | +€462,507 | +74.5% |
| Amounts receivable within one year | 40/41 | €4 | €32,925 | +€32,921 | +802948.8% |
| Trade receivables | 40 | - | €32,925 | +€32,925 | |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €233 | €201,112 | +€200,879 | +86325.4% |
| Total equity and liabilities | 10/49 | €620,738 | €1,317,044 | +€696,307 | +112.2% |
| Equity | 10/15 | -€1,353 | -€9,692 | -€8,338 | -616.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,353 | -€14,692 | -€8,338 | -131.2% |
| Amounts payable | 17/49 | €622,091 | €1,326,736 | +€704,645 | +113.3% |
| Amounts payable after more than one year | 17 | - | €1,323,000 | +€1.3m | |
| Other amounts payable | 178/9 | - | €1,323,000 | +€1.3m | |
| Amounts payable within one year | 42/48 | €622,091 | €3,736 | -€618,355 | -99.4% |
| Trade debts | 44 | €1,486 | €3,131 | +€1,645 | +110.7% |
| Suppliers | 440/4 | €1,486 | €3,131 | +€1,645 | +110.7% |
| Other amounts payable | 47/48 | €620,605 | €605 | -€620,000 | -99.9% |
| Other operating charges | 640/8 | €842 | €230 | -€612 | -72.7% |
| Gross operating margin | 9900 | -€3,377 | -€7,961 | -€4,584 | -135.7% |
| Operating profit (loss) | 9901 | -€4,220 | -€8,191 | -€3,972 | -94.1% |
| Financial charges | 65/66B | €75 | €147 | +€72 | +95.8% |
| Recurring financial charges | 65 | €75 | €147 | +€72 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,295 | -€8,338 | -€4,044 | -94.2% |
| Profit (loss) for the period | 9904 | -€4,295 | -€8,338 | -€4,044 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,295 | -€8,338 | -€4,044 | -94.2% |
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.