Philosophy: 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.
Philosophy
Largest movements
- Cash -€1.8m
down €1.8m (-99.9%), from €1.8m to €1,294
mainly Other debts (-€1.9m) and Tax, wage and social debts (-€6,397)
- Other debts -€1.9m
down €1.9m (-77.5%), from €2.4m to €539,701
- Profit (loss) carried forward +€48,222
up €48,222 (+8.8%), from -€549,807 to -€501,585
- Financial income -€151,392
down €151,392 (-79.1%), from €191,445 to €40,054
of which Non-recurring financial income: -€119,835
- Taxes -€17,790
down €17,790 (-54.7%), from €32,547 to €14,757
- Depreciation -€9,644
down €9,644 (-50.0%), from €19,289 to €9,644
- Financial charges -€3,336
down €3,336 (-70.5%), from €4,731 to €1,395
- Turnover +€2,727
up €2,727 (+8.8%), from €30,900 to €33,627
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 | €1,882,029 | €61,783 | -€1.8m | -96.7% |
| Fixed assets | 21/28 | €67,511 | €57,867 | -€9,644 | -14.3% |
| Tangible fixed assets | 22/27 | €67,511 | €57,867 | -€9,644 | -14.3% |
| Furniture and vehicles | 24 | €67,511 | €57,867 | -€9,644 | -14.3% |
| Current assets | 29/58 | €1,814,518 | €3,916 | -€1.8m | -99.8% |
| Amounts receivable within one year | 40/41 | €2,638 | €2,622 | -€16 | -0.6% |
| Other amounts receivable | 41 | €2,638 | €2,622 | -€16 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,811,880 | €1,294 | -€1.8m | -99.9% |
| Total equity and liabilities | 10/49 | €1,882,029 | €61,783 | -€1.8m | -96.7% |
| Equity | 10/15 | -€530,807 | -€482,585 | +€48,222 | +9.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€549,807 | -€501,585 | +€48,222 | +8.8% |
| Amounts payable | 17/49 | €2,412,836 | €544,368 | -€1.9m | -77.4% |
| Amounts payable within one year | 42/48 | €2,412,836 | €544,368 | -€1.9m | -77.4% |
| Taxes, remuneration and social security | 45 | €11,064 | €4,666 | -€6,397 | -57.8% |
| Taxes | 450/3 | €11,064 | €4,666 | -€6,397 | -57.8% |
| Other amounts payable | 47/48 | €2,401,772 | €539,701 | -€1.9m | -77.5% |
| Turnover | 70 | €30,900 | €33,627 | +€2,727 | +8.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,495 | €12,339 | +€1,844 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,289 | €9,644 | -€9,644 | -50.0% |
| Other operating charges | 640/8 | €1,067 | €2,067 | +€1,000 | +93.7% |
| Gross operating margin | 9900 | €36,127 | €36,031 | -€96 | -0.3% |
| Operating profit (loss) | 9901 | €15,771 | €24,320 | +€8,549 | +54.2% |
| Financial income | 75/76B | €191,445 | €40,054 | -€151,392 | -79.1% |
| Recurring financial income | 75 | €71,610 | €40,054 | -€31,557 | -44.1% |
| Non-recurring financial income | 76B | €119,835 | - | -€119,835 | |
| Financial charges | 65/66B | €4,731 | €1,395 | -€3,336 | -70.5% |
| Recurring financial charges | 65 | €4,731 | €1,395 | -€3,336 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €202,486 | €62,979 | -€139,507 | -68.9% |
| Income taxes | 67/77 | €32,547 | €14,757 | -€17,790 | -54.7% |
| Profit (loss) for the period | 9904 | €169,939 | €48,222 | -€121,717 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €169,939 | €48,222 | -€121,717 | -71.6% |
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 1 October 2026 via checked.be.