PIVOT: 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.
PIVOT
Largest movements
- Cash -€2,907
down €2,907 (-49.1%), from €5,914 to €3,008
mainly Net result for the year (-€1,693) and Investment in fixed assets (net) (-€1,431)
- Tangible fixed assets +€1,167
new in 2025: €1,167
- Deferred charges and accrued income +€268
up €268 (+146.0%), from €184 to €452
- Receivables within one year +€136
new in 2025: €136
- Profit (loss) carried forward -€1,693
down €1,693 (-31.9%), from €5,313 to €3,619
- Debts within one year +€358
up €358 (+45.6%), from €785 to €1,144
of which Trade debts: +€552
- Gross operating margin -€7,074
down €7,074, from €5,902 to -€1,173
- Depreciation +€264
new in 2025: €264
- Other operating charges +€110
new in 2025: €110
- Financial charges +€103
up €103 (+237.7%), from €44 to €147
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 | €6,098 | €4,763 | -€1,335 | -21.9% |
| Fixed assets | 21/28 | - | €1,167 | +€1,167 | |
| Tangible fixed assets | 22/27 | - | €1,167 | +€1,167 | |
| Plant, machinery and equipment | 23 | - | €1,167 | +€1,167 | |
| Current assets | 29/58 | €6,098 | €3,596 | -€2,502 | -41.0% |
| Amounts receivable within one year | 40/41 | - | €136 | +€136 | |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Cash at bank and in hand | 54/58 | €5,914 | €3,008 | -€2,907 | -49.1% |
| Deferred charges and accrued income | 490/1 | €184 | €452 | +€268 | +146.0% |
| Total equity and liabilities | 10/49 | €6,098 | €4,763 | -€1,335 | -21.9% |
| Equity | 10/15 | €5,313 | €3,619 | -€1,693 | -31.9% |
| Profit (loss) carried forward | 14 | €5,313 | €3,619 | -€1,693 | -31.9% |
| Amounts payable | 17/49 | €785 | €1,144 | +€358 | +45.6% |
| Amounts payable within one year | 42/48 | €785 | €1,144 | +€358 | +45.6% |
| Trade debts | 44 | - | €552 | +€552 | |
| Suppliers | 440/4 | - | €552 | +€552 | |
| Taxes, remuneration and social security | 45 | €193 | - | -€193 | |
| Taxes | 450/3 | €193 | - | -€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €264 | +€264 | |
| Other operating charges | 640/8 | - | €110 | +€110 | |
| Gross operating margin | 9900 | €5,902 | -€1,173 | -€7,074 | |
| Operating profit (loss) | 9901 | €5,902 | -€1,547 | -€7,448 | |
| Financial charges | 65/66B | €44 | €147 | +€103 | +237.7% |
| Recurring financial charges | 65 | €44 | €147 | +€103 | +237.7% |
| Profit (loss) for the period before taxes | 9903 | €5,858 | -€1,693 | -€7,551 | |
| Profit (loss) for the period | 9904 | €5,858 | -€1,693 | -€7,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,858 | -€1,693 | -€7,551 |
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.