Plan D: 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.
Plan D
Largest movements
- Cash -€74,460
down €74,460 (-63.1%), from €117,933 to €43,473
mainly Contributions, distributions and other (-€91,442) and Other debts (-€27,667)
- Tangible fixed assets -€6,043
down €6,043 (-29.7%), from €20,316 to €14,273
of which Other tangible fixed assets: -€3,177
- Reserves -€49,831
down €49,831 (-100.0%), from €49,831 to €0
- Other debts -€27,667
down €27,667 (-31.1%), from €89,060 to €61,394
- Tax, wage and social debts -€6,458
down €6,458 (-32.1%), from €20,095 to €13,637
of which Taxes: -€6,483
- Trade debts +€1,724
up €1,724 (+92.8%), from €1,857 to €3,581
- Gross operating margin -€11,051
down €11,051 (-15.4%), from €71,614 to €60,563
- Taxes -€1,780
down €1,780 (-13.8%), from €12,854 to €11,075
- Depreciation -€973
down €973 (-13.9%), from €7,016 to €6,043
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 | €166,995 | €84,704 | -€82,291 | -49.3% |
| Fixed assets | 21/28 | €20,316 | €14,273 | -€6,043 | -29.7% |
| Tangible fixed assets | 22/27 | €20,316 | €14,273 | -€6,043 | -29.7% |
| Plant, machinery and equipment | 23 | €1,564 | €1,269 | -€295 | -18.9% |
| Furniture and vehicles | 24 | €2,958 | €387 | -€2,571 | -86.9% |
| Other tangible fixed assets | 26 | €15,794 | €12,617 | -€3,177 | -20.1% |
| Current assets | 29/58 | €146,680 | €70,432 | -€76,248 | -52.0% |
| Amounts receivable within one year | 40/41 | €27,435 | €26,104 | -€1,331 | -4.9% |
| Trade receivables | 40 | €25,289 | €23,958 | -€1,331 | -5.3% |
| Other amounts receivable | 41 | €2,146 | €2,146 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,933 | €43,473 | -€74,460 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,312 | €855 | -€457 | -34.8% |
| Total equity and liabilities | 10/49 | €166,995 | €84,704 | -€82,291 | -49.3% |
| Equity | 10/15 | €54,831 | €5,000 | -€49,831 | -90.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,831 | €0 | -€49,831 | -100.0% |
| Distributable reserves | 133 | €49,831 | €0 | -€49,831 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €112,164 | €79,704 | -€32,460 | -28.9% |
| Amounts payable within one year | 42/48 | €111,012 | €78,612 | -€32,401 | -29.2% |
| Trade debts | 44 | €1,857 | €3,581 | +€1,724 | +92.8% |
| Suppliers | 440/4 | €1,857 | €3,581 | +€1,724 | +92.8% |
| Taxes, remuneration and social security | 45 | €20,095 | €13,637 | -€6,458 | -32.1% |
| Taxes | 450/3 | €17,687 | €11,204 | -€6,483 | -36.7% |
| Remuneration and social security | 454/9 | €2,408 | €2,433 | +€26 | +1.1% |
| Other amounts payable | 47/48 | €89,060 | €61,394 | -€27,667 | -31.1% |
| Accrued charges and deferred income | 492/3 | €1,152 | €1,093 | -€59 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,016 | €6,043 | -€973 | -13.9% |
| Other operating charges | 640/8 | €639 | €642 | +€3 | +0.5% |
| Gross operating margin | 9900 | €71,614 | €60,563 | -€11,051 | -15.4% |
| Operating profit (loss) | 9901 | €63,959 | €53,878 | -€10,081 | -15.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,274 | €1,193 | -€81 | -6.4% |
| Recurring financial charges | 65 | €1,274 | €1,193 | -€81 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €62,686 | €52,685 | -€10,001 | -16.0% |
| Income taxes | 67/77 | €12,854 | €11,075 | -€1,780 | -13.8% |
| Profit (loss) for the period | 9904 | €49,831 | €41,610 | -€8,221 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,831 | €41,610 | -€8,221 | -16.5% |
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 8 October 2026 via checked.be.