Possible: what changed
Two financial 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.
Possible
Largest movements
- Current investments -€64,996
down €64,996 (-81.2%), from €80,006 to €15,010
- Receivables after one year -€26,852
down €26,852 (-37.1%), from €72,340 to €45,488
- Cash -€19,848
down €19,848 (-76.5%), from €25,960 to €6,112
mainly Contributions, distributions and other (-€62,000) and Trade debts (-€47,852)
- Receivables within one year +€18,782
up €18,782 (+35.4%), from €53,023 to €71,806
of which Trade receivables: +€14,357
- Tangible fixed assets +€6,423
up €6,423 (+39.5%), from €16,240 to €22,662
of which Furniture and vehicles: +€3,773
- Trade debts -€47,852
down €47,852 (-88.8%), from €53,867 to €6,015
- Reserves -€39,005
down €39,005 (-21.8%), from €179,323 to €140,318
- Gross operating margin +€10,554
up €10,554 (+36.4%), from €29,029 to €39,584
- Depreciation +€3,105
up €3,105 (+45.2%), from €6,875 to €9,979
- Taxes +€1,654
up €1,654 (+26.6%), from €6,229 to €7,883
- Financial income +€1,416
up €1,416 (+85.1%), from €1,664 to €3,080
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 | €249,593 | €163,304 | -€86,289 | -34.6% |
| Fixed assets | 21/28 | €16,240 | €22,662 | +€6,423 | +39.5% |
| Tangible fixed assets | 22/27 | €16,240 | €22,662 | +€6,423 | +39.5% |
| Plant, machinery and equipment | 23 | €13,165 | €13,349 | +€184 | +1.4% |
| Furniture and vehicles | 24 | €3,074 | €6,847 | +€3,773 | +122.7% |
| Other tangible fixed assets | 26 | - | €2,466 | +€2,466 | |
| Current assets | 29/58 | €233,353 | €140,641 | -€92,712 | -39.7% |
| Amounts receivable after more than one year | 29 | €72,340 | €45,488 | -€26,852 | -37.1% |
| Other amounts receivable | 291 | €72,340 | €45,488 | -€26,852 | -37.1% |
| Amounts receivable within one year | 40/41 | €53,023 | €71,806 | +€18,782 | +35.4% |
| Trade receivables | 40 | €35,360 | €49,717 | +€14,357 | +40.6% |
| Other amounts receivable | 41 | €17,663 | €22,089 | +€4,426 | +25.1% |
| Current investments | 50/53 | €80,006 | €15,010 | -€64,996 | -81.2% |
| Cash at bank and in hand | 54/58 | €25,960 | €6,112 | -€19,848 | -76.5% |
| Deferred charges and accrued income | 490/1 | €2,025 | €2,226 | +€202 | +10.0% |
| Total equity and liabilities | 10/49 | €249,593 | €163,304 | -€86,289 | -34.6% |
| Equity | 10/15 | €179,443 | €140,438 | -€39,005 | -21.7% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €179,323 | €140,318 | -€39,005 | -21.8% |
| Distributable reserves | 133 | €179,323 | €140,318 | -€39,005 | -21.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,150 | €22,866 | -€47,284 | -67.4% |
| Amounts payable within one year | 42/48 | €68,097 | €20,790 | -€47,308 | -69.5% |
| Financial debts | 43 | €119 | €349 | +€230 | +193.0% |
| Credit institutions | 430/8 | €119 | €349 | +€230 | +193.0% |
| Trade debts | 44 | €53,867 | €6,015 | -€47,852 | -88.8% |
| Suppliers | 440/4 | €53,867 | €6,015 | -€47,852 | -88.8% |
| Taxes, remuneration and social security | 45 | €14,111 | €14,425 | +€314 | +2.2% |
| Taxes | 450/3 | €11,648 | €11,936 | +€288 | +2.5% |
| Remuneration and social security | 454/9 | €2,463 | €2,490 | +€26 | +1.1% |
| Accrued charges and deferred income | 492/3 | €2,052 | €2,076 | +€23 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,875 | €9,979 | +€3,105 | +45.2% |
| Other operating charges | 640/8 | €1,002 | €1,064 | +€62 | +6.2% |
| Gross operating margin | 9900 | €29,029 | €39,584 | +€10,554 | +36.4% |
| Operating profit (loss) | 9901 | €21,153 | €28,541 | +€7,388 | +34.9% |
| Financial income | 75/76B | €1,664 | €3,080 | +€1,416 | +85.1% |
| Recurring financial income | 75 | €1,664 | €3,080 | +€1,416 | +85.1% |
| Financial charges | 65/66B | €955 | €743 | -€212 | -22.2% |
| Recurring financial charges | 65 | €955 | €743 | -€212 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €21,862 | €30,878 | +€9,016 | +41.2% |
| Income taxes | 67/77 | €6,229 | €7,883 | +€1,654 | +26.6% |
| Profit (loss) for the period | 9904 | €15,633 | €22,995 | +€7,362 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,633 | €22,995 | +€7,362 | +47.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.