PREMIUM ADVANCE: 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.
PREMIUM ADVANCE
Largest movements
- Stocks and contracts -€219,422
down €219,422 (-90.3%), from €243,037 to €23,615
- Cash +€10,530
up €10,530 (+33,858%), from €31 to €10,561
mainly Stocks and contracts (+€219,422) and Other debts (+€107,923)
- Deferred charges and accrued income +€8,099
up €8,099 (+110%), from €7,383 to €15,482
- Receivables within one year +€3,236
up €3,236 (+175%), from €1,848 to €5,084
of which Trade receivables: +€3,158
- Profit (loss) carried forward -€250,815
down €250,815 (-5,135%), from -€4,884 to -€255,699
- Short-term financial debts -€125,792
down €125,792 (-100%), from €125,792 to €0
- Other debts +€107,923
up €107,923 (+217%), from €49,800 to €157,723
- Debts after one year +€53,874
new in 2025: €53,874
- Current portion of long-term debt +€41,240
new in 2025: €41,240
- Gross operating margin -€219,087
down €219,087 (-987%), from -€22,189 to -€241,276
- Financial income -€3,671
down €3,671 (-94.6%), from €3,882 to €211
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.
Derived cash bridge
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 | €252,464 | €54,742 | -€197,722 | -78.3% |
| Formation expenses | 20 | €165 | €0 | -€165 | -100% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €252,299 | €54,742 | -€197,557 | -78.3% |
| Stocks and contracts in progress | 3 | €243,037 | €23,615 | -€219,422 | -90.3% |
| Stocks | 30/36 | €243,037 | €23,615 | -€219,422 | -90.3% |
| Amounts receivable within one year | 40/41 | €1,848 | €5,084 | +€3,236 | +175% |
| Trade receivables | 40 | - | €3,158 | +€3,158 | |
| Other amounts receivable | 41 | €1,848 | €1,926 | +€78 | +4.2% |
| Cash at bank and in hand | 54/58 | €31 | €10,561 | +€10,530 | +33,858% |
| Deferred charges and accrued income | 490/1 | €7,383 | €15,482 | +€8,099 | +110% |
| Total equity and liabilities | 10/49 | €252,464 | €54,742 | -€197,722 | -78.3% |
| Equity | 10/15 | €5,116 | -€245,699 | -€250,815 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,884 | -€255,699 | -€250,815 | -5,135% |
| Amounts payable | 17/49 | €247,348 | €300,441 | +€53,093 | +21.5% |
| Amounts payable after more than one year | 17 | - | €53,874 | +€53,874 | |
| Financial debts | 170/4 | - | €53,874 | +€53,874 | |
| Amounts payable within one year | 42/48 | €247,348 | €246,567 | -€781 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | - | €41,240 | +€41,240 | |
| Financial debts | 43 | €125,792 | €0 | -€125,792 | -100% |
| Credit institutions | 430/8 | €125,792 | €0 | -€125,792 | -100% |
| Trade debts | 44 | €71,451 | €47,605 | -€23,846 | -33.4% |
| Suppliers | 440/4 | €71,451 | €47,605 | -€23,846 | -33.4% |
| Taxes, remuneration and social security | 45 | €305 | €0 | -€305 | -100% |
| Taxes | 450/3 | €305 | €0 | -€305 | -100% |
| Other amounts payable | 47/48 | €49,800 | €157,723 | +€107,923 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €165 | -€252 | -60.5% |
| Other operating charges | 640/8 | €0 | €1,107 | +€1,107 | |
| Gross operating margin | 9900 | -€22,189 | -€241,276 | -€219,087 | -987% |
| Operating profit (loss) | 9901 | -€22,605 | -€242,548 | -€219,943 | -973% |
| Financial income | 75/76B | €3,882 | €211 | -€3,671 | -94.6% |
| Recurring financial income | 75 | €3,882 | €211 | -€3,671 | -94.6% |
| Financial charges | 65/66B | €9,346 | €8,478 | -€868 | -9.3% |
| Recurring financial charges | 65 | €9,346 | €8,478 | -€868 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,070 | -€250,815 | -€222,745 | -794% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,070 | -€250,815 | -€222,745 | -794% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,070 | -€250,815 | -€222,745 | -794% |
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 25 October 2026 via checked.be.