PRESENT: 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.
PRESENT
Largest movements
- Tangible fixed assets -€190,455
down €190,455 (-95.4%), from €199,579 to €9,124
of which Land and buildings: -€187,001
- Receivables within one year +€7,373
up €7,373 (+265.8%), from €2,774 to €10,147
of which Trade receivables: +€10,147
- Cash -€6,740
down €6,740 (-6.3%), from €107,812 to €101,072
mainly Advances received (-€274,674) and Receivables within one year (-€7,373)
- Deferred charges and accrued income -€4,088
down €4,088 (-71.2%), from €5,738 to €1,650
- Advances received -€274,674
no longer reported in 2025 (was €274,674)
- Profit (loss) carried forward +€79,722
up €79,722 (+53.5%), from -€148,971 to -€69,248
- Staff costs -€62,592
down €62,592 (-100.0%), from €62,592 to €0
- Financial income -€29,086
down €29,086 (-43.3%), from €67,217 to €38,131
of which Non-recurring financial income: -€17,992
- Other operating charges -€10,063
down €10,063 (-82.7%), from €12,162 to €2,099
- Depreciation -€8,272
down €8,272 (-70.5%), from €11,726 to €3,454
- Financial charges +€5,973
up €5,973 (+695.3%), from €859 to €6,831
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 | €316,003 | €121,993 | -€194,010 | -61.4% |
| Formation expenses | 20 | €0 | - | -€0 | |
| Fixed assets | 21/28 | €199,679 | €9,124 | -€190,555 | -95.4% |
| Tangible fixed assets | 22/27 | €199,579 | €9,124 | -€190,455 | -95.4% |
| Land and buildings | 22 | €187,001 | - | -€187,001 | |
| Furniture and vehicles | 24 | €12,577 | €9,124 | -€3,454 | -27.5% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €116,325 | €112,870 | -€3,455 | -3.0% |
| Amounts receivable within one year | 40/41 | €2,774 | €10,147 | +€7,373 | +265.8% |
| Trade receivables | 40 | - | €10,147 | +€10,147 | |
| Other amounts receivable | 41 | €2,774 | - | -€2,774 | |
| Cash at bank and in hand | 54/58 | €107,812 | €101,072 | -€6,740 | -6.3% |
| Deferred charges and accrued income | 490/1 | €5,738 | €1,650 | -€4,088 | -71.2% |
| Total equity and liabilities | 10/49 | €316,003 | €121,993 | -€194,010 | -61.4% |
| Equity | 10/15 | -€13,671 | €66,052 | +€79,722 | |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Capital | 10 | €123,000 | €123,000 | = | 0.0% |
| Issued capital | 100 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €12,300 | €12,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,300 | €12,300 | = | 0.0% |
| Legal reserve | 130 | €12,300 | €12,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,971 | -€69,248 | +€79,722 | +53.5% |
| Amounts payable | 17/49 | €329,674 | €55,942 | -€273,732 | -83.0% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €274,674 | €942 | -€273,732 | -99.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €274,674 | - | -€274,674 | |
| Taxes, remuneration and social security | 45 | - | €942 | +€942 | |
| Taxes | 450/3 | - | €942 | +€942 | |
| Remuneration, social security and pensions | 62 | €62,592 | €0 | -€62,592 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,726 | €3,454 | -€8,272 | -70.5% |
| Other operating charges | 640/8 | €12,162 | €2,099 | -€10,063 | -82.7% |
| Gross operating margin | 9900 | €54,620 | €53,976 | -€644 | -1.2% |
| Operating profit (loss) | 9901 | -€31,860 | €48,423 | +€80,283 | |
| Financial income | 75/76B | €67,217 | €38,131 | -€29,086 | -43.3% |
| Recurring financial income | 75 | €11,226 | €132 | -€11,094 | -98.8% |
| Non-recurring financial income | 76B | €55,991 | €37,999 | -€17,992 | -32.1% |
| Financial charges | 65/66B | €859 | €6,831 | +€5,973 | +695.3% |
| Recurring financial charges | 65 | €859 | €6,831 | +€5,973 | +695.3% |
| Profit (loss) for the period before taxes | 9903 | €34,498 | €79,722 | +€45,224 | +131.1% |
| Income taxes | 67/77 | €162 | - | -€162 | |
| Profit (loss) for the period | 9904 | €34,336 | €79,722 | +€45,386 | +132.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,336 | €79,722 | +€45,386 | +132.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.