PRESENTATION ET REPRESENTATION: 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.
PRESENTATION ET REPRESENTATION
Largest movements
- Tangible fixed assets -€330
down €330 (-58.0%), from €568 to €239
- Receivables within one year +€120
new in 2025: €120
- Cash +€19
up €19 (+3.4%), from €575 to €594
mainly Net result for the year (+€565) and Depreciation (+€330)
- Trade debts -€965
no longer reported in 2025 (was €965)
- Profit (loss) carried forward +€565
up €565 (+4.2%), from -€13,546 to -€12,981
- Other debts +€209
up €209 (+3.7%), from €5,665 to €5,874
- Gross operating margin +€1,553
up €1,553 (+522.3%), from €297 to €1,851
- Other operating charges +€525
up €525 (+136.6%), from €384 to €910
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 | €1,143 | €953 | -€190 | -16.6% |
| Fixed assets | 21/28 | €568 | €239 | -€330 | -58.0% |
| Tangible fixed assets | 22/27 | €568 | €239 | -€330 | -58.0% |
| Furniture and vehicles | 24 | €568 | €239 | -€330 | -58.0% |
| Current assets | 29/58 | €575 | €714 | +€139 | +24.3% |
| Amounts receivable within one year | 40/41 | - | €120 | +€120 | |
| Trade receivables | 40 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €575 | €594 | +€19 | +3.4% |
| Total equity and liabilities | 10/49 | €1,143 | €953 | -€190 | -16.6% |
| Equity | 10/15 | -€5,487 | -€4,922 | +€565 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,546 | -€12,981 | +€565 | +4.2% |
| Amounts payable | 17/49 | €6,630 | €5,874 | -€755 | -11.4% |
| Amounts payable within one year | 42/48 | €6,630 | €5,874 | -€755 | -11.4% |
| Trade debts | 44 | €965 | - | -€965 | |
| Suppliers | 440/4 | €965 | - | -€965 | |
| Other amounts payable | 47/48 | €5,665 | €5,874 | +€209 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €330 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €910 | +€525 | +136.6% |
| Gross operating margin | 9900 | €297 | €1,851 | +€1,553 | +522.3% |
| Operating profit (loss) | 9901 | -€417 | €611 | +€1,028 | |
| Financial charges | 65/66B | €60 | €46 | -€13 | -22.6% |
| Recurring financial charges | 65 | €60 | €46 | -€13 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€476 | €565 | +€1,041 | |
| Profit (loss) for the period | 9904 | -€476 | €565 | +€1,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€476 | €565 | +€1,041 |
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 6 October 2026 via checked.be.