Présentement: 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.
Présentement
Largest movements
- Cash +€166,226
up €166,226 (+137.0%), from €121,359 to €287,585
mainly Other debts (+€377,932) and Depreciation (+€34,023)
- Tangible fixed assets +€38,939
up €38,939 (+19.5%), from €199,698 to €238,638
of which Other tangible fixed assets: +€44,078
- Receivables within one year +€23,576
up €23,576 (+864.5%), from €2,727 to €26,303
of which Trade receivables: +€23,511
- Other debts +€377,932
up €377,932 (+35.9%), from €1.1m to €1.4m
- Profit (loss) carried forward -€152,253
down €152,253 (-9.4%), from -€1.6m to -€1.8m
- Other operating charges -€26,574
down €26,574 (-88.5%), from €30,035 to €3,461
- Depreciation +€8,234
up €8,234 (+31.9%), from €25,790 to €34,023
- Gross operating margin +€5,846
up €5,846 (+8.2%), from -€71,381 to -€65,535
- Financial income +€2,049
new in 2025: €2,049
- Staff costs +€1,541
up €1,541 (+3.1%), from €48,941 to €50,482
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 | €326,575 | €555,319 | +€228,744 | +70.0% |
| Fixed assets | 21/28 | €200,683 | €239,623 | +€38,939 | +19.4% |
| Tangible fixed assets | 22/27 | €199,698 | €238,638 | +€38,939 | +19.5% |
| Plant, machinery and equipment | 23 | €13,935 | €9,398 | -€4,537 | -32.6% |
| Furniture and vehicles | 24 | €22,574 | €21,973 | -€601 | -2.7% |
| Other tangible fixed assets | 26 | €163,189 | €207,267 | +€44,078 | +27.0% |
| Financial fixed assets | 28 | €985 | €985 | = | 0.0% |
| Current assets | 29/58 | €125,891 | €315,696 | +€189,804 | +150.8% |
| Amounts receivable within one year | 40/41 | €2,727 | €26,303 | +€23,576 | +864.5% |
| Trade receivables | 40 | €2,727 | €26,238 | +€23,511 | +862.1% |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €121,359 | €287,585 | +€166,226 | +137.0% |
| Deferred charges and accrued income | 490/1 | €1,805 | €1,807 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €326,575 | €555,319 | +€228,744 | +70.0% |
| Equity | 10/15 | -€738,782 | -€891,035 | -€152,253 | -20.6% |
| Contributions | 10/11 | €868,600 | €868,600 | = | 0.0% |
| Reserves | 13 | €8,676 | €8,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,616,058 | -€1,768,311 | -€152,253 | -9.4% |
| Amounts payable | 17/49 | €1,065,357 | €1,446,354 | +€380,997 | +35.8% |
| Amounts payable within one year | 42/48 | €1,065,357 | €1,446,354 | +€380,997 | +35.8% |
| Trade debts | 44 | €3,562 | €6,210 | +€2,648 | +74.3% |
| Suppliers | 440/4 | €3,562 | €6,210 | +€2,648 | +74.3% |
| Taxes, remuneration and social security | 45 | €7,878 | €8,295 | +€417 | +5.3% |
| Taxes | 450/3 | €120 | €124 | +€4 | +3.6% |
| Remuneration and social security | 454/9 | €7,758 | €8,171 | +€413 | +5.3% |
| Other amounts payable | 47/48 | €1,053,916 | €1,431,848 | +€377,932 | +35.9% |
| Remuneration, social security and pensions | 62 | €48,941 | €50,482 | +€1,541 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,790 | €34,023 | +€8,234 | +31.9% |
| Other operating charges | 640/8 | €30,035 | €3,461 | -€26,574 | -88.5% |
| Gross operating margin | 9900 | -€71,381 | -€65,535 | +€5,846 | +8.2% |
| Operating profit (loss) | 9901 | -€176,147 | -€153,501 | +€22,645 | +12.9% |
| Financial income | 75/76B | - | €2,049 | +€2,049 | |
| Recurring financial income | 75 | - | €2,049 | +€2,049 | |
| Financial charges | 65/66B | €320 | €316 | -€3 | -1.0% |
| Recurring financial charges | 65 | €320 | €316 | -€3 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€176,466 | -€151,769 | +€24,698 | +14.0% |
| Income taxes | 67/77 | - | €484 | +€484 | |
| Profit (loss) for the period | 9904 | -€176,466 | -€152,253 | +€24,214 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,466 | -€152,253 | +€24,214 | +13.7% |
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 29 September 2026 via checked.be.