Progress: 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.
Progress
Largest movements
- Cash -€2,900
down €2,900 (-22.7%), from €12,781 to €9,880
mainly Net result for the year (-€5,852) and Other debts (-€269)
- Profit (loss) carried forward -€5,852
down €5,852 (-2.8%), from €210,637 to €204,785
- Other operating charges -€473
down €473 (-23.1%), from €2,054 to €1,580
- Gross operating margin +€85
up €85 (+5.2%), from -€1,646 to -€1,561
- Financial charges +€30
up €30 (+50.0%), from €60 to €90
of which Non-recurring financial charges: +€90
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 | €269,639 | €263,518 | -€6,121 | -2.3% |
| Fixed assets | 21/28 | €8,464 | €5,843 | -€2,621 | -31.0% |
| Tangible fixed assets | 22/27 | €8,464 | €5,843 | -€2,621 | -31.0% |
| Land and buildings | 22 | €8,464 | €5,843 | -€2,621 | -31.0% |
| Current assets | 29/58 | €261,175 | €257,675 | -€3,500 | -1.3% |
| Amounts receivable after more than one year | 29 | €140,902 | €140,902 | = | 0.0% |
| Other amounts receivable | 291 | €140,902 | €140,902 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,217 | €44,617 | -€600 | -1.3% |
| Trade receivables | 40 | €43,391 | €43,391 | = | 0.0% |
| Other amounts receivable | 41 | €1,826 | €1,226 | -€600 | -32.9% |
| Cash at bank and in hand | 54/58 | €12,781 | €9,880 | -€2,900 | -22.7% |
| Deferred charges and accrued income | 490/1 | €62,275 | €62,275 | = | 0.0% |
| Total equity and liabilities | 10/49 | €269,639 | €263,518 | -€6,121 | -2.3% |
| Equity | 10/15 | €265,428 | €259,575 | -€5,852 | -2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,791 | €34,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,785 | €1,785 | = | 0.0% |
| Distributable reserves | 133 | €31,006 | €31,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,637 | €204,785 | -€5,852 | -2.8% |
| Amounts payable | 17/49 | €4,211 | €3,942 | -€269 | -6.4% |
| Amounts payable within one year | 42/48 | €4,211 | €3,942 | -€269 | -6.4% |
| Other amounts payable | 47/48 | €4,211 | €3,942 | -€269 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,621 | €2,621 | = | 0.0% |
| Other operating charges | 640/8 | €2,054 | €1,580 | -€473 | -23.1% |
| Gross operating margin | 9900 | -€1,646 | -€1,561 | +€85 | +5.2% |
| Operating profit (loss) | 9901 | -€6,321 | -€5,762 | +€559 | +8.8% |
| Financial charges | 65/66B | €60 | €90 | +€30 | +50.0% |
| Recurring financial charges | 65 | €60 | €90 | +€30 | +50.0% |
| Non-recurring financial charges | 66B | - | €90 | +€90 | |
| Profit (loss) for the period before taxes | 9903 | -€6,381 | -€5,852 | +€529 | +8.3% |
| Profit (loss) for the period | 9904 | -€6,381 | -€5,852 | +€529 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,381 | -€5,852 | +€529 | +8.3% |
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 28 October 2026 via checked.be.