PROLOG: 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.
PROLOG
Largest movements
- Cash +€10,906
up €10,906 (+3.0%), from €360,447 to €371,353
mainly Net result for the year (+€8,869) and Other debts (+€2,228)
- Profit (loss) carried forward +€8,869
up €8,869 (+97.1%), from -€9,133 to -€263
- Gross operating margin -€54,734
down €54,734 (-86.0%), from €63,670 to €8,937
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 | €360,980 | €373,566 | +€12,586 | +3.5% |
| Fixed assets | 21/28 | €186 | €38 | -€148 | -79.7% |
| Tangible fixed assets | 22/27 | €186 | €38 | -€148 | -79.7% |
| Furniture and vehicles | 24 | €186 | €38 | -€148 | -79.7% |
| Current assets | 29/58 | €360,794 | €373,528 | +€12,734 | +3.5% |
| Amounts receivable within one year | 40/41 | €303 | €2,129 | +€1,827 | +604.0% |
| Trade receivables | 40 | €303 | - | -€303 | |
| Other amounts receivable | 41 | - | €2,129 | +€2,129 | |
| Cash at bank and in hand | 54/58 | €360,447 | €371,353 | +€10,906 | +3.0% |
| Deferred charges and accrued income | 490/1 | €44 | €46 | +€1 | +2.9% |
| Total equity and liabilities | 10/49 | €360,980 | €373,566 | +€12,586 | +3.5% |
| Equity | 10/15 | €211,067 | €219,937 | +€8,869 | +4.2% |
| Contributions | 10/11 | €216,200 | €216,200 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,133 | -€263 | +€8,869 | +97.1% |
| Amounts payable | 17/49 | €149,913 | €153,629 | +€3,716 | +2.5% |
| Amounts payable within one year | 42/48 | €149,913 | €153,629 | +€3,716 | +2.5% |
| Trade debts | 44 | €681 | €2,619 | +€1,938 | +284.4% |
| Suppliers | 440/4 | €681 | €2,619 | +€1,938 | +284.4% |
| Taxes, remuneration and social security | 45 | €467 | €18 | -€449 | -96.2% |
| Taxes | 450/3 | €467 | €18 | -€449 | -96.2% |
| Other amounts payable | 47/48 | €148,765 | €150,993 | +€2,228 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €148 | = | 0.0% |
| Other operating charges | 640/8 | €593 | €610 | +€17 | +2.9% |
| Gross operating margin | 9900 | €63,670 | €8,937 | -€54,734 | -86.0% |
| Operating profit (loss) | 9901 | €62,929 | €8,178 | -€54,751 | -87.0% |
| Financial income | 75/76B | €1,296 | €1,301 | +€5 | +0.4% |
| Recurring financial income | 75 | €1,296 | €1,301 | +€5 | +0.4% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +2.9% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €64,185 | €9,438 | -€54,747 | -85.3% |
| Income taxes | 67/77 | €389 | €569 | +€180 | +46.3% |
| Profit (loss) for the period | 9904 | €63,797 | €8,869 | -€54,927 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,797 | €8,869 | -€54,927 | -86.1% |
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 10 October 2026 via checked.be.