Propellant: 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.
Propellant
Largest movements
- Cash -€36,386
down €36,386 (-80.5%), from €45,196 to €8,810
mainly Trade debts (-€34,023) and Net result for the year (-€3,913)
- Receivables within one year -€512
down €512 (-77.1%), from €665 to €153
of which Other amounts receivable: -€613
- Trade debts -€34,023
down €34,023 (-99.5%), from €34,180 to €158
- Reserves -€3,913
down €3,913 (-69.6%), from €5,621 to €1,708
- Other debts +€1,051
up €1,051 (+68.0%), from €1,546 to €2,597
- Gross operating margin +€2,468
up €2,468 (+44.8%), from -€5,507 to -€3,040
- Other operating charges +€222
up €222 (+37.5%), from €592 to €813
- Financial charges +€60
up €60, from €0 to €60
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 | €45,861 | €8,963 | -€36,898 | -80.5% |
| Current assets | 29/58 | €45,861 | €8,963 | -€36,898 | -80.5% |
| Amounts receivable within one year | 40/41 | €665 | €153 | -€512 | -77.1% |
| Trade receivables | 40 | €0 | €101 | +€101 | |
| Other amounts receivable | 41 | €665 | €52 | -€613 | -92.2% |
| Cash at bank and in hand | 54/58 | €45,196 | €8,810 | -€36,386 | -80.5% |
| Total equity and liabilities | 10/49 | €45,861 | €8,963 | -€36,898 | -80.5% |
| Equity | 10/15 | €10,121 | €6,208 | -€3,913 | -38.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €5,621 | €1,708 | -€3,913 | -69.6% |
| Distributable reserves | 133 | €5,621 | €1,708 | -€3,913 | -69.6% |
| Amounts payable | 17/49 | €35,740 | €2,755 | -€32,985 | -92.3% |
| Amounts payable within one year | 42/48 | €35,727 | €2,755 | -€32,972 | -92.3% |
| Trade debts | 44 | €34,180 | €158 | -€34,023 | -99.5% |
| Suppliers | 440/4 | €34,180 | €158 | -€34,023 | -99.5% |
| Other amounts payable | 47/48 | €1,546 | €2,597 | +€1,051 | +68.0% |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100% |
| Other operating charges | 640/8 | €592 | €813 | +€222 | +37.5% |
| Gross operating margin | 9900 | -€5,507 | -€3,040 | +€2,468 | +44.8% |
| Operating profit (loss) | 9901 | -€6,099 | -€3,853 | +€2,246 | +36.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €0 | €60 | +€60 | |
| Recurring financial charges | 65 | €0 | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | -€6,099 | -€3,913 | +€2,186 | +35.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,099 | -€3,913 | +€2,186 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,099 | -€3,913 | +€2,186 | +35.8% |
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 14 October 2026 via checked.be.