Q - PROJECT: 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.
Q - PROJECT
Largest movements
- Cash -€222
down €222 (-47.3%), from €470 to €248
mainly Net result for the year (-€4,368) and Receivables within one year (-€90)
- Receivables within one year +€90
up €90 (+124%), from €72 to €162
- Profit (loss) carried forward -€4,368
down €4,368 (-5.9%), from -€73,912 to -€78,280
- Other debts +€3,499
up €3,499 (+13.4%), from €26,030 to €29,529
- Trade debts +€737
up €737 (+83.2%), from €887 to €1,624
- Gross operating margin -€3,890
down €3,890 (-2,193%), from -€177 to -€4,067
- Depreciation -€203
no longer reported in 2025 (was €203)
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 | €6,883 | €6,751 | -€132 | -1.9% |
| Current assets | 29/58 | €6,883 | €6,751 | -€132 | -1.9% |
| Amounts receivable within one year | 40/41 | €72 | €162 | +€90 | +124% |
| Other amounts receivable | 41 | €72 | €162 | +€90 | +124% |
| Current investments | 50/53 | €6,341 | €6,341 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €470 | €248 | -€222 | -47.3% |
| Total equity and liabilities | 10/49 | €6,883 | €6,751 | -€132 | -1.9% |
| Equity | 10/15 | -€20,033 | -€24,402 | -€4,368 | -21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,278 | €35,278 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,300 | €1,300 | = | 0.0% |
| Distributable reserves | 133 | €33,978 | €33,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,912 | -€78,280 | -€4,368 | -5.9% |
| Amounts payable | 17/49 | €26,917 | €31,153 | +€4,236 | +15.7% |
| Amounts payable within one year | 42/48 | €26,917 | €31,153 | +€4,236 | +15.7% |
| Trade debts | 44 | €887 | €1,624 | +€737 | +83.2% |
| Suppliers | 440/4 | €887 | €1,624 | +€737 | +83.2% |
| Other amounts payable | 47/48 | €26,030 | €29,529 | +€3,499 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | - | -€203 | |
| Other operating charges | 640/8 | €164 | €166 | +€2 | +1.2% |
| Gross operating margin | 9900 | -€177 | -€4,067 | -€3,890 | -2,193% |
| Operating profit (loss) | 9901 | -€544 | -€4,233 | -€3,689 | -677% |
| Financial charges | 65/66B | €154 | €135 | -€19 | -12.2% |
| Recurring financial charges | 65 | €154 | €135 | -€19 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€699 | -€4,368 | -€3,670 | -525% |
| Profit (loss) for the period | 9904 | -€699 | -€4,368 | -€3,670 | -525% |
| Profit (loss) for the period to be appropriated | 9905 | -€699 | -€4,368 | -€3,670 | -525% |
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.