QUANTIFY PERFORMANCE: 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.
QUANTIFY PERFORMANCE
Largest movements
- Cash -€30,885
down €30,885 (-14.0%), from €220,582 to €189,697
mainly Net result for the year (-€29,161) and Tax, wage and social debts (-€1,739)
- Reserves -€22,379
down €22,379 (-11.6%), from €193,314 to €170,934
- Profit (loss) carried forward -€6,782
down €6,782 (-47.9%), from €14,172 to €7,391
- Gross operating margin -€45,170
down €45,170, from €15,507 to -€29,663
- Taxes -€4,475
down €4,475 (-96.4%), from €4,644 to €168
- Financial income +€560
up €560 (+48.9%), from €1,145 to €1,705
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 | €222,489 | €191,731 | -€30,758 | -13.8% |
| Current assets | 29/58 | €222,489 | €191,731 | -€30,758 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,404 | €1,024 | -€380 | -27.1% |
| Trade receivables | 40 | €332 | €532 | +€201 | +60.6% |
| Other amounts receivable | 41 | €1,072 | €492 | -€581 | -54.2% |
| Cash at bank and in hand | 54/58 | €220,582 | €189,697 | -€30,885 | -14.0% |
| Deferred charges and accrued income | 490/1 | €503 | €1,009 | +€507 | +100.7% |
| Total equity and liabilities | 10/49 | €222,489 | €191,731 | -€30,758 | -13.8% |
| Equity | 10/15 | €219,886 | €190,725 | -€29,161 | -13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,314 | €170,934 | -€22,379 | -11.6% |
| Distributable reserves | 133 | €193,314 | €170,934 | -€22,379 | -11.6% |
| Profit (loss) carried forward | 14 | €14,172 | €7,391 | -€6,782 | -47.9% |
| Amounts payable | 17/49 | €2,603 | €1,006 | -€1,597 | -61.4% |
| Amounts payable within one year | 42/48 | €2,603 | €1,006 | -€1,597 | -61.4% |
| Trade debts | 44 | €864 | €1,006 | +€142 | +16.4% |
| Suppliers | 440/4 | €864 | €1,006 | +€142 | +16.4% |
| Taxes, remuneration and social security | 45 | €1,739 | - | -€1,739 | |
| Remuneration and social security | 454/9 | €1,739 | - | -€1,739 | |
| Other operating charges | 640/8 | €890 | €868 | -€22 | -2.5% |
| Gross operating margin | 9900 | €15,507 | -€29,663 | -€45,170 | |
| Operating profit (loss) | 9901 | €14,617 | -€30,531 | -€45,148 | |
| Financial income | 75/76B | €1,145 | €1,705 | +€560 | +48.9% |
| Recurring financial income | 75 | €1,145 | €1,705 | +€560 | +48.9% |
| Financial charges | 65/66B | €87 | €167 | +€80 | +91.4% |
| Recurring financial charges | 65 | €87 | €167 | +€80 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | €15,674 | -€28,993 | -€44,668 | |
| Income taxes | 67/77 | €4,644 | €168 | -€4,475 | -96.4% |
| Profit (loss) for the period | 9904 | €11,031 | -€29,161 | -€40,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,031 | -€29,161 | -€40,192 |
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 4 October 2026 via checked.be.