Que sera sera: 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.
Que sera sera
Largest movements
- Tangible fixed assets -€6,907
down €6,907 (-47.9%), from €14,422 to €7,515
- Receivables within one year +€6,237
up €6,237 (+105%), from €5,937 to €12,174
of which Other amounts receivable: +€6,376
- Cash +€2,340
up €2,340 (+26.3%), from €8,910 to €11,250
mainly Other debts (+€10,000) and Depreciation (+€6,907)
- Deferred charges and accrued income -€410
down €410 (-13.4%), from €3,052 to €2,642
- Other debts +€10,000
new in 2025: €10,000
- Reserves -€8,389
down €8,389 (-28.0%), from €29,943 to €21,554
of which Distributable reserves: -€10,000
- Accrued charges and deferred income -€412
no longer reported in 2025 (was €412)
- Taxes +€1,097
up €1,097 (+65.1%), from €1,684 to €2,781
- Depreciation -€278
down €278 (-3.9%), from €7,185 to €6,907
- Gross operating margin -€200
down €200 (-1.5%), from €13,567 to €13,366
- Financial charges -€191
down €191 (-30.7%), from €621 to €430
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 | €32,321 | €33,580 | +€1,260 | +3.9% |
| Fixed assets | 21/28 | €14,422 | €7,515 | -€6,907 | -47.9% |
| Tangible fixed assets | 22/27 | €14,422 | €7,515 | -€6,907 | -47.9% |
| Furniture and vehicles | 24 | €14,422 | €7,515 | -€6,907 | -47.9% |
| Current assets | 29/58 | €17,899 | €26,065 | +€8,166 | +45.6% |
| Amounts receivable within one year | 40/41 | €5,937 | €12,174 | +€6,237 | +105% |
| Trade receivables | 40 | €4,556 | €4,417 | -€139 | -3.1% |
| Other amounts receivable | 41 | €1,381 | €7,757 | +€6,376 | +462% |
| Cash at bank and in hand | 54/58 | €8,910 | €11,250 | +€2,340 | +26.3% |
| Deferred charges and accrued income | 490/1 | €3,052 | €2,642 | -€410 | -13.4% |
| Total equity and liabilities | 10/49 | €32,321 | €33,580 | +€1,260 | +3.9% |
| Equity | 10/15 | €30,943 | €22,554 | -€8,389 | -27.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,943 | €21,554 | -€8,389 | -28.0% |
| Non-distributable reserves | 130/1 | €15,111 | €16,722 | +€1,611 | +10.7% |
| Other | 1319 | €15,111 | €16,722 | +€1,611 | +10.7% |
| Distributable reserves | 133 | €14,832 | €4,832 | -€10,000 | -67.4% |
| Amounts payable | 17/49 | €1,377 | €11,026 | +€9,649 | +700% |
| Amounts payable within one year | 42/48 | €966 | €11,026 | +€10,061 | +1,042% |
| Trade debts | 44 | €766 | €1,026 | +€260 | +33.9% |
| Suppliers | 440/4 | €766 | €1,026 | +€260 | +33.9% |
| Taxes, remuneration and social security | 45 | €199 | - | -€199 | |
| Taxes | 450/3 | €199 | - | -€199 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €412 | - | -€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,185 | €6,907 | -€278 | -3.9% |
| Other operating charges | 640/8 | €1,222 | €1,262 | +€41 | +3.3% |
| Non-recurring operating charges | 66A | €150 | €406 | +€256 | +171% |
| Gross operating margin | 9900 | €13,567 | €13,366 | -€200 | -1.5% |
| Operating profit (loss) | 9901 | €5,010 | €4,791 | -€219 | -4.4% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €621 | €430 | -€191 | -30.7% |
| Recurring financial charges | 65 | €621 | €430 | -€191 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €4,389 | €4,392 | +€3 | +0.1% |
| Income taxes | 67/77 | €1,684 | €2,781 | +€1,097 | +65.1% |
| Profit (loss) for the period | 9904 | €2,704 | €1,611 | -€1,093 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €1,611 | -€1,093 | -40.4% |
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 24 October 2026 via checked.be.