QUIZ: what changed
What changed
QUIZ
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€385
2024 · -€105,296+€104,911
Equity
€1.2m
2024 · €1.2m-€385
Cash
€91,319
2024 · €261,463-€170,144
Balance sheet total
€1.2m
2024 · €1.2m-€14,194
Largest movements
Assets
- Current investments +€480,029
up €480,029 (+348%), from €138,000 to €618,029
- Receivables after one year -€318,499
down €318,499 (-41.9%), from €760,628 to €442,129
- Cash -€170,144
down €170,144 (-65.1%), from €261,463 to €91,319
mainly Current investments (-€480,029) and Trade debts (-€13,613)
Equity and liabilities
- Trade debts -€13,613
down €13,613 (-78.4%), from €17,357 to €3,744
Income statement
- Gross operating margin +€95,401
up €95,401 (+97.0%), from -€98,397 to -€2,996
- Other operating charges -€8,790
down €8,790 (-89.8%), from €9,789 to €998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€105,296
Gross operating margin
+€95,401
Other operating charges
+€8,790
Financial income
+€726
Financial charges
-€6
Result 2025
-€385
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€309,885
Investment
-€480,029
Financing
€0
Cash 2024
€261,463
From operations (derived)
+€309,885
Net result for the year
-€385
Receivables after one year
+€318,499
Receivables within one year
+€5,580
Trade debts
-€13,613
Tax, wage and social debts
-€196
Investment (derived)
-€480,029
Current investments
-€480,029
Cash 2025
€91,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,194,251 | €1,180,058 | -€14,194 | -1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €1,184,251 | €1,170,058 | -€14,194 | -1.2% |
| Amounts receivable after more than one year | 29 | €760,628 | €442,129 | -€318,499 | -41.9% |
| Other amounts receivable | 291 | €760,628 | €442,129 | -€318,499 | -41.9% |
| Amounts receivable within one year | 40/41 | €24,161 | €18,581 | -€5,580 | -23.1% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €24,161 | €18,581 | -€5,580 | -23.1% |
| Current investments | 50/53 | €138,000 | €618,029 | +€480,029 | +348% |
| Cash at bank and in hand | 54/58 | €261,463 | €91,319 | -€170,144 | -65.1% |
| Total equity and liabilities | 10/49 | €1,194,251 | €1,180,058 | -€14,194 | -1.2% |
| Equity | 10/15 | €1,175,573 | €1,175,188 | -€385 | 0.0% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €300,000 | €300,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300,000 | €300,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,124,427 | -€2,124,812 | -€385 | 0.0% |
| Amounts payable | 17/49 | €18,678 | €4,869 | -€13,809 | -73.9% |
| Amounts payable within one year | 42/48 | €18,678 | €4,869 | -€13,809 | -73.9% |
| Trade debts | 44 | €17,357 | €3,744 | -€13,613 | -78.4% |
| Suppliers | 440/4 | €17,357 | €3,744 | -€13,613 | -78.4% |
| Taxes, remuneration and social security | 45 | €196 | €0 | -€196 | -100% |
| Taxes | 450/3 | €196 | €0 | -€196 | -100% |
| Other amounts payable | 47/48 | €1,125 | €1,125 | = | 0.0% |
| Other operating charges | 640/8 | €9,789 | €998 | -€8,790 | -89.8% |
| Gross operating margin | 9900 | -€98,397 | -€2,996 | +€95,401 | +97.0% |
| Operating profit (loss) | 9901 | -€108,186 | -€3,994 | +€104,192 | +96.3% |
| Financial income | 75/76B | €3,221 | €3,947 | +€726 | +22.5% |
| Recurring financial income | 75 | €3,221 | €3,947 | +€726 | +22.5% |
| Financial charges | 65/66B | €331 | €338 | +€6 | +1.9% |
| Recurring financial charges | 65 | €331 | €338 | +€6 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€105,296 | -€385 | +€104,911 | +99.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€105,296 | -€385 | +€104,911 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,296 | -€385 | +€104,911 | +99.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.