QUOTE: 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.
QUOTE
Largest movements
- Receivables within one year -€78,555
down €78,555 (-20.8%), from €378,310 to €299,756
of which Other amounts receivable: -€78,555
- Tax, wage and social debts -€68,897
down €68,897 (-96.4%), from €71,496 to €2,599
- Profit (loss) carried forward -€12,497
down €12,497 (-28.4%), from -€44,006 to -€56,502
- Other operating charges -€48,772
down €48,772 (-95.9%), from €50,858 to €2,086
- Gross operating margin -€11,981
down €11,981 (-311.2%), from -€3,850 to -€15,831
- Financial charges +€11,511
up €11,511 (+1752.2%), from €657 to €12,167
- Financial income +€3,629
up €3,629 (+26.0%), from €13,959 to €17,588
- Taxes -€2,599
down €2,599 (-100.0%), from €2,599 to €0
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 | €481,040 | €400,949 | -€80,091 | -16.6% |
| Fixed assets | 21/28 | €81,901 | €81,901 | = | 0.0% |
| Tangible fixed assets | 22/27 | €81,901 | €81,901 | = | 0.0% |
| Furniture and vehicles | 24 | €81,901 | €81,901 | = | 0.0% |
| Current assets | 29/58 | €399,139 | €319,048 | -€80,091 | -20.1% |
| Amounts receivable within one year | 40/41 | €378,310 | €299,756 | -€78,555 | -20.8% |
| Trade receivables | 40 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 41 | €365,810 | €287,256 | -€78,555 | -21.5% |
| Cash at bank and in hand | 54/58 | €20,829 | €19,292 | -€1,536 | -7.4% |
| Total equity and liabilities | 10/49 | €481,040 | €400,949 | -€80,091 | -16.6% |
| Equity | 10/15 | €406,081 | €393,584 | -€12,497 | -3.1% |
| Contributions | 10/11 | €200,397 | €200,397 | = | 0.0% |
| Reserves | 13 | €249,690 | €249,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,040 | €10,040 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,040 | €10,040 | = | 0.0% |
| Distributable reserves | 133 | €239,650 | €239,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,006 | -€56,502 | -€12,497 | -28.4% |
| Amounts payable | 17/49 | €74,959 | €7,364 | -€67,594 | -90.2% |
| Amounts payable within one year | 42/48 | €74,959 | €7,364 | -€67,594 | -90.2% |
| Trade debts | 44 | €3,173 | €3,358 | +€185 | +5.8% |
| Suppliers | 440/4 | €3,173 | €3,358 | +€185 | +5.8% |
| Taxes, remuneration and social security | 45 | €71,496 | €2,599 | -€68,897 | -96.4% |
| Taxes | 450/3 | €71,496 | €2,599 | -€68,897 | -96.4% |
| Other amounts payable | 47/48 | €290 | €1,407 | +€1,117 | +384.8% |
| Other operating charges | 640/8 | €50,858 | €2,086 | -€48,772 | -95.9% |
| Gross operating margin | 9900 | -€3,850 | -€15,831 | -€11,981 | -311.2% |
| Operating profit (loss) | 9901 | -€54,708 | -€17,918 | +€36,791 | +67.2% |
| Financial income | 75/76B | €13,959 | €17,588 | +€3,629 | +26.0% |
| Recurring financial income | 75 | €13,959 | €17,588 | +€3,629 | +26.0% |
| Financial charges | 65/66B | €657 | €12,167 | +€11,511 | +1752.2% |
| Recurring financial charges | 65 | €657 | €12,167 | +€11,511 | +1752.2% |
| Profit (loss) for the period before taxes | 9903 | -€41,406 | -€12,497 | +€28,910 | +69.8% |
| Income taxes | 67/77 | €2,599 | €0 | -€2,599 | -100.0% |
| Profit (loss) for the period | 9904 | -€44,006 | -€12,497 | +€31,509 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,006 | -€12,497 | +€31,509 | +71.6% |
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 7 October 2026 via checked.be.