R & A: 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.
R & A
Largest movements
- Cash -€17,834
down €17,834 (-45.9%), from €38,841 to €21,006
mainly Contributions, distributions and other (-€61,301) and Receivables within one year (-€1,940)
- Tangible fixed assets -€6,074
down €6,074 (-33.6%), from €18,105 to €12,031
of which Furniture and vehicles: -€4,604
- Receivables within one year +€1,940
up €1,940 (+13.0%), from €14,932 to €16,872
of which Trade receivables: +€1,998
- Deferred charges and accrued income +€1,142
up €1,142 (+74.2%), from €1,540 to €2,683
- Reserves -€51,895
down €51,895 (-100.0%), from €51,895 to €0
- Other debts +€13,705
up €13,705 (+93.7%), from €14,630 to €28,335
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€4,074
up €4,074 (+478.6%), from €851 to €4,926
- Gross operating margin +€19,340
up €19,340 (+135.8%), from €14,241 to €33,582
- Depreciation +€4,760
up €4,760 (+362.0%), from €1,315 to €6,074
- Taxes +€1,946
up €1,946 (+63.7%), from €3,054 to €5,000
- Financial charges -€1,110
down €1,110 (-96.5%), from €1,150 to €40
- Other operating charges -€630
down €630 (-48.8%), from €1,291 to €661
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 | €74,386 | €53,155 | -€21,232 | -28.5% |
| Fixed assets | 21/28 | €18,105 | €12,031 | -€6,074 | -33.6% |
| Tangible fixed assets | 22/27 | €18,105 | €12,031 | -€6,074 | -33.6% |
| Plant, machinery and equipment | 23 | €644 | €40 | -€604 | -93.8% |
| Furniture and vehicles | 24 | €13,194 | €8,590 | -€4,604 | -34.9% |
| Other tangible fixed assets | 26 | €4,267 | €3,401 | -€866 | -20.3% |
| Current assets | 29/58 | €56,281 | €41,124 | -€15,157 | -26.9% |
| Stocks and contracts in progress | 3 | €968 | €563 | -€405 | -41.9% |
| Stocks | 30/36 | €968 | €563 | -€405 | -41.9% |
| Amounts receivable within one year | 40/41 | €14,932 | €16,872 | +€1,940 | +13.0% |
| Trade receivables | 40 | €14,440 | €16,438 | +€1,998 | +13.8% |
| Other amounts receivable | 41 | €492 | €434 | -€58 | -11.8% |
| Cash at bank and in hand | 54/58 | €38,841 | €21,006 | -€17,834 | -45.9% |
| Deferred charges and accrued income | 490/1 | €1,540 | €2,683 | +€1,142 | +74.2% |
| Total equity and liabilities | 10/49 | €74,386 | €53,155 | -€21,232 | -28.5% |
| Equity | 10/15 | €58,095 | €18,600 | -€39,495 | -68.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €51,895 | €0 | -€51,895 | -100.0% |
| Distributable reserves | 133 | €51,895 | €0 | -€51,895 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,291 | €34,555 | +€18,263 | +112.1% |
| Amounts payable within one year | 42/48 | €16,291 | €34,555 | +€18,263 | +112.1% |
| Trade debts | 44 | €811 | €1,294 | +€484 | +59.7% |
| Suppliers | 440/4 | €811 | €1,294 | +€484 | +59.7% |
| Taxes, remuneration and social security | 45 | €851 | €4,926 | +€4,074 | +478.6% |
| Taxes | 450/3 | €851 | €4,926 | +€4,074 | +478.6% |
| Other amounts payable | 47/48 | €14,630 | €28,335 | +€13,705 | +93.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €6,074 | +€4,760 | +362.0% |
| Other operating charges | 640/8 | €1,291 | €661 | -€630 | -48.8% |
| Gross operating margin | 9900 | €14,241 | €33,582 | +€19,340 | +135.8% |
| Operating profit (loss) | 9901 | €11,636 | €26,846 | +€15,211 | +130.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.1% |
| Financial charges | 65/66B | €1,150 | €40 | -€1,110 | -96.5% |
| Recurring financial charges | 65 | €1,150 | €40 | -€1,110 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €10,487 | €26,806 | +€16,319 | +155.6% |
| Income taxes | 67/77 | €3,054 | €5,000 | +€1,946 | +63.7% |
| Profit (loss) for the period | 9904 | €7,433 | €21,806 | +€14,373 | +193.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,433 | €21,806 | +€14,373 | +193.4% |
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 3 October 2026 via checked.be.