R & C: 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 & C
Largest movements
- Cash +€13,558
up €13,558 (+180.8%), from €7,499 to €21,057
mainly Other debts (+€15,052) and Accrued charges and deferred income (+€6,300)
- Stocks and contracts +€12,383
up €12,383 (+31.4%), from €39,468 to €51,851
- Tangible fixed assets -€3,004
down €3,004 (-39.1%), from €7,677 to €4,673
of which Furniture and vehicles: -€2,370
- Deferred charges and accrued income +€2,098
up €2,098 (+466.7%), from €449 to €2,547
- Other debts +€15,052
up €15,052 (+483.4%), from €3,114 to €18,166
- Accrued charges and deferred income +€6,300
up €6,300 (+350.0%), from €1,800 to €8,100
- Trade debts +€5,088
up €5,088 (+436.5%), from €1,166 to €6,254
- Profit (loss) carried forward -€3,421
down €3,421 (-2.7%), from -€125,981 to -€129,402
- Tax, wage and social debts +€1,500
up €1,500 (+100.0%), from €1,500 to €3,000
of which Remuneration and social security: +€1,500
- Gross operating margin +€10,811
up €10,811, from -€10,342 to €469
- Depreciation -€656
down €656 (-17.9%), from €3,660 to €3,004
- Financial income +€255
up €255 (+1123.5%), from €23 to €278
- Financial charges +€244
up €244 (+423.3%), from €58 to €301
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 | €58,154 | €82,673 | +€24,519 | +42.2% |
| Fixed assets | 21/28 | €7,927 | €4,923 | -€3,004 | -37.9% |
| Tangible fixed assets | 22/27 | €7,677 | €4,673 | -€3,004 | -39.1% |
| Furniture and vehicles | 24 | €5,350 | €2,980 | -€2,370 | -44.3% |
| Other tangible fixed assets | 26 | €2,326 | €1,692 | -€634 | -27.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €50,227 | €77,750 | +€27,523 | +54.8% |
| Stocks and contracts in progress | 3 | €39,468 | €51,851 | +€12,383 | +31.4% |
| Stocks | 30/36 | €39,468 | €51,851 | +€12,383 | +31.4% |
| Amounts receivable within one year | 40/41 | €2,811 | €2,295 | -€516 | -18.4% |
| Trade receivables | 40 | €2,080 | €1,874 | -€206 | -9.9% |
| Other amounts receivable | 41 | €731 | €421 | -€310 | -42.5% |
| Cash at bank and in hand | 54/58 | €7,499 | €21,057 | +€13,558 | +180.8% |
| Deferred charges and accrued income | 490/1 | €449 | €2,547 | +€2,098 | +466.7% |
| Total equity and liabilities | 10/49 | €58,154 | €82,673 | +€24,519 | +42.2% |
| Equity | 10/15 | €50,574 | €47,153 | -€3,421 | -6.8% |
| Contributions | 10/11 | €143,592 | €143,592 | = | 0.0% |
| Reserves | 13 | €32,963 | €32,963 | = | 0.0% |
| Distributable reserves | 133 | €32,963 | €32,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,981 | -€129,402 | -€3,421 | -2.7% |
| Amounts payable | 17/49 | €7,580 | €35,520 | +€27,940 | +368.6% |
| Amounts payable within one year | 42/48 | €5,780 | €27,420 | +€21,640 | +374.4% |
| Trade debts | 44 | €1,166 | €6,254 | +€5,088 | +436.5% |
| Suppliers | 440/4 | €1,166 | €6,254 | +€5,088 | +436.5% |
| Taxes, remuneration and social security | 45 | €1,500 | €3,000 | +€1,500 | +100.0% |
| Taxes | 450/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €3,114 | €18,166 | +€15,052 | +483.4% |
| Accrued charges and deferred income | 492/3 | €1,800 | €8,100 | +€6,300 | +350.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,660 | €3,004 | -€656 | -17.9% |
| Other operating charges | 640/8 | €838 | €862 | +€25 | +2.9% |
| Gross operating margin | 9900 | -€10,342 | €469 | +€10,811 | |
| Operating profit (loss) | 9901 | -€14,839 | -€3,397 | +€11,442 | +77.1% |
| Financial income | 75/76B | €23 | €278 | +€255 | +1123.5% |
| Recurring financial income | 75 | €23 | €278 | +€255 | +1123.5% |
| Financial charges | 65/66B | €58 | €301 | +€244 | +423.3% |
| Recurring financial charges | 65 | €58 | €301 | +€244 | +423.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,874 | -€3,421 | +€11,454 | +77.0% |
| Profit (loss) for the period | 9904 | -€14,874 | -€3,421 | +€11,454 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,874 | -€3,421 | +€11,454 | +77.0% |
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.