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 -€17,351
down €17,351 (-99.9%), from €17,361 to €10
mainly Net result for the year (-€17,082) and Debts after one year (-€11,573)
- Tangible fixed assets -€12,588
down €12,588 (-4.0%), from €316,353 to €303,764
of which Plant, machinery and equipment: -€6,478
- Profit (loss) carried forward -€17,082
down €17,082 (-40.8%), from -€41,824 to -€58,906
- Debts after one year -€11,573
down €11,573 (-6.3%), from €183,258 to €171,685
- Gross operating margin -€7,696
down €7,696, from €6,621 to -€1,075
- Other operating charges -€67
down €67 (-4.6%), from €1,462 to €1,395
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 | €340,638 | €310,324 | -€30,313 | -8.9% |
| Fixed assets | 21/28 | €316,353 | €303,764 | -€12,588 | -4.0% |
| Tangible fixed assets | 22/27 | €316,353 | €303,764 | -€12,588 | -4.0% |
| Land and buildings | 22 | €186,246 | €180,135 | -€6,111 | -3.3% |
| Plant, machinery and equipment | 23 | €130,107 | €123,629 | -€6,478 | -5.0% |
| Current assets | 29/58 | €24,285 | €6,560 | -€17,725 | -73.0% |
| Amounts receivable within one year | 40/41 | €6,924 | €6,550 | -€374 | -5.4% |
| Trade receivables | 40 | €6,924 | €6,550 | -€374 | -5.4% |
| Cash at bank and in hand | 54/58 | €17,361 | €10 | -€17,351 | -99.9% |
| Total equity and liabilities | 10/49 | €340,638 | €310,324 | -€30,313 | -8.9% |
| Equity | 10/15 | -€37,324 | -€54,406 | -€17,082 | -45.8% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,824 | -€58,906 | -€17,082 | -40.8% |
| Amounts payable | 17/49 | €377,961 | €364,730 | -€13,231 | -3.5% |
| Amounts payable after more than one year | 17 | €183,258 | €171,685 | -€11,573 | -6.3% |
| Financial debts | 170/4 | €183,258 | €171,685 | -€11,573 | -6.3% |
| Amounts payable within one year | 42/48 | €194,704 | €193,046 | -€1,658 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €11,436 | €11,573 | +€137 | +1.2% |
| Trade debts | 44 | €781 | €525 | -€256 | -32.8% |
| Suppliers | 440/4 | €781 | €525 | -€256 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,323 | €934 | -€389 | -29.4% |
| Taxes | 450/3 | €1,323 | €934 | -€389 | -29.4% |
| Other amounts payable | 47/48 | €181,163 | €180,013 | -€1,150 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,588 | €12,588 | = | 0.0% |
| Other operating charges | 640/8 | €1,462 | €1,395 | -€67 | -4.6% |
| Gross operating margin | 9900 | €6,621 | -€1,075 | -€7,696 | |
| Operating profit (loss) | 9901 | -€7,429 | -€15,058 | -€7,628 | -102.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,077 | €2,024 | -€53 | -2.5% |
| Recurring financial charges | 65 | €2,077 | €2,024 | -€53 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,507 | -€17,082 | -€7,575 | -79.7% |
| Profit (loss) for the period | 9904 | -€9,507 | -€17,082 | -€7,575 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,507 | -€17,082 | -€7,575 | -79.7% |
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 2 October 2026 via checked.be.