R.N.A.: what changed
Two financial 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.N.A.
Largest movements
- Receivables within one year -€49,081
down €49,081 (-25.0%), from €196,590 to €147,509
- Cash +€3,052
up €3,052 (+934%), from €327 to €3,379
mainly Receivables within one year (+€49,081)
- Other debts -€35,643
down €35,643 (-100%), from €35,643 to €0
- Profit (loss) carried forward -€7,671
down €7,671 (-8.6%), from €89,443 to €81,773
- Trade debts -€2,632
down €2,632 (-72.5%), from €3,630 to €998
- Financial charges -€150,191
down €150,191 (-99.3%), from €151,182 to €991
- Financial income -€141,943
down €141,943 (-78.5%), from €180,773 to €38,830
- Write-downs +€8,192
up €8,192 (+35.2%), from €23,285 to €31,477
- Gross operating margin -€3,870
down €3,870 (-42.9%), from -€9,020 to -€12,890
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.
Derived cash bridge
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 | €196,916 | €150,971 | -€45,945 | -23.3% |
| Current assets | 29/58 | €196,916 | €150,971 | -€45,945 | -23.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €196,590 | €147,509 | -€49,081 | -25.0% |
| Other amounts receivable | 41 | €196,590 | €147,509 | -€49,081 | -25.0% |
| Cash at bank and in hand | 54/58 | €327 | €3,379 | +€3,052 | +934% |
| Deferred charges and accrued income | 490/1 | - | €84 | +€84 | |
| Total equity and liabilities | 10/49 | €196,916 | €150,971 | -€45,945 | -23.3% |
| Equity | 10/15 | €157,643 | €149,973 | -€7,671 | -4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,443 | €81,773 | -€7,671 | -8.6% |
| Amounts payable | 17/49 | €39,273 | €998 | -€38,274 | -97.5% |
| Amounts payable within one year | 42/48 | €39,273 | €998 | -€38,274 | -97.5% |
| Trade debts | 44 | €3,630 | €998 | -€2,632 | -72.5% |
| Suppliers | 440/4 | €3,630 | €998 | -€2,632 | -72.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €35,643 | €0 | -€35,643 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,285 | €31,477 | +€8,192 | +35.2% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€9,020 | -€12,890 | -€3,870 | -42.9% |
| Operating profit (loss) | 9901 | -€33,413 | -€45,510 | -€12,097 | -36.2% |
| Financial income | 75/76B | €180,773 | €38,830 | -€141,943 | -78.5% |
| Recurring financial income | 75 | €180,773 | €38,830 | -€141,943 | -78.5% |
| Financial charges | 65/66B | €151,182 | €991 | -€150,191 | -99.3% |
| Recurring financial charges | 65 | €151,182 | €991 | -€150,191 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,822 | -€7,671 | -€3,849 | -101% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,822 | -€7,671 | -€3,849 | -101% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,822 | -€7,671 | -€3,849 | -101% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.