RATIONAL VISION: 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.
RATIONAL VISION
Largest movements
- Cash -€12,139
down €12,139 (-77.3%), from €15,699 to €3,560
mainly Net result for the year (-€25,448)
- Tangible fixed assets -€1,314
down €1,314 (-56.8%), from €2,315 to €1,001
- Receivables within one year -€655
down €655 (-35.3%), from €1,856 to €1,202
of which Other amounts receivable: -€1,261
- Profit (loss) carried forward -€25,448
down €25,448 (-90.3%), from -€28,185 to -€53,632
- Other debts +€9,884
up €9,884 (+139.9%), from €7,065 to €16,948
- Trade debts +€1,057
up €1,057 (+306.1%), from €345 to €1,402
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin +€6,195
up €6,195 (+20.7%), from -€29,859 to -€23,664
- Financial income -€4,326
no longer reported in 2025 (was €4,326)
- Depreciation -€865
down €865 (-39.7%), from €2,179 to €1,314
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 | €19,895 | €5,788 | -€14,108 | -70.9% |
| Fixed assets | 21/28 | €2,340 | €1,026 | -€1,314 | -56.2% |
| Tangible fixed assets | 22/27 | €2,315 | €1,001 | -€1,314 | -56.8% |
| Furniture and vehicles | 24 | €2,315 | €1,001 | -€1,314 | -56.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €17,556 | €4,762 | -€12,794 | -72.9% |
| Amounts receivable within one year | 40/41 | €1,856 | €1,202 | -€655 | -35.3% |
| Trade receivables | 40 | €274 | €881 | +€607 | +221.4% |
| Other amounts receivable | 41 | €1,583 | €321 | -€1,261 | -79.7% |
| Cash at bank and in hand | 54/58 | €15,699 | €3,560 | -€12,139 | -77.3% |
| Total equity and liabilities | 10/49 | €19,895 | €5,788 | -€14,108 | -70.9% |
| Equity | 10/15 | €12,486 | -€12,962 | -€25,448 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,070 | €22,070 | = | 0.0% |
| Distributable reserves | 133 | €22,070 | €22,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,185 | -€53,632 | -€25,448 | -90.3% |
| Amounts payable | 17/49 | €7,410 | €18,750 | +€11,340 | +153.0% |
| Amounts payable within one year | 42/48 | €7,410 | €18,350 | +€10,940 | +147.6% |
| Trade debts | 44 | €345 | €1,402 | +€1,057 | +306.1% |
| Suppliers | 440/4 | €345 | €1,402 | +€1,057 | +306.1% |
| Other amounts payable | 47/48 | €7,065 | €16,948 | +€9,884 | +139.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,179 | €1,314 | -€865 | -39.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€29,859 | -€23,664 | +€6,195 | +20.7% |
| Operating profit (loss) | 9901 | -€32,425 | -€25,377 | +€7,048 | +21.7% |
| Financial income | 75/76B | €4,326 | - | -€4,326 | |
| Recurring financial income | 75 | €4,326 | - | -€4,326 | |
| Financial charges | 65/66B | €85 | €70 | -€15 | -17.4% |
| Recurring financial charges | 65 | €85 | €70 | -€15 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,185 | -€25,448 | +€2,737 | +9.7% |
| Profit (loss) for the period | 9904 | -€28,185 | -€25,448 | +€2,737 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,185 | -€25,448 | +€2,737 | +9.7% |
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 8 October 2026 via checked.be.