Re-story: what changed
Re-story
Largest movements
- Receivables within one year -€12,015
down €12,015 (-75.4%), from €15,945 to €3,930
of which Trade receivables: -€11,974
- Cash -€8,696
down €8,696 (-33.4%), from €26,061 to €17,365
mainly Net result for the year (-€14,694) and Trade debts (-€9,816)
- Deferred charges and accrued income -€2,797
down €2,797 (-95.9%), from €2,917 to €120
- Intangible fixed assets -€1,057
down €1,057 (-38.5%), from €2,745 to €1,689
- Profit (loss) carried forward -€14,694
down €14,694 (-74.4%), from -€19,764 to -€34,458
- Trade debts -€9,816
down €9,816 (-62.2%), from €15,791 to €5,975
- Tax, wage and social debts -€555
down €555 (-19.2%), from €2,891 to €2,336
- Contributions +€500
up €500 (+1.0%), from €48,750 to €49,250
- Gross operating margin +€2,453
up €2,453 (+15.4%), from -€15,893 to -€13,440
- Depreciation -€2,221
down €2,221 (-67.8%), from €3,278 to €1,057
- Financial charges -€260
down €260 (-83.0%), from €313 to €53
of which Non-recurring financial charges: -€200
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,668 | €23,104 | -€24,565 | -51.5% |
| Fixed assets | 21/28 | €2,745 | €1,689 | -€1,057 | -38.5% |
| Intangible fixed assets | 21 | €2,745 | €1,689 | -€1,057 | -38.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €44,923 | €21,415 | -€23,508 | -52.3% |
| Amounts receivable within one year | 40/41 | €15,945 | €3,930 | -€12,015 | -75.4% |
| Trade receivables | 40 | €15,905 | €3,930 | -€11,974 | -75.3% |
| Other amounts receivable | 41 | €40 | €0 | -€40 | -100% |
| Cash at bank and in hand | 54/58 | €26,061 | €17,365 | -€8,696 | -33.4% |
| Deferred charges and accrued income | 490/1 | €2,917 | €120 | -€2,797 | -95.9% |
| Total equity and liabilities | 10/49 | €47,668 | €23,104 | -€24,565 | -51.5% |
| Equity | 10/15 | €28,986 | €14,792 | -€14,194 | -49.0% |
| Contributions | 10/11 | €48,750 | €49,250 | +€500 | +1.0% |
| Profit (loss) carried forward | 14 | -€19,764 | -€34,458 | -€14,694 | -74.4% |
| Amounts payable | 17/49 | €18,682 | €8,312 | -€10,370 | -55.5% |
| Amounts payable within one year | 42/48 | €18,682 | €8,312 | -€10,370 | -55.5% |
| Trade debts | 44 | €15,791 | €5,975 | -€9,816 | -62.2% |
| Suppliers | 440/4 | €15,791 | €5,975 | -€9,816 | -62.2% |
| Taxes, remuneration and social security | 45 | €2,891 | €2,336 | -€555 | -19.2% |
| Taxes | 450/3 | €2,891 | €2,336 | -€555 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,278 | €1,057 | -€2,221 | -67.8% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | -€15,893 | -€13,440 | +€2,453 | +15.4% |
| Operating profit (loss) | 9901 | -€19,311 | -€14,641 | +€4,670 | +24.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €313 | €53 | -€260 | -83.0% |
| Recurring financial charges | 65 | €114 | €53 | -€60 | -53.1% |
| Non-recurring financial charges | 66B | €200 | €0 | -€200 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€19,624 | -€14,694 | +€4,930 | +25.1% |
| Profit (loss) for the period | 9904 | -€19,624 | -€14,694 | +€4,930 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,624 | -€14,694 | +€4,930 | +25.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.