REAL MATTERS: 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.
REAL MATTERS
Largest movements
- Cash -€3,026
down €3,026 (-99.5%), from €3,042 to €16
- Receivables within one year +€1,000
new in 2025: €1,000
- Profit (loss) carried forward -€2,026
down €2,026 (-11.6%), from -€17,409 to -€19,435
- Taxes -€476
no longer reported in 2025 (was €476)
- Gross operating margin -€204
down €204, from €0 to -€204
- Financial charges -€22
down €22 (-75.9%), from €29 to €7
of which Financial charges: -€22
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,042 | €1,016 | -€2,026 | -66.6% |
| Current assets | 29/58 | €3,042 | €1,016 | -€2,026 | -66.6% |
| Amounts receivable within one year | 40/41 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €3,042 | €16 | -€3,026 | -99.5% |
| Total equity and liabilities | 10/49 | €3,042 | €1,016 | -€2,026 | -66.6% |
| Equity | 10/15 | €3,042 | €1,016 | -€2,026 | -66.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,409 | -€19,435 | -€2,026 | -11.6% |
| Gross operating margin | 9900 | €0 | -€204 | -€204 | |
| Operating profit (loss) | 9901 | €0 | -€204 | -€204 | |
| Financial charges | 65/66B | €29 | €7 | -€22 | -75.9% |
| Recurring financial charges | 65 | €29 | €7 | -€22 | -75.9% |
| Non-recurring financial charges | 66B | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | -€29 | -€211 | -€182 | -628% |
| Income taxes | 67/77 | €476 | - | -€476 | |
| Profit (loss) for the period | 9904 | -€505 | -€211 | +€294 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€505 | -€211 | +€294 | +58.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.