RED ACTION: 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.
RED ACTION
Largest movements
- Cash +€375
up €375 (+961.5%), from €39 to €414
mainly Other debts (+€600)
- Other debts +€600
up €600 (+6.4%), from €9,350 to €9,950
- Profit (loss) carried forward -€225
down €225 (-1.1%), from -€21,106 to -€21,331
- Write-downs -€505
no longer reported in 2025 (was €505)
- Other operating charges +€120
new in 2025: €120
- Financial charges -€17
down €17 (-30.4%), from €56 to €39
- Gross operating margin -€2
down €2 (-3.1%), from -€64 to -€66
- Purchases and services +€2
up €2 (+3.1%), from €64 to €66
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 | €89 | €464 | +€375 | +421.3% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €39 | €414 | +€375 | +961.5% |
| Cash at bank and in hand | 54/58 | €39 | €414 | +€375 | +961.5% |
| Total equity and liabilities | 10/49 | €89 | €464 | +€375 | +421.3% |
| Equity | 10/15 | -€9,261 | -€9,486 | -€225 | -2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,645 | €5,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €615 | €615 | = | 0.0% |
| Reserves not available under the articles | 1311 | €615 | €615 | = | 0.0% |
| Distributable reserves | 133 | €5,030 | €5,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,106 | -€21,331 | -€225 | -1.1% |
| Amounts payable | 17/49 | €9,350 | €9,950 | +€600 | +6.4% |
| Amounts payable within one year | 42/48 | €9,350 | €9,950 | +€600 | +6.4% |
| Other amounts payable | 47/48 | €9,350 | €9,950 | +€600 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | €66 | +€2 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €505 | - | -€505 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€64 | -€66 | -€2 | -3.1% |
| Operating profit (loss) | 9901 | -€569 | -€186 | +€383 | +67.3% |
| Financial charges | 65/66B | €56 | €39 | -€17 | -30.4% |
| Recurring financial charges | 65 | €56 | €39 | -€17 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€625 | -€225 | +€400 | +64.0% |
| Profit (loss) for the period | 9904 | -€625 | -€225 | +€400 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€625 | -€225 | +€400 | +64.0% |
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 28 September 2026 via checked.be.