RED CARPET: 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.
RED CARPET
Largest movements
- Cash +€11,291
up €11,291 (+845%), from €1,337 to €12,628
mainly Other debts (+€8,782) and Receivables within one year (+€4,994)
- Receivables within one year -€4,994
no longer reported in 2025 (was €4,994)
of which Trade receivables: -€4,725
- Other debts +€8,782
up €8,782 (+134%), from €6,556 to €15,338
- Profit (loss) carried forward -€1,953
down €1,953 (-33.9%), from -€5,757 to -€7,710
- Trade debts -€532
no longer reported in 2025 (was €532)
- Gross operating margin -€2,129
down €2,129, from €622 to -€1,508
- Financial charges +€16
up €16 (+54.4%), from €29 to €45
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 | €6,331 | €12,628 | +€6,297 | +99.5% |
| Current assets | 29/58 | €6,331 | €12,628 | +€6,297 | +99.5% |
| Amounts receivable within one year | 40/41 | €4,994 | - | -€4,994 | |
| Trade receivables | 40 | €4,725 | - | -€4,725 | |
| Other amounts receivable | 41 | €269 | - | -€269 | |
| Cash at bank and in hand | 54/58 | €1,337 | €12,628 | +€11,291 | +845% |
| Total equity and liabilities | 10/49 | €6,331 | €12,628 | +€6,297 | +99.5% |
| Equity | 10/15 | -€757 | -€2,710 | -€1,953 | -258% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,757 | -€7,710 | -€1,953 | -33.9% |
| Amounts payable | 17/49 | €7,088 | €15,338 | +€8,250 | +116% |
| Amounts payable within one year | 42/48 | €7,088 | €15,338 | +€8,250 | +116% |
| Trade debts | 44 | €532 | - | -€532 | |
| Suppliers | 440/4 | €532 | - | -€532 | |
| Other amounts payable | 47/48 | €6,556 | €15,338 | +€8,782 | +134% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €622 | -€1,508 | -€2,129 | |
| Operating profit (loss) | 9901 | €234 | -€1,908 | -€2,142 | |
| Financial charges | 65/66B | €29 | €45 | +€16 | +54.4% |
| Recurring financial charges | 65 | €29 | €45 | +€16 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €205 | -€1,953 | -€2,158 | |
| Profit (loss) for the period | 9904 | €205 | -€1,953 | -€2,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €205 | -€1,953 | -€2,158 |
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 30 October 2026 via checked.be.