RED OR BLUE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
RED OR BLUE
Largest movements
- Tangible fixed assets -€2,530
down €2,530 (-43.2%), from €5,858 to €3,329
- Intangible fixed assets +€921
new in 2025: €921
- Cash -€614
down €614 (-46.9%), from €1,308 to €694
mainly Net result for the year (-€10,337) and Investment in fixed assets (net) (-€3,360)
- Receivables within one year -€157
down €157 (-69.1%), from €227 to €70
- Profit (loss) carried forward -€10,337
down €10,337 (-25.5%), from -€40,531 to -€50,868
- Other debts +€8,500
up €8,500 (+20.8%), from €40,805 to €49,305
- Tax, wage and social debts -€387
down €387 (-51.9%), from €745 to €358
- Trade debts -€231
down €231 (-97.5%), from €237 to €6
- Gross operating margin +€1,852
up €1,852 (+27.0%), from -€6,871 to -€5,019
- Depreciation -€1,388
down €1,388 (-21.8%), from €6,357 to €4,968
- Taxes -€231
down €231 (-49.5%), from €467 to €236
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 | €7,457 | €5,066 | -€2,391 | -32.1% |
| Fixed assets | 21/28 | €5,858 | €4,250 | -€1,608 | -27.5% |
| Intangible fixed assets | 21 | - | €921 | +€921 | |
| Tangible fixed assets | 22/27 | €5,858 | €3,329 | -€2,530 | -43.2% |
| Furniture and vehicles | 24 | €5,858 | €3,329 | -€2,530 | -43.2% |
| Current assets | 29/58 | €1,598 | €816 | -€783 | -49.0% |
| Amounts receivable within one year | 40/41 | €227 | €70 | -€157 | -69.1% |
| Trade receivables | 40 | €227 | €70 | -€157 | -69.1% |
| Cash at bank and in hand | 54/58 | €1,308 | €694 | -€614 | -46.9% |
| Deferred charges and accrued income | 490/1 | €63 | €51 | -€12 | -18.7% |
| Total equity and liabilities | 10/49 | €7,457 | €5,066 | -€2,391 | -32.1% |
| Equity | 10/15 | -€34,331 | -€44,668 | -€10,337 | -30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,531 | -€50,868 | -€10,337 | -25.5% |
| Amounts payable | 17/49 | €41,788 | €49,734 | +€7,946 | +19.0% |
| Amounts payable within one year | 42/48 | €41,788 | €49,670 | +€7,882 | +18.9% |
| Trade debts | 44 | €237 | €6 | -€231 | -97.5% |
| Suppliers | 440/4 | €237 | €6 | -€231 | -97.5% |
| Taxes, remuneration and social security | 45 | €745 | €358 | -€387 | -51.9% |
| Taxes | 450/3 | €745 | €358 | -€387 | -51.9% |
| Other amounts payable | 47/48 | €40,805 | €49,305 | +€8,500 | +20.8% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,357 | €4,968 | -€1,388 | -21.8% |
| Gross operating margin | 9900 | -€6,871 | -€5,019 | +€1,852 | +27.0% |
| Operating profit (loss) | 9901 | -€13,228 | -€9,987 | +€3,240 | +24.5% |
| Financial charges | 65/66B | €114 | €114 | -€0 | 0.0% |
| Recurring financial charges | 65 | €114 | €114 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,342 | -€10,101 | +€3,240 | +24.3% |
| Income taxes | 67/77 | €467 | €236 | -€231 | -49.5% |
| Profit (loss) for the period | 9904 | -€13,809 | -€10,337 | +€3,471 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,809 | -€10,337 | +€3,471 | +25.1% |
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 1 November 2026 via checked.be.