REFLEXXION: 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.
REFLEXXION
Largest movements
- Cash -€43,084
down €43,084 (-88.6%), from €48,618 to €5,534
mainly Net result for the year (-€40,751) and Tax, wage and social debts (-€7,243)
- Receivables within one year -€4,201
down €4,201 (-83.4%), from €5,035 to €834
of which Other amounts receivable: -€2,752
- Tangible fixed assets -€947
down €947 (-43.5%), from €2,175 to €1,228
- Profit (loss) carried forward -€40,751
down €40,751 (-60.7%), from -€67,175 to -€107,925
- Tax, wage and social debts -€7,243
no longer reported in 2025 (was €7,243)
- Other debts -€757
down €757 (-5.1%), from €14,953 to €14,196
- Gross operating margin +€26,477
up €26,477 (+40.6%), from -€65,270 to -€38,793
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 | €56,185 | €7,595 | -€48,589 | -86.5% |
| Fixed assets | 21/28 | €2,175 | €1,228 | -€947 | -43.5% |
| Tangible fixed assets | 22/27 | €2,175 | €1,228 | -€947 | -43.5% |
| Plant, machinery and equipment | 23 | €2,175 | €1,228 | -€947 | -43.5% |
| Current assets | 29/58 | €54,010 | €6,367 | -€47,643 | -88.2% |
| Amounts receivable within one year | 40/41 | €5,035 | €834 | -€4,201 | -83.4% |
| Trade receivables | 40 | €1,899 | €450 | -€1,449 | -76.3% |
| Other amounts receivable | 41 | €3,136 | €384 | -€2,752 | -87.8% |
| Cash at bank and in hand | 54/58 | €48,618 | €5,534 | -€43,084 | -88.6% |
| Deferred charges and accrued income | 490/1 | €357 | - | -€357 | |
| Total equity and liabilities | 10/49 | €56,185 | €7,595 | -€48,589 | -86.5% |
| Equity | 10/15 | €33,085 | -€7,665 | -€40,751 | |
| Reserves | 13 | €100,260 | €100,260 | = | 0.0% |
| Distributable reserves | 133 | €100,260 | €100,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,175 | -€107,925 | -€40,751 | -60.7% |
| Amounts payable | 17/49 | €23,099 | €15,261 | -€7,839 | -33.9% |
| Amounts payable within one year | 42/48 | €23,099 | €15,261 | -€7,839 | -33.9% |
| Trade debts | 44 | €904 | €1,065 | +€161 | +17.9% |
| Suppliers | 440/4 | €904 | €1,065 | +€161 | +17.9% |
| Taxes, remuneration and social security | 45 | €7,243 | - | -€7,243 | |
| Taxes | 450/3 | €7,243 | - | -€7,243 | |
| Other amounts payable | 47/48 | €14,953 | €14,196 | -€757 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €947 | -€43 | -4.3% |
| Other operating charges | 640/8 | €649 | €585 | -€64 | -9.8% |
| Gross operating margin | 9900 | -€65,270 | -€38,793 | +€26,477 | +40.6% |
| Operating profit (loss) | 9901 | -€66,909 | -€40,325 | +€26,584 | +39.7% |
| Financial charges | 65/66B | €265 | €425 | +€160 | +60.4% |
| Recurring financial charges | 65 | €265 | €425 | +€160 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | -€67,175 | -€40,751 | +€26,424 | +39.3% |
| Profit (loss) for the period | 9904 | -€67,175 | -€40,751 | +€26,424 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,175 | -€40,751 | +€26,424 | +39.3% |
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 17 October 2026 via checked.be.