Replay Box: 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.
Replay Box
Largest movements
- Receivables within one year -€29,970
down €29,970 (-99.0%), from €30,262 to €292
of which Other amounts receivable: -€27,163
- Cash -€12,339
down €12,339 (-73.6%), from €16,759 to €4,420
mainly Net result for the year (-€233,702) and Investment in fixed assets (net) (-€20)
- Profit (loss) carried forward -€233,702
down €233,702 (-18.3%), from -€1.3m to -€1.5m
- Provisions +€150,000
new in 2025: €150,000
- Debts after one year +€30,000
up €30,000 (+9.4%), from €320,000 to €350,000
- Trade debts +€11,197
up €11,197 (+78.7%), from €14,236 to €25,433
- Provisions +€150,000
new in 2025: €150,000
- Other operating charges +€33,124
up €33,124 (+9,001%), from €368 to €33,492
- Financial charges -€24,103
down €24,103 (-65.0%), from €37,095 to €12,992
- Gross operating margin +€2,580
up €2,580 (+23.5%), from -€10,981 to -€8,401
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 | €47,720 | €5,215 | -€42,505 | -89.1% |
| Fixed assets | 21/28 | €233 | €253 | +€20 | +8.6% |
| Financial fixed assets | 28 | €233 | €253 | +€20 | +8.6% |
| Current assets | 29/58 | €47,487 | €4,962 | -€42,525 | -89.6% |
| Amounts receivable within one year | 40/41 | €30,262 | €292 | -€29,970 | -99.0% |
| Trade receivables | 40 | €2,807 | - | -€2,807 | |
| Other amounts receivable | 41 | €27,455 | €292 | -€27,163 | -98.9% |
| Cash at bank and in hand | 54/58 | €16,759 | €4,420 | -€12,339 | -73.6% |
| Deferred charges and accrued income | 490/1 | €466 | €250 | -€216 | -46.4% |
| Total equity and liabilities | 10/49 | €47,720 | €5,215 | -€42,505 | -89.1% |
| Equity | 10/15 | -€286,516 | -€520,218 | -€233,702 | -81.6% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Legal reserve | 130 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,276,516 | -€1,510,218 | -€233,702 | -18.3% |
| Provisions and deferred taxes | 16 | - | €150,000 | +€150,000 | |
| Provisions for liabilities and charges | 160/5 | - | €150,000 | +€150,000 | |
| Other liabilities and charges | 164/5 | - | €150,000 | +€150,000 | |
| Amounts payable | 17/49 | €334,236 | €375,433 | +€41,197 | +12.3% |
| Amounts payable after more than one year | 17 | €320,000 | €350,000 | +€30,000 | +9.4% |
| Other amounts payable | 178/9 | €320,000 | €350,000 | +€30,000 | +9.4% |
| Amounts payable within one year | 42/48 | €14,236 | €25,433 | +€11,197 | +78.7% |
| Trade debts | 44 | €14,236 | €25,433 | +€11,197 | +78.7% |
| Suppliers | 440/4 | €14,236 | €25,433 | +€11,197 | +78.7% |
| Non-recurring operating income | 76A | €5,268 | €2,819 | -€2,449 | -46.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €150,000 | +€150,000 | |
| Other operating charges | 640/8 | €368 | €33,492 | +€33,124 | +9,001% |
| Non-recurring operating charges | 66A | €86,820 | €28,817 | -€58,003 | -66.8% |
| Gross operating margin | 9900 | -€10,981 | -€8,401 | +€2,580 | +23.5% |
| Operating profit (loss) | 9901 | -€98,169 | -€220,710 | -€122,541 | -125% |
| Financial charges | 65/66B | €37,095 | €12,992 | -€24,103 | -65.0% |
| Recurring financial charges | 65 | €37,095 | €12,992 | -€24,103 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | -€135,264 | -€233,702 | -€98,438 | -72.8% |
| Profit (loss) for the period | 9904 | -€135,264 | -€233,702 | -€98,438 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,264 | -€233,702 | -€98,438 | -72.8% |
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 13 October 2026 via checked.be.