REPUTATION MATTERS: 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.
REPUTATION MATTERS
Largest movements
- Receivables within one year -€35,576
down €35,576 (-100%), from €35,576 to €0
- Financial fixed assets -€33,660
down €33,660 (-100%), from €33,660 to €0
- Cash +€26,309
up €26,309 (+2,268,038%), from €1 to €26,310
mainly Receivables within one year (+€35,576) and Investment in fixed assets (net) (+€33,660)
- Profit (loss) carried forward -€26,805
down €26,805 (-88.0%), from €30,468 to €3,663
- Tax, wage and social debts -€16,909
down €16,909 (-100%), from €16,909 to €0
- Other debts +€3,000
up €3,000 (+73.8%), from €4,065 to €7,065
- Trade debts -€2,382
down €2,382 (-24.0%), from €9,907 to €7,524
- Financial charges +€33,677
up €33,677 (+13,405%), from €251 to €33,928
of which Non-recurring financial charges: +€33,660
- Taxes -€14,000
down €14,000, from €0 to -€14,000
- Write-downs +€8,576
new in 2025: €8,576
- Gross operating margin +€2,614
up €2,614, from -€351 to €2,263
- Depreciation -€58
down €58 (-24.7%), from €235 to €177
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 | €69,414 | €26,310 | -€43,104 | -62.1% |
| Fixed assets | 21/28 | €33,837 | €0 | -€33,837 | -100% |
| Tangible fixed assets | 22/27 | €177 | €0 | -€177 | -100% |
| Furniture and vehicles | 24 | €177 | €0 | -€177 | -100% |
| Financial fixed assets | 28 | €33,660 | €0 | -€33,660 | -100% |
| Current assets | 29/58 | €35,577 | €26,310 | -€9,267 | -26.0% |
| Amounts receivable within one year | 40/41 | €35,576 | €0 | -€35,576 | -100% |
| Trade receivables | 40 | €35,576 | €0 | -€35,576 | -100% |
| Cash at bank and in hand | 54/58 | €1 | €26,310 | +€26,309 | +2,268,038% |
| Total equity and liabilities | 10/49 | €69,414 | €26,310 | -€43,104 | -62.1% |
| Equity | 10/15 | €38,527 | €11,722 | -€26,805 | -69.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,468 | €3,663 | -€26,805 | -88.0% |
| Amounts payable | 17/49 | €30,887 | €14,589 | -€16,298 | -52.8% |
| Amounts payable within one year | 42/48 | €30,887 | €14,589 | -€16,298 | -52.8% |
| Financial debts | 43 | €7 | €0 | -€7 | -100% |
| Credit institutions | 430/8 | €7 | €0 | -€7 | -100% |
| Trade debts | 44 | €9,907 | €7,524 | -€2,382 | -24.0% |
| Suppliers | 440/4 | €9,907 | €7,524 | -€2,382 | -24.0% |
| Taxes, remuneration and social security | 45 | €16,909 | €0 | -€16,909 | -100% |
| Taxes | 450/3 | €16,909 | €0 | -€16,909 | -100% |
| Other amounts payable | 47/48 | €4,065 | €7,065 | +€3,000 | +73.8% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €177 | -€58 | -24.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,576 | +€8,576 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€351 | €2,263 | +€2,614 | |
| Operating profit (loss) | 9901 | -€971 | -€6,877 | -€5,906 | -608% |
| Financial charges | 65/66B | €251 | €33,928 | +€33,677 | +13,405% |
| Recurring financial charges | 65 | €251 | €268 | +€17 | +6.7% |
| Non-recurring financial charges | 66B | - | €33,660 | +€33,660 | |
| Profit (loss) for the period before taxes | 9903 | -€1,222 | -€40,805 | -€39,583 | -3,238% |
| Income taxes | 67/77 | €0 | -€14,000 | -€14,000 | |
| Profit (loss) for the period | 9904 | -€1,222 | -€26,805 | -€25,583 | -2,093% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,222 | -€26,805 | -€25,583 | -2,093% |
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 19 October 2026 via checked.be.