Res Pecuniae: 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.
Res Pecuniae
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash -€38,300
down €38,300 (-68.7%), from €55,731 to €17,431
mainly Current investments (-€100,000) and Tax, wage and social debts (-€14,787)
- Reserves +€66,451
up €66,451 (+30.8%), from €215,649 to €282,100
- Tax, wage and social debts -€14,787
down €14,787 (-56.4%), from €26,234 to €11,447
of which Remuneration and social security: -€7,872
- Other debts +€7,139
up €7,139 (+116%), from €6,130 to €13,269
- Gross operating margin -€252,581
down €252,581 (-85.7%), from €294,700 to €42,119
- Financial income +€103,303
up €103,303 (+15,151%), from €682 to €103,984
of which Non-recurring financial income: +€100,000
- Taxes -€42,031
down €42,031 (-52.8%), from €79,673 to €37,642
- Staff costs -€18,033
down €18,033 (-38.5%), from €46,829 to €28,796
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 | €262,331 | €319,703 | +€57,372 | +21.9% |
| Fixed assets | 21/28 | €844 | €504 | -€340 | -40.3% |
| Tangible fixed assets | 22/27 | €844 | €504 | -€340 | -40.3% |
| Furniture and vehicles | 24 | €844 | €504 | -€340 | -40.3% |
| Current assets | 29/58 | €261,487 | €319,199 | +€57,712 | +22.1% |
| Amounts receivable within one year | 40/41 | €3,304 | €181 | -€3,123 | -94.5% |
| Trade receivables | 40 | €3,304 | - | -€3,304 | |
| Other amounts receivable | 41 | - | €181 | +€181 | |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €55,731 | €17,431 | -€38,300 | -68.7% |
| Deferred charges and accrued income | 490/1 | €2,453 | €1,588 | -€865 | -35.3% |
| Total equity and liabilities | 10/49 | €262,331 | €319,703 | +€57,372 | +21.9% |
| Equity | 10/15 | €228,971 | €294,111 | +€65,140 | +28.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €215,649 | €282,100 | +€66,451 | +30.8% |
| Distributable reserves | 133 | €215,649 | €282,100 | +€66,451 | +30.8% |
| Profit (loss) carried forward | 14 | €7,123 | €5,811 | -€1,312 | -18.4% |
| Amounts payable | 17/49 | €33,360 | €25,593 | -€7,768 | -23.3% |
| Amounts payable within one year | 42/48 | €33,283 | €25,362 | -€7,921 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €860 | - | -€860 | |
| Trade debts | 44 | €59 | €646 | +€588 | +1,004% |
| Suppliers | 440/4 | €59 | €646 | +€588 | +1,004% |
| Taxes, remuneration and social security | 45 | €26,234 | €11,447 | -€14,787 | -56.4% |
| Taxes | 450/3 | €18,362 | €11,447 | -€6,915 | -37.7% |
| Remuneration and social security | 454/9 | €7,872 | - | -€7,872 | |
| Other amounts payable | 47/48 | €6,130 | €13,269 | +€7,139 | +116% |
| Accrued charges and deferred income | 492/3 | €78 | €231 | +€154 | +198% |
| Non-recurring operating income | 76A | €138,929 | - | -€138,929 | |
| Remuneration, social security and pensions | 62 | €46,829 | €28,796 | -€18,033 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €340 | -€5 | -1.4% |
| Other operating charges | 640/8 | €813 | €862 | +€48 | +5.9% |
| Gross operating margin | 9900 | €294,700 | €42,119 | -€252,581 | -85.7% |
| Operating profit (loss) | 9901 | €246,713 | €12,121 | -€234,592 | -95.1% |
| Financial income | 75/76B | €682 | €103,984 | +€103,303 | +15,151% |
| Recurring financial income | 75 | €682 | €3,984 | +€3,303 | +484% |
| Non-recurring financial income | 76B | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €389 | €55 | -€334 | -85.8% |
| Recurring financial charges | 65 | €389 | €55 | -€334 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €247,005 | €116,050 | -€130,955 | -53.0% |
| Income taxes | 67/77 | €79,673 | €37,642 | -€42,031 | -52.8% |
| Profit (loss) for the period | 9904 | €167,332 | €78,408 | -€88,924 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €167,332 | €78,408 | -€88,924 | -53.1% |
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 18 October 2026 via checked.be.