RESEAULUTION: 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.
RESEAULUTION
Largest movements
- Receivables within one year -€58,611
down €58,611 (-99.3%), from €59,044 to €433
of which Other amounts receivable: -€58,611
- Receivables after one year +€48,376
new in 2025: €48,376
- Debts after one year -€8,120
no longer reported in 2025 (was €8,120)
- Reserves -€2,000
down €2,000 (-4.5%), from €44,560 to €42,560
of which Distributable reserves: -€2,000
- Gross operating margin -€2,070
down €2,070, from €1,216 to -€854
- Taxes -€260
no longer reported in 2025 (was €260)
- Financial charges -€160
no longer reported in 2025 (was €160)
- Depreciation -€80
no longer reported in 2025 (was €80)
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,667 | €48,809 | -€10,858 | -18.2% |
| Fixed assets | 21/28 | €161 | - | -€161 | |
| Tangible fixed assets | 22/27 | €161 | - | -€161 | |
| Other tangible fixed assets | 26 | €161 | - | -€161 | |
| Current assets | 29/58 | €59,506 | €48,809 | -€10,697 | -18.0% |
| Amounts receivable after more than one year | 29 | - | €48,376 | +€48,376 | |
| Trade receivables | 290 | - | €48,376 | +€48,376 | |
| Amounts receivable within one year | 40/41 | €59,044 | €433 | -€58,611 | -99.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €59,044 | €433 | -€58,611 | -99.3% |
| Cash at bank and in hand | 54/58 | €463 | - | -€463 | |
| Total equity and liabilities | 10/49 | €59,667 | €48,809 | -€10,858 | -18.2% |
| Equity | 10/15 | €50,811 | €48,809 | -€2,002 | -3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,560 | €42,560 | -€2,000 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €42,700 | €40,700 | -€2,000 | -4.7% |
| Profit (loss) carried forward | 14 | €51 | €49 | -€2 | -2.9% |
| Amounts payable | 17/49 | €8,856 | - | -€8,856 | |
| Amounts payable after more than one year | 17 | €8,120 | - | -€8,120 | |
| Other amounts payable | 178/9 | €8,120 | - | -€8,120 | |
| Amounts payable within one year | 42/48 | €736 | - | -€736 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €476 | - | -€476 | |
| Suppliers | 440/4 | €476 | - | -€476 | |
| Taxes, remuneration and social security | 45 | €260 | - | -€260 | |
| Taxes | 450/3 | €260 | - | -€260 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | - | -€80 | |
| Gross operating margin | 9900 | €1,216 | -€854 | -€2,070 | |
| Operating profit (loss) | 9901 | €1,136 | -€854 | -€1,990 | |
| Financial charges | 65/66B | €160 | - | -€160 | |
| Recurring financial charges | 65 | €160 | - | -€160 | |
| Profit (loss) for the period before taxes | 9903 | €976 | -€854 | -€1,829 | |
| Income taxes | 67/77 | €260 | - | -€260 | |
| Profit (loss) for the period | 9904 | €715 | -€854 | -€1,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €715 | -€854 | -€1,569 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.