RESPONSUM: what changed
Two fiscal 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.
RESPONSUM
Largest movements
- Intangible fixed assets +€760,985
up €760,985 (+22.0%), from €3.5m to €4.2m
- Cash +€689,076
up €689,076 (+979.5%), from €70,353 to €759,429
mainly Debts after one year (+€2.3m) and Depreciation (+€512,226)
- Receivables within one year +€72,080
up €72,080 (+23.1%), from €312,326 to €384,406
of which Other amounts receivable: +€42,400
- Receivables after one year +€61,777
up €61,777 (+64.5%), from €95,812 to €157,589
- Debts after one year +€2.3m
up €2.3m (+121.9%), from €1.9m to €4.1m
- Profit (loss) carried forward -€880,600
down €880,600 (-167.9%), from -€524,528 to -€1.4m
- Trade debts +€208,304
up €208,304 (+143.8%), from €144,874 to €353,178
- Gross operating margin +€533,507
up €533,507, from -€236,020 to €297,487
- Financial charges +€160,514
up €160,514 (+177.5%), from €90,414 to €250,927
- Depreciation +€105,189
up €105,189 (+25.8%), from €407,037 to €512,226
- Staff costs -€103,738
down €103,738 (-17.4%), from €596,139 to €492,402
- Taxes -€24,904
down €24,904 (-67.5%), from -€36,873 to -€61,777
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.
Cash bridge derived
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 | €3,971,013 | €5,557,699 | +€1.6m | +40.0% |
| Fixed assets | 21/28 | €3,460,416 | €4,215,757 | +€755,341 | +21.8% |
| Intangible fixed assets | 21 | €3,451,480 | €4,212,465 | +€760,985 | +22.0% |
| Tangible fixed assets | 22/27 | €7,822 | €3,293 | -€4,530 | -57.9% |
| Plant, machinery and equipment | 23 | €768 | €493 | -€275 | -35.8% |
| Furniture and vehicles | 24 | €7,054 | €2,800 | -€4,255 | -60.3% |
| Financial fixed assets | 28 | €1,114 | €0 | -€1,114 | -100.0% |
| Current assets | 29/58 | €510,597 | €1,341,942 | +€831,345 | +162.8% |
| Amounts receivable after more than one year | 29 | €95,812 | €157,589 | +€61,777 | +64.5% |
| Other amounts receivable | 291 | €95,812 | €157,589 | +€61,777 | +64.5% |
| Amounts receivable within one year | 40/41 | €312,326 | €384,406 | +€72,080 | +23.1% |
| Trade receivables | 40 | €311,062 | €340,742 | +€29,680 | +9.5% |
| Other amounts receivable | 41 | €1,264 | €43,664 | +€42,400 | +3354.0% |
| Cash at bank and in hand | 54/58 | €70,353 | €759,429 | +€689,076 | +979.5% |
| Deferred charges and accrued income | 490/1 | €32,106 | €40,518 | +€8,412 | +26.2% |
| Total equity and liabilities | 10/49 | €3,971,013 | €5,557,699 | +€1.6m | +40.0% |
| Equity | 10/15 | €1,284,873 | €404,273 | -€880,600 | -68.5% |
| Contributions | 10/11 | €1,809,059 | €1,809,059 | = | 0.0% |
| Reserves | 13 | €342 | €342 | = | 0.0% |
| Distributable reserves | 133 | €342 | €342 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€524,528 | -€1,405,128 | -€880,600 | -167.9% |
| Amounts payable | 17/49 | €2,686,140 | €5,153,426 | +€2.5m | +91.9% |
| Amounts payable after more than one year | 17 | €1,857,730 | €4,123,095 | +€2.3m | +121.9% |
| Financial debts | 170/4 | €1,857,730 | €4,123,095 | +€2.3m | +121.9% |
| Amounts payable within one year | 42/48 | €370,033 | €550,578 | +€180,546 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €64,079 | €66,001 | +€1,922 | +3.0% |
| Financial debts | 43 | €54,285 | €0 | -€54,285 | -100.0% |
| Credit institutions | 430/8 | €54,285 | €0 | -€54,285 | -100.0% |
| Trade debts | 44 | €144,874 | €353,178 | +€208,304 | +143.8% |
| Suppliers | 440/4 | €144,874 | €353,178 | +€208,304 | +143.8% |
| Taxes, remuneration and social security | 45 | €50,481 | €45,353 | -€5,128 | -10.2% |
| Taxes | 450/3 | €750 | €170 | -€580 | -77.3% |
| Remuneration and social security | 454/9 | €49,730 | €45,183 | -€4,548 | -9.1% |
| Other amounts payable | 47/48 | €56,314 | €86,046 | +€29,732 | +52.8% |
| Accrued charges and deferred income | 492/3 | €458,377 | €479,753 | +€21,376 | +4.7% |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €596,139 | €492,402 | -€103,738 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407,037 | €512,226 | +€105,189 | +25.8% |
| Other operating charges | 640/8 | €9,802 | €2,112 | -€7,690 | -78.4% |
| Gross operating margin | 9900 | -€236,020 | €297,487 | +€533,507 | |
| Operating profit (loss) | 9901 | -€1,248,998 | -€709,252 | +€539,746 | +43.2% |
| Financial income | 75/76B | €5,987 | €17,803 | +€11,815 | +197.3% |
| Recurring financial income | 75 | €5,987 | €17,803 | +€11,815 | +197.3% |
| Financial charges | 65/66B | €90,414 | €250,927 | +€160,514 | +177.5% |
| Recurring financial charges | 65 | €90,414 | €250,927 | +€160,514 | +177.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,333,425 | -€942,377 | +€391,047 | +29.3% |
| Income taxes | 67/77 | -€36,873 | -€61,777 | -€24,904 | -67.5% |
| Profit (loss) for the period | 9904 | -€1,296,552 | -€880,600 | +€415,951 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,296,552 | -€880,600 | +€415,951 | +32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.