RESULTX: 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.
RESULTX
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Intangible fixed assets +€167,636
new in 2025: €167,636
- Cash -€78,823
down €78,823 (-33.6%), from €234,904 to €156,081
mainly Net result for the year (-€323,511) and Investment in fixed assets (net) (-€173,237)
- Deferred charges and accrued income +€7,200
up €7,200 (+728%), from €989 to €8,189
- Profit (loss) carried forward -€323,511
down €323,511 (-325%), from -€99,508 to -€423,020
- Debts after one year +€100,000
new in 2025: €100,000
- Trade debts +€45,933
new in 2025: €45,933
- Tax, wage and social debts +€24,744
up €24,744 (+9,241%), from €268 to €25,012
of which Remuneration and social security: +€25,012
- Short-term financial debts +€8,367
up €8,367 (+326%), from €2,567 to €10,934
- Staff costs +€204,635
new in 2025: €204,635
- Gross operating margin -€11,042
down €11,042 (-11.3%), from -€97,761 to -€108,804
- Financial charges +€5,394
up €5,394 (+498%), from €1,084 to €6,478
- Depreciation +€2,489
up €2,489 (+571%), from €436 to €2,925
- Financial income +€1,409
up €1,409 (+311%), from €453 to €1,863
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 | €518,706 | €371,805 | -€146,901 | -28.3% |
| Fixed assets | 21/28 | €3,776 | €174,088 | +€170,312 | +4,510% |
| Intangible fixed assets | 21 | - | €167,636 | +€167,636 | |
| Tangible fixed assets | 22/27 | €3,776 | €6,452 | +€2,676 | +70.9% |
| Furniture and vehicles | 24 | €3,776 | €6,452 | +€2,676 | +70.9% |
| Current assets | 29/58 | €514,930 | €197,717 | -€317,213 | -61.6% |
| Amounts receivable within one year | 40/41 | €29,037 | €33,447 | +€4,410 | +15.2% |
| Trade receivables | 40 | €5,068 | €3,305 | -€1,762 | -34.8% |
| Other amounts receivable | 41 | €23,969 | €30,142 | +€6,173 | +25.8% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €234,904 | €156,081 | -€78,823 | -33.6% |
| Deferred charges and accrued income | 490/1 | €989 | €8,189 | +€7,200 | +728% |
| Total equity and liabilities | 10/49 | €518,706 | €371,805 | -€146,901 | -28.3% |
| Equity | 10/15 | €515,292 | €189,580 | -€325,711 | -63.2% |
| Contributions | 10/11 | €612,600 | €612,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,508 | -€423,020 | -€323,511 | -325% |
| Investment grants | 15 | €2,200 | €0 | -€2,200 | -100% |
| Amounts payable | 17/49 | €3,414 | €182,225 | +€178,810 | +5,237% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €3,414 | €82,141 | +€78,727 | +2,306% |
| Financial debts | 43 | €2,567 | €10,934 | +€8,367 | +326% |
| Credit institutions | 430/8 | €2,567 | €10,934 | +€8,367 | +326% |
| Trade debts | 44 | - | €45,933 | +€45,933 | |
| Suppliers | 440/4 | - | €45,933 | +€45,933 | |
| Taxes, remuneration and social security | 45 | €268 | €25,012 | +€24,744 | +9,241% |
| Taxes | 450/3 | €268 | €0 | -€268 | -100% |
| Remuneration and social security | 454/9 | - | €25,012 | +€25,012 | |
| Other amounts payable | 47/48 | €580 | €263 | -€317 | -54.7% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | - | €204,635 | +€204,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €2,925 | +€2,489 | +571% |
| Other operating charges | 640/8 | €545 | €1,073 | +€529 | +97.1% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | -€97,761 | -€108,804 | -€11,042 | -11.3% |
| Operating profit (loss) | 9901 | -€98,742 | -€318,436 | -€219,695 | -222% |
| Financial income | 75/76B | €453 | €1,863 | +€1,409 | +311% |
| Recurring financial income | 75 | €453 | €1,863 | +€1,409 | +311% |
| Financial charges | 65/66B | €1,084 | €6,478 | +€5,394 | +498% |
| Recurring financial charges | 65 | €1,084 | €6,478 | +€5,394 | +498% |
| Profit (loss) for the period before taxes | 9903 | -€99,372 | -€323,052 | -€223,679 | -225% |
| Income taxes | 67/77 | €136 | €460 | +€324 | +238% |
| Profit (loss) for the period | 9904 | -€99,508 | -€323,511 | -€224,003 | -225% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,508 | -€323,511 | -€224,003 | -225% |
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 15 October 2026 via checked.be.