REVISED: 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.
REVISED
Largest movements
- Cash -€105,051
down €105,051 (-45.7%), from €229,984 to €124,933
mainly Other debts (-€47,000) and Net result for the year (-€39,298)
- Receivables within one year -€3,491
down €3,491 (-14.5%), from €24,086 to €20,594
of which Other amounts receivable: -€3,491
- Other debts -€47,000
down €47,000 (-100.0%), from €47,000 to €0
- Profit (loss) carried forward -€39,298
down €39,298, from €0 to -€39,298
- Tax, wage and social debts -€24,946
down €24,946 (-99.8%), from €24,985 to €39
- Gross operating margin -€51,060
down €51,060, from €15,513 to -€35,547
- Depreciation -€4,479
down €4,479 (-62.8%), from €7,133 to €2,654
- Taxes -€1,420
down €1,420 (-84.0%), from €1,690 to €271
- Financial income -€704
down €704 (-90.5%), from €778 to €74
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 | €257,967 | €147,443 | -€110,525 | -42.8% |
| Fixed assets | 21/28 | €2,708 | €946 | -€1,763 | -65.1% |
| Tangible fixed assets | 22/27 | €2,708 | €946 | -€1,763 | -65.1% |
| Furniture and vehicles | 24 | €2,708 | €946 | -€1,763 | -65.1% |
| Current assets | 29/58 | €255,259 | €146,497 | -€108,762 | -42.6% |
| Amounts receivable within one year | 40/41 | €24,086 | €20,594 | -€3,491 | -14.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €24,086 | €20,594 | -€3,491 | -14.5% |
| Cash at bank and in hand | 54/58 | €229,984 | €124,933 | -€105,051 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,189 | €970 | -€219 | -18.5% |
| Total equity and liabilities | 10/49 | €257,967 | €147,443 | -€110,525 | -42.8% |
| Equity | 10/15 | €185,964 | €146,666 | -€39,298 | -21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,764 | €179,764 | = | 0.0% |
| Distributable reserves | 133 | €179,764 | €179,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€39,298 | -€39,298 | |
| Amounts payable | 17/49 | €72,003 | €777 | -€71,226 | -98.9% |
| Amounts payable within one year | 42/48 | €72,003 | €777 | -€71,226 | -98.9% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €18 | €737 | +€718 | +3906.9% |
| Suppliers | 440/4 | €18 | €737 | +€718 | +3906.9% |
| Taxes, remuneration and social security | 45 | €24,985 | €39 | -€24,946 | -99.8% |
| Taxes | 450/3 | €24,985 | €39 | -€24,946 | -99.8% |
| Other amounts payable | 47/48 | €47,000 | €0 | -€47,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,133 | €2,654 | -€4,479 | -62.8% |
| Other operating charges | 640/8 | €881 | €839 | -€42 | -4.8% |
| Gross operating margin | 9900 | €15,513 | -€35,547 | -€51,060 | |
| Operating profit (loss) | 9901 | €7,499 | -€39,040 | -€46,539 | |
| Financial income | 75/76B | €778 | €74 | -€704 | -90.5% |
| Recurring financial income | 75 | €778 | €74 | -€704 | -90.5% |
| Financial charges | 65/66B | €94 | €62 | -€32 | -34.4% |
| Recurring financial charges | 65 | €94 | €62 | -€32 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €8,183 | -€39,028 | -€47,211 | |
| Income taxes | 67/77 | €1,690 | €271 | -€1,420 | -84.0% |
| Profit (loss) for the period | 9904 | €6,493 | -€39,298 | -€45,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,493 | -€39,298 | -€45,791 |
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 5 October 2026 via checked.be.