REZULT: 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.
REZULT
Largest movements
- Cash +€6,511
up €6,511 (+465.9%), from €1,398 to €7,909
mainly Receivables within one year (+€6,273) and Investment in fixed assets (net) (+€4,210)
- Receivables within one year -€6,273
down €6,273 (-58.8%), from €10,661 to €4,389
of which Trade receivables: -€6,273
- Tangible fixed assets -€5,070
down €5,070 (-47.0%), from €10,794 to €5,725
of which Furniture and vehicles: -€4,629
- Deferred charges and accrued income -€3,192
down €3,192 (-91.3%), from €3,496 to €304
- Other debts -€14,597
down €14,597 (-97.9%), from €14,917 to €320
- Profit (loss) carried forward +€3,131
up €3,131 (+1.4%), from -€230,405 to -€227,274
- Tax, wage and social debts +€2,667
up €2,667 (+280.2%), from €952 to €3,619
- Trade debts +€776
up €776 (+90.3%), from €860 to €1,636
- Gross operating margin -€16,510
down €16,510 (-69.4%), from €23,777 to €7,268
- Depreciation -€5,552
down €5,552 (-86.6%), from €6,411 to €859
- Taxes -€3,107
down €3,107 (-62.7%), from €4,954 to €1,848
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 | €26,349 | €18,326 | -€8,023 | -30.4% |
| Fixed assets | 21/28 | €10,794 | €5,725 | -€5,070 | -47.0% |
| Tangible fixed assets | 22/27 | €10,794 | €5,725 | -€5,070 | -47.0% |
| Plant, machinery and equipment | 23 | €1,265 | €825 | -€441 | -34.8% |
| Furniture and vehicles | 24 | €9,529 | €4,900 | -€4,629 | -48.6% |
| Current assets | 29/58 | €15,554 | €12,601 | -€2,953 | -19.0% |
| Amounts receivable within one year | 40/41 | €10,661 | €4,389 | -€6,273 | -58.8% |
| Trade receivables | 40 | €9,603 | €3,330 | -€6,273 | -65.3% |
| Other amounts receivable | 41 | €1,059 | €1,059 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,398 | €7,909 | +€6,511 | +465.9% |
| Deferred charges and accrued income | 490/1 | €3,496 | €304 | -€3,192 | -91.3% |
| Total equity and liabilities | 10/49 | €26,349 | €18,326 | -€8,023 | -30.4% |
| Equity | 10/15 | €9,620 | €12,751 | +€3,131 | +32.5% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €134,671 | €134,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €124,136 | €124,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,405 | -€227,274 | +€3,131 | +1.4% |
| Amounts payable | 17/49 | €16,729 | €5,575 | -€11,154 | -66.7% |
| Amounts payable within one year | 42/48 | €16,729 | €5,575 | -€11,154 | -66.7% |
| Trade debts | 44 | €860 | €1,636 | +€776 | +90.3% |
| Suppliers | 440/4 | €860 | €1,636 | +€776 | +90.3% |
| Taxes, remuneration and social security | 45 | €952 | €3,619 | +€2,667 | +280.2% |
| Taxes | 450/3 | €952 | €3,619 | +€2,667 | +280.2% |
| Other amounts payable | 47/48 | €14,917 | €320 | -€14,597 | -97.9% |
| Non-recurring operating income | 76A | - | €9,413 | +€9,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,411 | €859 | -€5,552 | -86.6% |
| Other operating charges | 640/8 | €1,210 | €1,377 | +€166 | +13.7% |
| Gross operating margin | 9900 | €23,777 | €7,268 | -€16,510 | -69.4% |
| Operating profit (loss) | 9901 | €16,155 | €5,031 | -€11,124 | -68.9% |
| Financial income | 75/76B | €44 | €8 | -€36 | -81.9% |
| Recurring financial income | 75 | €44 | €8 | -€36 | -81.9% |
| Financial charges | 65/66B | €105 | €60 | -€45 | -42.5% |
| Recurring financial charges | 65 | €105 | €60 | -€45 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €16,094 | €4,979 | -€11,115 | -69.1% |
| Income taxes | 67/77 | €4,954 | €1,848 | -€3,107 | -62.7% |
| Profit (loss) for the period | 9904 | €11,140 | €3,131 | -€8,009 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,140 | €3,131 | -€8,009 | -71.9% |
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 9 October 2026 via checked.be.