RIDING THE WIND: 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.
RIDING THE WIND
Largest movements
- Tangible fixed assets -€14,442
down €14,442 (-15.5%), from €93,070 to €78,628
of which Furniture and vehicles: -€14,172
- Receivables within one year -€4,848
down €4,848 (-79.0%), from €6,135 to €1,287
of which Trade receivables: -€5,200
- Profit (loss) carried forward -€16,801
down €16,801 (-53.7%), from -€31,298 to -€48,098
- Other debts -€2,827
down €2,827 (-2.6%), from €108,354 to €105,526
- Gross operating margin -€4,381
down €4,381, from €2,219 to -€2,162
- Depreciation -€652
down €652 (-4.3%), from €15,094 to €14,442
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 | €99,899 | €80,536 | -€19,363 | -19.4% |
| Fixed assets | 21/28 | €93,070 | €78,628 | -€14,442 | -15.5% |
| Tangible fixed assets | 22/27 | €93,070 | €78,628 | -€14,442 | -15.5% |
| Furniture and vehicles | 24 | €92,801 | €78,628 | -€14,172 | -15.3% |
| Other tangible fixed assets | 26 | €269 | €0 | -€269 | -100% |
| Current assets | 29/58 | €6,828 | €1,908 | -€4,921 | -72.1% |
| Amounts receivable within one year | 40/41 | €6,135 | €1,287 | -€4,848 | -79.0% |
| Trade receivables | 40 | €5,200 | - | -€5,200 | |
| Other amounts receivable | 41 | €935 | €1,287 | +€352 | +37.6% |
| Cash at bank and in hand | 54/58 | €693 | €620 | -€73 | -10.5% |
| Total equity and liabilities | 10/49 | €99,899 | €80,536 | -€19,363 | -19.4% |
| Equity | 10/15 | -€9,298 | -€26,098 | -€16,801 | -181% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,298 | -€48,098 | -€16,801 | -53.7% |
| Amounts payable | 17/49 | €109,196 | €106,634 | -€2,562 | -2.3% |
| Amounts payable within one year | 42/48 | €109,196 | €106,634 | -€2,562 | -2.3% |
| Trade debts | 44 | €835 | €1,000 | +€165 | +19.7% |
| Suppliers | 440/4 | €835 | €1,000 | +€165 | +19.7% |
| Taxes, remuneration and social security | 45 | €8 | €108 | +€100 | +1,336% |
| Taxes | 450/3 | €8 | €108 | +€100 | +1,336% |
| Other amounts payable | 47/48 | €108,354 | €105,526 | -€2,827 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,094 | €14,442 | -€652 | -4.3% |
| Gross operating margin | 9900 | €2,219 | -€2,162 | -€4,381 | |
| Operating profit (loss) | 9901 | -€12,875 | -€16,603 | -€3,729 | -29.0% |
| Financial charges | 65/66B | €180 | €197 | +€17 | +9.4% |
| Recurring financial charges | 65 | €180 | €197 | +€17 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,055 | -€16,801 | -€3,746 | -28.7% |
| Profit (loss) for the period | 9904 | -€13,055 | -€16,801 | -€3,746 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,055 | -€16,801 | -€3,746 | -28.7% |
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 27 October 2026 via checked.be.