Right Bracket: 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.
Right Bracket
Largest movements
- Cash -€58,679
down €58,679 (-83.8%), from €70,061 to €11,382
mainly Contributions, distributions and other (-€94,174) and Current investments (-€31,300)
- Current investments +€31,300
up €31,300 (+51.6%), from €60,700 to €92,000
- Tangible fixed assets -€14,939
down €14,939 (-28.6%), from €52,277 to €37,338
of which Leasing and similar rights: -€16,907
- Receivables within one year -€3,152
down €3,152 (-17.5%), from €17,977 to €14,826
of which Other amounts receivable: -€5,926
- Profit (loss) carried forward -€18,830
down €18,830 (-100.0%), from €18,830 to €0
- Debts after one year -€15,107
down €15,107 (-44.7%), from €33,782 to €18,675
- Tax, wage and social debts -€11,801
down €11,801 (-38.8%), from €30,429 to €18,628
- Gross operating margin +€5,386
up €5,386 (+5.1%), from €106,530 to €111,915
- Financial income -€1,638
down €1,638 (-49.0%), from €3,346 to €1,708
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 | €204,280 | €159,416 | -€44,864 | -22.0% |
| Fixed assets | 21/28 | €52,277 | €37,338 | -€14,939 | -28.6% |
| Tangible fixed assets | 22/27 | €52,277 | €37,338 | -€14,939 | -28.6% |
| Leasing and similar rights | 25 | €50,861 | €33,954 | -€16,907 | -33.2% |
| Other tangible fixed assets | 26 | €1,416 | €3,384 | +€1,968 | +139.0% |
| Current assets | 29/58 | €152,003 | €122,078 | -€29,925 | -19.7% |
| Amounts receivable within one year | 40/41 | €17,977 | €14,826 | -€3,152 | -17.5% |
| Trade receivables | 40 | €12,052 | €14,826 | +€2,774 | +23.0% |
| Other amounts receivable | 41 | €5,926 | €0 | -€5,926 | -100.0% |
| Current investments | 50/53 | €60,700 | €92,000 | +€31,300 | +51.6% |
| Cash at bank and in hand | 54/58 | €70,061 | €11,382 | -€58,679 | -83.8% |
| Deferred charges and accrued income | 490/1 | €3,264 | €3,870 | +€606 | +18.6% |
| Total equity and liabilities | 10/49 | €204,280 | €159,416 | -€44,864 | -22.0% |
| Equity | 10/15 | €19,830 | €1,000 | -€18,830 | -95.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,830 | €0 | -€18,830 | -100.0% |
| Amounts payable | 17/49 | €184,450 | €158,416 | -€26,034 | -14.1% |
| Amounts payable after more than one year | 17 | €33,782 | €18,675 | -€15,107 | -44.7% |
| Financial debts | 170/4 | €33,782 | €18,675 | -€15,107 | -44.7% |
| Amounts payable within one year | 42/48 | €150,668 | €139,741 | -€10,927 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €14,923 | €15,107 | +€184 | +1.2% |
| Trade debts | 44 | €2,815 | €2,527 | -€289 | -10.3% |
| Suppliers | 440/4 | €2,815 | €2,527 | -€289 | -10.3% |
| Taxes, remuneration and social security | 45 | €30,429 | €18,628 | -€11,801 | -38.8% |
| Taxes | 450/3 | €30,429 | €18,628 | -€11,801 | -38.8% |
| Other amounts payable | 47/48 | €102,500 | €103,479 | +€979 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,372 | €17,477 | +€105 | +0.6% |
| Other operating charges | 640/8 | €549 | €400 | -€150 | -27.2% |
| Gross operating margin | 9900 | €106,530 | €111,915 | +€5,386 | +5.1% |
| Operating profit (loss) | 9901 | €88,608 | €94,039 | +€5,431 | +6.1% |
| Financial income | 75/76B | €3,346 | €1,708 | -€1,638 | -49.0% |
| Recurring financial income | 75 | €3,346 | €1,708 | -€1,638 | -49.0% |
| Financial charges | 65/66B | €675 | €632 | -€43 | -6.4% |
| Recurring financial charges | 65 | €675 | €632 | -€43 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €91,279 | €95,114 | +€3,836 | +4.2% |
| Income taxes | 67/77 | €19,088 | €19,770 | +€682 | +3.6% |
| Profit (loss) for the period | 9904 | €72,191 | €75,345 | +€3,154 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,191 | €75,345 | +€3,154 | +4.4% |
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 11 October 2026 via checked.be.