RISK DYNAMICS: 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.
RISK DYNAMICS
Largest movements
- Receivables within one year +€675,567
up €675,567 (+15.1%), from €4.5m to €5.2m
of which Other amounts receivable: +€650,891
- Other debts +€462,721
up €462,721 (+132.8%), from €348,429 to €811,150
- Profit (loss) carried forward +€270,706
up €270,706 (+3.8%), from -€7.1m to -€6.8m
- Accrued charges and deferred income +€87,990
new in 2025: €87,990
- Trade debts -€80,136
down €80,136 (-60.0%), from €133,647 to €53,511
- Gross operating margin +€130,787
up €130,787 (+5.3%), from €2.5m to €2.6m
- Financial income -€92,946
down €92,946 (-99.3%), from €93,624 to €677
- Staff costs +€74,634
up €74,634 (+3.4%), from €2.2m to €2.3m
- Financial charges +€50,010
up €50,010 (+1365.6%), from €3,662 to €53,672
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,482,789 | €5,186,672 | +€703,883 | +15.7% |
| Fixed assets | 21/28 | €2,184 | - | -€2,184 | |
| Financial fixed assets | 28 | €2,184 | - | -€2,184 | |
| Current assets | 29/58 | €4,480,605 | €5,186,672 | +€706,067 | +15.8% |
| Amounts receivable within one year | 40/41 | €4,480,605 | €5,156,172 | +€675,567 | +15.1% |
| Trade receivables | 40 | - | €24,676 | +€24,676 | |
| Other amounts receivable | 41 | €4,480,605 | €5,131,496 | +€650,891 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €30,500 | +€30,500 | |
| Total equity and liabilities | 10/49 | €4,482,789 | €5,186,672 | +€703,883 | +15.7% |
| Equity | 10/15 | €3,588,956 | €3,859,662 | +€270,706 | +7.5% |
| Contributions | 10/11 | €10,666,217 | €10,666,217 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,079,121 | -€6,808,415 | +€270,706 | +3.8% |
| Amounts payable | 17/49 | €893,833 | €1,327,010 | +€433,177 | +48.5% |
| Amounts payable within one year | 42/48 | €893,833 | €1,239,020 | +€345,187 | +38.6% |
| Financial debts | 43 | €73 | - | -€73 | |
| Credit institutions | 430/8 | €73 | - | -€73 | |
| Trade debts | 44 | €133,647 | €53,511 | -€80,136 | -60.0% |
| Suppliers | 440/4 | €133,647 | €53,511 | -€80,136 | -60.0% |
| Taxes, remuneration and social security | 45 | €411,685 | €374,359 | -€37,326 | -9.1% |
| Remuneration and social security | 454/9 | €411,685 | €374,359 | -€37,326 | -9.1% |
| Other amounts payable | 47/48 | €348,429 | €811,150 | +€462,721 | +132.8% |
| Accrued charges and deferred income | 492/3 | - | €87,990 | +€87,990 | |
| Non-recurring operating income | 76A | - | €6,420 | +€6,420 | |
| Remuneration, social security and pensions | 62 | €2,226,957 | €2,301,591 | +€74,634 | +3.4% |
| Other operating charges | 640/8 | €18,716 | - | -€18,716 | |
| Gross operating margin | 9900 | €2,484,561 | €2,615,348 | +€130,787 | +5.3% |
| Operating profit (loss) | 9901 | €238,888 | €313,757 | +€74,869 | +31.3% |
| Financial income | 75/76B | €93,624 | €677 | -€92,946 | -99.3% |
| Recurring financial income | 75 | €93,624 | €677 | -€92,946 | -99.3% |
| Financial charges | 65/66B | €3,662 | €53,672 | +€50,010 | +1365.6% |
| Recurring financial charges | 65 | €3,662 | €53,672 | +€50,010 | +1365.6% |
| Profit (loss) for the period before taxes | 9903 | €328,849 | €260,762 | -€68,087 | -20.7% |
| Income taxes | 67/77 | €13,157 | -€9,944 | -€23,101 | |
| Profit (loss) for the period | 9904 | €315,692 | €270,706 | -€44,986 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €315,692 | €270,706 | -€44,986 | -14.3% |
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.