Risk Minimizer: 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 Minimizer
Largest movements
- Intangible fixed assets -€21,823
down €21,823 (-21.8%), from €99,936 to €78,114
- Cash -€2,933
down €2,933 (-74.0%), from €3,963 to €1,030
mainly Investment in fixed assets (net) (-€43,200) and Net result for the year (-€38,280)
- Deferred charges and accrued income +€2,736
new in 2025: €2,736
- Profit (loss) carried forward -€38,280
down €38,280 (-11.4%), from -€336,466 to -€374,745
- Other debts +€23,563
up €23,563 (+6.7%), from €350,412 to €373,975
- Short-term financial debts -€15,739
down €15,739 (-18.5%), from €85,000 to €69,261
- Trade debts +€10,076
up €10,076 (+351%), from €2,872 to €12,948
- Tax, wage and social debts -€2,075
down €2,075 (-100%), from €2,075 to €0
- Depreciation -€9,777
down €9,777 (-13.0%), from €75,412 to €65,636
- Financial charges -€3,448
down €3,448 (-49.6%), from €6,954 to €3,506
- Gross operating margin -€1,397
down €1,397 (-4.3%), from €32,778 to €31,382
- Other operating charges +€338
up €338 (+186%), from €182 to €520
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 | €113,894 | €91,439 | -€22,455 | -19.7% |
| Fixed assets | 21/28 | €102,478 | €80,043 | -€22,435 | -21.9% |
| Intangible fixed assets | 21 | €99,936 | €78,114 | -€21,823 | -21.8% |
| Tangible fixed assets | 22/27 | €2,541 | €1,929 | -€613 | -24.1% |
| Furniture and vehicles | 24 | €2,541 | €1,929 | -€613 | -24.1% |
| Current assets | 29/58 | €11,416 | €11,396 | -€20 | -0.2% |
| Amounts receivable within one year | 40/41 | €7,453 | €7,630 | +€176 | +2.4% |
| Trade receivables | 40 | €7,453 | €6,868 | -€585 | -7.9% |
| Other amounts receivable | 41 | - | €762 | +€762 | |
| Cash at bank and in hand | 54/58 | €3,963 | €1,030 | -€2,933 | -74.0% |
| Deferred charges and accrued income | 490/1 | - | €2,736 | +€2,736 | |
| Total equity and liabilities | 10/49 | €113,894 | €91,439 | -€22,455 | -19.7% |
| Equity | 10/15 | -€326,466 | -€364,745 | -€38,280 | -11.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,466 | -€374,745 | -€38,280 | -11.4% |
| Amounts payable | 17/49 | €440,359 | €456,184 | +€15,825 | +3.6% |
| Amounts payable within one year | 42/48 | €440,359 | €456,184 | +€15,825 | +3.6% |
| Financial debts | 43 | €85,000 | €69,261 | -€15,739 | -18.5% |
| Credit institutions | 430/8 | €85,000 | €69,261 | -€15,739 | -18.5% |
| Trade debts | 44 | €2,872 | €12,948 | +€10,076 | +351% |
| Suppliers | 440/4 | €2,872 | €12,948 | +€10,076 | +351% |
| Taxes, remuneration and social security | 45 | €2,075 | €0 | -€2,075 | -100% |
| Taxes | 450/3 | €2,075 | €0 | -€2,075 | -100% |
| Other amounts payable | 47/48 | €350,412 | €373,975 | +€23,563 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,412 | €65,636 | -€9,777 | -13.0% |
| Other operating charges | 640/8 | €182 | €520 | +€338 | +186% |
| Gross operating margin | 9900 | €32,778 | €31,382 | -€1,397 | -4.3% |
| Operating profit (loss) | 9901 | -€42,816 | -€34,774 | +€8,042 | +18.8% |
| Financial charges | 65/66B | €6,954 | €3,506 | -€3,448 | -49.6% |
| Recurring financial charges | 65 | €6,954 | €3,506 | -€3,448 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,769 | -€38,280 | +€11,490 | +23.1% |
| Profit (loss) for the period | 9904 | -€49,769 | -€38,280 | +€11,490 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,769 | -€38,280 | +€11,490 | +23.1% |
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 19 October 2026 via checked.be.