RISK PERCEPTION MANAGEMENT: 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 PERCEPTION MANAGEMENT
Largest movements
- Receivables within one year -€14,225
down €14,225 (-78.4%), from €18,150 to €3,925
of which Trade receivables: -€14,290
- Cash -€4,059
down €4,059 (-35.1%), from €11,555 to €7,496
- Tangible fixed assets +€799
up €799 (+327%), from €244 to €1,044
of which Furniture and vehicles: +€800
- Deferred charges and accrued income +€500
up €500 (+5,147%), from €10 to €510
- Profit (loss) carried forward -€10,699
down €10,699 (-89.9%), from €11,896 to €1,197
- Tax, wage and social debts -€8,051
no longer reported in 2025 (was €8,051)
- Other debts +€2,197
up €2,197 (+273%), from €804 to €3,001
- Trade debts -€432
down €432 (-47.3%), from €912 to €480
- Gross operating margin -€31,023
down €31,023, from €19,304 to -€11,720
- Taxes -€4,574
no longer reported in 2025 (was €4,574)
- Depreciation -€1,138
down €1,138 (-85.1%), from €1,338 to €200
- Financial income +€1,128
up €1,128 (+3,759,700%), from €0 to €1,128
- Financial charges +€656
up €656 (+1,018%), from €64 to €721
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,959 | €12,974 | -€16,985 | -56.7% |
| Fixed assets | 21/28 | €244 | €1,044 | +€799 | +327% |
| Tangible fixed assets | 22/27 | €244 | €1,044 | +€799 | +327% |
| Plant, machinery and equipment | 23 | €244 | €244 | -€0 | -0.1% |
| Furniture and vehicles | 24 | - | €800 | +€800 | |
| Current assets | 29/58 | €29,715 | €11,931 | -€17,784 | -59.8% |
| Amounts receivable within one year | 40/41 | €18,150 | €3,925 | -€14,225 | -78.4% |
| Trade receivables | 40 | €18,150 | €3,860 | -€14,290 | -78.7% |
| Other amounts receivable | 41 | - | €64 | +€64 | |
| Cash at bank and in hand | 54/58 | €11,555 | €7,496 | -€4,059 | -35.1% |
| Deferred charges and accrued income | 490/1 | €10 | €510 | +€500 | +5,147% |
| Total equity and liabilities | 10/49 | €29,959 | €12,974 | -€16,985 | -56.7% |
| Equity | 10/15 | €20,192 | €9,493 | -€10,699 | -53.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,096 | €2,096 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €236 | €236 | -€0 | -0.1% |
| Profit (loss) carried forward | 14 | €11,896 | €1,197 | -€10,699 | -89.9% |
| Amounts payable | 17/49 | €9,767 | €3,481 | -€6,286 | -64.4% |
| Amounts payable within one year | 42/48 | €9,767 | €3,481 | -€6,286 | -64.4% |
| Trade debts | 44 | €912 | €480 | -€432 | -47.3% |
| Suppliers | 440/4 | €912 | €480 | -€432 | -47.3% |
| Taxes, remuneration and social security | 45 | €8,051 | - | -€8,051 | |
| Taxes | 450/3 | €8,051 | - | -€8,051 | |
| Other amounts payable | 47/48 | €804 | €3,001 | +€2,197 | +273% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €200 | -€1,138 | -85.1% |
| Other operating charges | 640/8 | - | €202 | +€202 | |
| Gross operating margin | 9900 | €19,304 | -€11,720 | -€31,023 | |
| Operating profit (loss) | 9901 | €17,965 | -€12,121 | -€30,087 | |
| Financial income | 75/76B | €0 | €1,128 | +€1,128 | +3,759,700% |
| Recurring financial income | 75 | €0 | €1,128 | +€1,128 | +3,759,700% |
| Financial charges | 65/66B | €64 | €721 | +€656 | +1,018% |
| Recurring financial charges | 65 | €64 | €721 | +€656 | +1,018% |
| Profit (loss) for the period before taxes | 9903 | €17,901 | -€11,714 | -€29,615 | |
| Income taxes | 67/77 | €4,574 | - | -€4,574 | |
| Profit (loss) for the period | 9904 | €13,327 | -€11,714 | -€25,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,327 | -€11,714 | -€25,041 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.