RiskAdvisor: 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.
RiskAdvisor
Largest movements
- Intangible fixed assets +€742,421
new in 2025: €742,421
- Tangible fixed assets -€41,071
down €41,071 (-85.3%), from €48,122 to €7,051
of which Furniture and vehicles: -€40,876
- Deferred charges and accrued income +€7,757
up €7,757 (+886.5%), from €875 to €8,632
- Debts after one year +€641,903
up €641,903 (+2438.4%), from €26,325 to €668,228
- Current portion of long-term debt +€75,465
up €75,465 (+761.8%), from €9,906 to €85,371
- Depreciation +€15,368
up €15,368 (+114.5%), from €13,419 to €28,787
- Financial charges -€9,588
down €9,588 (-47.8%), from €20,071 to €10,483
- Other operating charges +€8,668
up €8,668 (+3246.4%), from €267 to €8,935
- Taxes -€2,363
down €2,363 (-99.7%), from €2,369 to €6
- Gross operating margin +€1,711
up €1,711 (+4.3%), from €39,469 to €41,180
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 | €57,947 | €766,222 | +€708,275 | +1222.3% |
| Fixed assets | 21/28 | €48,122 | €749,472 | +€701,350 | +1457.4% |
| Intangible fixed assets | 21 | - | €742,421 | +€742,421 | |
| Tangible fixed assets | 22/27 | €48,122 | €7,051 | -€41,071 | -85.3% |
| Plant, machinery and equipment | 23 | €5,676 | €5,481 | -€195 | -3.4% |
| Furniture and vehicles | 24 | €42,446 | €1,570 | -€40,876 | -96.3% |
| Current assets | 29/58 | €9,825 | €16,750 | +€6,925 | +70.5% |
| Amounts receivable within one year | 40/41 | €8,950 | €5,955 | -€2,995 | -33.5% |
| Trade receivables | 40 | €8,500 | €5,955 | -€2,545 | -29.9% |
| Other amounts receivable | 41 | €450 | - | -€450 | |
| Cash at bank and in hand | 54/58 | - | €2,163 | +€2,163 | |
| Deferred charges and accrued income | 490/1 | €875 | €8,632 | +€7,757 | +886.5% |
| Total equity and liabilities | 10/49 | €57,947 | €766,222 | +€708,275 | +1222.3% |
| Equity | 10/15 | €9,733 | €2,702 | -€7,031 | -72.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,900 | €6,900 | = | 0.0% |
| Distributable reserves | 133 | €6,900 | €6,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333 | -€6,698 | -€7,031 | |
| Amounts payable | 17/49 | €48,214 | €763,520 | +€715,306 | +1483.6% |
| Amounts payable after more than one year | 17 | €26,325 | €668,228 | +€641,903 | +2438.4% |
| Financial debts | 170/4 | €26,325 | €668,228 | +€641,903 | +2438.4% |
| Amounts payable within one year | 42/48 | €21,889 | €94,826 | +€72,937 | +333.2% |
| Current portion of amounts payable after more than one year | 42 | €9,906 | €85,371 | +€75,465 | +761.8% |
| Financial debts | 43 | €4,838 | €1,948 | -€2,890 | -59.7% |
| Credit institutions | 430/8 | - | €1,948 | +€1,948 | |
| Other loans | 439 | €4,838 | - | -€4,838 | |
| Trade debts | 44 | €32 | €325 | +€293 | +915.6% |
| Suppliers | 440/4 | €32 | €325 | +€293 | +915.6% |
| Taxes, remuneration and social security | 45 | €1,697 | €4,100 | +€2,403 | +141.6% |
| Taxes | 450/3 | €1,697 | €4,100 | +€2,403 | +141.6% |
| Other amounts payable | 47/48 | €5,416 | €3,082 | -€2,334 | -43.1% |
| Accrued charges and deferred income | 492/3 | - | €466 | +€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,419 | €28,787 | +€15,368 | +114.5% |
| Other operating charges | 640/8 | €267 | €8,935 | +€8,668 | +3246.4% |
| Gross operating margin | 9900 | €39,469 | €41,180 | +€1,711 | +4.3% |
| Operating profit (loss) | 9901 | €25,783 | €3,458 | -€22,325 | -86.6% |
| Financial charges | 65/66B | €20,071 | €10,483 | -€9,588 | -47.8% |
| Recurring financial charges | 65 | €20,071 | €10,483 | -€9,588 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €5,712 | -€7,025 | -€12,737 | |
| Income taxes | 67/77 | €2,369 | €6 | -€2,363 | -99.7% |
| Profit (loss) for the period | 9904 | €3,343 | -€7,031 | -€10,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,343 | -€7,031 | -€10,374 |
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 12 October 2026 via checked.be.