RISKREFLEX: 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.
RISKREFLEX
Largest movements
- Receivables within one year -€72,222
down €72,222 (-30.0%), from €240,701 to €168,480
of which Other amounts receivable: -€59,008
- Cash -€8,398
down €8,398 (-99.9%), from €8,405 to €6
mainly Net result for the year (-€125,593) and Other debts (-€26,943)
- Tangible fixed assets -€4,763
down €4,763 (-44.4%), from €10,728 to €5,965
of which Furniture and vehicles: -€4,763
- Profit (loss) carried forward -€125,593
down €125,593 (-347.5%), from -€36,146 to -€161,739
- Tax, wage and social debts +€27,538
up €27,538 (+119.4%), from €23,069 to €50,607
- Other debts -€26,943
down €26,943 (-52.4%), from €51,410 to €24,467
- Trade debts +€23,618
up €23,618 (+142.1%), from €16,624 to €40,242
- Short-term financial debts +€15,492
up €15,492 (+82.6%), from €18,754 to €34,246
- Financial charges +€74,111
up €74,111 (+50.3%), from €147,228 to €221,339
of which Non-recurring financial charges: +€72,990
- Other operating charges +€13,934
up €13,934 (+548.8%), from €2,539 to €16,474
- Gross operating margin -€2,161
down €2,161 (-1.8%), from €119,743 to €117,582
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 | €261,034 | €175,147 | -€85,887 | -32.9% |
| Fixed assets | 21/28 | €11,928 | €6,565 | -€5,363 | -45.0% |
| Intangible fixed assets | 21 | €1,200 | €600 | -€600 | -50.0% |
| Tangible fixed assets | 22/27 | €10,728 | €5,965 | -€4,763 | -44.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,728 | €5,965 | -€4,763 | -44.4% |
| Current assets | 29/58 | €249,106 | €168,582 | -€80,525 | -32.3% |
| Amounts receivable within one year | 40/41 | €240,701 | €168,480 | -€72,222 | -30.0% |
| Trade receivables | 40 | €14,772 | €1,558 | -€13,214 | -89.4% |
| Other amounts receivable | 41 | €225,929 | €166,921 | -€59,008 | -26.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,405 | €6 | -€8,398 | -99.9% |
| Deferred charges and accrued income | 490/1 | €0 | €96 | +€96 | |
| Total equity and liabilities | 10/49 | €261,034 | €175,147 | -€85,887 | -32.9% |
| Equity | 10/15 | €151,178 | €25,585 | -€125,593 | -83.1% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €180,724 | €180,724 | = | 0.0% |
| Distributable reserves | 133 | €180,724 | €180,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,146 | -€161,739 | -€125,593 | -347.5% |
| Amounts payable | 17/49 | €109,856 | €149,562 | +€39,706 | +36.1% |
| Amounts payable within one year | 42/48 | €109,856 | €149,562 | +€39,706 | +36.1% |
| Financial debts | 43 | €18,754 | €34,246 | +€15,492 | +82.6% |
| Credit institutions | 430/8 | €18,754 | €34,246 | +€15,492 | +82.6% |
| Trade debts | 44 | €16,624 | €40,242 | +€23,618 | +142.1% |
| Suppliers | 440/4 | €16,624 | €40,242 | +€23,618 | +142.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,069 | €50,607 | +€27,538 | +119.4% |
| Taxes | 450/3 | €23,069 | €50,607 | +€27,538 | +119.4% |
| Other amounts payable | 47/48 | €51,410 | €24,467 | -€26,943 | -52.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €5,363 | -€759 | -12.4% |
| Other operating charges | 640/8 | €2,539 | €16,474 | +€13,934 | +548.8% |
| Gross operating margin | 9900 | €119,743 | €117,582 | -€2,161 | -1.8% |
| Operating profit (loss) | 9901 | €111,082 | €95,746 | -€15,337 | -13.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €147,228 | €221,339 | +€74,111 | +50.3% |
| Recurring financial charges | 65 | €528 | €1,649 | +€1,121 | +212.4% |
| Non-recurring financial charges | 66B | €146,700 | €219,690 | +€72,990 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,146 | -€125,593 | -€89,448 | -247.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€36,146 | -€125,593 | -€89,448 | -247.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,146 | -€125,593 | -€89,448 | -247.5% |
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.