ROA: what changed
Two fiscal 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.
ROA
Largest movements
- Cash -€6,997
down €6,997 (-84.3%), from €8,301 to €1,305
mainly Net result for the year (-€7,361) and Trade debts (-€2,392)
- Receivables within one year -€4,409
down €4,409 (-94.1%), from €4,688 to €279
of which Other amounts receivable: -€4,349
- Tangible fixed assets -€279
down €279 (-21.0%), from €1,327 to €1,048
- Current investments -€250
no longer reported in 2025 (was €250)
- Profit (loss) carried forward -€7,361
down €7,361 (-14.1%), from -€52,064 to -€59,425
- Trade debts -€2,392
down €2,392 (-73.9%), from €3,238 to €846
- Tax, wage and social debts -€2,294
no longer reported in 2025 (was €2,294)
of which Remuneration and social security: -€2,250
- Gross operating margin -€2,360
down €2,360 (-65.1%), from -€3,626 to -€5,986
- Staff costs -€758
down €758 (-59.4%), from €1,276 to €518
- Other operating charges -€575
down €575 (-52.3%), from €1,100 to €525
- Depreciation +€211
up €211 (+309.0%), from €68 to €279
- Taxes -€88
down €88, from €44 to -€44
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 | €18,679 | €6,631 | -€12,048 | -64.5% |
| Fixed assets | 21/28 | €5,327 | €5,048 | -€279 | -5.2% |
| Tangible fixed assets | 22/27 | €1,327 | €1,048 | -€279 | -21.0% |
| Furniture and vehicles | 24 | €1,327 | €1,048 | -€279 | -21.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €13,352 | €1,583 | -€11,769 | -88.1% |
| Stocks and contracts in progress | 3 | €113 | - | -€113 | |
| Stocks | 30/36 | €113 | - | -€113 | |
| Amounts receivable within one year | 40/41 | €4,688 | €279 | -€4,409 | -94.1% |
| Trade receivables | 40 | €60 | - | -€60 | |
| Other amounts receivable | 41 | €4,628 | €279 | -€4,349 | -94.0% |
| Current investments | 50/53 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €8,301 | €1,305 | -€6,997 | -84.3% |
| Total equity and liabilities | 10/49 | €18,679 | €6,631 | -€12,048 | -64.5% |
| Equity | 10/15 | €13,146 | €5,785 | -€7,361 | -56.0% |
| Contributions | 10/11 | €17,350 | €17,350 | = | 0.0% |
| Reserves | 13 | €47,860 | €47,860 | = | 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 | €46,000 | €46,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,064 | -€59,425 | -€7,361 | -14.1% |
| Amounts payable | 17/49 | €5,533 | €846 | -€4,686 | -84.7% |
| Amounts payable within one year | 42/48 | €5,533 | €846 | -€4,686 | -84.7% |
| Trade debts | 44 | €3,238 | €846 | -€2,392 | -73.9% |
| Suppliers | 440/4 | €3,238 | €846 | -€2,392 | -73.9% |
| Taxes, remuneration and social security | 45 | €2,294 | - | -€2,294 | |
| Taxes | 450/3 | €44 | - | -€44 | |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Remuneration, social security and pensions | 62 | €1,276 | €518 | -€758 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €279 | +€211 | +309.0% |
| Other operating charges | 640/8 | €1,100 | €525 | -€575 | -52.3% |
| Gross operating margin | 9900 | -€3,626 | -€5,986 | -€2,360 | -65.1% |
| Operating profit (loss) | 9901 | -€6,070 | -€7,308 | -€1,238 | -20.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €56 | €97 | +€41 | +72.3% |
| Recurring financial charges | 65 | €56 | €97 | +€41 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,127 | -€7,405 | -€1,278 | -20.9% |
| Income taxes | 67/77 | €44 | -€44 | -€88 | |
| Profit (loss) for the period | 9904 | -€6,171 | -€7,361 | -€1,191 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,171 | -€7,361 | -€1,191 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.