ROADBOOK: 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.
ROADBOOK
Largest movements
- Cash -€28,272
down €28,272 (-75.7%), from €37,361 to €9,089
mainly Net result for the year (-€71,479) and Investment in fixed assets (net) (-€2,421)
- Receivables within one year -€17,903
down €17,903 (-45.9%), from €38,980 to €21,077
of which Trade receivables: -€9,818
- Tangible fixed assets -€6,501
down €6,501 (-29.1%), from €22,374 to €15,873
of which Land and buildings: -€8,754
- Profit (loss) carried forward -€71,479
down €71,479 (-243.6%), from -€29,342 to -€100,821
- Trade debts +€19,179
up €19,179 (+261.3%), from €7,341 to €26,520
of which Suppliers: +€19,479
- Turnover -€1.9m
no longer reported in 2025 (was €1.9m)
- Purchases and services -€1.8m
no longer reported in 2025 (was €1.8m)
- Gross operating margin -€154,863
down €154,863, from €112,123 to -€42,740
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 | €101,669 | €49,359 | -€52,310 | -51.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,374 | €15,873 | -€6,501 | -29.1% |
| Tangible fixed assets | 22/27 | €22,374 | €15,873 | -€6,501 | -29.1% |
| Land and buildings | 22 | €22,374 | €13,621 | -€8,754 | -39.1% |
| Furniture and vehicles | 24 | €0 | €2,253 | +€2,253 | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €79,295 | €33,486 | -€45,809 | -57.8% |
| Amounts receivable within one year | 40/41 | €38,980 | €21,077 | -€17,903 | -45.9% |
| Trade receivables | 40 | €12,843 | €3,025 | -€9,818 | -76.4% |
| Other amounts receivable | 41 | €26,137 | €18,052 | -€8,086 | -30.9% |
| Cash at bank and in hand | 54/58 | €37,361 | €9,089 | -€28,272 | -75.7% |
| Deferred charges and accrued income | 490/1 | €2,954 | €3,320 | +€366 | +12.4% |
| Total equity and liabilities | 10/49 | €101,669 | €49,359 | -€52,310 | -51.5% |
| Equity | 10/15 | -€15,702 | -€87,181 | -€71,479 | -455.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,342 | -€100,821 | -€71,479 | -243.6% |
| Amounts payable | 17/49 | €117,372 | €136,540 | +€19,169 | +16.3% |
| Amounts payable within one year | 42/48 | €117,372 | €136,540 | +€19,169 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,341 | €26,520 | +€19,179 | +261.3% |
| Suppliers | 440/4 | €7,041 | €26,520 | +€19,479 | +276.6% |
| Bills of exchange payable | 441 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €11 | - | -€11 | |
| Taxes | 450/3 | €11 | - | -€11 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €110,020 | €110,020 | = | 0.0% |
| Turnover | 70 | €1,887,020 | - | -€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,789,175 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €9 | €128 | +€119 | +1320.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,997 | €8,922 | -€2,075 | -18.9% |
| Other operating charges | 640/8 | €13,860 | €15,841 | +€1,981 | +14.3% |
| Gross operating margin | 9900 | €112,123 | -€42,740 | -€154,863 | |
| Operating profit (loss) | 9901 | €87,257 | -€67,630 | -€154,888 | |
| Financial income | 75/76B | €151 | €68 | -€84 | -55.3% |
| Recurring financial income | 75 | €151 | €68 | -€84 | -55.3% |
| Financial charges | 65/66B | €2,492 | €3,068 | +€576 | +23.1% |
| Recurring financial charges | 65 | €2,492 | €3,068 | +€576 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €84,917 | -€70,630 | -€155,547 | |
| Income taxes | 67/77 | €912 | €848 | -€64 | -7.0% |
| Profit (loss) for the period | 9904 | €84,004 | -€71,479 | -€155,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,004 | -€71,479 | -€155,483 |
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 5 October 2026 via checked.be.