RT-script: 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.
RT-script
Largest movements
- Cash -€37,007
down €37,007 (-56.2%), from €65,826 to €28,820
mainly Net result for the year (-€21,786) and Tax, wage and social debts (-€11,450)
- Intangible fixed assets +€2,024
up €2,024 (+41.9%), from €4,828 to €6,852
- Receivables within one year +€1,175
new in 2025: €1,175
of which Trade receivables: +€895
- Profit (loss) carried forward -€21,786
down €21,786 (-48.3%), from €45,126 to €23,340
- Tax, wage and social debts -€11,450
down €11,450 (-49.6%), from €23,067 to €11,617
- Gross operating margin -€78,398
down €78,398, from €58,997 to -€19,401
- Taxes -€11,617
down €11,617 (-100.0%), from €11,617 to €0
- Depreciation +€958
up €958 (+183.3%), from €523 to €1,480
- Other operating charges +€825
new in 2025: €825
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 | €70,654 | €36,921 | -€33,733 | -47.7% |
| Fixed assets | 21/28 | €4,828 | €6,852 | +€2,024 | +41.9% |
| Intangible fixed assets | 21 | €4,828 | €6,852 | +€2,024 | +41.9% |
| Current assets | 29/58 | €65,826 | €30,069 | -€35,758 | -54.3% |
| Amounts receivable within one year | 40/41 | - | €1,175 | +€1,175 | |
| Trade receivables | 40 | - | €895 | +€895 | |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | €65,826 | €28,820 | -€37,007 | -56.2% |
| Deferred charges and accrued income | 490/1 | - | €74 | +€74 | |
| Total equity and liabilities | 10/49 | €70,654 | €36,921 | -€33,733 | -47.7% |
| Equity | 10/15 | €46,126 | €24,340 | -€21,786 | -47.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,126 | €23,340 | -€21,786 | -48.3% |
| Amounts payable | 17/49 | €24,528 | €12,581 | -€11,948 | -48.7% |
| Amounts payable within one year | 42/48 | €24,528 | €12,581 | -€11,948 | -48.7% |
| Trade debts | 44 | €726 | €786 | +€60 | +8.3% |
| Suppliers | 440/4 | €726 | €786 | +€60 | +8.3% |
| Taxes, remuneration and social security | 45 | €23,067 | €11,617 | -€11,450 | -49.6% |
| Taxes | 450/3 | €23,067 | €11,617 | -€11,450 | -49.6% |
| Other amounts payable | 47/48 | €735 | €177 | -€558 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €1,480 | +€958 | +183.3% |
| Other operating charges | 640/8 | - | €825 | +€825 | |
| Gross operating margin | 9900 | €58,997 | -€19,401 | -€78,398 | |
| Operating profit (loss) | 9901 | €58,475 | -€21,706 | -€80,181 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €31 | €80 | +€49 | +154.6% |
| Recurring financial charges | 65 | €31 | €80 | +€49 | +154.6% |
| Profit (loss) for the period before taxes | 9903 | €58,443 | -€21,786 | -€80,229 | |
| Income taxes | 67/77 | €11,617 | €0 | -€11,617 | -100.0% |
| Profit (loss) for the period | 9904 | €46,826 | -€21,786 | -€68,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,826 | -€21,786 | -€68,611 |
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.