#RTFW: 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.
#RTFW
Largest movements
- Tangible fixed assets -€1,094
down €1,094 (-33.1%), from €3,303 to €2,209
- Deferred charges and accrued income -€453
down €453 (-24.1%), from €1,878 to €1,425
- Receivables within one year -€138
down €138 (-18.2%), from €759 to €621
of which Other amounts receivable: -€138
- Profit (loss) carried forward -€8,386
down €8,386 (-12.1%), from -€69,297 to -€77,683
- Other debts +€6,288
up €6,288 (+8.9%), from €70,542 to €76,830
- Tax, wage and social debts +€422
up €422 (+53.3%), from €793 to €1,215
- Gross operating margin +€825
up €825 (+12.8%), from -€6,439 to -€5,614
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 | €8,942 | €7,343 | -€1,600 | -17.9% |
| Fixed assets | 21/28 | €3,303 | €2,209 | -€1,094 | -33.1% |
| Tangible fixed assets | 22/27 | €3,303 | €2,209 | -€1,094 | -33.1% |
| Furniture and vehicles | 24 | €3,303 | €2,209 | -€1,094 | -33.1% |
| Current assets | 29/58 | €5,639 | €5,134 | -€506 | -9.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €759 | €621 | -€138 | -18.2% |
| Trade receivables | 40 | €157 | €157 | = | 0.0% |
| Other amounts receivable | 41 | €603 | €464 | -€138 | -23.0% |
| Cash at bank and in hand | 54/58 | €2 | €88 | +€86 | +4521.1% |
| Deferred charges and accrued income | 490/1 | €1,878 | €1,425 | -€453 | -24.1% |
| Total equity and liabilities | 10/49 | €8,942 | €7,343 | -€1,600 | -17.9% |
| Equity | 10/15 | -€63,097 | -€71,483 | -€8,386 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,297 | -€77,683 | -€8,386 | -12.1% |
| Amounts payable | 17/49 | €72,039 | €78,825 | +€6,787 | +9.4% |
| Amounts payable within one year | 42/48 | €72,039 | €78,825 | +€6,787 | +9.4% |
| Trade debts | 44 | €704 | €780 | +€76 | +10.9% |
| Suppliers | 440/4 | €704 | €780 | +€76 | +10.9% |
| Taxes, remuneration and social security | 45 | €793 | €1,215 | +€422 | +53.3% |
| Taxes | 450/3 | €793 | €1,215 | +€422 | +53.3% |
| Other amounts payable | 47/48 | €70,542 | €76,830 | +€6,288 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,073 | €1,094 | +€21 | +2.0% |
| Other operating charges | 640/8 | €1,112 | €1,074 | -€39 | -3.5% |
| Gross operating margin | 9900 | -€6,439 | -€5,614 | +€825 | +12.8% |
| Operating profit (loss) | 9901 | -€8,625 | -€7,782 | +€843 | +9.8% |
| Financial income | 75/76B | €1 | €10 | +€9 | +846.5% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +846.5% |
| Financial charges | 65/66B | €182 | €191 | +€9 | +5.1% |
| Recurring financial charges | 65 | €182 | €191 | +€9 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,806 | -€7,964 | +€842 | +9.6% |
| Income taxes | 67/77 | €416 | €422 | +€6 | +1.6% |
| Profit (loss) for the period | 9904 | -€9,222 | -€8,386 | +€836 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,222 | -€8,386 | +€836 | +9.1% |
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 7 October 2026 via checked.be.