Rudy Collier: 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.
Rudy Collier
Largest movements
- Receivables after one year -€6,000
down €6,000 (-35.3%), from €16,985 to €10,985
- Deferred charges and accrued income +€420
up €420 (+68.2%), from €615 to €1,035
- Receivables within one year +€378
up €378 (+74.8%), from €505 to €883
- Profit (loss) carried forward -€7,928
down €7,928 (-11.2%), from -€70,773 to -€78,701
- Trade debts +€2,371
up €2,371 (+72.7%), from €3,260 to €5,631
- Short-term financial debts +€355
up €355 (+11.8%), from €3,000 to €3,355
- Gross operating margin +€1,059
up €1,059 (+12.1%), from -€8,754 to -€7,695
- Financial charges +€217
up €217 (+50.0%), from €435 to €653
- Financial income -€195
down €195 (-31.8%), from €615 to €420
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.
Derived cash bridge
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 | €18,153 | €12,950 | -€5,202 | -28.7% |
| Current assets | 29/58 | €18,153 | €12,950 | -€5,202 | -28.7% |
| Amounts receivable after more than one year | 29 | €16,985 | €10,985 | -€6,000 | -35.3% |
| Trade receivables | 290 | €16,985 | €10,985 | -€6,000 | -35.3% |
| Amounts receivable within one year | 40/41 | €505 | €883 | +€378 | +74.8% |
| Other amounts receivable | 41 | €505 | €883 | +€378 | +74.8% |
| Cash at bank and in hand | 54/58 | €47 | €47 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €615 | €1,035 | +€420 | +68.2% |
| Total equity and liabilities | 10/49 | €18,153 | €12,950 | -€5,202 | -28.7% |
| Equity | 10/15 | €11,893 | €3,964 | -€7,928 | -66.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,266 | €70,266 | = | 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 | €68,406 | €68,406 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,773 | -€78,701 | -€7,928 | -11.2% |
| Amounts payable | 17/49 | €6,260 | €8,986 | +€2,726 | +43.5% |
| Amounts payable within one year | 42/48 | €6,260 | €8,986 | +€2,726 | +43.5% |
| Financial debts | 43 | €3,000 | €3,355 | +€355 | +11.8% |
| Credit institutions | 430/8 | €3,000 | €3,355 | +€355 | +11.8% |
| Trade debts | 44 | €3,260 | €5,631 | +€2,371 | +72.7% |
| Suppliers | 440/4 | €3,260 | €5,631 | +€2,371 | +72.7% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€8,754 | -€7,695 | +€1,059 | +12.1% |
| Operating profit (loss) | 9901 | -€8,754 | -€7,695 | +€1,059 | +12.1% |
| Financial income | 75/76B | €615 | €420 | -€195 | -31.8% |
| Recurring financial income | 75 | €615 | €420 | -€195 | -31.8% |
| Financial charges | 65/66B | €435 | €653 | +€217 | +50.0% |
| Recurring financial charges | 65 | €435 | €653 | +€217 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,574 | -€7,928 | +€646 | +7.5% |
| Profit (loss) for the period | 9904 | -€8,574 | -€7,928 | +€646 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,574 | -€7,928 | +€646 | +7.5% |
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 26 October 2026 via checked.be.