RUNLEVEL: 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.
RUNLEVEL
Largest movements
- Cash -€52,574
down €52,574 (-32.0%), from €164,524 to €111,950
mainly Contributions, distributions and other (-€81,428) and Net result for the year (-€35,196)
- Receivables within one year -€30,533
down €30,533 (-94.3%), from €32,372 to €1,839
of which Trade receivables: -€30,735
- Reserves -€81,428
down €81,428 (-49.5%), from €164,661 to €83,232
- Other debts +€46,672
new in 2025: €46,672
- Profit (loss) carried forward -€35,196
down €35,196, from €0 to -€35,196
- Tax, wage and social debts -€14,737
down €14,737 (-82.6%), from €17,841 to €3,104
of which Taxes: -€16,931
- Gross operating margin -€91,939
down €91,939, from €59,719 to -€32,220
- Taxes -€13,638
down €13,638 (-99.0%), from €13,779 to €141
- Depreciation -€7,192
down €7,192 (-75.1%), from €9,571 to €2,379
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 | €203,170 | €117,074 | -€86,095 | -42.4% |
| Fixed assets | 21/28 | €4,865 | €3,224 | -€1,641 | -33.7% |
| Tangible fixed assets | 22/27 | €4,865 | €3,224 | -€1,641 | -33.7% |
| Furniture and vehicles | 24 | €4,865 | €3,224 | -€1,641 | -33.7% |
| Current assets | 29/58 | €198,305 | €113,851 | -€84,454 | -42.6% |
| Amounts receivable within one year | 40/41 | €32,372 | €1,839 | -€30,533 | -94.3% |
| Trade receivables | 40 | €30,735 | €0 | -€30,735 | -100% |
| Other amounts receivable | 41 | €1,638 | €1,839 | +€202 | +12.3% |
| Cash at bank and in hand | 54/58 | €164,524 | €111,950 | -€52,574 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,409 | €62 | -€1,347 | -95.6% |
| Total equity and liabilities | 10/49 | €203,170 | €117,074 | -€86,095 | -42.4% |
| Equity | 10/15 | €183,261 | €66,637 | -€116,624 | -63.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,661 | €83,232 | -€81,428 | -49.5% |
| Distributable reserves | 133 | €164,661 | €83,232 | -€81,428 | -49.5% |
| Profit (loss) carried forward | 14 | €0 | -€35,196 | -€35,196 | |
| Amounts payable | 17/49 | €19,909 | €50,438 | +€30,529 | +153% |
| Amounts payable within one year | 42/48 | €19,909 | €50,438 | +€30,529 | +153% |
| Trade debts | 44 | €2,068 | €662 | -€1,406 | -68.0% |
| Suppliers | 440/4 | €2,068 | €662 | -€1,406 | -68.0% |
| Taxes, remuneration and social security | 45 | €17,841 | €3,104 | -€14,737 | -82.6% |
| Taxes | 450/3 | €17,841 | €910 | -€16,931 | -94.9% |
| Remuneration and social security | 454/9 | - | €2,194 | +€2,194 | |
| Other amounts payable | 47/48 | - | €46,672 | +€46,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,571 | €2,379 | -€7,192 | -75.1% |
| Other operating charges | 640/8 | €857 | €622 | -€235 | -27.4% |
| Gross operating margin | 9900 | €59,719 | -€32,220 | -€91,939 | |
| Operating profit (loss) | 9901 | €49,291 | -€35,222 | -€84,512 | |
| Financial income | 75/76B | €44 | €294 | +€250 | +566% |
| Recurring financial income | 75 | €44 | €294 | +€250 | +566% |
| Financial charges | 65/66B | €70 | €127 | +€58 | +82.5% |
| Recurring financial charges | 65 | €70 | €127 | +€58 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €49,265 | -€35,055 | -€84,320 | |
| Income taxes | 67/77 | €13,779 | €141 | -€13,638 | -99.0% |
| Profit (loss) for the period | 9904 | €35,486 | -€35,196 | -€70,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,486 | -€35,196 | -€70,682 |
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 13 October 2026 via checked.be.