SAFE & FAST ROPE APPROACH: 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.
SAFE & FAST ROPE APPROACH
Largest movements
- Receivables after one year -€5,331
down €5,331 (-13.5%), from €39,628 to €34,297
- Receivables within one year +€3,613
up €3,613 (+29.6%), from €12,194 to €15,807
of which Other amounts receivable: +€3,113
- Tangible fixed assets -€3,535
down €3,535 (-91.6%), from €3,859 to €324
of which Furniture and vehicles: -€3,372
- Cash -€846
down €846 (-65.6%), from €1,289 to €443
mainly Receivables within one year (-€3,613) and Net result for the year (-€2,760)
- Reserves -€2,760
down €2,760 (-6.0%), from €45,647 to €42,887
of which Distributable reserves: -€2,760
- Trade debts -€1,796
down €1,796 (-56.0%), from €3,207 to €1,411
- Other debts -€1,666
no longer reported in 2025 (was €1,666)
- Gross operating margin +€1,351
up €1,351 (+1,175%), from €115 to €1,466
- Depreciation -€837
down €837 (-19.9%), from €4,210 to €3,373
- Taxes -€594
down €594 (-78.8%), from €754 to €160
- Financial income -€102
down €102 (-10.8%), from €944 to €842
- Financial charges -€90
down €90 (-34.6%), from €260 to €170
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 | €57,188 | €50,979 | -€6,209 | -10.9% |
| Fixed assets | 21/28 | €3,859 | €324 | -€3,535 | -91.6% |
| Tangible fixed assets | 22/27 | €3,859 | €324 | -€3,535 | -91.6% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €3,696 | €324 | -€3,372 | -91.2% |
| Current assets | 29/58 | €53,329 | €50,655 | -€2,674 | -5.0% |
| Amounts receivable after more than one year | 29 | €39,628 | €34,297 | -€5,331 | -13.5% |
| Other amounts receivable | 291 | €39,628 | €34,297 | -€5,331 | -13.5% |
| Amounts receivable within one year | 40/41 | €12,194 | €15,807 | +€3,613 | +29.6% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €12,194 | €15,307 | +€3,113 | +25.5% |
| Cash at bank and in hand | 54/58 | €1,289 | €443 | -€846 | -65.6% |
| Deferred charges and accrued income | 490/1 | €218 | €108 | -€110 | -50.5% |
| Total equity and liabilities | 10/49 | €57,188 | €50,979 | -€6,209 | -10.9% |
| Equity | 10/15 | €51,847 | €49,087 | -€2,760 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,647 | €42,887 | -€2,760 | -6.0% |
| 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 | €43,787 | €41,027 | -€2,760 | -6.3% |
| Amounts payable | 17/49 | €5,341 | €1,892 | -€3,449 | -64.6% |
| Amounts payable within one year | 42/48 | €5,341 | €1,892 | -€3,449 | -64.6% |
| Trade debts | 44 | €3,207 | €1,411 | -€1,796 | -56.0% |
| Suppliers | 440/4 | €3,207 | €1,411 | -€1,796 | -56.0% |
| Taxes, remuneration and social security | 45 | €468 | €481 | +€13 | +2.8% |
| Taxes | 450/3 | €468 | €481 | +€13 | +2.8% |
| Other amounts payable | 47/48 | €1,666 | - | -€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,210 | €3,373 | -€837 | -19.9% |
| Other operating charges | 640/8 | €1,328 | €1,365 | +€37 | +2.8% |
| Gross operating margin | 9900 | €115 | €1,466 | +€1,351 | +1,175% |
| Operating profit (loss) | 9901 | -€5,423 | -€3,272 | +€2,151 | +39.7% |
| Financial income | 75/76B | €944 | €842 | -€102 | -10.8% |
| Recurring financial income | 75 | €944 | €842 | -€102 | -10.8% |
| Financial charges | 65/66B | €260 | €170 | -€90 | -34.6% |
| Recurring financial charges | 65 | €260 | €170 | -€90 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,739 | -€2,600 | +€2,139 | +45.1% |
| Income taxes | 67/77 | €754 | €160 | -€594 | -78.8% |
| Profit (loss) for the period | 9904 | -€5,493 | -€2,760 | +€2,733 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,493 | -€2,760 | +€2,733 | +49.8% |
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 30 October 2026 via checked.be.