SCALE I: 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.
SCALE I
Largest movements
- Cash +€285,940
up €285,940 (+5665.0%), from €5,048 to €290,987
mainly Net result for the year (+€651,221) and Other debts (+€280,410)
- Financial fixed assets -€149,173
down €149,173 (-18.6%), from €801,481 to €652,308
- Contributions -€1.5m
down €1.5m (-86.7%), from €1.7m to €230,000
- Profit (loss) carried forward +€1.3m
up €1.3m, from -€929,653 to €419,466
- Other debts +€280,410
up €280,410 (+40203.8%), from €697 to €281,107
- Financial income +€564,854
up €564,854 (+429.3%), from €131,572 to €696,426
of which Non-recurring financial income: +€695,926
- Write-downs -€329,775
no longer reported in 2025 (was €329,775)
- Financial charges -€59,155
down €59,155 (-99.4%), from €59,534 to €379
of which Non-recurring financial charges: -€59,253
- Gross operating margin -€9,116
down €9,116 (-26.3%), from -€34,712 to -€43,828
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 | €811,622 | €943,976 | +€132,354 | +16.3% |
| Fixed assets | 21/28 | €801,481 | €652,308 | -€149,173 | -18.6% |
| Financial fixed assets | 28 | €801,481 | €652,308 | -€149,173 | -18.6% |
| Current assets | 29/58 | €10,141 | €291,668 | +€281,527 | +2776.2% |
| Amounts receivable within one year | 40/41 | - | €88 | +€88 | |
| Trade receivables | 40 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €5,048 | €290,987 | +€285,940 | +5665.0% |
| Deferred charges and accrued income | 490/1 | €5,093 | €593 | -€4,500 | -88.4% |
| Total equity and liabilities | 10/49 | €811,622 | €943,976 | +€132,354 | +16.3% |
| Equity | 10/15 | €810,899 | €662,782 | -€148,118 | -18.3% |
| Contributions | 10/11 | €1,727,237 | €230,000 | -€1.5m | -86.7% |
| Capital | 10 | €1,727,237 | €230,000 | -€1.5m | -86.7% |
| Issued capital | 100 | €1,847,237 | €325,000 | -€1.5m | -82.4% |
| Uncalled capital | 101 | €120,000 | €95,000 | -€25,000 | -20.8% |
| Reserves | 13 | €13,316 | €13,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,316 | €13,316 | = | 0.0% |
| Legal reserve | 130 | €13,316 | €13,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€929,653 | €419,466 | +€1.3m | |
| Amounts payable | 17/49 | €723 | €281,195 | +€280,472 | +38814.8% |
| Amounts payable within one year | 42/48 | €723 | €281,195 | +€280,472 | +38814.8% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | - | €88 | +€88 | |
| Suppliers | 440/4 | - | €88 | +€88 | |
| Other amounts payable | 47/48 | €697 | €281,107 | +€280,410 | +40203.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €329,775 | - | -€329,775 | |
| Other operating charges | 640/8 | €1,105 | €998 | -€107 | -9.6% |
| Gross operating margin | 9900 | -€34,712 | -€43,828 | -€9,116 | -26.3% |
| Operating profit (loss) | 9901 | -€365,592 | -€44,826 | +€320,766 | +87.7% |
| Financial income | 75/76B | €131,572 | €696,426 | +€564,854 | +429.3% |
| Recurring financial income | 75 | €131,572 | €500 | -€131,072 | -99.6% |
| Non-recurring financial income | 76B | - | €695,926 | +€695,926 | |
| Financial charges | 65/66B | €59,534 | €379 | -€59,155 | -99.4% |
| Recurring financial charges | 65 | €281 | €379 | +€98 | +34.8% |
| Non-recurring financial charges | 66B | €59,253 | - | -€59,253 | |
| Profit (loss) for the period before taxes | 9903 | -€293,555 | €651,221 | +€944,775 | |
| Profit (loss) for the period | 9904 | -€293,555 | €651,221 | +€944,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€293,555 | €651,221 | +€944,775 |
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.