SIDE UP: 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.
SIDE UP
Largest movements
- Cash -€131,498
down €131,498 (-54.8%), from €239,912 to €108,414
mainly Other debts (-€142,052) and Trade debts (-€6,880)
- Receivables within one year -€10,004
down €10,004 (-21.7%), from €46,004 to €36,000
- Tangible fixed assets -€8,457
down €8,457 (-83.1%), from €10,171 to €1,714
of which Furniture and vehicles: -€7,857
- Other debts -€142,052
down €142,052 (-83.7%), from €169,676 to €27,624
- Trade debts -€6,880
down €6,880 (-98.1%), from €7,012 to €132
- Gross operating margin +€15,864
up €15,864, from -€7,755 to €8,108
- Financial income -€8,414
down €8,414 (-97.0%), from €8,675 to €261
- Depreciation -€7,336
down €7,336 (-46.5%), from €15,793 to €8,457
- Other operating charges -€440
down €440 (-31.1%), from €1,415 to €975
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 | €302,925 | €152,758 | -€150,167 | -49.6% |
| Fixed assets | 21/28 | €16,171 | €7,714 | -€8,457 | -52.3% |
| Tangible fixed assets | 22/27 | €10,171 | €1,714 | -€8,457 | -83.1% |
| Furniture and vehicles | 24 | €8,071 | €214 | -€7,857 | -97.4% |
| Other tangible fixed assets | 26 | €2,100 | €1,500 | -€600 | -28.6% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €286,754 | €145,044 | -€141,710 | -49.4% |
| Amounts receivable within one year | 40/41 | €46,004 | €36,000 | -€10,004 | -21.7% |
| Other amounts receivable | 41 | €46,004 | €36,000 | -€10,004 | -21.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,912 | €108,414 | -€131,498 | -54.8% |
| Deferred charges and accrued income | 490/1 | €839 | €631 | -€208 | -24.8% |
| Total equity and liabilities | 10/49 | €302,925 | €152,758 | -€150,167 | -49.6% |
| Equity | 10/15 | €119,934 | €117,751 | -€2,183 | -1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,079 | €110,896 | -€2,183 | -1.9% |
| Amounts payable | 17/49 | €182,991 | €35,007 | -€147,984 | -80.9% |
| Amounts payable within one year | 42/48 | €182,991 | €35,007 | -€147,984 | -80.9% |
| Trade debts | 44 | €7,012 | €132 | -€6,880 | -98.1% |
| Suppliers | 440/4 | €7,012 | €132 | -€6,880 | -98.1% |
| Taxes, remuneration and social security | 45 | €6,303 | €7,251 | +€948 | +15.0% |
| Taxes | 450/3 | €6,303 | €7,251 | +€948 | +15.0% |
| Other amounts payable | 47/48 | €169,676 | €27,624 | -€142,052 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,793 | €8,457 | -€7,336 | -46.5% |
| Other operating charges | 640/8 | €1,415 | €975 | -€440 | -31.1% |
| Gross operating margin | 9900 | -€7,755 | €8,108 | +€15,864 | |
| Operating profit (loss) | 9901 | -€24,964 | -€1,324 | +€23,640 | +94.7% |
| Financial income | 75/76B | €8,675 | €261 | -€8,414 | -97.0% |
| Recurring financial income | 75 | €8,675 | €261 | -€8,414 | -97.0% |
| Financial charges | 65/66B | €265 | €301 | +€35 | +13.3% |
| Recurring financial charges | 65 | €265 | €301 | +€35 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,554 | -€1,363 | +€15,190 | +91.8% |
| Income taxes | 67/77 | €748 | €820 | +€72 | +9.6% |
| Profit (loss) for the period | 9904 | -€17,302 | -€2,183 | +€15,119 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,302 | -€2,183 | +€15,119 | +87.4% |
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 16 October 2026 via checked.be.