Sinking Sideways: 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.
Sinking Sideways
Largest movements
- Receivables within one year +€112,648
up €112,648 (+10,939%), from €1,030 to €113,678
- Cash -€11,995
down €11,995 (-77.6%), from €15,458 to €3,463
mainly Receivables within one year (-€112,648) and Net result for the year (-€28,865)
- Tangible fixed assets -€2,253
down €2,253 (-85.0%), from €2,649 to €396
of which Furniture and vehicles: -€1,857
- Accrued charges and deferred income +€111,999
new in 2025: €111,999
- Profit (loss) carried forward -€28,865
down €28,865, from €19,014 to -€9,852
- Debts within one year +€15,342
up €15,342 (+1,185%), from €1,295 to €16,637
- Turnover -€55,062
down €55,062 (-73.2%), from €75,234 to €20,172
- Purchases and services -€30,073
down €30,073 (-38.4%), from €78,354 to €48,281
- Gross operating margin -€27,849
down €27,849, from €1,520 to -€26,329
- Depreciation -€984
down €984 (-30.4%), from €3,237 to €2,253
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 | €20,309 | €118,784 | +€98,475 | +485% |
| Fixed assets | 21/28 | €2,649 | €396 | -€2,253 | -85.0% |
| Tangible fixed assets | 22/27 | €2,649 | €396 | -€2,253 | -85.0% |
| Plant, machinery and equipment | 23 | €792 | €396 | -€396 | -50.0% |
| Furniture and vehicles | 24 | €1,857 | - | -€1,857 | |
| Current assets | 29/58 | €17,660 | €118,388 | +€100,728 | +570% |
| Amounts receivable within one year | 40/41 | €1,030 | €113,678 | +€112,648 | +10,939% |
| Other amounts receivable | 41 | €1,030 | €113,678 | +€112,648 | +10,939% |
| Cash at bank and in hand | 54/58 | €15,458 | €3,463 | -€11,995 | -77.6% |
| Deferred charges and accrued income | 490/1 | €1,172 | €1,248 | +€76 | +6.5% |
| Total equity and liabilities | 10/49 | €20,309 | €118,784 | +€98,475 | +485% |
| Equity | 10/15 | €19,014 | -€9,852 | -€28,865 | |
| Profit (loss) carried forward | 14 | €19,014 | -€9,852 | -€28,865 | |
| Amounts payable | 17/49 | €1,295 | €128,636 | +€127,341 | +9,832% |
| Amounts payable within one year | 42/48 | €1,295 | €16,637 | +€15,342 | +1,185% |
| Trade debts | 44 | €1,295 | €1,637 | +€342 | +26.4% |
| Suppliers | 440/4 | €1,295 | €1,637 | +€342 | +26.4% |
| Accrued charges and deferred income | 492/3 | - | €111,999 | +€111,999 | |
| Turnover | 70 | €75,234 | €20,172 | -€55,062 | -73.2% |
| Membership fees, donations, legacies and grants | 73 | €4,640 | €1,780 | -€2,861 | -61.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,354 | €48,281 | -€30,073 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,237 | €2,253 | -€984 | -30.4% |
| Other operating charges | 640/8 | €294 | €199 | -€95 | -32.2% |
| Gross operating margin | 9900 | €1,520 | -€26,329 | -€27,849 | |
| Operating profit (loss) | 9901 | -€2,011 | -€28,782 | -€26,771 | -1,331% |
| Financial income | 75/76B | €75 | €0 | -€74 | -99.6% |
| Recurring financial income | 75 | €75 | €0 | -€74 | -99.6% |
| Financial charges | 65/66B | €84 | €84 | -€0 | -0.4% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,021 | -€28,865 | -€26,845 | -1,328% |
| Profit (loss) for the period | 9904 | -€2,021 | -€28,865 | -€26,845 | -1,328% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,021 | -€28,865 | -€26,845 | -1,328% |
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 17 October 2026 via checked.be.