So Much Sense: 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.
So Much Sense
Largest movements
- Deferred charges and accrued income -€22,500
no longer reported in 2025 (was €22,500)
- Receivables within one year +€12,858
up €12,858 (+7376.8%), from €174 to €13,032
- Cash -€3,642
down €3,642 (-98.8%), from €3,688 to €46
mainly Receivables within one year (-€12,858) and Net result for the year (-€11,513)
- Formation expenses -€1,029
no longer reported in 2025 (was €1,029)
- Profit (loss) carried forward -€11,513
down €11,513, from €9,181 to -€2,332
- Trade debts -€9,075
no longer reported in 2025 (was €9,075)
- Tax, wage and social debts +€8,491
up €8,491 (+221.7%), from €3,829 to €12,320
of which Taxes: +€8,011
- Other debts -€2,216
down €2,216 (-46.1%), from €4,805 to €2,589
- Gross operating margin -€22,062
down €22,062, from €12,039 to -€10,022
- Taxes -€2,344
no longer reported in 2025 (was €2,344)
- Depreciation +€514
up €514 (+100.0%), from €514 to €1,029
- Other operating charges +€300
new in 2025: €300
- Financial charges +€162
new in 2025: €162
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 | €27,390 | €13,078 | -€14,313 | -52.3% |
| Formation expenses | 20 | €1,029 | - | -€1,029 | |
| Current assets | 29/58 | €26,362 | €13,078 | -€13,284 | -50.4% |
| Amounts receivable within one year | 40/41 | €174 | €13,032 | +€12,858 | +7376.8% |
| Other amounts receivable | 41 | €174 | €13,032 | +€12,858 | +7376.8% |
| Cash at bank and in hand | 54/58 | €3,688 | €46 | -€3,642 | -98.8% |
| Deferred charges and accrued income | 490/1 | €22,500 | - | -€22,500 | |
| Total equity and liabilities | 10/49 | €27,390 | €13,078 | -€14,313 | -52.3% |
| Equity | 10/15 | €9,681 | -€1,832 | -€11,513 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,181 | -€2,332 | -€11,513 | |
| Amounts payable | 17/49 | €17,710 | €14,910 | -€2,800 | -15.8% |
| Amounts payable within one year | 42/48 | €17,710 | €14,910 | -€2,800 | -15.8% |
| Trade debts | 44 | €9,075 | - | -€9,075 | |
| Suppliers | 440/4 | €9,075 | - | -€9,075 | |
| Taxes, remuneration and social security | 45 | €3,829 | €12,320 | +€8,491 | +221.7% |
| Taxes | 450/3 | €3,829 | €11,840 | +€8,011 | +209.2% |
| Remuneration and social security | 454/9 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €4,805 | €2,589 | -€2,216 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €1,029 | +€514 | +100.0% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | €12,039 | -€10,022 | -€22,062 | |
| Operating profit (loss) | 9901 | €11,525 | -€11,351 | -€22,876 | |
| Financial charges | 65/66B | - | €162 | +€162 | |
| Recurring financial charges | 65 | - | €162 | +€162 | |
| Profit (loss) for the period before taxes | 9903 | €11,525 | -€11,513 | -€23,038 | |
| Income taxes | 67/77 | €2,344 | - | -€2,344 | |
| Profit (loss) for the period | 9904 | €9,181 | -€11,513 | -€20,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,181 | -€11,513 | -€20,694 |
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 9 October 2026 via checked.be.