SOURCES DE SPONTIN: 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.
SOURCES DE SPONTIN
Largest movements
- Tangible fixed assets -€38,469
down €38,469 (-3.3%), from €1.2m to €1.1m
- Profit (loss) carried forward -€51,002
down €51,002 (-32.6%), from -€156,413 to -€207,415
- Other debts +€14,350
up €14,350 (+1.1%), from €1.3m to €1.3m
- Financial income -€77,966
down €77,966 (-94.0%), from €82,966 to €5,000
of which Financial income: -€77,966
- Gross operating margin -€23,456
down €23,456, from €8,985 to -€14,471
- Other operating charges -€1,134
down €1,134 (-51.8%), from €2,189 to €1,054
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 | €1,182,350 | €1,145,647 | -€36,703 | -3.1% |
| Fixed assets | 21/28 | €1,180,088 | €1,139,619 | -€40,469 | -3.4% |
| Intangible fixed assets | 21 | €12,718 | €10,718 | -€2,000 | -15.7% |
| Tangible fixed assets | 22/27 | €1,167,370 | €1,128,901 | -€38,469 | -3.3% |
| Land and buildings | 22 | €1,167,370 | €1,128,901 | -€38,469 | -3.3% |
| Current assets | 29/58 | €2,262 | €6,028 | +€3,766 | +166% |
| Amounts receivable within one year | 40/41 | €2,190 | €5,566 | +€3,376 | +154% |
| Other amounts receivable | 41 | €2,190 | €5,566 | +€3,376 | +154% |
| Cash at bank and in hand | 54/58 | €72 | €462 | +€390 | +542% |
| Total equity and liabilities | 10/49 | €1,182,350 | €1,145,647 | -€36,703 | -3.1% |
| Equity | 10/15 | -€94,913 | -€145,915 | -€51,002 | -53.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,413 | -€207,415 | -€51,002 | -32.6% |
| Amounts payable | 17/49 | €1,277,263 | €1,291,562 | +€14,299 | +1.1% |
| Amounts payable within one year | 42/48 | €1,277,263 | €1,291,562 | +€14,299 | +1.1% |
| Trade debts | 44 | €1,143 | €1,092 | -€51 | -4.5% |
| Suppliers | 440/4 | €1,143 | €1,092 | -€51 | -4.5% |
| Other amounts payable | 47/48 | €1,276,120 | €1,290,470 | +€14,350 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,469 | €40,469 | = | 0.0% |
| Other operating charges | 640/8 | €2,189 | €1,054 | -€1,134 | -51.8% |
| Gross operating margin | 9900 | €8,985 | -€14,471 | -€23,456 | |
| Operating profit (loss) | 9901 | -€33,673 | -€55,995 | -€22,322 | -66.3% |
| Financial income | 75/76B | €82,966 | €5,000 | -€77,966 | -94.0% |
| Recurring financial income | 75 | €82,966 | €5,000 | -€77,966 | -94.0% |
| Non-recurring financial income | 76B | €82,966 | €5,000 | -€77,966 | -94.0% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €49,293 | -€51,002 | -€100,295 | |
| Profit (loss) for the period | 9904 | €49,293 | -€51,002 | -€100,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,293 | -€51,002 | -€100,295 |
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 29 October 2026 via checked.be.