SPECIFIX: 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.
SPECIFIX
Largest movements
- Cash -€167,537
down €167,537 (-93.0%), from €180,074 to €12,537
mainly Net result for the year (-€221,509) and Trade debts (-€13,251)
- Receivables within one year -€4,688
down €4,688 (-66.6%), from €7,042 to €2,354
of which Other amounts receivable: -€4,385
- Tangible fixed assets +€3,466
up €3,466 (+199.9%), from €1,733 to €5,199
- Profit (loss) carried forward -€221,509
down €221,509 (-150.4%), from -€147,320 to -€368,829
- Debts after one year +€55,000
up €55,000 (+74.3%), from €74,000 to €129,000
- Trade debts -€13,251
down €13,251 (-92.6%), from €14,305 to €1,054
- Other debts +€11,000
up €11,000 (+156.6%), from €7,022 to €18,022
- Staff costs +€64,292
new in 2025: €64,292
- Gross operating margin -€54,807
down €54,807 (-54.6%), from -€100,331 to -€155,139
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 | €188,849 | €20,090 | -€168,760 | -89.4% |
| Fixed assets | 21/28 | €1,733 | €5,199 | +€3,466 | +199.9% |
| Tangible fixed assets | 22/27 | €1,733 | €5,199 | +€3,466 | +199.9% |
| Furniture and vehicles | 24 | €1,733 | €5,199 | +€3,466 | +199.9% |
| Current assets | 29/58 | €187,116 | €14,891 | -€172,225 | -92.0% |
| Amounts receivable within one year | 40/41 | €7,042 | €2,354 | -€4,688 | -66.6% |
| Trade receivables | 40 | €771 | €468 | -€303 | -39.3% |
| Other amounts receivable | 41 | €6,271 | €1,886 | -€4,385 | -69.9% |
| Cash at bank and in hand | 54/58 | €180,074 | €12,537 | -€167,537 | -93.0% |
| Total equity and liabilities | 10/49 | €188,849 | €20,090 | -€168,760 | -89.4% |
| Equity | 10/15 | €93,522 | -€127,986 | -€221,509 | |
| Contributions | 10/11 | €240,843 | €240,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,320 | -€368,829 | -€221,509 | -150.4% |
| Amounts payable | 17/49 | €95,327 | €148,076 | +€52,749 | +55.3% |
| Amounts payable after more than one year | 17 | €74,000 | €129,000 | +€55,000 | +74.3% |
| Financial debts | 170/4 | €74,000 | €129,000 | +€55,000 | +74.3% |
| Amounts payable within one year | 42/48 | €21,327 | €19,076 | -€2,251 | -10.6% |
| Trade debts | 44 | €14,305 | €1,054 | -€13,251 | -92.6% |
| Suppliers | 440/4 | €14,305 | €1,054 | -€13,251 | -92.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,022 | €18,022 | +€11,000 | +156.6% |
| Remuneration, social security and pensions | 62 | - | €64,292 | +€64,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €1,491 | +€625 | +72.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€100,331 | -€155,139 | -€54,807 | -54.6% |
| Operating profit (loss) | 9901 | -€101,703 | -€221,441 | -€119,738 | -117.7% |
| Financial income | 75/76B | €41 | €3 | -€38 | -91.7% |
| Recurring financial income | 75 | €41 | €3 | -€38 | -91.7% |
| Financial charges | 65/66B | €77 | €71 | -€6 | -7.9% |
| Recurring financial charges | 65 | €77 | €71 | -€6 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€101,739 | -€221,509 | -€119,770 | -117.7% |
| Profit (loss) for the period | 9904 | -€101,739 | -€221,509 | -€119,770 | -117.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,739 | -€221,509 | -€119,770 | -117.7% |
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 29 September 2026 via checked.be.