STEP 2: 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.
STEP 2
Largest movements
- Cash -€2,515
down €2,515 (-92.1%), from €2,730 to €215
mainly Net result for the year (-€11,473) and Receivables within one year (-€70)
- Tangible fixed assets -€2,427
down €2,427 (-33.8%), from €7,174 to €4,747
- Deferred charges and accrued income -€116
no longer reported in 2025 (was €116)
- Profit (loss) carried forward -€11,473
down €11,473 (-17.3%), from -€66,292 to -€77,765
- Other debts +€6,500
up €6,500 (+10.2%), from €63,975 to €70,475
- Gross operating margin -€11,799
down €11,799, from €3,273 to -€8,526
- Other operating charges -€301
down €301 (-36.6%), from €821 to €520
- Depreciation -€221
down €221 (-8.4%), from €2,648 to €2,427
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 | €10,097 | €5,110 | -€4,988 | -49.4% |
| Fixed assets | 21/28 | €7,174 | €4,747 | -€2,427 | -33.8% |
| Tangible fixed assets | 22/27 | €7,174 | €4,747 | -€2,427 | -33.8% |
| Furniture and vehicles | 24 | €7,174 | €4,747 | -€2,427 | -33.8% |
| Current assets | 29/58 | €2,923 | €362 | -€2,561 | -87.6% |
| Amounts receivable within one year | 40/41 | €78 | €148 | +€70 | +89.3% |
| Other amounts receivable | 41 | €78 | €148 | +€70 | +89.3% |
| Cash at bank and in hand | 54/58 | €2,730 | €215 | -€2,515 | -92.1% |
| Deferred charges and accrued income | 490/1 | €116 | - | -€116 | |
| Total equity and liabilities | 10/49 | €10,097 | €5,110 | -€4,988 | -49.4% |
| Equity | 10/15 | -€53,892 | -€65,365 | -€11,473 | -21.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,292 | -€77,765 | -€11,473 | -17.3% |
| Amounts payable | 17/49 | €63,989 | €70,475 | +€6,486 | +10.1% |
| Amounts payable within one year | 42/48 | €63,989 | €70,475 | +€6,486 | +10.1% |
| Trade debts | 44 | €14 | - | -€14 | |
| Suppliers | 440/4 | €14 | - | -€14 | |
| Other amounts payable | 47/48 | €63,975 | €70,475 | +€6,500 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €2,427 | -€221 | -8.4% |
| Other operating charges | 640/8 | €821 | €520 | -€301 | -36.6% |
| Gross operating margin | 9900 | €3,273 | -€8,526 | -€11,799 | |
| Operating profit (loss) | 9901 | -€197 | -€11,473 | -€11,277 | -5,732% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€197 | -€11,473 | -€11,277 | -5,732% |
| Profit (loss) for the period | 9904 | -€197 | -€11,473 | -€11,277 | -5,732% |
| Profit (loss) for the period to be appropriated | 9905 | -€197 | -€11,473 | -€11,277 | -5,732% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.