Storm 48: 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.
Storm 48
Largest movements
- Intangible fixed assets -€16,488
down €16,488 (-23.5%), from €70,171 to €53,683
- Profit (loss) carried forward -€35,175
down €35,175 (-15.5%), from -€226,330 to -€261,505
- Accrued charges and deferred income +€13,072
up €13,072 (+21.8%), from €60,088 to €73,160
- Debts after one year +€6,235
up €6,235 (+2.7%), from €229,525 to €235,760
- Depreciation +€3,913
up €3,913 (+13.6%), from €28,867 to €32,780
- Gross operating margin -€151
down €151 (-9.9%), from -€1,524 to -€1,675
- Other operating charges +€17
up €17 (+2.9%), from €590 to €607
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,239 | €53,687 | -€16,552 | -23.6% |
| Fixed assets | 21/28 | €70,171 | €53,683 | -€16,488 | -23.5% |
| Intangible fixed assets | 21 | €70,171 | €53,683 | -€16,488 | -23.5% |
| Current assets | 29/58 | €68 | €4 | -€63 | -93.6% |
| Amounts receivable within one year | 40/41 | €68 | €4 | -€63 | -93.6% |
| Other amounts receivable | 41 | €68 | €4 | -€63 | -93.6% |
| Total equity and liabilities | 10/49 | €70,239 | €53,687 | -€16,552 | -23.6% |
| Equity | 10/15 | -€220,130 | -€255,305 | -€35,175 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,330 | -€261,505 | -€35,175 | -15.5% |
| Amounts payable | 17/49 | €290,369 | €308,992 | +€18,624 | +6.4% |
| Amounts payable after more than one year | 17 | €229,525 | €235,760 | +€6,235 | +2.7% |
| Other amounts payable | 178/9 | €229,525 | €235,760 | +€6,235 | +2.7% |
| Amounts payable within one year | 42/48 | €755 | €72 | -€683 | -90.4% |
| Trade debts | 44 | €755 | €72 | -€683 | -90.4% |
| Suppliers | 440/4 | €755 | €72 | -€683 | -90.4% |
| Accrued charges and deferred income | 492/3 | €60,088 | €73,160 | +€13,072 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,867 | €32,780 | +€3,913 | +13.6% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | -€1,524 | -€1,675 | -€151 | -9.9% |
| Operating profit (loss) | 9901 | -€30,981 | -€35,062 | -€4,081 | -13.2% |
| Financial charges | 65/66B | €111 | €113 | +€1 | +1.3% |
| Recurring financial charges | 65 | €111 | €113 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€31,093 | -€35,175 | -€4,083 | -13.1% |
| Profit (loss) for the period | 9904 | -€31,093 | -€35,175 | -€4,083 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,093 | -€35,175 | -€4,083 | -13.1% |
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 14 October 2026 via checked.be.