Stressfactor: 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.
Stressfactor
Largest movements
- Intangible fixed assets -€92,145
down €92,145 (-24.3%), from €378,504 to €286,359
- Cash -€28,856
down €28,856 (-90.7%), from €31,800 to €2,944
mainly Net result for the year (-€58,447) and Other debts (-€22,070)
- Receivables within one year +€9,811
up €9,811 (+65.2%), from €15,054 to €24,865
of which Trade receivables: +€10,770
- Deferred charges and accrued income +€6,832
up €6,832 (+1473.3%), from €464 to €7,295
- Profit (loss) carried forward -€58,447
down €58,447 (-49.3%), from -€118,434 to -€176,882
- Other debts -€22,070
down €22,070 (-6.0%), from €369,848 to €347,778
- Trade debts -€19,842
down €19,842 (-69.8%), from €28,409 to €8,567
- Gross operating margin +€66,284
up €66,284, from -€31,996 to €34,288
- Depreciation +€11,924
up €11,924 (+14.9%), from €80,221 to €92,145
- Financial charges -€4,847
down €4,847 (-98.6%), from €4,917 to €70
- Other operating charges -€781
down €781 (-60.0%), from €1,300 to €520
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 | €425,822 | €321,463 | -€104,359 | -24.5% |
| Fixed assets | 21/28 | €378,504 | €286,359 | -€92,145 | -24.3% |
| Intangible fixed assets | 21 | €378,504 | €286,359 | -€92,145 | -24.3% |
| Current assets | 29/58 | €47,318 | €35,104 | -€12,214 | -25.8% |
| Amounts receivable within one year | 40/41 | €15,054 | €24,865 | +€9,811 | +65.2% |
| Trade receivables | 40 | €10,480 | €21,250 | +€10,770 | +102.8% |
| Other amounts receivable | 41 | €4,574 | €3,615 | -€959 | -21.0% |
| Cash at bank and in hand | 54/58 | €31,800 | €2,944 | -€28,856 | -90.7% |
| Deferred charges and accrued income | 490/1 | €464 | €7,295 | +€6,832 | +1473.3% |
| Total equity and liabilities | 10/49 | €425,822 | €321,463 | -€104,359 | -24.5% |
| Equity | 10/15 | -€18,434 | -€76,882 | -€58,447 | -317.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,434 | -€176,882 | -€58,447 | -49.3% |
| Amounts payable | 17/49 | €444,257 | €398,345 | -€45,912 | -10.3% |
| Amounts payable within one year | 42/48 | €398,257 | €356,345 | -€41,912 | -10.5% |
| Trade debts | 44 | €28,409 | €8,567 | -€19,842 | -69.8% |
| Suppliers | 440/4 | €28,409 | €8,567 | -€19,842 | -69.8% |
| Other amounts payable | 47/48 | €369,848 | €347,778 | -€22,070 | -6.0% |
| Accrued charges and deferred income | 492/3 | €46,000 | €42,000 | -€4,000 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,221 | €92,145 | +€11,924 | +14.9% |
| Other operating charges | 640/8 | €1,300 | €520 | -€781 | -60.0% |
| Gross operating margin | 9900 | -€31,996 | €34,288 | +€66,284 | |
| Operating profit (loss) | 9901 | -€113,517 | -€58,377 | +€55,140 | +48.6% |
| Financial charges | 65/66B | €4,917 | €70 | -€4,847 | -98.6% |
| Recurring financial charges | 65 | €4,917 | €70 | -€4,847 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | -€118,434 | -€58,447 | +€59,987 | +50.7% |
| Profit (loss) for the period | 9904 | -€118,434 | -€58,447 | +€59,987 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,434 | -€58,447 | +€59,987 | +50.7% |
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 11 October 2026 via checked.be.