STUDIO 1: 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.
STUDIO 1
Largest movements
- Cash -€3,346
down €3,346 (-14.2%), from €23,562 to €20,216
mainly Contributions, distributions and other (-€12,000) and Other debts (-€4,011)
- Other debts -€4,011
down €4,011 (-25.0%), from €16,011 to €12,000
- Gross operating margin -€3,964
down €3,964 (-13.5%), from €29,440 to €25,476
- Taxes -€1,119
down €1,119 (-20.8%), from €5,390 to €4,271
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 | €147,693 | €145,184 | -€2,509 | -1.7% |
| Fixed assets | 21/28 | €123,531 | €123,278 | -€253 | -0.2% |
| Tangible fixed assets | 22/27 | €123,531 | €123,278 | -€253 | -0.2% |
| Land and buildings | 22 | €123,531 | €123,278 | -€253 | -0.2% |
| Current assets | 29/58 | €24,162 | €21,907 | -€2,255 | -9.3% |
| Amounts receivable within one year | 40/41 | €600 | €1,691 | +€1,091 | +181.8% |
| Other amounts receivable | 41 | €600 | €1,691 | +€1,091 | +181.8% |
| Cash at bank and in hand | 54/58 | €23,562 | €20,216 | -€3,346 | -14.2% |
| Total equity and liabilities | 10/49 | €147,693 | €145,184 | -€2,509 | -1.7% |
| Equity | 10/15 | €131,654 | €132,619 | +€965 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,654 | €112,619 | +€965 | +0.9% |
| Distributable reserves | 133 | €111,654 | €112,619 | +€965 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,040 | €12,566 | -€3,474 | -21.7% |
| Amounts payable within one year | 42/48 | €16,040 | €12,566 | -€3,474 | -21.7% |
| Trade debts | 44 | €29 | €566 | +€537 | +1849.6% |
| Suppliers | 440/4 | €29 | €566 | +€537 | +1849.6% |
| Other amounts payable | 47/48 | €16,011 | €12,000 | -€4,011 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253 | €253 | = | 0.0% |
| Other operating charges | 640/8 | €7,709 | €7,957 | +€248 | +3.2% |
| Gross operating margin | 9900 | €29,440 | €25,476 | -€3,964 | -13.5% |
| Operating profit (loss) | 9901 | €21,478 | €17,266 | -€4,212 | -19.6% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,448 | €17,236 | -€4,212 | -19.6% |
| Income taxes | 67/77 | €5,390 | €4,271 | -€1,119 | -20.8% |
| Profit (loss) for the period | 9904 | €16,058 | €12,965 | -€3,093 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,058 | €12,965 | -€3,093 | -19.3% |
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.