Such a beautiful mess: what changed
Such a beautiful mess
Largest movements
- Cash +€5,213
up €5,213 (+16.6%), from €31,317 to €36,531
mainly Net result for the year (+€6,325) and Receivables within one year (+€5,000)
- Receivables within one year -€5,000
down €5,000 (-100%), from €5,000 to €0
- Deferred charges and accrued income +€887
up €887 (+15.0%), from €5,911 to €6,798
- Tangible fixed assets -€542
down €542 (-54.7%), from €992 to €449
- Profit (loss) carried forward +€6,325
up €6,325 (+32.2%), from €19,665 to €25,990
- Accrued charges and deferred income -€3,624
down €3,624 (-100%), from €3,624 to €0
- Advances received -€2,495
down €2,495 (-37.2%), from €6,710 to €4,215
- Tax, wage and social debts -€2,133
down €2,133 (-19.2%), from €11,098 to €8,965
- Other debts +€1,738
up €1,738 (+231%), from €751 to €2,489
- Gross operating margin -€21,142
down €21,142 (-71.1%), from €29,737 to €8,595
- Taxes -€6,743
down €6,743 (-100%), from €6,743 to €0
- Other operating charges -€1,376
down €1,376 (-60.3%), from €2,284 to €907
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,220 | €43,778 | +€558 | +1.3% |
| Fixed assets | 21/28 | €992 | €449 | -€542 | -54.7% |
| Tangible fixed assets | 22/27 | €992 | €449 | -€542 | -54.7% |
| Furniture and vehicles | 24 | €992 | €449 | -€542 | -54.7% |
| Current assets | 29/58 | €42,228 | €43,329 | +€1,101 | +2.6% |
| Amounts receivable within one year | 40/41 | €5,000 | €0 | -€5,000 | -100% |
| Trade receivables | 40 | €5,000 | €0 | -€5,000 | -100% |
| Cash at bank and in hand | 54/58 | €31,317 | €36,531 | +€5,213 | +16.6% |
| Deferred charges and accrued income | 490/1 | €5,911 | €6,798 | +€887 | +15.0% |
| Total equity and liabilities | 10/49 | €43,220 | €43,778 | +€558 | +1.3% |
| Equity | 10/15 | €20,665 | €26,990 | +€6,325 | +30.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,665 | €25,990 | +€6,325 | +32.2% |
| Amounts payable | 17/49 | €22,555 | €16,789 | -€5,767 | -25.6% |
| Amounts payable within one year | 42/48 | €18,932 | €16,789 | -€2,143 | -11.3% |
| Trade debts | 44 | €373 | €1,120 | +€746 | +200% |
| Suppliers | 440/4 | €373 | €1,120 | +€746 | +200% |
| Advances received on contracts in progress | 46 | €6,710 | €4,215 | -€2,495 | -37.2% |
| Taxes, remuneration and social security | 45 | €11,098 | €8,965 | -€2,133 | -19.2% |
| Taxes | 450/3 | €11,098 | €8,965 | -€2,133 | -19.2% |
| Other amounts payable | 47/48 | €751 | €2,489 | +€1,738 | +231% |
| Accrued charges and deferred income | 492/3 | €3,624 | €0 | -€3,624 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €542 | +€143 | +35.9% |
| Other operating charges | 640/8 | €2,284 | €907 | -€1,376 | -60.3% |
| Gross operating margin | 9900 | €29,737 | €8,595 | -€21,142 | -71.1% |
| Operating profit (loss) | 9901 | €27,055 | €7,146 | -€19,909 | -73.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,067% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,067% |
| Financial charges | 65/66B | €647 | €823 | +€176 | +27.2% |
| Recurring financial charges | 65 | €647 | €823 | +€176 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €26,408 | €6,325 | -€20,083 | -76.0% |
| Income taxes | 67/77 | €6,743 | €0 | -€6,743 | -100% |
| Profit (loss) for the period | 9904 | €19,665 | €6,325 | -€13,340 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,665 | €6,325 | -€13,340 | -67.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.