SUPPLY CHANGE: 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.
SUPPLY CHANGE
Largest movements
- Cash -€11,669
down €11,669 (-15.6%), from €74,990 to €63,321
mainly Contributions, distributions and other (-€117,904) and Accrued charges and deferred income (-€13,050)
- Receivables within one year -€4,411
down €4,411 (-5.5%), from €79,944 to €75,533
of which Other amounts receivable: -€4,244
- Tangible fixed assets -€2,490
down €2,490 (-64.6%), from €3,854 to €1,364
- Reserves -€100,415
down €100,415 (-64.1%), from €156,773 to €56,358
of which Distributable reserves: -€100,415
- Other debts +€83,269
up €83,269 (+71169.9%), from €117 to €83,386
- Accrued charges and deferred income -€13,050
no longer reported in 2025 (was €13,050)
- Tax, wage and social debts +€10,897
up €10,897, from €0 to €10,897
- Profit (loss) carried forward +€2,174
up €2,174 (+6.0%), from €36,386 to €38,560
- Financial income +€1,760
new in 2025: €1,760
- Gross operating margin +€1,178
up €1,178 (+3.8%), from €31,021 to €32,199
- Depreciation -€586
down €586 (-19.1%), from €3,076 to €2,490
- Taxes +€512
up €512 (+5.1%), from €10,000 to €10,512
- Staff costs +€460
new in 2025: €460
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 | €213,788 | €195,401 | -€18,387 | -8.6% |
| Fixed assets | 21/28 | €8,854 | €6,364 | -€2,490 | -28.1% |
| Tangible fixed assets | 22/27 | €3,854 | €1,364 | -€2,490 | -64.6% |
| Land and buildings | 22 | €913 | - | -€913 | |
| Plant, machinery and equipment | 23 | €427 | €61 | -€366 | -85.7% |
| Furniture and vehicles | 24 | €2,514 | €1,303 | -€1,211 | -48.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €204,934 | €189,037 | -€15,897 | -7.8% |
| Amounts receivable within one year | 40/41 | €79,944 | €75,533 | -€4,411 | -5.5% |
| Trade receivables | 40 | €9,827 | €9,660 | -€167 | -1.7% |
| Other amounts receivable | 41 | €70,117 | €65,873 | -€4,244 | -6.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,990 | €63,321 | -€11,669 | -15.6% |
| Deferred charges and accrued income | 490/1 | - | €183 | +€183 | |
| Total equity and liabilities | 10/49 | €213,788 | €195,401 | -€18,387 | -8.6% |
| Equity | 10/15 | €199,359 | €101,118 | -€98,241 | -49.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,773 | €56,358 | -€100,415 | -64.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €154,913 | €54,498 | -€100,415 | -64.8% |
| Profit (loss) carried forward | 14 | €36,386 | €38,560 | +€2,174 | +6.0% |
| Amounts payable | 17/49 | €14,429 | €94,283 | +€79,854 | +553.4% |
| Amounts payable within one year | 42/48 | €1,379 | €94,283 | +€92,904 | +6737.0% |
| Trade debts | 44 | €1,262 | - | -€1,262 | |
| Suppliers | 440/4 | €1,262 | - | -€1,262 | |
| Taxes, remuneration and social security | 45 | €0 | €10,897 | +€10,897 | |
| Taxes | 450/3 | €0 | €10,897 | +€10,897 | |
| Other amounts payable | 47/48 | €117 | €83,386 | +€83,269 | +71169.9% |
| Accrued charges and deferred income | 492/3 | €13,050 | - | -€13,050 | |
| Remuneration, social security and pensions | 62 | - | €460 | +€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,076 | €2,490 | -€586 | -19.1% |
| Other operating charges | 640/8 | €916 | €580 | -€336 | -36.7% |
| Non-recurring operating charges | 66A | - | €97 | +€97 | |
| Gross operating margin | 9900 | €31,021 | €32,199 | +€1,178 | +3.8% |
| Operating profit (loss) | 9901 | €27,029 | €28,573 | +€1,544 | +5.7% |
| Financial income | 75/76B | - | €1,760 | +€1,760 | |
| Recurring financial income | 75 | - | €1,760 | +€1,760 | |
| Financial charges | 65/66B | €91 | €158 | +€67 | +73.7% |
| Recurring financial charges | 65 | €91 | €158 | +€67 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €26,938 | €30,175 | +€3,237 | +12.0% |
| Income taxes | 67/77 | €10,000 | €10,512 | +€512 | +5.1% |
| Profit (loss) for the period | 9904 | €16,938 | €19,663 | +€2,725 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,938 | €19,663 | +€2,725 | +16.1% |
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 11 October 2026 via checked.be.