Synergy through common ground: 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.
Synergy through common ground
Largest movements
- Receivables within one year -€251,583
down €251,583 (-97.7%), from €257,442 to €5,859
of which Other amounts receivable: -€243,583
- Debts after one year -€137,398
no longer reported in 2025 (was €137,398)
of which Other amounts payable: -€100,000
- Profit (loss) carried forward -€132,070
down €132,070 (-54.7%), from -€241,634 to -€373,704
- Other debts +€55,856
up €55,856 (+245%), from €22,826 to €78,681
- Current portion of long-term debt -€29,378
no longer reported in 2025 (was €29,378)
- Tax, wage and social debts -€5,028
no longer reported in 2025 (was €5,028)
- Gross operating margin -€40,486
down €40,486 (-71.3%), from €56,747 to €16,260
- Taxes -€3,989
down €3,989 (-91.4%), from €4,364 to €375
- Financial income -€3,711
no longer reported in 2025 (was €3,711)
of which Non-recurring financial income: -€3,711
- Financial charges -€1,983
down €1,983 (-88.1%), from €2,250 to €267
- Other operating charges -€1,945
no longer reported in 2025 (was €1,945)
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,040 | €5,947 | -€252,093 | -97.7% |
| Fixed assets | 21/28 | €27 | - | -€27 | |
| Tangible fixed assets | 22/27 | €27 | - | -€27 | |
| Furniture and vehicles | 24 | €27 | - | -€27 | |
| Current assets | 29/58 | €258,013 | €5,947 | -€252,066 | -97.7% |
| Amounts receivable within one year | 40/41 | €257,442 | €5,859 | -€251,583 | -97.7% |
| Trade receivables | 40 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 41 | €249,442 | €5,859 | -€243,583 | -97.7% |
| Cash at bank and in hand | 54/58 | €570 | €88 | -€482 | -84.5% |
| Total equity and liabilities | 10/49 | €258,040 | €5,947 | -€252,093 | -97.7% |
| Equity | 10/15 | €60,908 | -€74,252 | -€135,160 | |
| Contributions | 10/11 | €297,592 | €297,592 | = | 0.0% |
| Reserves | 13 | €4,949 | €1,859 | -€3,090 | -62.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,090 | - | -€3,090 | |
| Profit (loss) carried forward | 14 | -€241,634 | -€373,704 | -€132,070 | -54.7% |
| Amounts payable | 17/49 | €197,133 | €80,200 | -€116,933 | -59.3% |
| Amounts payable after more than one year | 17 | €137,398 | - | -€137,398 | |
| Financial debts | 170/4 | €37,398 | - | -€37,398 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €59,735 | €80,200 | +€20,465 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €29,378 | - | -€29,378 | |
| Trade debts | 44 | €2,504 | €1,518 | -€986 | -39.4% |
| Suppliers | 440/4 | €2,504 | €1,518 | -€986 | -39.4% |
| Taxes, remuneration and social security | 45 | €5,028 | - | -€5,028 | |
| Taxes | 450/3 | €5,028 | - | -€5,028 | |
| Other amounts payable | 47/48 | €22,826 | €78,681 | +€55,856 | +245% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | - | -€28 | |
| Other operating charges | 640/8 | €1,945 | - | -€1,945 | |
| Gross operating margin | 9900 | €56,747 | €16,260 | -€40,486 | -71.3% |
| Operating profit (loss) | 9901 | €54,774 | €16,260 | -€38,514 | -70.3% |
| Financial income | 75/76B | €3,711 | - | -€3,711 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €3,711 | - | -€3,711 | |
| Financial charges | 65/66B | €2,250 | €267 | -€1,983 | -88.1% |
| Recurring financial charges | 65 | €2,250 | €267 | -€1,983 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €56,235 | €15,993 | -€40,241 | -71.6% |
| Income taxes | 67/77 | €4,364 | €375 | -€3,989 | -91.4% |
| Profit (loss) for the period | 9904 | €51,871 | €15,618 | -€36,253 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,871 | €15,618 | -€36,253 | -69.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.