T-Approach: 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.
T-Approach
Largest movements
- Cash -€34,419
down €34,419 (-37.6%), from €91,639 to €57,221
mainly Contributions, distributions and other (-€65,000) and Receivables within one year (-€12,563)
- Receivables within one year +€12,563
up €12,563 (+148%), from €8,511 to €21,074
of which Trade receivables: +€10,229
- Profit (loss) carried forward -€74,281
down €74,281 (-98.9%), from €75,101 to €820
- Other debts +€51,532
up €51,532 (+297%), from €17,372 to €68,904
- Gross operating margin -€23,946
down €23,946, from €18,101 to -€5,845
- Taxes -€441
down €441 (-89.1%), from €495 to €54
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Depreciation -€283
down €283 (-9.4%), from €3,000 to €2,717
- Financial charges +€234
up €234 (+54.0%), from €433 to €666
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.
Derived cash bridge
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 | €107,185 | €84,329 | -€22,856 | -21.3% |
| Fixed assets | 21/28 | €4,895 | €4,366 | -€529 | -10.8% |
| Tangible fixed assets | 22/27 | €4,895 | €4,366 | -€529 | -10.8% |
| Furniture and vehicles | 24 | €4,895 | €4,366 | -€529 | -10.8% |
| Current assets | 29/58 | €102,290 | €79,963 | -€22,328 | -21.8% |
| Amounts receivable within one year | 40/41 | €8,511 | €21,074 | +€12,563 | +148% |
| Trade receivables | 40 | €8,511 | €18,740 | +€10,229 | +120% |
| Other amounts receivable | 41 | - | €2,335 | +€2,335 | |
| Cash at bank and in hand | 54/58 | €91,639 | €57,221 | -€34,419 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,668 | -€472 | -22.1% |
| Total equity and liabilities | 10/49 | €107,185 | €84,329 | -€22,856 | -21.3% |
| Equity | 10/15 | €79,901 | €5,620 | -€74,281 | -93.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,101 | €820 | -€74,281 | -98.9% |
| Amounts payable | 17/49 | €27,284 | €78,708 | +€51,424 | +188% |
| Amounts payable within one year | 42/48 | €27,284 | €78,708 | +€51,424 | +188% |
| Trade debts | 44 | €2,690 | €3,552 | +€862 | +32.0% |
| Suppliers | 440/4 | €2,690 | €3,552 | +€862 | +32.0% |
| Taxes, remuneration and social security | 45 | €7,222 | €6,253 | -€970 | -13.4% |
| Taxes | 450/3 | €7,222 | €6,253 | -€970 | -13.4% |
| Other amounts payable | 47/48 | €17,372 | €68,904 | +€51,532 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €2,717 | -€283 | -9.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €18,101 | -€5,845 | -€23,946 | |
| Operating profit (loss) | 9901 | €14,714 | -€8,562 | -€23,276 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €433 | €666 | +€234 | +54.0% |
| Recurring financial charges | 65 | €433 | €666 | +€234 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €14,281 | -€9,227 | -€23,508 | |
| Income taxes | 67/77 | €495 | €54 | -€441 | -89.1% |
| Profit (loss) for the period | 9904 | €13,787 | -€9,281 | -€23,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,787 | -€9,281 | -€23,067 |
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 19 October 2026 via checked.be.