'T Sum: what changed
Two fiscal 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 Sum
Largest movements
- Stocks and contracts +€395,004
up €395,004 (+1017.9%), from €38,806 to €433,810
- Cash +€6,943
up €6,943 (+149.5%), from €4,645 to €11,587
mainly Other debts (+€408,326) and Trade debts (+€7,207)
- Other debts +€408,326
up €408,326 (+221.3%), from €184,482 to €592,809
- Profit (loss) carried forward -€12,621
down €12,621 (-7.2%), from -€175,326 to -€187,946
- Trade debts +€7,207
up €7,207 (+135.6%), from €5,316 to €12,522
- Gross operating margin +€16,143
up €16,143 (+76.6%), from -€21,081 to -€4,938
- Financial charges +€4,747
up €4,747 (+230.1%), from €2,063 to €6,810
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 | €55,375 | €458,287 | +€402,912 | +727.6% |
| Current assets | 29/58 | €55,375 | €458,287 | +€402,912 | +727.6% |
| Stocks and contracts in progress | 3 | €38,806 | €433,810 | +€395,004 | +1017.9% |
| Stocks | 30/36 | €38,806 | €433,810 | +€395,004 | +1017.9% |
| Amounts receivable within one year | 40/41 | €11,924 | €12,073 | +€149 | +1.2% |
| Trade receivables | 40 | €10,999 | €10,999 | = | 0.0% |
| Other amounts receivable | 41 | €925 | €1,074 | +€149 | +16.1% |
| Cash at bank and in hand | 54/58 | €4,645 | €11,587 | +€6,943 | +149.5% |
| Deferred charges and accrued income | 490/1 | - | €816 | +€816 | |
| Total equity and liabilities | 10/49 | €55,375 | €458,287 | +€402,912 | +727.6% |
| Equity | 10/15 | -€134,423 | -€147,044 | -€12,621 | -9.4% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,326 | -€187,946 | -€12,621 | -7.2% |
| Amounts payable | 17/49 | €189,798 | €605,331 | +€415,533 | +218.9% |
| Amounts payable within one year | 42/48 | €189,798 | €605,331 | +€415,533 | +218.9% |
| Trade debts | 44 | €5,316 | €12,522 | +€7,207 | +135.6% |
| Suppliers | 440/4 | €5,316 | €12,522 | +€7,207 | +135.6% |
| Other amounts payable | 47/48 | €184,482 | €592,809 | +€408,326 | +221.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,053 | €872 | -€180 | -17.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€21,081 | -€4,938 | +€16,143 | +76.6% |
| Operating profit (loss) | 9901 | -€22,133 | -€5,810 | +€16,323 | +73.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,063 | €6,810 | +€4,747 | +230.1% |
| Recurring financial charges | 65 | €2,063 | €6,810 | +€4,747 | +230.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,196 | -€12,621 | +€11,576 | +47.8% |
| Profit (loss) for the period | 9904 | -€24,196 | -€12,621 | +€11,576 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,196 | -€12,621 | +€11,576 | +47.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.