Target: 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.
Target
Largest movements
- Receivables within one year -€2,521
down €2,521 (-80.6%), from €3,126 to €605
of which Other amounts receivable: -€2,521
- Tangible fixed assets -€1,280
down €1,280 (-33.0%), from €3,876 to €2,596
of which Furniture and vehicles: -€755
- Cash -€164
down €164 (-4.3%), from €3,793 to €3,629
mainly Trade debts (-€2,202) and Net result for the year (-€1,907)
- Trade debts -€2,202
no longer reported in 2025 (was €2,202)
- Profit (loss) carried forward -€1,907
down €1,907 (-25.5%), from -€7,481 to -€9,388
- Gross operating margin +€2,850
up €2,850 (+83.2%), from -€3,428 to -€578
- Other operating charges -€778
no longer reported in 2025 (was €778)
- Depreciation -€406
down €406 (-24.1%), from €1,686 to €1,280
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 | €10,889 | €6,830 | -€4,059 | -37.3% |
| Fixed assets | 21/28 | €3,876 | €2,596 | -€1,280 | -33.0% |
| Tangible fixed assets | 22/27 | €3,876 | €2,596 | -€1,280 | -33.0% |
| Land and buildings | 22 | €2,299 | €1,965 | -€334 | -14.5% |
| Plant, machinery and equipment | 23 | €190 | - | -€190 | |
| Furniture and vehicles | 24 | €1,386 | €631 | -€755 | -54.5% |
| Current assets | 29/58 | €7,013 | €4,234 | -€2,779 | -39.6% |
| Amounts receivable within one year | 40/41 | €3,126 | €605 | -€2,521 | -80.6% |
| Trade receivables | 40 | €605 | €605 | = | 0.0% |
| Other amounts receivable | 41 | €2,521 | - | -€2,521 | |
| Cash at bank and in hand | 54/58 | €3,793 | €3,629 | -€164 | -4.3% |
| Deferred charges and accrued income | 490/1 | €94 | - | -€94 | |
| Total equity and liabilities | 10/49 | €10,889 | €6,830 | -€4,059 | -37.3% |
| Equity | 10/15 | €6,779 | €4,872 | -€1,907 | -28.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,481 | -€9,388 | -€1,907 | -25.5% |
| Amounts payable | 17/49 | €4,110 | €1,957 | -€2,152 | -52.4% |
| Amounts payable within one year | 42/48 | €4,110 | €1,957 | -€2,152 | -52.4% |
| Trade debts | 44 | €2,202 | - | -€2,202 | |
| Suppliers | 440/4 | €2,202 | - | -€2,202 | |
| Taxes, remuneration and social security | 45 | €105 | €105 | = | 0.0% |
| Taxes | 450/3 | €105 | €105 | = | 0.0% |
| Other amounts payable | 47/48 | €1,802 | €1,852 | +€50 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €1,280 | -€406 | -24.1% |
| Other operating charges | 640/8 | €778 | - | -€778 | |
| Gross operating margin | 9900 | -€3,428 | -€578 | +€2,850 | +83.2% |
| Operating profit (loss) | 9901 | -€5,891 | -€1,858 | +€4,033 | +68.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,945 | -€1,907 | +€4,038 | +67.9% |
| Profit (loss) for the period | 9904 | -€5,945 | -€1,907 | +€4,038 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,945 | -€1,907 | +€4,038 | +67.9% |
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 7 October 2026 via checked.be.