Territory 5: 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.
Territory 5
Largest movements
- Receivables within one year -€34,190
down €34,190 (-99.7%), from €34,287 to €97
of which Trade receivables: -€34,072
- Cash -€30,589
down €30,589 (-5.8%), from €530,269 to €499,680
mainly Tax, wage and social debts (-€143,722) and Smaller working-capital items (-€158)
- Tax, wage and social debts -€143,722
down €143,722 (-82.6%), from €173,936 to €30,214
- Reserves +€79,029
up €79,029 (+20.6%), from €383,434 to €462,463
- Gross operating margin -€454,108
down €454,108 (-80.6%), from €563,423 to €109,315
- Taxes -€143,722
down €143,722 (-82.6%), from €173,936 to €30,214
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 | €564,722 | €499,931 | -€64,791 | -11.5% |
| Formation expenses | 20 | €73 | - | -€73 | |
| Fixed assets | 21/28 | €94 | €94 | = | 0.0% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €564,556 | €499,838 | -€64,718 | -11.5% |
| Amounts receivable within one year | 40/41 | €34,287 | €97 | -€34,190 | -99.7% |
| Trade receivables | 40 | €34,072 | - | -€34,072 | |
| Other amounts receivable | 41 | €215 | €97 | -€118 | -55.0% |
| Cash at bank and in hand | 54/58 | €530,269 | €499,680 | -€30,589 | -5.8% |
| Deferred charges and accrued income | 490/1 | - | €61 | +€61 | |
| Total equity and liabilities | 10/49 | €564,722 | €499,931 | -€64,791 | -11.5% |
| Equity | 10/15 | €390,434 | €469,463 | +€79,029 | +20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €383,434 | €462,463 | +€79,029 | +20.6% |
| Distributable reserves | 133 | €383,434 | €462,463 | +€79,029 | +20.6% |
| Profit (loss) carried forward | 14 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €174,288 | €30,468 | -€143,820 | -82.5% |
| Amounts payable within one year | 42/48 | €174,267 | €30,468 | -€143,799 | -82.5% |
| Trade debts | 44 | €331 | €255 | -€76 | -23.0% |
| Suppliers | 440/4 | €331 | €255 | -€76 | -23.0% |
| Taxes, remuneration and social security | 45 | €173,936 | €30,214 | -€143,722 | -82.6% |
| Taxes | 450/3 | €173,936 | €30,214 | -€143,722 | -82.6% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €73 | -€725 | -90.9% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €563,423 | €109,315 | -€454,108 | -80.6% |
| Operating profit (loss) | 9901 | €562,575 | €109,243 | -€453,333 | -80.6% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €212 | - | -€212 | |
| Recurring financial charges | 65 | €212 | - | -€212 | |
| Profit (loss) for the period before taxes | 9903 | €562,370 | €109,243 | -€453,128 | -80.6% |
| Income taxes | 67/77 | €173,936 | €30,214 | -€143,722 | -82.6% |
| Profit (loss) for the period | 9904 | €388,434 | €79,029 | -€309,405 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €388,434 | €79,029 | -€309,405 | -79.7% |
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 14 October 2026 via checked.be.