That's Why: 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.
That's Why
Largest movements
- Receivables within one year -€2,231
down €2,231 (-25.1%), from €8,884 to €6,653
of which Trade receivables: -€2,345
- Tangible fixed assets -€268
no longer reported in 2025 (was €268)
- Profit (loss) carried forward -€2,538
down €2,538 (-49.8%), from -€5,093 to -€7,630
- Other debts +€1,841
up €1,841 (+27.7%), from €6,650 to €8,491
- Trade debts -€1,822
down €1,822 (-85.3%), from €2,135 to €313
- Gross operating margin -€5,403
down €5,403, from €3,717 to -€1,686
- Other operating charges +€364
up €364 (+243%), from €150 to €514
- Depreciation -€47
down €47 (-14.9%), from €316 to €268
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 | €10,293 | €7,774 | -€2,519 | -24.5% |
| Fixed assets | 21/28 | €268 | - | -€268 | |
| Tangible fixed assets | 22/27 | €268 | - | -€268 | |
| Furniture and vehicles | 24 | €268 | - | -€268 | |
| Current assets | 29/58 | €10,024 | €7,774 | -€2,250 | -22.4% |
| Amounts receivable within one year | 40/41 | €8,884 | €6,653 | -€2,231 | -25.1% |
| Trade receivables | 40 | €2,382 | €37 | -€2,345 | -98.4% |
| Other amounts receivable | 41 | €6,502 | €6,616 | +€114 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,140 | €1,121 | -€19 | -1.7% |
| Total equity and liabilities | 10/49 | €10,293 | €7,774 | -€2,519 | -24.5% |
| Equity | 10/15 | €1,507 | -€1,030 | -€2,538 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,093 | -€7,630 | -€2,538 | -49.8% |
| Amounts payable | 17/49 | €8,785 | €8,804 | +€19 | +0.2% |
| Amounts payable within one year | 42/48 | €8,785 | €8,804 | +€19 | +0.2% |
| Trade debts | 44 | €2,135 | €313 | -€1,822 | -85.3% |
| Suppliers | 440/4 | €2,135 | €313 | -€1,822 | -85.3% |
| Other amounts payable | 47/48 | €6,650 | €8,491 | +€1,841 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €268 | -€47 | -14.9% |
| Other operating charges | 640/8 | €150 | €514 | +€364 | +243% |
| Gross operating margin | 9900 | €3,717 | -€1,686 | -€5,403 | |
| Operating profit (loss) | 9901 | €3,251 | -€2,469 | -€5,720 | |
| Financial charges | 65/66B | €79 | €69 | -€10 | -13.2% |
| Recurring financial charges | 65 | €79 | €69 | -€10 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €3,172 | -€2,538 | -€5,710 | |
| Profit (loss) for the period | 9904 | €3,172 | -€2,538 | -€5,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,172 | -€2,538 | -€5,710 |
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 30 October 2026 via checked.be.