THE ADMIN NEST: 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.
THE ADMIN NEST
Largest movements
- Receivables within one year -€634
no longer reported in 2025 (was €634)
- Cash +€26
up €26 (+7522.9%), from €0 to €27
mainly Other debts (+€1,476) and Receivables within one year (+€634)
- Profit (loss) carried forward -€2,016
down €2,016 (-13.1%), from -€15,372 to -€17,389
- Other debts +€1,476
up €1,476 (+19.5%), from €7,585 to €9,061
- Tax, wage and social debts -€634
no longer reported in 2025 (was €634)
- Trade debts +€288
new in 2025: €288
- Accrued charges and deferred income +€279
up €279 (+10.0%), from €2,788 to €3,067
- Financial charges -€10,891
down €10,891 (-98.1%), from €11,104 to €213
- Gross operating margin +€2,212
up €2,212 (+74.2%), from -€2,983 to -€771
- Depreciation -€1,324
no longer reported in 2025 (was €1,324)
- Other operating charges +€1,032
new in 2025: €1,032
- Financial income -€39
no longer reported in 2025 (was €39)
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 | €634 | €27 | -€607 | -95.8% |
| Current assets | 29/58 | €634 | €27 | -€607 | -95.8% |
| Amounts receivable within one year | 40/41 | €634 | - | -€634 | |
| Other amounts receivable | 41 | €634 | - | -€634 | |
| Cash at bank and in hand | 54/58 | €0 | €27 | +€26 | +7522.9% |
| Total equity and liabilities | 10/49 | €634 | €27 | -€607 | -95.8% |
| Equity | 10/15 | -€10,372 | -€12,389 | -€2,016 | -19.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,372 | -€17,389 | -€2,016 | -13.1% |
| Amounts payable | 17/49 | €11,006 | €12,415 | +€1,409 | +12.8% |
| Amounts payable within one year | 42/48 | €8,219 | €9,348 | +€1,130 | +13.7% |
| Trade debts | 44 | - | €288 | +€288 | |
| Suppliers | 440/4 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | €634 | - | -€634 | |
| Taxes | 450/3 | €634 | - | -€634 | |
| Other amounts payable | 47/48 | €7,585 | €9,061 | +€1,476 | +19.5% |
| Accrued charges and deferred income | 492/3 | €2,788 | €3,067 | +€279 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,324 | - | -€1,324 | |
| Other operating charges | 640/8 | - | €1,032 | +€1,032 | |
| Gross operating margin | 9900 | -€2,983 | -€771 | +€2,212 | +74.2% |
| Operating profit (loss) | 9901 | -€4,307 | -€1,803 | +€2,504 | +58.1% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €11,104 | €213 | -€10,891 | -98.1% |
| Recurring financial charges | 65 | €11,104 | €213 | -€10,891 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,372 | -€2,016 | +€13,356 | +86.9% |
| Profit (loss) for the period | 9904 | -€15,372 | -€2,016 | +€13,356 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,372 | -€2,016 | +€13,356 | +86.9% |
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.