THE CHANGEMAKERY: what changed
THE CHANGEMAKERY
Largest movements
- Receivables within one year +€26,023
up €26,023 (+114%), from €22,799 to €48,822
of which Trade receivables: +€13,304
- Cash +€10,783
up €10,783 (+630%), from €1,713 to €12,495
mainly Debts after one year (+€17,953) and Current portion of long-term debt (+€14,354)
- Debts after one year +€17,953
new in 2025: €17,953
- Current portion of long-term debt +€14,354
new in 2025: €14,354
- Trade debts +€12,729
up €12,729 (+570%), from €2,231 to €14,961
- Profit (loss) carried forward -€7,800
down €7,800 (-87.5%), from €8,912 to €1,111
- Gross operating margin -€18,573
down €18,573, from €18,085 to -€487
- Other operating charges +€4,803
up €4,803 (+743%), from €647 to €5,450
- Taxes -€4,016
down €4,016, from €4,013 to -€3
- Financial charges +€1,726
up €1,726 (+1,193%), from €145 to €1,871
- Financial income -€588
down €588 (-99.3%), from €592 to €4
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,511 | €61,317 | +€36,806 | +150% |
| Current assets | 29/58 | €24,511 | €61,317 | +€36,806 | +150% |
| Amounts receivable within one year | 40/41 | €22,799 | €48,822 | +€26,023 | +114% |
| Trade receivables | 40 | - | €13,304 | +€13,304 | |
| Other amounts receivable | 41 | €22,799 | €35,518 | +€12,719 | +55.8% |
| Cash at bank and in hand | 54/58 | €1,713 | €12,495 | +€10,783 | +630% |
| Total equity and liabilities | 10/49 | €24,511 | €61,317 | +€36,806 | +150% |
| Equity | 10/15 | €16,912 | €9,111 | -€7,800 | -46.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,912 | €1,111 | -€7,800 | -87.5% |
| Amounts payable | 17/49 | €7,600 | €52,206 | +€44,606 | +587% |
| Amounts payable after more than one year | 17 | - | €17,953 | +€17,953 | |
| Financial debts | 170/4 | - | €17,953 | +€17,953 | |
| Amounts payable within one year | 42/48 | €7,600 | €34,253 | +€26,653 | +351% |
| Current portion of amounts payable after more than one year | 42 | - | €14,354 | +€14,354 | |
| Trade debts | 44 | €2,231 | €14,961 | +€12,729 | +570% |
| Suppliers | 440/4 | €2,231 | €14,961 | +€12,729 | +570% |
| Taxes, remuneration and social security | 45 | €5,368 | €4,938 | -€430 | -8.0% |
| Taxes | 450/3 | €5,368 | €4,938 | -€430 | -8.0% |
| Other operating charges | 640/8 | €647 | €5,450 | +€4,803 | +743% |
| Gross operating margin | 9900 | €18,085 | -€487 | -€18,573 | |
| Operating profit (loss) | 9901 | €17,439 | -€5,937 | -€23,376 | |
| Financial income | 75/76B | €592 | €4 | -€588 | -99.3% |
| Recurring financial income | 75 | €592 | €4 | -€588 | -99.3% |
| Financial charges | 65/66B | €145 | €1,871 | +€1,726 | +1,193% |
| Recurring financial charges | 65 | €145 | €1,871 | +€1,726 | +1,193% |
| Profit (loss) for the period before taxes | 9903 | €17,887 | -€7,803 | -€25,690 | |
| Income taxes | 67/77 | €4,013 | -€3 | -€4,016 | |
| Profit (loss) for the period | 9904 | €13,874 | -€7,800 | -€21,674 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,874 | -€7,800 | -€21,674 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.