THE CHESSBOARD: 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.
THE CHESSBOARD
Largest movements
- Cash -€7,085
down €7,085 (-87.8%), from €8,072 to €987
mainly Net result for the year (-€7,889) and Debts after one year (-€4,010)
- Stocks and contracts -€5,507
down €5,507 (-23.2%), from €23,733 to €18,227
- Reserves -€7,889
down €7,889 (-5.7%), from €138,947 to €131,058
of which Distributable reserves: -€7,889
- Debts after one year -€4,010
down €4,010 (-48.1%), from €8,333 to €4,324
- Tax, wage and social debts -€3,410
down €3,410 (-46.0%), from €7,416 to €4,006
- Gross operating margin -€10,986
down €10,986, from €10,116 to -€870
- Taxes -€2,295
down €2,295 (-95.0%), from €2,414 to €120
- Depreciation +€1,049
up €1,049 (+188%), from €559 to €1,608
- Financial charges +€900
up €900 (+31.2%), from €2,888 to €3,788
- Financial income -€265
down €265 (-81.6%), from €325 to €60
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 | €186,340 | €169,371 | -€16,969 | -9.1% |
| Fixed assets | 21/28 | €20,224 | €18,616 | -€1,608 | -8.0% |
| Intangible fixed assets | 21 | €4,835 | €3,845 | -€990 | -20.5% |
| Tangible fixed assets | 22/27 | €13,736 | €13,118 | -€618 | -4.5% |
| Plant, machinery and equipment | 23 | €1,904 | €1,700 | -€204 | -10.7% |
| Other tangible fixed assets | 26 | €11,831 | €11,417 | -€414 | -3.5% |
| Financial fixed assets | 28 | €1,654 | €1,654 | = | 0.0% |
| Current assets | 29/58 | €166,116 | €150,755 | -€15,361 | -9.2% |
| Amounts receivable after more than one year | 29 | €127,428 | €126,491 | -€937 | -0.7% |
| Other amounts receivable | 291 | €127,428 | €126,491 | -€937 | -0.7% |
| Stocks and contracts in progress | 3 | €23,733 | €18,227 | -€5,507 | -23.2% |
| Stocks | 30/36 | €23,733 | €18,227 | -€5,507 | -23.2% |
| Amounts receivable within one year | 40/41 | €4,710 | €3,871 | -€840 | -17.8% |
| Trade receivables | 40 | €2,705 | €3,686 | +€982 | +36.3% |
| Other amounts receivable | 41 | €2,005 | €184 | -€1,821 | -90.8% |
| Cash at bank and in hand | 54/58 | €8,072 | €987 | -€7,085 | -87.8% |
| Deferred charges and accrued income | 490/1 | €2,172 | €1,180 | -€993 | -45.7% |
| Total equity and liabilities | 10/49 | €186,340 | €169,371 | -€16,969 | -9.1% |
| Equity | 10/15 | €157,547 | €149,658 | -€7,889 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,947 | €131,058 | -€7,889 | -5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €137,087 | €129,198 | -€7,889 | -5.8% |
| Amounts payable | 17/49 | €28,794 | €19,713 | -€9,081 | -31.5% |
| Amounts payable after more than one year | 17 | €8,333 | €4,324 | -€4,010 | -48.1% |
| Financial debts | 170/4 | €8,333 | €4,324 | -€4,010 | -48.1% |
| Amounts payable within one year | 42/48 | €19,561 | €14,740 | -€4,821 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,165 | -€2 | 0.0% |
| Financial debts | 43 | €4,023 | €3,835 | -€188 | -4.7% |
| Credit institutions | 430/8 | €4,023 | €3,835 | -€188 | -4.7% |
| Trade debts | 44 | €3,955 | €2,733 | -€1,221 | -30.9% |
| Suppliers | 440/4 | €3,955 | €2,733 | -€1,221 | -30.9% |
| Taxes, remuneration and social security | 45 | €7,416 | €4,006 | -€3,410 | -46.0% |
| Taxes | 450/3 | €7,416 | €4,006 | -€3,410 | -46.0% |
| Accrued charges and deferred income | 492/3 | €900 | €650 | -€250 | -27.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €1,608 | +€1,049 | +188% |
| Other operating charges | 640/8 | €1,574 | €1,562 | -€11 | -0.7% |
| Non-recurring operating charges | 66A | €1,319 | €0 | -€1,319 | -100% |
| Gross operating margin | 9900 | €10,116 | -€870 | -€10,986 | |
| Operating profit (loss) | 9901 | €6,664 | -€4,041 | -€10,704 | |
| Financial income | 75/76B | €325 | €60 | -€265 | -81.6% |
| Recurring financial income | 75 | €325 | €60 | -€265 | -81.6% |
| Financial charges | 65/66B | €2,888 | €3,788 | +€900 | +31.2% |
| Recurring financial charges | 65 | €2,888 | €3,788 | +€900 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €4,101 | -€7,769 | -€11,869 | |
| Income taxes | 67/77 | €2,414 | €120 | -€2,295 | -95.0% |
| Profit (loss) for the period | 9904 | €1,686 | -€7,889 | -€9,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,686 | -€7,889 | -€9,575 |
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 25 October 2026 via checked.be.