THE EXTENDED: 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 EXTENDED
Largest movements
- Tangible fixed assets -€1,974
down €1,974 (-48.8%), from €4,049 to €2,074
of which Plant, machinery and equipment: -€1,974
- Profit (loss) carried forward -€4,297
down €4,297 (-5.1%), from -€84,666 to -€88,963
- Trade debts +€2,322
up €2,322 (+154.8%), from €1,500 to €3,822
- Gross operating margin -€4,845
down €4,845, from €2,523 to -€2,322
- Depreciation -€629
down €629 (-24.1%), from €2,603 to €1,974
- Financial charges -€87
no longer reported in 2025 (was €87)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,201 | €2,226 | -€1,974 | -47.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,201 | €2,226 | -€1,974 | -47.0% |
| Tangible fixed assets | 22/27 | €4,049 | €2,074 | -€1,974 | -48.8% |
| Land and buildings | 22 | €1,744 | €1,744 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,305 | €330 | -€1,974 | -85.7% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,201 | €2,226 | -€1,974 | -47.0% |
| Equity | 10/15 | -€66,066 | -€70,363 | -€4,297 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,666 | -€88,963 | -€4,297 | -5.1% |
| Amounts payable | 17/49 | €70,267 | €72,589 | +€2,322 | +3.3% |
| Amounts payable within one year | 42/48 | €70,267 | €72,589 | +€2,322 | +3.3% |
| Trade debts | 44 | €1,500 | €3,822 | +€2,322 | +154.8% |
| Suppliers | 440/4 | €1,500 | €3,822 | +€2,322 | +154.8% |
| Other amounts payable | 47/48 | €68,767 | €68,767 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €1,974 | -€629 | -24.1% |
| Gross operating margin | 9900 | €2,523 | -€2,322 | -€4,845 | |
| Operating profit (loss) | 9901 | -€80 | -€4,297 | -€4,216 | -5264.6% |
| Financial charges | 65/66B | €87 | - | -€87 | |
| Recurring financial charges | 65 | €87 | - | -€87 | |
| Profit (loss) for the period before taxes | 9903 | -€167 | -€4,297 | -€4,130 | -2475.8% |
| Profit (loss) for the period | 9904 | -€167 | -€4,297 | -€4,130 | -2475.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€167 | -€4,297 | -€4,130 | -2475.8% |
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 5 October 2026 via checked.be.