THE HIGHER POWER: 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 HIGHER POWER
Largest movements
- Tangible fixed assets +€2,367
up €2,367 (+289%), from €818 to €3,185
of which Furniture and vehicles: +€2,966
- Receivables within one year -€1,002
down €1,002 (-95.7%), from €1,047 to €45
of which Other amounts receivable: -€589
- Deferred charges and accrued income +€836
up €836 (+1,627%), from €51 to €888
- Other debts +€10,652
up €10,652 (+9.1%), from €116,740 to €127,392
- Profit (loss) carried forward -€8,769
down €8,769 (-6.5%), from -€133,895 to -€142,664
- Tax, wage and social debts +€1,015
new in 2025: €1,015
- Short-term financial debts -€741
down €741 (-7.6%), from €9,769 to €9,028
- Trade debts +€43
up €43 (+7.9%), from €549 to €592
- Gross operating margin +€9,361
up €9,361 (+72.7%), from -€12,868 to -€3,507
- Depreciation +€2,023
up €2,023 (+337%), from €600 to €2,623
- Financial charges +€518
up €518 (+47.6%), from €1,089 to €1,607
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
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 | €1,916 | €4,117 | +€2,201 | +115% |
| Fixed assets | 21/28 | €818 | €3,185 | +€2,367 | +289% |
| Tangible fixed assets | 22/27 | €818 | €3,185 | +€2,367 | +289% |
| Plant, machinery and equipment | 23 | €818 | €219 | -€600 | -73.3% |
| Furniture and vehicles | 24 | - | €2,966 | +€2,966 | |
| Current assets | 29/58 | €1,098 | €932 | -€166 | -15.1% |
| Amounts receivable within one year | 40/41 | €1,047 | €45 | -€1,002 | -95.7% |
| Trade receivables | 40 | €457 | €45 | -€413 | -90.2% |
| Other amounts receivable | 41 | €589 | €0 | -€589 | -100% |
| Deferred charges and accrued income | 490/1 | €51 | €888 | +€836 | +1,627% |
| Total equity and liabilities | 10/49 | €1,916 | €4,117 | +€2,201 | +115% |
| Equity | 10/15 | -€125,142 | -€133,911 | -€8,769 | -7.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,753 | €1,753 | = | 0.0% |
| Distributable reserves | 133 | €1,753 | €1,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,895 | -€142,664 | -€8,769 | -6.5% |
| Amounts payable | 17/49 | €127,058 | €138,028 | +€10,970 | +8.6% |
| Amounts payable within one year | 42/48 | €127,058 | €138,028 | +€10,970 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €9,769 | €9,028 | -€741 | -7.6% |
| Credit institutions | 430/8 | €9,769 | €9,028 | -€741 | -7.6% |
| Trade debts | 44 | €549 | €592 | +€43 | +7.9% |
| Suppliers | 440/4 | €549 | €592 | +€43 | +7.9% |
| Taxes, remuneration and social security | 45 | - | €1,015 | +€1,015 | |
| Taxes | 450/3 | - | €1,015 | +€1,015 | |
| Other amounts payable | 47/48 | €116,740 | €127,392 | +€10,652 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €2,623 | +€2,023 | +337% |
| Other operating charges | 640/8 | €961 | €1,032 | +€71 | +7.4% |
| Gross operating margin | 9900 | -€12,868 | -€3,507 | +€9,361 | +72.7% |
| Operating profit (loss) | 9901 | -€14,428 | -€7,162 | +€7,267 | +50.4% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.9% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.9% |
| Financial charges | 65/66B | €1,089 | €1,607 | +€518 | +47.6% |
| Recurring financial charges | 65 | €1,089 | €1,607 | +€518 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,478 | -€8,769 | +€6,709 | +43.3% |
| Profit (loss) for the period | 9904 | -€15,478 | -€8,769 | +€6,709 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,478 | -€8,769 | +€6,709 | +43.3% |
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 31 October 2026 via checked.be.