The Impacters: 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 Impacters
Largest movements
- Receivables within one year +€1,878
up €1,878 (+185%), from €1,015 to €2,892
of which Trade receivables: +€2,673
- Tangible fixed assets +€1,619
up €1,619 (+94.0%), from €1,723 to €3,343
of which Other tangible fixed assets: +€1,947
- Cash +€781
up €781 (+199%), from €393 to €1,174
mainly Other debts (+€16,152) and Trade debts (+€1,346)
- Other debts +€16,152
up €16,152 (+322%), from €5,018 to €21,170
- Profit (loss) carried forward -€13,312
down €13,312 (-268%), from -€4,968 to -€18,280
- Trade debts +€1,346
up €1,346 (+231%), from €582 to €1,928
- Tax, wage and social debts +€90
new in 2025: €90
- Gross operating margin +€1,210
up €1,210 (+9.9%), from -€12,268 to -€11,059
- Other operating charges +€894
up €894 (+285%), from €314 to €1,207
- Depreciation +€306
up €306 (+46.2%), from €664 to €970
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 | €3,131 | €7,409 | +€4,277 | +137% |
| Fixed assets | 21/28 | €1,723 | €3,343 | +€1,619 | +94.0% |
| Tangible fixed assets | 22/27 | €1,723 | €3,343 | +€1,619 | +94.0% |
| Furniture and vehicles | 24 | €1,723 | €1,396 | -€328 | -19.0% |
| Other tangible fixed assets | 26 | - | €1,947 | +€1,947 | |
| Current assets | 29/58 | €1,408 | €4,066 | +€2,658 | +189% |
| Amounts receivable within one year | 40/41 | €1,015 | €2,892 | +€1,878 | +185% |
| Trade receivables | 40 | €208 | €2,881 | +€2,673 | +1,282% |
| Other amounts receivable | 41 | €806 | €11 | -€795 | -98.6% |
| Cash at bank and in hand | 54/58 | €393 | €1,174 | +€781 | +199% |
| Total equity and liabilities | 10/49 | €3,131 | €7,409 | +€4,277 | +137% |
| Equity | 10/15 | -€2,468 | -€15,780 | -€13,312 | -539% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,968 | -€18,280 | -€13,312 | -268% |
| Amounts payable | 17/49 | €5,600 | €23,189 | +€17,589 | +314% |
| Amounts payable within one year | 42/48 | €5,600 | €23,189 | +€17,589 | +314% |
| Trade debts | 44 | €582 | €1,928 | +€1,346 | +231% |
| Suppliers | 440/4 | €582 | €1,928 | +€1,346 | +231% |
| Taxes, remuneration and social security | 45 | - | €90 | +€90 | |
| Taxes | 450/3 | - | €90 | +€90 | |
| Other amounts payable | 47/48 | €5,018 | €21,170 | +€16,152 | +322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €664 | €970 | +€306 | +46.2% |
| Other operating charges | 640/8 | €314 | €1,207 | +€894 | +285% |
| Gross operating margin | 9900 | -€12,268 | -€11,059 | +€1,210 | +9.9% |
| Operating profit (loss) | 9901 | -€13,246 | -€13,236 | +€10 | +0.1% |
| Financial income | 75/76B | €89 | €57 | -€32 | -35.6% |
| Recurring financial income | 75 | €89 | €57 | -€32 | -35.6% |
| Financial charges | 65/66B | €115 | €133 | +€17 | +14.9% |
| Recurring financial charges | 65 | €115 | €133 | +€17 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,273 | -€13,312 | -€39 | -0.3% |
| Profit (loss) for the period | 9904 | -€13,273 | -€13,312 | -€39 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,273 | -€13,312 | -€39 | -0.3% |
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 26 October 2026 via checked.be.