THE LOOKING GLASS: what changed
THE LOOKING GLASS
Largest movements
- Receivables within one year -€4,131
down €4,131 (-56.7%), from €7,281 to €3,150
- Cash -€1,872
down €1,872 (-19.7%), from €9,479 to €7,607
mainly Net result for the year (-€6,655) and Other debts (-€2,373)
- Tangible fixed assets -€1,240
down €1,240 (-73.4%), from €1,690 to €450
- Profit (loss) carried forward -€6,655
down €6,655 (-8.1%), from -€82,629 to -€89,285
- Trade debts +€3,157
up €3,157 (+505%), from €625 to €3,782
- Other debts -€2,373
down €2,373 (-3.1%), from €77,132 to €74,758
- Tax, wage and social debts -€1,371
down €1,371 (-47.9%), from €2,863 to €1,492
of which Taxes: -€1,371
- Gross operating margin -€1,528
down €1,528 (-54.3%), from -€2,815 to -€4,343
- Depreciation -€197
down €197 (-13.7%), from €1,437 to €1,240
- Other operating charges -€93
down €93 (-9.4%), from €998 to €905
- Financial charges -€76
down €76 (-30.8%), from €245 to €170
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 | €18,450 | €11,208 | -€7,243 | -39.3% |
| Fixed assets | 21/28 | €1,690 | €450 | -€1,240 | -73.4% |
| Tangible fixed assets | 22/27 | €1,690 | €450 | -€1,240 | -73.4% |
| Furniture and vehicles | 24 | €1,690 | €450 | -€1,240 | -73.4% |
| Current assets | 29/58 | €16,760 | €10,757 | -€6,003 | -35.8% |
| Amounts receivable within one year | 40/41 | €7,281 | €3,150 | -€4,131 | -56.7% |
| Trade receivables | 40 | €7,281 | €3,150 | -€4,131 | -56.7% |
| Cash at bank and in hand | 54/58 | €9,479 | €7,607 | -€1,872 | -19.7% |
| Total equity and liabilities | 10/49 | €18,450 | €11,208 | -€7,243 | -39.3% |
| Equity | 10/15 | -€62,169 | -€68,825 | -€6,655 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,629 | -€89,285 | -€6,655 | -8.1% |
| Amounts payable | 17/49 | €80,620 | €80,032 | -€588 | -0.7% |
| Amounts payable within one year | 42/48 | €80,620 | €80,032 | -€588 | -0.7% |
| Trade debts | 44 | €625 | €3,782 | +€3,157 | +505% |
| Suppliers | 440/4 | €625 | €3,782 | +€3,157 | +505% |
| Taxes, remuneration and social security | 45 | €2,863 | €1,492 | -€1,371 | -47.9% |
| Taxes | 450/3 | €1,763 | €392 | -€1,371 | -77.8% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €77,132 | €74,758 | -€2,373 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,437 | €1,240 | -€197 | -13.7% |
| Other operating charges | 640/8 | €998 | €905 | -€93 | -9.4% |
| Non-recurring operating charges | 66A | €1,564 | - | -€1,564 | |
| Gross operating margin | 9900 | -€2,815 | -€4,343 | -€1,528 | -54.3% |
| Operating profit (loss) | 9901 | -€6,815 | -€6,489 | +€326 | +4.8% |
| Financial income | 75/76B | €24 | €3 | -€21 | -87.2% |
| Recurring financial income | 75 | €24 | €3 | -€21 | -87.2% |
| Financial charges | 65/66B | €245 | €170 | -€76 | -30.8% |
| Recurring financial charges | 65 | €245 | €170 | -€76 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,036 | -€6,655 | +€381 | +5.4% |
| Profit (loss) for the period | 9904 | -€7,036 | -€6,655 | +€381 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,036 | -€6,655 | +€381 | +5.4% |
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 5 November 2026 via checked.be.