THE NEW IMAGE: 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 NEW IMAGE
Largest movements
- Deferred charges and accrued income -€15,272
down €15,272 (-99.1%), from €15,407 to €135
- Cash +€5,876
up €5,876 (+206%), from €2,858 to €8,734
mainly Deferred charges and accrued income (+€15,272) and Net result for the year (+€13,447)
- Receivables within one year -€1,845
down €1,845 (-21.1%), from €8,737 to €6,892
of which Trade receivables: -€1,392
- Trade debts -€21,836
down €21,836 (-97.2%), from €22,475 to €639
- Profit (loss) carried forward +€13,447
up €13,447 (+8.6%), from -€157,259 to -€143,812
- Other debts -€6,266
down €6,266 (-6.3%), from €99,786 to €93,520
- Tax, wage and social debts +€3,413
up €3,413, from €0 to €3,413
- Gross operating margin +€7,506
up €7,506 (+114%), from €6,602 to €14,108
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 | €27,002 | €15,761 | -€11,241 | -41.6% |
| Current assets | 29/58 | €27,002 | €15,761 | -€11,241 | -41.6% |
| Amounts receivable within one year | 40/41 | €8,737 | €6,892 | -€1,845 | -21.1% |
| Trade receivables | 40 | €8,284 | €6,892 | -€1,392 | -16.8% |
| Other amounts receivable | 41 | €454 | €0 | -€454 | -100% |
| Cash at bank and in hand | 54/58 | €2,858 | €8,734 | +€5,876 | +206% |
| Deferred charges and accrued income | 490/1 | €15,407 | €135 | -€15,272 | -99.1% |
| Total equity and liabilities | 10/49 | €27,002 | €15,761 | -€11,241 | -41.6% |
| Equity | 10/15 | -€95,259 | -€81,812 | +€13,447 | +14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,259 | -€143,812 | +€13,447 | +8.6% |
| Amounts payable | 17/49 | €122,261 | €97,573 | -€24,688 | -20.2% |
| Amounts payable within one year | 42/48 | €122,261 | €97,573 | -€24,688 | -20.2% |
| Trade debts | 44 | €22,475 | €639 | -€21,836 | -97.2% |
| Suppliers | 440/4 | €22,475 | €639 | -€21,836 | -97.2% |
| Taxes, remuneration and social security | 45 | €0 | €3,413 | +€3,413 | |
| Taxes | 450/3 | €0 | €3,413 | +€3,413 | |
| Other amounts payable | 47/48 | €99,786 | €93,520 | -€6,266 | -6.3% |
| Other operating charges | 640/8 | €593 | €610 | +€17 | +2.9% |
| Non-recurring operating charges | 66A | €2,500 | €0 | -€2,500 | -100% |
| Gross operating margin | 9900 | €6,602 | €14,108 | +€7,506 | +114% |
| Operating profit (loss) | 9901 | €3,510 | €13,498 | +€9,989 | +285% |
| Profit (loss) for the period before taxes | 9903 | €3,510 | €13,498 | +€9,989 | +285% |
| Income taxes | 67/77 | - | €51 | +€51 | |
| Profit (loss) for the period | 9904 | €3,510 | €13,447 | +€9,937 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €3,510 | €13,447 | +€9,937 | +283% |
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.