The Resistance: 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 Resistance
Largest movements
- Cash -€37,219
down €37,219 (-45.9%), from €81,030 to €43,811
mainly Trade debts (-€38,737) and Net result for the year (-€5,843)
- Receivables within one year -€4,561
down €4,561 (-81.8%), from €5,574 to €1,013
- Intangible fixed assets -€2,500
down €2,500 (-85.7%), from €2,917 to €417
- Trade debts -€38,737
down €38,737 (-99.6%), from €38,881 to €144
- Profit (loss) carried forward -€5,843
down €5,843 (-18.3%), from €31,911 to €26,069
- Gross operating margin +€42,350
up €42,350 (+94.2%), from -€44,952 to -€2,602
- Financial charges -€479
down €479 (-76.9%), from €623 to €144
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 | €89,521 | €45,241 | -€44,280 | -49.5% |
| Fixed assets | 21/28 | €2,917 | €417 | -€2,500 | -85.7% |
| Intangible fixed assets | 21 | €2,917 | €417 | -€2,500 | -85.7% |
| Current assets | 29/58 | €86,604 | €44,824 | -€41,780 | -48.2% |
| Amounts receivable within one year | 40/41 | €5,574 | €1,013 | -€4,561 | -81.8% |
| Other amounts receivable | 41 | €5,574 | €1,013 | -€4,561 | -81.8% |
| Cash at bank and in hand | 54/58 | €81,030 | €43,811 | -€37,219 | -45.9% |
| Total equity and liabilities | 10/49 | €89,521 | €45,241 | -€44,280 | -49.5% |
| Equity | 10/15 | €50,511 | €44,669 | -€5,843 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,911 | €26,069 | -€5,843 | -18.3% |
| Amounts payable | 17/49 | €39,010 | €572 | -€38,437 | -98.5% |
| Amounts payable within one year | 42/48 | €39,010 | €572 | -€38,437 | -98.5% |
| Trade debts | 44 | €38,881 | €144 | -€38,737 | -99.6% |
| Suppliers | 440/4 | €38,881 | €144 | -€38,737 | -99.6% |
| Other amounts payable | 47/48 | €128 | €428 | +€300 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,500 | = | 0.0% |
| Other operating charges | 640/8 | €889 | €597 | -€292 | -32.8% |
| Gross operating margin | 9900 | -€44,952 | -€2,602 | +€42,350 | +94.2% |
| Operating profit (loss) | 9901 | -€48,340 | -€5,699 | +€42,642 | +88.2% |
| Financial charges | 65/66B | €623 | €144 | -€479 | -76.9% |
| Recurring financial charges | 65 | €623 | €144 | -€479 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,963 | -€5,843 | +€43,121 | +88.1% |
| Profit (loss) for the period | 9904 | -€48,963 | -€5,843 | +€43,121 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,963 | -€5,843 | +€43,121 | +88.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.