The Resonance: 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 Resonance
Largest movements
- Receivables within one year -€14,845
down €14,845 (-71.4%), from €20,780 to €5,935
- Tangible fixed assets +€3,675
new in 2025: €3,675
- Cash -€2,598
down €2,598 (-3.9%), from €67,484 to €64,886
mainly Tax, wage and social debts (-€24,709) and Investment in fixed assets (net) (-€4,784)
- Deferred charges and accrued income +€1,453
up €1,453 (+908%), from €160 to €1,613
- Tax, wage and social debts -€24,709
down €24,709 (-58.9%), from €41,959 to €17,250
of which Remuneration and social security: -€25,763
- Reserves +€9,581
up €9,581 (+34.3%), from €27,904 to €37,485
- Other debts +€2,822
up €2,822 (+18.9%), from €14,924 to €17,746
- Gross operating margin -€23,993
down €23,993 (-60.8%), from €39,430 to €15,437
- Taxes -€6,501
down €6,501 (-64.1%), from €10,149 to €3,648
- Depreciation +€1,109
new in 2025: €1,109
- Financial charges +€973
new in 2025: €973
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 | €88,424 | €76,109 | -€12,315 | -13.9% |
| Fixed assets | 21/28 | - | €3,675 | +€3,675 | |
| Tangible fixed assets | 22/27 | - | €3,675 | +€3,675 | |
| Furniture and vehicles | 24 | - | €3,675 | +€3,675 | |
| Current assets | 29/58 | €88,424 | €72,434 | -€15,990 | -18.1% |
| Amounts receivable within one year | 40/41 | €20,780 | €5,935 | -€14,845 | -71.4% |
| Trade receivables | 40 | €20,780 | €5,935 | -€14,845 | -71.4% |
| Cash at bank and in hand | 54/58 | €67,484 | €64,886 | -€2,598 | -3.9% |
| Deferred charges and accrued income | 490/1 | €160 | €1,613 | +€1,453 | +908% |
| Total equity and liabilities | 10/49 | €88,424 | €76,109 | -€12,315 | -13.9% |
| Equity | 10/15 | €30,904 | €40,485 | +€9,581 | +31.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,904 | €37,485 | +€9,581 | +34.3% |
| Distributable reserves | 133 | €27,904 | €37,485 | +€9,581 | +34.3% |
| Amounts payable | 17/49 | €57,521 | €35,624 | -€21,897 | -38.1% |
| Amounts payable within one year | 42/48 | €57,521 | €35,624 | -€21,897 | -38.1% |
| Trade debts | 44 | €638 | €628 | -€10 | -1.5% |
| Suppliers | 440/4 | €638 | €628 | -€10 | -1.5% |
| Taxes, remuneration and social security | 45 | €41,959 | €17,250 | -€24,709 | -58.9% |
| Taxes | 450/3 | €16,196 | €17,250 | +€1,054 | +6.5% |
| Remuneration and social security | 454/9 | €25,763 | - | -€25,763 | |
| Other amounts payable | 47/48 | €14,924 | €17,746 | +€2,822 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,109 | +€1,109 | |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €39,430 | €15,437 | -€23,993 | -60.8% |
| Operating profit (loss) | 9901 | €39,430 | €14,200 | -€25,230 | -64.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €973 | +€973 | |
| Recurring financial charges | 65 | - | €973 | +€973 | |
| Profit (loss) for the period before taxes | 9903 | €39,430 | €13,229 | -€26,201 | -66.4% |
| Income taxes | 67/77 | €10,149 | €3,648 | -€6,501 | -64.1% |
| Profit (loss) for the period | 9904 | €29,282 | €9,581 | -€19,700 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,282 | €9,581 | -€19,700 | -67.3% |
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 20 October 2026 via checked.be.