To be Continued: 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.
To be Continued
Largest movements
- Tangible fixed assets -€8,586
down €8,586 (-32.7%), from €26,239 to €17,653
of which Furniture and vehicles: -€7,348
- Receivables within one year -€8,524
no longer reported in 2025 (was €8,524)
- Cash -€2,062
no longer reported in 2025 (was €2,062)
mainly Other debts (-€12,947) and Net result for the year (-€6,459)
- Other debts -€12,947
down €12,947 (-21.2%), from €61,045 to €48,098
- Profit (loss) carried forward -€6,459
down €6,459 (-11.6%), from -€55,820 to -€62,279
- Trade debts +€442
up €442 (+43.0%), from €1,027 to €1,469
- Gross operating margin +€3,311
up €3,311, from -€1,018 to €2,293
- Write-downs +€2,000
no longer reported in 2025 (was -€2,000)
- Depreciation -€1,427
down €1,427 (-14.3%), from €10,013 to €8,586
- Financial income -€790
down €790 (-99.9%), from €791 to €1
- Other operating charges -€782
down €782 (-99.4%), from €787 to €5
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 | €36,824 | €17,665 | -€19,160 | -52.0% |
| Fixed assets | 21/28 | €26,239 | €17,653 | -€8,586 | -32.7% |
| Tangible fixed assets | 22/27 | €26,239 | €17,653 | -€8,586 | -32.7% |
| Land and buildings | 22 | €4,701 | €4,077 | -€624 | -13.3% |
| Plant, machinery and equipment | 23 | €1,250 | €637 | -€613 | -49.0% |
| Furniture and vehicles | 24 | €20,287 | €12,939 | -€7,348 | -36.2% |
| Current assets | 29/58 | €10,586 | €12 | -€10,574 | -99.9% |
| Amounts receivable within one year | 40/41 | €8,524 | - | -€8,524 | |
| Trade receivables | 40 | €8,524 | - | -€8,524 | |
| Current investments | 50/53 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €2,062 | - | -€2,062 | |
| Total equity and liabilities | 10/49 | €36,824 | €17,665 | -€19,160 | -52.0% |
| Equity | 10/15 | -€28,820 | -€35,278 | -€6,459 | -22.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €20,001 | €20,001 | = | 0.0% |
| Distributable reserves | 133 | €20,001 | €20,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,820 | -€62,279 | -€6,459 | -11.6% |
| Amounts payable | 17/49 | €65,644 | €52,943 | -€12,701 | -19.3% |
| Amounts payable within one year | 42/48 | €65,644 | €52,943 | -€12,701 | -19.3% |
| Trade debts | 44 | €1,027 | €1,469 | +€442 | +43.0% |
| Suppliers | 440/4 | €1,027 | €1,469 | +€442 | +43.0% |
| Taxes, remuneration and social security | 45 | €3,573 | €3,377 | -€196 | -5.5% |
| Taxes | 450/3 | €358 | €162 | -€196 | -54.7% |
| Remuneration and social security | 454/9 | €3,214 | €3,214 | = | 0.0% |
| Other amounts payable | 47/48 | €61,045 | €48,098 | -€12,947 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,013 | €8,586 | -€1,427 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,000 | - | +€2,000 | |
| Other operating charges | 640/8 | €787 | €5 | -€782 | -99.4% |
| Gross operating margin | 9900 | -€1,018 | €2,293 | +€3,311 | |
| Operating profit (loss) | 9901 | -€9,818 | -€6,297 | +€3,521 | +35.9% |
| Financial income | 75/76B | €791 | €1 | -€790 | -99.9% |
| Recurring financial income | 75 | €791 | €1 | -€790 | -99.9% |
| Financial charges | 65/66B | €73 | - | -€73 | |
| Recurring financial charges | 65 | €73 | - | -€73 | |
| Profit (loss) for the period before taxes | 9903 | -€9,100 | -€6,296 | +€2,804 | +30.8% |
| Income taxes | 67/77 | €166 | €162 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€9,266 | -€6,459 | +€2,807 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,266 | -€6,459 | +€2,807 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.