to catch a fish: 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 catch a fish
Largest movements
- Cash -€11,027
down €11,027 (-51.5%), from €21,433 to €10,406
mainly Contributions, distributions and other (-€13,912) and Deferred charges and accrued income (-€7,126)
- Deferred charges and accrued income +€7,126
up €7,126 (+841%), from €847 to €7,973
- Receivables within one year -€4,343
down €4,343 (-27.3%), from €15,927 to €11,583
of which Trade receivables: -€8,364
- Tangible fixed assets -€3,786
down €3,786 (-46.3%), from €8,172 to €4,386
of which Furniture and vehicles: -€2,324
- Reserves -€11,242
down €11,242 (-55.5%), from €20,260 to €9,018
of which Distributable reserves: -€11,242
- Profit (loss) carried forward +€5,758
up €5,758, from -€5,758 to €0
- Debts after one year -€3,443
down €3,443 (-23.3%), from €14,750 to €11,307
- Trade debts -€3,288
down €3,288 (-100%), from €3,288 to €0
- Accrued charges and deferred income -€2,445
down €2,445 (-100%), from €2,445 to €0
- Gross operating margin -€10,872
down €10,872 (-37.7%), from €28,801 to €17,929
- Taxes +€2,385
up €2,385 (+181%), from €1,319 to €3,704
- Depreciation -€692
down €692 (-15.7%), from €4,409 to €3,717
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 | €46,379 | €34,348 | -€12,031 | -25.9% |
| Fixed assets | 21/28 | €8,172 | €4,386 | -€3,786 | -46.3% |
| Tangible fixed assets | 22/27 | €8,172 | €4,386 | -€3,786 | -46.3% |
| Land and buildings | 22 | €5,848 | €4,386 | -€1,462 | -25.0% |
| Plant, machinery and equipment | 23 | €1 | €0 | -€1 | -100% |
| Furniture and vehicles | 24 | €2,324 | €0 | -€2,324 | -100% |
| Current assets | 29/58 | €38,207 | €29,963 | -€8,245 | -21.6% |
| Amounts receivable within one year | 40/41 | €15,927 | €11,583 | -€4,343 | -27.3% |
| Trade receivables | 40 | €15,227 | €6,863 | -€8,364 | -54.9% |
| Other amounts receivable | 41 | €699 | €4,720 | +€4,021 | +575% |
| Cash at bank and in hand | 54/58 | €21,433 | €10,406 | -€11,027 | -51.5% |
| Deferred charges and accrued income | 490/1 | €847 | €7,973 | +€7,126 | +841% |
| Total equity and liabilities | 10/49 | €46,379 | €34,348 | -€12,031 | -25.9% |
| Equity | 10/15 | €20,702 | €15,218 | -€5,484 | -26.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,260 | €9,018 | -€11,242 | -55.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €20,260 | €9,018 | -€11,242 | -55.5% |
| Profit (loss) carried forward | 14 | -€5,758 | €0 | +€5,758 | |
| Amounts payable | 17/49 | €25,677 | €19,130 | -€6,547 | -25.5% |
| Amounts payable after more than one year | 17 | €14,750 | €11,307 | -€3,443 | -23.3% |
| Financial debts | 170/4 | €14,750 | €11,307 | -€3,443 | -23.3% |
| Amounts payable within one year | 42/48 | €8,482 | €7,823 | -€659 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €4,538 | €3,443 | -€1,095 | -24.1% |
| Financial debts | 43 | €267 | €1,703 | +€1,436 | +538% |
| Credit institutions | 430/8 | €267 | €1,703 | +€1,436 | +538% |
| Trade debts | 44 | €3,288 | €0 | -€3,288 | -100% |
| Suppliers | 440/4 | €3,288 | €0 | -€3,288 | -100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €389 | €2,677 | +€2,289 | +589% |
| Taxes | 450/3 | €389 | €2,677 | +€2,289 | +589% |
| Accrued charges and deferred income | 492/3 | €2,445 | €0 | -€2,445 | -100% |
| Non-recurring operating income | 76A | - | €15,669 | +€15,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,409 | €3,717 | -€692 | -15.7% |
| Other operating charges | 640/8 | €1,690 | €1,445 | -€246 | -14.5% |
| Non-recurring operating charges | 66A | €12,193 | €0 | -€12,193 | -100% |
| Gross operating margin | 9900 | €28,801 | €17,929 | -€10,872 | -37.7% |
| Operating profit (loss) | 9901 | €10,509 | €12,768 | +€2,259 | +21.5% |
| Financial income | 75/76B | €234 | €294 | +€60 | +25.5% |
| Recurring financial income | 75 | €234 | €294 | +€60 | +25.5% |
| Financial charges | 65/66B | €720 | €930 | +€210 | +29.2% |
| Recurring financial charges | 65 | €720 | €930 | +€210 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €10,024 | €12,132 | +€2,109 | +21.0% |
| Income taxes | 67/77 | €1,319 | €3,704 | +€2,385 | +181% |
| Profit (loss) for the period | 9904 | €8,705 | €8,429 | -€276 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,705 | €8,429 | -€276 | -3.2% |
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 23 October 2026 via checked.be.