TOP BOX: what changed
Two fiscal 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.
TOP BOX
Largest movements
- Formation expenses -€388
down €388 (-80.9%), from €480 to €92
- Intangible fixed assets -€371
no longer reported in 2025 (was €371)
- Cash +€150
up €150 (+21.9%), from €686 to €837
mainly Other debts (+€3,000) and Trade debts (+€2,226)
- Receivables within one year +€138
up €138 (+47.5%), from €289 to €427
- Profit (loss) carried forward -€5,312
down €5,312 (-65.4%), from -€8,125 to -€13,437
- Other debts +€3,000
up €3,000 (+117.8%), from €2,547 to €5,547
- Trade debts +€2,226
new in 2025: €2,226
- Accrued charges and deferred income -€384
no longer reported in 2025 (was €384)
- Gross operating margin -€3,317
down €3,317 (-467.2%), from -€710 to -€4,027
- Depreciation +€91
up €91 (+13.6%), from €668 to €759
- Financial charges +€42
up €42 (+71.1%), from €59 to €100
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.
Cash bridge derived
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 | €4,806 | €4,335 | -€471 | -9.8% |
| Formation expenses | 20 | €480 | €92 | -€388 | -80.9% |
| Fixed assets | 21/28 | €371 | - | -€371 | |
| Intangible fixed assets | 21 | €371 | - | -€371 | |
| Current assets | 29/58 | €3,956 | €4,244 | +€288 | +7.3% |
| Stocks and contracts in progress | 3 | €2,980 | €2,980 | = | 0.0% |
| Stocks | 30/36 | €2,980 | €2,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €289 | €427 | +€138 | +47.5% |
| Other amounts receivable | 41 | €289 | €427 | +€138 | +47.5% |
| Cash at bank and in hand | 54/58 | €686 | €837 | +€150 | +21.9% |
| Total equity and liabilities | 10/49 | €4,806 | €4,335 | -€471 | -9.8% |
| Equity | 10/15 | €1,875 | -€3,437 | -€5,312 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,125 | -€13,437 | -€5,312 | -65.4% |
| Amounts payable | 17/49 | €2,931 | €7,773 | +€4,841 | +165.2% |
| Amounts payable within one year | 42/48 | €2,547 | €7,773 | +€5,226 | +205.2% |
| Trade debts | 44 | - | €2,226 | +€2,226 | |
| Suppliers | 440/4 | - | €2,226 | +€2,226 | |
| Other amounts payable | 47/48 | €2,547 | €5,547 | +€3,000 | +117.8% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €759 | +€91 | +13.6% |
| Other operating charges | 640/8 | €413 | €426 | +€12 | +3.0% |
| Gross operating margin | 9900 | -€710 | -€4,027 | -€3,317 | -467.2% |
| Operating profit (loss) | 9901 | -€1,791 | -€5,212 | -€3,420 | -190.9% |
| Financial charges | 65/66B | €59 | €100 | +€42 | +71.1% |
| Recurring financial charges | 65 | €59 | €100 | +€42 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,850 | -€5,312 | -€3,462 | -187.1% |
| Profit (loss) for the period | 9904 | -€1,850 | -€5,312 | -€3,462 | -187.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,850 | -€5,312 | -€3,462 | -187.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.