TOP MANAGEMENT SUPPORT: 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.
TOP MANAGEMENT SUPPORT
Largest movements
- Cash -€30,553
down €30,553 (-56.4%), from €54,217 to €23,664
mainly Net result for the year (-€32,028) and Receivables within one year (-€25,750)
- Receivables within one year +€25,750
up €25,750 (+9,023%), from €285 to €26,035
of which Trade receivables: +€16,688
- Other debts +€33,515
up €33,515 (+347%), from €9,646 to €43,162
- Profit (loss) carried forward -€32,028
down €32,028, from €0 to -€32,028
- Tax, wage and social debts -€3,732
down €3,732 (-34.4%), from €10,844 to €7,112
- Trade debts -€2,636
down €2,636 (-45.0%), from €5,856 to €3,220
- Provisions +€88,094
new in 2025: €88,094
- Gross operating margin +€27,421
up €27,421 (+93.2%), from €29,415 to €56,837
- Taxes -€4,111
down €4,111 (-94.6%), from €4,344 to €233
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 | €54,580 | €49,699 | -€4,880 | -8.9% |
| Current assets | 29/58 | €54,580 | €49,699 | -€4,880 | -8.9% |
| Amounts receivable within one year | 40/41 | €285 | €26,035 | +€25,750 | +9,023% |
| Trade receivables | 40 | €0 | €16,688 | +€16,688 | |
| Other amounts receivable | 41 | €285 | €9,347 | +€9,062 | +3,175% |
| Cash at bank and in hand | 54/58 | €54,217 | €23,664 | -€30,553 | -56.4% |
| Deferred charges and accrued income | 490/1 | €77 | €0 | -€77 | -100% |
| Total equity and liabilities | 10/49 | €54,580 | €49,699 | -€4,880 | -8.9% |
| Equity | 10/15 | €28,234 | -€3,794 | -€32,028 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €13,234 | €13,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,084 | €3,084 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,084 | €3,084 | = | 0.0% |
| Distributable reserves | 133 | €10,150 | €10,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€32,028 | -€32,028 | |
| Amounts payable | 17/49 | €26,346 | €53,493 | +€27,148 | +103% |
| Amounts payable within one year | 42/48 | €26,346 | €53,493 | +€27,148 | +103% |
| Trade debts | 44 | €5,856 | €3,220 | -€2,636 | -45.0% |
| Suppliers | 440/4 | €5,856 | €3,220 | -€2,636 | -45.0% |
| Taxes, remuneration and social security | 45 | €10,844 | €7,112 | -€3,732 | -34.4% |
| Taxes | 450/3 | €10,844 | €7,112 | -€3,732 | -34.4% |
| Other amounts payable | 47/48 | €9,646 | €43,162 | +€33,515 | +347% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €88,094 | +€88,094 | |
| Other operating charges | 640/8 | €285 | €580 | +€295 | +103% |
| Non-recurring operating charges | 66A | €126 | €64 | -€63 | -49.7% |
| Gross operating margin | 9900 | €29,415 | €56,837 | +€27,421 | +93.2% |
| Operating profit (loss) | 9901 | €29,004 | -€31,901 | -€60,905 | |
| Financial income | 75/76B | €28 | €309 | +€281 | +1,019% |
| Recurring financial income | 75 | €28 | €309 | +€281 | +1,019% |
| Financial charges | 65/66B | €123 | €203 | +€80 | +65.0% |
| Recurring financial charges | 65 | €123 | €203 | +€80 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €28,909 | -€31,795 | -€60,703 | |
| Income taxes | 67/77 | €4,344 | €233 | -€4,111 | -94.6% |
| Profit (loss) for the period | 9904 | €24,565 | -€32,028 | -€56,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,565 | -€32,028 | -€56,593 |
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 24 October 2026 via checked.be.