ÜBERHAUPT: 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.
ÜBERHAUPT
Largest movements
- Cash -€202,367
down €202,367 (-95.8%), from €211,307 to €8,940
mainly Current investments (-€193,639) and Net result for the year (-€11,707)
- Current investments +€193,639
new in 2025: €193,639
- Tangible fixed assets -€6,723
down €6,723 (-40.6%), from €16,565 to €9,842
of which Leasing and similar rights: -€5,618
- Receivables within one year -€5,316
down €5,316 (-39.9%), from €13,306 to €7,991
of which Trade receivables: -€7,066
- Reserves -€11,707
down €11,707 (-5.4%), from €216,504 to €204,797
of which Distributable reserves: -€11,707
- Debts after one year -€3,575
no longer reported in 2025 (was €3,575)
- Current portion of long-term debt -€3,518
down €3,518 (-49.6%), from €7,093 to €3,575
- Tax, wage and social debts -€2,582
no longer reported in 2025 (was €2,582)
- Gross operating margin -€50,420
down €50,420, from €46,084 to -€4,336
- Taxes -€8,638
down €8,638 (-98.5%), from €8,766 to €128
- Other operating charges -€7,220
down €7,220 (-58.1%), from €12,435 to €5,214
- Financial charges -€570
down €570 (-72.9%), from €782 to €212
- Financial income +€528
up €528 (+12.1%), from €4,378 to €4,906
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 | €242,902 | €223,287 | -€19,616 | -8.1% |
| Fixed assets | 21/28 | €16,565 | €9,842 | -€6,723 | -40.6% |
| Tangible fixed assets | 22/27 | €16,565 | €9,842 | -€6,723 | -40.6% |
| Plant, machinery and equipment | 23 | €1,777 | €849 | -€928 | -52.2% |
| Furniture and vehicles | 24 | €720 | €543 | -€177 | -24.6% |
| Leasing and similar rights | 25 | €14,068 | €8,450 | -€5,618 | -39.9% |
| Current assets | 29/58 | €226,337 | €213,444 | -€12,893 | -5.7% |
| Amounts receivable within one year | 40/41 | €13,306 | €7,991 | -€5,316 | -39.9% |
| Trade receivables | 40 | €9,759 | €2,692 | -€7,066 | -72.4% |
| Other amounts receivable | 41 | €3,548 | €5,299 | +€1,751 | +49.3% |
| Current investments | 50/53 | - | €193,639 | +€193,639 | |
| Cash at bank and in hand | 54/58 | €211,307 | €8,940 | -€202,367 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,724 | €2,875 | +€1,151 | +66.8% |
| Total equity and liabilities | 10/49 | €242,902 | €223,287 | -€19,616 | -8.1% |
| Equity | 10/15 | €228,904 | €217,197 | -€11,707 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €216,504 | €204,797 | -€11,707 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €214,644 | €202,937 | -€11,707 | -5.5% |
| Amounts payable | 17/49 | €13,998 | €6,090 | -€7,908 | -56.5% |
| Amounts payable after more than one year | 17 | €3,575 | - | -€3,575 | |
| Financial debts | 170/4 | €3,575 | - | -€3,575 | |
| Amounts payable within one year | 42/48 | €10,423 | €4,366 | -€6,057 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €7,093 | €3,575 | -€3,518 | -49.6% |
| Trade debts | 44 | €748 | €791 | +€43 | +5.7% |
| Suppliers | 440/4 | €748 | €791 | +€43 | +5.7% |
| Taxes, remuneration and social security | 45 | €2,582 | - | -€2,582 | |
| Taxes | 450/3 | €2,582 | - | -€2,582 | |
| Accrued charges and deferred income | 492/3 | - | €1,724 | +€1,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,005 | €6,723 | -€282 | -4.0% |
| Other operating charges | 640/8 | €12,435 | €5,214 | -€7,220 | -58.1% |
| Gross operating margin | 9900 | €46,084 | -€4,336 | -€50,420 | |
| Operating profit (loss) | 9901 | €26,644 | -€16,273 | -€42,917 | |
| Financial income | 75/76B | €4,378 | €4,906 | +€528 | +12.1% |
| Recurring financial income | 75 | €4,378 | €4,906 | +€528 | +12.1% |
| Financial charges | 65/66B | €782 | €212 | -€570 | -72.9% |
| Recurring financial charges | 65 | €782 | €212 | -€570 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €30,239 | -€11,579 | -€41,819 | |
| Income taxes | 67/77 | €8,766 | €128 | -€8,638 | -98.5% |
| Profit (loss) for the period | 9904 | €21,474 | -€11,707 | -€33,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,474 | -€11,707 | -€33,181 |
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 16 October 2026 via checked.be.