UNDERSTORY: 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.
UNDERSTORY
Largest movements
- Cash -€7,613
down €7,613 (-49.2%), from €15,469 to €7,856
mainly Net result for the year (-€7,697) and Tax, wage and social debts (-€1,223)
- Receivables within one year -€281
no longer reported in 2025 (was €281)
- Profit (loss) carried forward -€7,697
down €7,697 (-40.3%), from -€19,090 to -€26,787
- Tax, wage and social debts -€1,223
down €1,223 (-32.8%), from €3,728 to €2,505
- Trade debts +€695
up €695 (+32.1%), from €2,164 to €2,859
- Other debts +€331
up €331 (+6.5%), from €5,099 to €5,430
- Gross operating margin +€13,311
up €13,311 (+68.8%), from -€19,354 to -€6,043
- Depreciation -€849
no longer reported in 2025 (was €849)
- Other operating charges -€688
down €688 (-36.7%), from €1,875 to €1,187
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 | €21,950 | €14,056 | -€7,894 | -36.0% |
| Fixed assets | 21/28 | €6,200 | €6,200 | = | 0.0% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €15,750 | €7,856 | -€7,894 | -50.1% |
| Amounts receivable within one year | 40/41 | €281 | - | -€281 | |
| Trade receivables | 40 | €281 | - | -€281 | |
| Cash at bank and in hand | 54/58 | €15,469 | €7,856 | -€7,613 | -49.2% |
| Total equity and liabilities | 10/49 | €21,950 | €14,056 | -€7,894 | -36.0% |
| Equity | 10/15 | €10,959 | €3,262 | -€7,697 | -70.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,449 | €11,449 | = | 0.0% |
| Distributable reserves | 133 | €11,449 | €11,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,090 | -€26,787 | -€7,697 | -40.3% |
| Amounts payable | 17/49 | €10,991 | €10,794 | -€197 | -1.8% |
| Amounts payable within one year | 42/48 | €10,991 | €10,794 | -€197 | -1.8% |
| Trade debts | 44 | €2,164 | €2,859 | +€695 | +32.1% |
| Suppliers | 440/4 | €2,164 | €2,859 | +€695 | +32.1% |
| Taxes, remuneration and social security | 45 | €3,728 | €2,505 | -€1,223 | -32.8% |
| Taxes | 450/3 | €3,728 | €2,505 | -€1,223 | -32.8% |
| Other amounts payable | 47/48 | €5,099 | €5,430 | +€331 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | - | -€849 | |
| Other operating charges | 640/8 | €1,875 | €1,187 | -€688 | -36.7% |
| Gross operating margin | 9900 | -€19,354 | -€6,043 | +€13,311 | +68.8% |
| Operating profit (loss) | 9901 | -€22,078 | -€7,230 | +€14,848 | +67.3% |
| Financial charges | 65/66B | €283 | €278 | -€5 | -1.8% |
| Recurring financial charges | 65 | €283 | €278 | -€5 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,361 | -€7,508 | +€14,853 | +66.4% |
| Income taxes | 67/77 | - | €189 | +€189 | |
| Profit (loss) for the period | 9904 | -€22,361 | -€7,697 | +€14,664 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,361 | -€7,697 | +€14,664 | +65.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.