UP UP UP: 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.
UP UP UP
Largest movements
- Intangible fixed assets -€47,004
down €47,004 (-91.9%), from €51,142 to €4,138
- Financial fixed assets -€3,726
no longer reported in 2025 (was €3,726)
- Receivables within one year -€1,170
down €1,170 (-3.6%), from €32,267 to €31,096
of which Other amounts receivable: -€1,132
- Profit (loss) carried forward -€39,219
down €39,219 (-36.7%), from -€106,991 to -€146,210
- Current portion of long-term debt -€11,688
no longer reported in 2025 (was €11,688)
- Tax, wage and social debts -€4,453
down €4,453 (-92.0%), from €4,840 to €386
- Trade debts +€4,219
up €4,219 (+11.6%), from €36,477 to €40,696
- Short-term financial debts -€933
down €933 (-49.5%), from €1,887 to €953
- Gross operating margin -€28,323
down €28,323 (-76.3%), from €37,106 to €8,783
- Financial charges -€602
down €602 (-42.0%), from €1,435 to €833
- Financial income +€500
up €500 (+4,345%), from €12 to €511
- Other operating charges -€392
down €392 (-43.9%), from €893 to €500
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 | €91,476 | €40,106 | -€51,369 | -56.2% |
| Fixed assets | 21/28 | €58,481 | €7,751 | -€50,730 | -86.7% |
| Intangible fixed assets | 21 | €51,142 | €4,138 | -€47,004 | -91.9% |
| Tangible fixed assets | 22/27 | €3,613 | €3,613 | = | 0.0% |
| Other tangible fixed assets | 26 | €3,613 | €3,613 | = | 0.0% |
| Financial fixed assets | 28 | €3,726 | - | -€3,726 | |
| Current assets | 29/58 | €32,994 | €32,355 | -€639 | -1.9% |
| Amounts receivable within one year | 40/41 | €32,267 | €31,096 | -€1,170 | -3.6% |
| Trade receivables | 40 | €30,542 | €30,504 | -€38 | -0.1% |
| Other amounts receivable | 41 | €1,724 | €592 | -€1,132 | -65.6% |
| Cash at bank and in hand | 54/58 | €634 | €660 | +€27 | +4.2% |
| Deferred charges and accrued income | 490/1 | €94 | €599 | +€504 | +536% |
| Total equity and liabilities | 10/49 | €91,476 | €40,106 | -€51,369 | -56.2% |
| Equity | 10/15 | -€100,771 | -€139,990 | -€39,219 | -38.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20 | €20 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20 | €20 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,991 | -€146,210 | -€39,219 | -36.7% |
| Amounts payable | 17/49 | €192,246 | €180,096 | -€12,150 | -6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €192,246 | €180,096 | -€12,150 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €11,688 | - | -€11,688 | |
| Financial debts | 43 | €1,887 | €953 | -€933 | -49.5% |
| Credit institutions | 430/8 | €1,887 | €953 | -€933 | -49.5% |
| Trade debts | 44 | €36,477 | €40,696 | +€4,219 | +11.6% |
| Suppliers | 440/4 | €36,477 | €40,696 | +€4,219 | +11.6% |
| Taxes, remuneration and social security | 45 | €4,840 | €386 | -€4,453 | -92.0% |
| Taxes | 450/3 | €4,840 | €386 | -€4,453 | -92.0% |
| Other amounts payable | 47/48 | €137,354 | €138,060 | +€706 | +0.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,004 | €47,004 | = | 0.0% |
| Other operating charges | 640/8 | €893 | €500 | -€392 | -43.9% |
| Gross operating margin | 9900 | €37,106 | €8,783 | -€28,323 | -76.3% |
| Operating profit (loss) | 9901 | -€10,791 | -€38,721 | -€27,931 | -259% |
| Financial income | 75/76B | €12 | €511 | +€500 | +4,345% |
| Recurring financial income | 75 | €12 | €511 | +€500 | +4,345% |
| Financial charges | 65/66B | €1,435 | €833 | -€602 | -42.0% |
| Recurring financial charges | 65 | €1,435 | €833 | -€602 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,215 | -€39,043 | -€26,829 | -220% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +0.9% |
| Profit (loss) for the period | 9904 | -€12,389 | -€39,219 | -€26,830 | -217% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,389 | -€39,219 | -€26,830 | -217% |
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 17 October 2026 via checked.be.