V-3: 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.
V-3
Largest movements
- Stocks and contracts -€10,260
no longer reported in 2025 (was €10,260)
- Cash -€9,613
no longer reported in 2025 (was €9,613)
mainly Net result for the year (-€36,735) and Tax, wage and social debts (-€3,361)
- Receivables within one year +€395
new in 2025: €395
- Profit (loss) carried forward -€36,735
down €36,735 (-223%), from -€16,482 to -€53,216
- Other debts +€10,411
up €10,411 (+74.8%), from €13,921 to €24,331
- Trade debts +€10,208
up €10,208 (+216%), from €4,732 to €14,940
- Tax, wage and social debts -€3,361
no longer reported in 2025 (was €3,361)
- Gross operating margin -€70,249
down €70,249, from €36,491 to -€33,758
- Other operating charges -€41,835
no longer reported in 2025 (was €41,835)
- Financial charges +€1,306
new in 2025: €1,306
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 | €19,933 | €455 | -€19,477 | -97.7% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €19,873 | €395 | -€19,477 | -98.0% |
| Stocks and contracts in progress | 3 | €10,260 | - | -€10,260 | |
| Stocks | 30/36 | €10,260 | - | -€10,260 | |
| Amounts receivable within one year | 40/41 | - | €395 | +€395 | |
| Other amounts receivable | 41 | - | €395 | +€395 | |
| Cash at bank and in hand | 54/58 | €9,613 | - | -€9,613 | |
| Total equity and liabilities | 10/49 | €19,933 | €455 | -€19,477 | -97.7% |
| Equity | 10/15 | -€2,082 | -€38,816 | -€36,735 | -1,765% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Capital | 10 | €14,400 | - | -€14,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €4,200 | - | -€4,200 | |
| Profit (loss) carried forward | 14 | -€16,482 | -€53,216 | -€36,735 | -223% |
| Amounts payable | 17/49 | €22,014 | €39,271 | +€17,257 | +78.4% |
| Amounts payable within one year | 42/48 | €22,014 | €39,271 | +€17,257 | +78.4% |
| Trade debts | 44 | €4,732 | €14,940 | +€10,208 | +216% |
| Suppliers | 440/4 | €4,732 | €14,940 | +€10,208 | +216% |
| Taxes, remuneration and social security | 45 | €3,361 | - | -€3,361 | |
| Taxes | 450/3 | €3,361 | - | -€3,361 | |
| Other amounts payable | 47/48 | €13,921 | €24,331 | +€10,411 | +74.8% |
| Other operating charges | 640/8 | €41,835 | - | -€41,835 | |
| Non-recurring operating charges | 66A | - | €1,670 | +€1,670 | |
| Gross operating margin | 9900 | €36,491 | -€33,758 | -€70,249 | |
| Operating profit (loss) | 9901 | -€5,344 | -€35,429 | -€30,084 | -563% |
| Financial charges | 65/66B | - | €1,306 | +€1,306 | |
| Recurring financial charges | 65 | - | €1,306 | +€1,306 | |
| Profit (loss) for the period before taxes | 9903 | -€5,344 | -€36,735 | -€31,390 | -587% |
| Profit (loss) for the period | 9904 | -€5,344 | -€36,735 | -€31,390 | -587% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,344 | -€36,735 | -€31,390 | -587% |
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.