VAR DEVELOPMENT: 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.
VAR DEVELOPMENT
Largest movements
- Cash +€0
up €0 (+3.8%), from €7 to €7
mainly Other debts (+€327)
- Other debts +€327
up €327 (+20.1%), from €1,626 to €1,953
- Profit (loss) carried forward -€327
down €327 (-1.6%), from -€20,220 to -€20,547
- Financial charges +€141
new in 2025: €141
- Other operating charges +€120
new in 2025: €120
- Gross operating margin +€62
up €62 (+48.4%), from -€127 to -€66
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 | €7 | €7 | +€0 | +3.8% |
| Current assets | 29/58 | €7 | €7 | +€0 | +3.8% |
| Cash at bank and in hand | 54/58 | €7 | €7 | +€0 | +3.8% |
| Total equity and liabilities | 10/49 | €7 | €7 | +€0 | +3.8% |
| Equity | 10/15 | -€1,620 | -€1,947 | -€327 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,220 | -€20,547 | -€327 | -1.6% |
| Amounts payable | 17/49 | €1,626 | €1,953 | +€327 | +20.1% |
| Amounts payable within one year | 42/48 | €1,626 | €1,953 | +€327 | +20.1% |
| Other amounts payable | 47/48 | €1,626 | €1,953 | +€327 | +20.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€127 | -€66 | +€62 | +48.4% |
| Operating profit (loss) | 9901 | -€127 | -€186 | -€58 | -45.8% |
| Financial charges | 65/66B | - | €141 | +€141 | |
| Recurring financial charges | 65 | - | €141 | +€141 | |
| Profit (loss) for the period before taxes | 9903 | -€127 | -€327 | -€199 | -156% |
| Profit (loss) for the period | 9904 | -€127 | -€327 | -€199 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€127 | -€327 | -€199 | -156% |
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 14 October 2026 via checked.be.