VERTICAAL: 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.
VERTICAAL
Largest movements
- Cash +€1,825
new in 2025: €1,825
mainly Other debts (+€3,359) and Receivables within one year (+€1,593)
- Receivables within one year -€1,593
no longer reported in 2025 (was €1,593)
- Other debts +€3,359
up €3,359 (+26.1%), from €12,871 to €16,230
- Profit (loss) carried forward -€1,757
down €1,757 (-10.2%), from -€17,148 to -€18,905
- Trade debts -€1,370
no longer reported in 2025 (was €1,370)
- Gross operating margin +€3,158
up €3,158 (+68.2%), from -€4,631 to -€1,473
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 | €1,593 | €1,825 | +€232 | +14.6% |
| Current assets | 29/58 | €1,593 | €1,825 | +€232 | +14.6% |
| Amounts receivable within one year | 40/41 | €1,593 | - | -€1,593 | |
| Other amounts receivable | 41 | €1,593 | - | -€1,593 | |
| Cash at bank and in hand | 54/58 | - | €1,825 | +€1,825 | |
| Total equity and liabilities | 10/49 | €1,593 | €1,825 | +€232 | +14.6% |
| Equity | 10/15 | -€12,648 | -€14,405 | -€1,757 | -13.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,148 | -€18,905 | -€1,757 | -10.2% |
| Amounts payable | 17/49 | €14,241 | €16,230 | +€1,989 | +14.0% |
| Amounts payable within one year | 42/48 | €14,241 | €16,230 | +€1,989 | +14.0% |
| Trade debts | 44 | €1,370 | - | -€1,370 | |
| Suppliers | 440/4 | €1,370 | - | -€1,370 | |
| Other amounts payable | 47/48 | €12,871 | €16,230 | +€3,359 | +26.1% |
| Gross operating margin | 9900 | -€4,631 | -€1,473 | +€3,158 | +68.2% |
| Operating profit (loss) | 9901 | -€4,631 | -€1,473 | +€3,158 | +68.2% |
| Financial charges | 65/66B | €298 | €284 | -€14 | -4.7% |
| Recurring financial charges | 65 | €298 | €284 | -€14 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,929 | -€1,757 | +€3,172 | +64.4% |
| Profit (loss) for the period | 9904 | -€4,929 | -€1,757 | +€3,172 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,929 | -€1,757 | +€3,172 | +64.4% |
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.