VIGNETTE: what changed
Two fiscal 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.
VIGNETTE
Largest movements
- Tangible fixed assets -€8,265
down €8,265 (-11.9%), from €69,284 to €61,020
- Cash -€970
down €970 (-31.0%), from €3,130 to €2,160
mainly Net result for the year (-€9,249) and Other debts (-€271)
- Profit (loss) carried forward -€9,249
down €9,249 (-8.6%), from -€107,279 to -€116,528
- Gross operating margin +€8,302
up €8,302, from -€6,875 to €1,427
- Other operating charges -€312
down €312 (-14.3%), from €2,178 to €1,866
- Financial charges +€83
up €83 (+16.5%), from €506 to €589
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.
Cash bridge derived
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 | €72,414 | €63,180 | -€9,234 | -12.8% |
| Fixed assets | 21/28 | €69,284 | €61,020 | -€8,265 | -11.9% |
| Tangible fixed assets | 22/27 | €69,284 | €61,020 | -€8,265 | -11.9% |
| Land and buildings | 22 | €69,284 | €61,020 | -€8,265 | -11.9% |
| Current assets | 29/58 | €3,130 | €2,160 | -€970 | -31.0% |
| Cash at bank and in hand | 54/58 | €3,130 | €2,160 | -€970 | -31.0% |
| Total equity and liabilities | 10/49 | €72,414 | €63,180 | -€9,234 | -12.8% |
| Equity | 10/15 | -€39,079 | -€48,328 | -€9,249 | -23.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,279 | -€116,528 | -€9,249 | -8.6% |
| Amounts payable | 17/49 | €111,493 | €111,508 | +€15 | 0.0% |
| Amounts payable within one year | 42/48 | €111,493 | €111,508 | +€15 | 0.0% |
| Trade debts | 44 | €77 | €363 | +€286 | +371.9% |
| Suppliers | 440/4 | €77 | €363 | +€286 | +371.9% |
| Other amounts payable | 47/48 | €111,416 | €111,145 | -€271 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,265 | €8,265 | = | 0.0% |
| Other operating charges | 640/8 | €2,178 | €1,866 | -€312 | -14.3% |
| Gross operating margin | 9900 | -€6,875 | €1,427 | +€8,302 | |
| Operating profit (loss) | 9901 | -€17,318 | -€8,704 | +€8,613 | +49.7% |
| Financial income | 75/76B | €33 | €45 | +€12 | +35.4% |
| Recurring financial income | 75 | €33 | €45 | +€12 | +35.4% |
| Financial charges | 65/66B | €506 | €589 | +€83 | +16.5% |
| Recurring financial charges | 65 | €506 | €589 | +€83 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,790 | -€9,249 | +€8,542 | +48.0% |
| Profit (loss) for the period | 9904 | -€17,790 | -€9,249 | +€8,542 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,790 | -€9,249 | +€8,542 | +48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.