W & A: 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.
W & A
Largest movements
- Cash -€12,070
down €12,070 (-69.4%), from €17,398 to €5,328
mainly Tax, wage and social debts (-€29,161)
- Tax, wage and social debts -€29,161
down €29,161 (-94.3%), from €30,911 to €1,750
of which Remuneration and social security: -€29,118
- Other debts +€15,000
up €15,000 (+123.5%), from €12,150 to €27,150
- Profit (loss) carried forward +€2,076
up €2,076 (+8.1%), from -€25,649 to -€23,573
- Staff costs -€27,600
no longer reported in 2025 (was €27,600)
- Gross operating margin -€27,074
down €27,074 (-86.7%), from €31,229 to €4,155
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 | €17,413 | €5,328 | -€12,085 | -69.4% |
| Current assets | 29/58 | €17,413 | €5,328 | -€12,085 | -69.4% |
| Amounts receivable within one year | 40/41 | €15 | - | -€15 | |
| Other amounts receivable | 41 | €15 | - | -€15 | |
| Cash at bank and in hand | 54/58 | €17,398 | €5,328 | -€12,070 | -69.4% |
| Total equity and liabilities | 10/49 | €17,413 | €5,328 | -€12,085 | -69.4% |
| Equity | 10/15 | -€25,648 | -€23,572 | +€2,076 | +8.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,649 | -€23,573 | +€2,076 | +8.1% |
| Amounts payable | 17/49 | €43,061 | €28,900 | -€14,161 | -32.9% |
| Amounts payable within one year | 42/48 | €43,061 | €28,900 | -€14,161 | -32.9% |
| Taxes, remuneration and social security | 45 | €30,911 | €1,750 | -€29,161 | -94.3% |
| Taxes | 450/3 | €1,793 | €1,750 | -€43 | -2.4% |
| Remuneration and social security | 454/9 | €29,118 | - | -€29,118 | |
| Other amounts payable | 47/48 | €12,150 | €27,150 | +€15,000 | +123.5% |
| Remuneration, social security and pensions | 62 | €27,600 | - | -€27,600 | |
| Other operating charges | 640/8 | €1,991 | €2,259 | +€268 | +13.5% |
| Gross operating margin | 9900 | €31,229 | €4,155 | -€27,074 | -86.7% |
| Operating profit (loss) | 9901 | €1,638 | €1,896 | +€258 | +15.8% |
| Financial income | 75/76B | - | €180 | +€180 | |
| Recurring financial income | 75 | - | €180 | +€180 | |
| Non-recurring financial income | 76B | - | €180 | +€180 | |
| Profit (loss) for the period before taxes | 9903 | €1,638 | €2,076 | +€438 | +26.7% |
| Profit (loss) for the period | 9904 | €1,638 | €2,076 | +€438 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,638 | €2,076 | +€438 | +26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.