"We Are": 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.
"We Are"
Largest movements
- Receivables within one year -€9,049
down €9,049 (-40.1%), from €22,577 to €13,529
of which Other amounts receivable: -€9,049
- Intangible fixed assets -€4,986
no longer reported in 2025 (was €4,986)
- Cash -€678
down €678 (-4.5%), from €15,165 to €14,486
mainly Net result for the year (-€8,673) and Trade debts (-€6,041)
- Profit (loss) carried forward -€8,673
down €8,673 (-32.6%), from -€26,619 to -€35,291
- Trade debts -€6,041
down €6,041 (-10.1%), from €59,614 to €53,573
- Gross operating margin -€3,234
down €3,234 (-694.3%), from -€466 to -€3,699
- Financial income +€83
new in 2025: €83
- Financial charges +€45
new in 2025: €45
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 | €42,728 | €28,015 | -€14,713 | -34.4% |
| Fixed assets | 21/28 | €4,986 | - | -€4,986 | |
| Intangible fixed assets | 21 | €4,986 | - | -€4,986 | |
| Current assets | 29/58 | €37,742 | €28,015 | -€9,727 | -25.8% |
| Amounts receivable within one year | 40/41 | €22,577 | €13,529 | -€9,049 | -40.1% |
| Trade receivables | 40 | €13,412 | €13,412 | = | 0.0% |
| Other amounts receivable | 41 | €9,166 | €117 | -€9,049 | -98.7% |
| Cash at bank and in hand | 54/58 | €15,165 | €14,486 | -€678 | -4.5% |
| Total equity and liabilities | 10/49 | €42,728 | €28,015 | -€14,713 | -34.4% |
| Equity | 10/15 | -€20,419 | -€29,091 | -€8,673 | -42.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,619 | -€35,291 | -€8,673 | -32.6% |
| Amounts payable | 17/49 | €63,147 | €57,106 | -€6,041 | -9.6% |
| Amounts payable within one year | 42/48 | €63,147 | €57,106 | -€6,041 | -9.6% |
| Trade debts | 44 | €59,614 | €53,573 | -€6,041 | -10.1% |
| Suppliers | 440/4 | €59,614 | €53,573 | -€6,041 | -10.1% |
| Other amounts payable | 47/48 | €3,533 | €3,533 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €4,986 | -€14 | -0.3% |
| Gross operating margin | 9900 | -€466 | -€3,699 | -€3,234 | -694.3% |
| Operating profit (loss) | 9901 | -€5,466 | -€8,686 | -€3,220 | -58.9% |
| Financial income | 75/76B | - | €83 | +€83 | |
| Recurring financial income | 75 | - | €83 | +€83 | |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | -€5,466 | -€8,648 | -€3,182 | -58.2% |
| Income taxes | 67/77 | - | €25 | +€25 | |
| Profit (loss) for the period | 9904 | -€5,466 | -€8,673 | -€3,207 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,466 | -€8,673 | -€3,207 | -58.7% |
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 7 October 2026 via checked.be.