When in doubt, zoom out: what changed
When in doubt, zoom out
Largest movements
- Cash -€13,680
down €13,680 (-55.2%), from €24,798 to €11,118
mainly Tax, wage and social debts (-€8,285) and Receivables within one year (-€2,854)
- Receivables within one year +€2,854
up €2,854 (+20.1%), from €14,216 to €17,070
of which Trade receivables: +€5,438
- Deferred charges and accrued income +€2,758
up €2,758 (+345%), from €800 to €3,558
- Tax, wage and social debts -€8,285
down €8,285 (-70.7%), from €11,721 to €3,436
- Gross operating margin -€54,265
down €54,265 (-97.4%), from €55,705 to €1,439
- Taxes -€10,603
down €10,603 (-95.9%), from €11,058 to €455
- Financial charges +€932
up €932 (+113%), from €821 to €1,753
- Financial income +€697
up €697 (+87.2%), from €800 to €1,498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,496 | €53,879 | -€8,617 | -13.8% |
| Fixed assets | 21/28 | €2,682 | €2,134 | -€548 | -20.4% |
| Tangible fixed assets | 22/27 | €2,682 | €2,134 | -€548 | -20.4% |
| Furniture and vehicles | 24 | €2,682 | €2,134 | -€548 | -20.4% |
| Current assets | 29/58 | €59,814 | €51,745 | -€8,069 | -13.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,216 | €17,070 | +€2,854 | +20.1% |
| Trade receivables | 40 | €372 | €5,810 | +€5,438 | +1,463% |
| Other amounts receivable | 41 | €13,844 | €11,260 | -€2,585 | -18.7% |
| Cash at bank and in hand | 54/58 | €24,798 | €11,118 | -€13,680 | -55.2% |
| Deferred charges and accrued income | 490/1 | €800 | €3,558 | +€2,758 | +345% |
| Total equity and liabilities | 10/49 | €62,496 | €53,879 | -€8,617 | -13.8% |
| Equity | 10/15 | €48,933 | €48,663 | -€270 | -0.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,933 | €43,663 | -€270 | -0.6% |
| Amounts payable | 17/49 | €13,563 | €5,216 | -€8,347 | -61.5% |
| Amounts payable within one year | 42/48 | €13,563 | €5,216 | -€8,347 | -61.5% |
| Trade debts | 44 | €1,842 | €1,780 | -€62 | -3.4% |
| Suppliers | 440/4 | €1,842 | €1,780 | -€62 | -3.4% |
| Taxes, remuneration and social security | 45 | €11,721 | €3,436 | -€8,285 | -70.7% |
| Taxes | 450/3 | €11,721 | €3,436 | -€8,285 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | €548 | +€491 | +865% |
| Other operating charges | 640/8 | €635 | €451 | -€184 | -29.0% |
| Gross operating margin | 9900 | €55,705 | €1,439 | -€54,265 | -97.4% |
| Operating profit (loss) | 9901 | €55,012 | €441 | -€54,572 | -99.2% |
| Financial income | 75/76B | €800 | €1,498 | +€697 | +87.2% |
| Recurring financial income | 75 | €800 | €1,498 | +€697 | +87.2% |
| Financial charges | 65/66B | €821 | €1,753 | +€932 | +113% |
| Recurring financial charges | 65 | €821 | €1,753 | +€932 | +113% |
| Profit (loss) for the period before taxes | 9903 | €54,991 | €185 | -€54,806 | -99.7% |
| Income taxes | 67/77 | €11,058 | €455 | -€10,603 | -95.9% |
| Profit (loss) for the period | 9904 | €43,933 | -€270 | -€44,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,933 | -€270 | -€44,203 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.