WHY NOT: 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.
WHY NOT
Largest movements
- Receivables within one year +€1,421
up €1,421 (+24.7%), from €5,762 to €7,182
of which Other amounts receivable: +€1,872
- Cash -€516
down €516 (-16.5%), from €3,126 to €2,611
mainly Tax, wage and social debts (-€2,201) and Receivables within one year (-€1,421)
- Stocks and contracts +€144
up €144 (+83.1%), from €173 to €317
- Profit (loss) carried forward +€3,892
up €3,892 (+63.3%), from -€6,150 to -€2,259
- Tax, wage and social debts -€2,201
down €2,201 (-55.2%), from €3,989 to €1,788
of which Taxes: -€2,301
- Trade debts -€663
no longer reported in 2025 (was €663)
- Gross operating margin +€5,569
up €5,569, from -€417 to €5,152
- Depreciation -€1,121
no longer reported in 2025 (was €1,121)
- Financial charges +€261
up €261 (+66.7%), from €391 to €652
- Other operating charges -€115
down €115 (-11.5%), from €997 to €882
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 | €11,001 | €12,029 | +€1,028 | +9.3% |
| Fixed assets | 21/28 | €334 | €334 | = | 0.0% |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €10,667 | €11,695 | +€1,028 | +9.6% |
| Stocks and contracts in progress | 3 | €173 | €317 | +€144 | +83.1% |
| Stocks | 30/36 | €173 | €317 | +€144 | +83.1% |
| Amounts receivable within one year | 40/41 | €5,762 | €7,182 | +€1,421 | +24.7% |
| Trade receivables | 40 | €689 | €237 | -€451 | -65.5% |
| Other amounts receivable | 41 | €5,073 | €6,945 | +€1,872 | +36.9% |
| Cash at bank and in hand | 54/58 | €3,126 | €2,611 | -€516 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,585 | -€21 | -1.3% |
| Total equity and liabilities | 10/49 | €11,001 | €12,029 | +€1,028 | +9.3% |
| Equity | 10/15 | €6,350 | €10,241 | +€3,892 | +61.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,150 | -€2,259 | +€3,892 | +63.3% |
| Amounts payable | 17/49 | €4,652 | €1,788 | -€2,864 | -61.6% |
| Amounts payable within one year | 42/48 | €4,652 | €1,788 | -€2,864 | -61.6% |
| Trade debts | 44 | €663 | - | -€663 | |
| Suppliers | 440/4 | €663 | - | -€663 | |
| Taxes, remuneration and social security | 45 | €3,989 | €1,788 | -€2,201 | -55.2% |
| Taxes | 450/3 | €2,339 | €38 | -€2,301 | -98.4% |
| Remuneration and social security | 454/9 | €1,650 | €1,750 | +€100 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,121 | - | -€1,121 | |
| Other operating charges | 640/8 | €997 | €882 | -€115 | -11.5% |
| Gross operating margin | 9900 | -€417 | €5,152 | +€5,569 | |
| Operating profit (loss) | 9901 | -€2,535 | €4,270 | +€6,805 | |
| Financial income | 75/76B | €329 | €312 | -€17 | -5.3% |
| Recurring financial income | 75 | €329 | €312 | -€17 | -5.3% |
| Financial charges | 65/66B | €391 | €652 | +€261 | +66.7% |
| Recurring financial charges | 65 | €391 | €652 | +€261 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,597 | €3,930 | +€6,526 | |
| Income taxes | 67/77 | €53 | €38 | -€15 | -27.9% |
| Profit (loss) for the period | 9904 | -€2,650 | €3,892 | +€6,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,650 | €3,892 | +€6,541 |
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 17 October 2026 via checked.be.