XIII MANAGEMENT: 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.
XIII MANAGEMENT
Largest movements
- Receivables within one year -€1,464
down €1,464 (-59.8%), from €2,449 to €985
- Profit (loss) carried forward -€1,107
down €1,107, from €600 to -€507
- Tax, wage and social debts -€355
no longer reported in 2025 (was €355)
- Gross operating margin -€256
down €256 (-376%), from -€68 to -€324
- Other operating charges +€217
up €217 (+55.9%), from €387 to €604
- Financial charges +€69
up €69 (+688%), from €10 to €79
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 | €2,455 | €993 | -€1,462 | -59.5% |
| Current assets | 29/58 | €2,455 | €993 | -€1,462 | -59.5% |
| Amounts receivable within one year | 40/41 | €2,449 | €985 | -€1,464 | -59.8% |
| Other amounts receivable | 41 | €2,449 | €985 | -€1,464 | -59.8% |
| Cash at bank and in hand | 54/58 | €7 | €8 | +€2 | +25.5% |
| Total equity and liabilities | 10/49 | €2,455 | €993 | -€1,462 | -59.5% |
| Equity | 10/15 | €2,100 | €993 | -€1,107 | -52.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600 | -€507 | -€1,107 | |
| Amounts payable | 17/49 | €355 | - | -€355 | |
| Amounts payable within one year | 42/48 | €355 | - | -€355 | |
| Taxes, remuneration and social security | 45 | €355 | - | -€355 | |
| Taxes | 450/3 | €355 | - | -€355 | |
| Other operating charges | 640/8 | €387 | €604 | +€217 | +55.9% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€68 | -€324 | -€256 | -376% |
| Operating profit (loss) | 9901 | -€455 | -€1,028 | -€572 | -126% |
| Financial charges | 65/66B | €10 | €79 | +€69 | +688% |
| Recurring financial charges | 65 | €10 | €79 | +€69 | +688% |
| Profit (loss) for the period before taxes | 9903 | -€465 | -€1,107 | -€641 | -138% |
| Profit (loss) for the period | 9904 | -€465 | -€1,107 | -€641 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€465 | -€1,107 | -€641 | -138% |
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 22 October 2026 via checked.be.