YELLOW RED: 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.
YELLOW RED
Largest movements
- Financial fixed assets +€245,000
new in 2025: €245,000
- Cash -€3,981
down €3,981 (-81.0%), from €4,917 to €936
mainly Investment in fixed assets (net) (-€245,000)
- Short-term financial debts +€133,319
new in 2025: €133,319
- Other debts +€80,000
up €80,000 (+140.9%), from €56,781 to €136,781
- Profit (loss) carried forward +€23,424
up €23,424 (+22.0%), from -€106,652 to -€83,228
- Gross operating margin +€9,343
up €9,343 (+65.7%), from €14,227 to €23,570
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 | €18,194 | €256,972 | +€238,778 | +1312.4% |
| Fixed assets | 21/28 | - | €245,000 | +€245,000 | |
| Financial fixed assets | 28 | - | €245,000 | +€245,000 | |
| Current assets | 29/58 | €18,194 | €11,972 | -€6,222 | -34.2% |
| Amounts receivable within one year | 40/41 | €13,277 | €11,036 | -€2,241 | -16.9% |
| Trade receivables | 40 | €13,277 | €11,036 | -€2,241 | -16.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,917 | €936 | -€3,981 | -81.0% |
| Total equity and liabilities | 10/49 | €18,194 | €256,972 | +€238,778 | +1312.4% |
| Equity | 10/15 | -€43,652 | -€20,228 | +€23,424 | +53.7% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,652 | -€83,228 | +€23,424 | +22.0% |
| Amounts payable | 17/49 | €61,846 | €277,200 | +€215,354 | +348.2% |
| Amounts payable within one year | 42/48 | €61,846 | €277,138 | +€215,292 | +348.1% |
| Financial debts | 43 | - | €133,319 | +€133,319 | |
| Other loans | 439 | - | €133,319 | +€133,319 | |
| Trade debts | 44 | €2,127 | €2,443 | +€316 | +14.9% |
| Suppliers | 440/4 | €2,127 | €2,443 | +€316 | +14.9% |
| Taxes, remuneration and social security | 45 | €2,939 | €4,595 | +€1,657 | +56.4% |
| Taxes | 450/3 | €2,939 | €4,595 | +€1,657 | +56.4% |
| Other amounts payable | 47/48 | €56,781 | €136,781 | +€80,000 | +140.9% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €14,227 | €23,570 | +€9,343 | +65.7% |
| Operating profit (loss) | 9901 | €14,165 | €23,508 | +€9,343 | +66.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €83 | €84 | +€1 | +0.8% |
| Recurring financial charges | 65 | €83 | €84 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €14,082 | €23,424 | +€9,342 | +66.3% |
| Profit (loss) for the period | 9904 | €14,082 | €23,424 | +€9,342 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,082 | €23,424 | +€9,342 | +66.3% |
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 6 October 2026 via checked.be.