ZERO POINT: 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.
ZERO POINT
Largest movements
- Tangible fixed assets -€3,062
down €3,062 (-30.5%), from €10,043 to €6,981
- Cash +€2,575
up €2,575 (+133.6%), from €1,928 to €4,503
mainly Other debts (+€5,627) and Depreciation (+€5,159)
- Intangible fixed assets -€2,097
down €2,097 (-36.3%), from €5,774 to €3,677
- Receivables within one year -€1,864
down €1,864 (-80.8%), from €2,308 to €444
- Profit (loss) carried forward -€14,517
down €14,517 (-4.3%), from -€334,390 to -€348,907
- Other debts +€5,627
up €5,627 (+2.0%), from €279,443 to €285,070
- Trade debts +€4,441
up €4,441, from €0 to €4,441
- Gross operating margin +€68,272
up €68,272 (+88.6%), from -€77,099 to -€8,827
- Financial charges -€2,349
down €2,349 (-94.7%), from €2,480 to €131
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 | €20,053 | €15,605 | -€4,448 | -22.2% |
| Fixed assets | 21/28 | €15,817 | €10,658 | -€5,159 | -32.6% |
| Intangible fixed assets | 21 | €5,774 | €3,677 | -€2,097 | -36.3% |
| Tangible fixed assets | 22/27 | €10,043 | €6,981 | -€3,062 | -30.5% |
| Furniture and vehicles | 24 | €10,043 | €6,981 | -€3,062 | -30.5% |
| Current assets | 29/58 | €4,236 | €4,947 | +€711 | +16.8% |
| Amounts receivable within one year | 40/41 | €2,308 | €444 | -€1,864 | -80.8% |
| Other amounts receivable | 41 | €2,308 | €444 | -€1,864 | -80.8% |
| Cash at bank and in hand | 54/58 | €1,928 | €4,503 | +€2,575 | +133.6% |
| Total equity and liabilities | 10/49 | €20,053 | €15,605 | -€4,448 | -22.2% |
| Equity | 10/15 | -€331,890 | -€346,407 | -€14,517 | -4.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,390 | -€348,907 | -€14,517 | -4.3% |
| Amounts payable | 17/49 | €351,943 | €362,011 | +€10,069 | +2.9% |
| Amounts payable after more than one year | 17 | €72,500 | €72,500 | = | 0.0% |
| Financial debts | 170/4 | €72,500 | €72,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,443 | €289,511 | +€10,069 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €4,441 | +€4,441 | |
| Suppliers | 440/4 | €0 | €4,441 | +€4,441 | |
| Other amounts payable | 47/48 | €279,443 | €285,070 | +€5,627 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,431 | €5,159 | -€272 | -5.0% |
| Other operating charges | 640/8 | €569 | €400 | -€169 | -29.8% |
| Gross operating margin | 9900 | -€77,099 | -€8,827 | +€68,272 | +88.6% |
| Operating profit (loss) | 9901 | -€83,099 | -€14,386 | +€68,713 | +82.7% |
| Financial charges | 65/66B | €2,480 | €131 | -€2,349 | -94.7% |
| Recurring financial charges | 65 | €2,480 | €131 | -€2,349 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,580 | -€14,517 | +€71,063 | +83.0% |
| Profit (loss) for the period | 9904 | -€85,580 | -€14,517 | +€71,063 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,580 | -€14,517 | +€71,063 | +83.0% |
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 10 October 2026 via checked.be.