LEFT FIELD: what changed
LEFT FIELD
Largest movements
- Receivables after one year -€450,000
down €450,000 (-60.0%), from €750,000 to €300,000
- Current investments +€398,862
up €398,862, from €0 to €398,862
- Cash -€95,160
down €95,160 (-41.2%), from €231,130 to €135,970
mainly Contributions, distributions and other (-€482,116) and Current investments (-€398,862)
- Reserves -€164,915
down €164,915 (-17.0%), from €967,653 to €802,738
- Tax, wage and social debts +€14,061
up €14,061 (+78.1%), from €18,011 to €32,072
- Financial income +€148,103
up €148,103 (+66.0%), from €224,281 to €372,384
- Taxes +€14,061
up €14,061 (+78.1%), from €18,011 to €32,072
- Gross operating margin +€5,440
up €5,440 (+22.3%), from -€24,419 to -€18,979
- Other operating charges -€1,202
down €1,202 (-41.3%), from €2,913 to €1,711
- Financial charges +€867
up €867 (+904%), from €96 to €962
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 | €989,191 | €836,426 | -€152,766 | -15.4% |
| Fixed assets | 21/28 | €2,130 | €670 | -€1,461 | -68.6% |
| Intangible fixed assets | 21 | €1,225 | €225 | -€1,000 | -81.7% |
| Tangible fixed assets | 22/27 | €904 | €445 | -€459 | -50.8% |
| Furniture and vehicles | 24 | €904 | €445 | -€459 | -50.8% |
| Financial fixed assets | 28 | €2 | €0 | -€2 | -100% |
| Current assets | 29/58 | €987,061 | €835,756 | -€151,305 | -15.3% |
| Amounts receivable after more than one year | 29 | €750,000 | €300,000 | -€450,000 | -60.0% |
| Other amounts receivable | 291 | €750,000 | €300,000 | -€450,000 | -60.0% |
| Amounts receivable within one year | 40/41 | €0 | €91 | +€91 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €91 | +€91 | |
| Current investments | 50/53 | €0 | €398,862 | +€398,862 | |
| Cash at bank and in hand | 54/58 | €231,130 | €135,970 | -€95,160 | -41.2% |
| Deferred charges and accrued income | 490/1 | €5,931 | €833 | -€5,098 | -86.0% |
| Total equity and liabilities | 10/49 | €989,191 | €836,426 | -€152,766 | -15.4% |
| Equity | 10/15 | €968,653 | €803,738 | -€164,915 | -17.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €967,653 | €802,738 | -€164,915 | -17.0% |
| Distributable reserves | 133 | €967,653 | €802,738 | -€164,915 | -17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,539 | €32,688 | +€12,149 | +59.2% |
| Amounts payable within one year | 42/48 | €20,539 | €32,688 | +€12,149 | +59.2% |
| Trade debts | 44 | €308 | €0 | -€308 | -100% |
| Suppliers | 440/4 | €308 | €0 | -€308 | -100% |
| Taxes, remuneration and social security | 45 | €18,011 | €32,072 | +€14,061 | +78.1% |
| Taxes | 450/3 | €18,011 | €32,072 | +€14,061 | +78.1% |
| Other amounts payable | 47/48 | €2,220 | €616 | -€1,603 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €1,459 | = | 0.0% |
| Other operating charges | 640/8 | €2,913 | €1,711 | -€1,202 | -41.3% |
| Gross operating margin | 9900 | -€24,419 | -€18,979 | +€5,440 | +22.3% |
| Operating profit (loss) | 9901 | -€28,791 | -€22,149 | +€6,642 | +23.1% |
| Financial income | 75/76B | €224,281 | €372,384 | +€148,103 | +66.0% |
| Recurring financial income | 75 | €224,281 | €372,384 | +€148,103 | +66.0% |
| Financial charges | 65/66B | €96 | €962 | +€867 | +904% |
| Recurring financial charges | 65 | €96 | €962 | +€867 | +904% |
| Profit (loss) for the period before taxes | 9903 | €195,394 | €349,272 | +€153,878 | +78.8% |
| Income taxes | 67/77 | €18,011 | €32,072 | +€14,061 | +78.1% |
| Profit (loss) for the period | 9904 | €177,384 | €317,201 | +€139,817 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €177,384 | €317,201 | +€139,817 | +78.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.