POTENTIALS: what changed
What changed
POTENTIALS
filed annual accounts (NBB)
Net result for the year
-€27,378
2024 · -€91,951+€64,574
Equity
-€219,725
2024 · -€192,348-€27,378
Cash
€326
2024 · €1,115-€789
Balance sheet total
€181,406
2024 · €194,920-€13,514
Largest movements
Assets
- Receivables after one year -€8,175
down €8,175 (-5.0%), from €162,814 to €154,639
- Tangible fixed assets -€7,853
down €7,853 (-29.5%), from €26,623 to €18,770
of which Leasing and similar rights: -€5,973
- Receivables within one year +€2,249
up €2,249 (+58.4%), from €3,849 to €6,098
Equity and liabilities
- Profit (loss) carried forward -€27,378
down €27,378 (-10.0%), from -€272,864 to -€300,242
- Other debts +€19,480
up €19,480 (+7.1%), from €275,738 to €295,218
- Debts after one year -€12,358
down €12,358 (-22.6%), from €54,569 to €42,211
of which Financial debts: -€14,858
- Tax, wage and social debts +€9,167
up €9,167 (+27.8%), from €32,974 to €42,141
of which Remuneration and social security: +€9,167
- Accrued charges and deferred income -€4,058
no longer reported in 2025 (was €4,058)
Income statement
- Gross operating margin +€62,041
up €62,041 (+87.5%), from -€70,883 to -€8,842
- Other operating charges -€7,196
down €7,196 (-71.3%), from €10,098 to €2,901
- Financial charges +€6,067
up €6,067 (+111%), from €5,467 to €11,534
- Financial income +€1,403
up €1,403 (+59.7%), from €2,349 to €3,752
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.
Result 2024
-€91,951
Gross operating margin
+€62,041
Other operating charges
+€7,196
Financial income
+€1,403
Financial charges
-€6,067
Result 2025
-€27,378
raises the resultlowers the result
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.
From operations
+€12,142
Investment
€0
Financing
-€12,931
Cash 2024
€1,115
From operations (derived)
+€12,142
Net result for the year
-€27,378
Depreciation
+€7,853
Receivables after one year
+€8,175
Receivables within one year
-€2,249
Deferred charges and accrued income
-€1,054
Trade debts
+€2,206
Tax, wage and social debts
+€9,167
Other debts
+€19,480
Accrued charges and deferred income
-€4,058
Financing
-€12,931
Debts after one year
-€12,358
Current portion of long-term debt
+€580
Short-term financial debts
-€1,153
Cash 2025
€326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,920 | €181,406 | -€13,514 | -6.9% |
| Fixed assets | 21/28 | €26,623 | €18,770 | -€7,853 | -29.5% |
| Tangible fixed assets | 22/27 | €26,623 | €18,770 | -€7,853 | -29.5% |
| Plant, machinery and equipment | 23 | €3,894 | €2,014 | -€1,880 | -48.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Leasing and similar rights | 25 | €22,729 | €16,756 | -€5,973 | -26.3% |
| Current assets | 29/58 | €168,297 | €162,636 | -€5,661 | -3.4% |
| Amounts receivable after more than one year | 29 | €162,814 | €154,639 | -€8,175 | -5.0% |
| Other amounts receivable | 291 | €162,814 | €154,639 | -€8,175 | -5.0% |
| Amounts receivable within one year | 40/41 | €3,849 | €6,098 | +€2,249 | +58.4% |
| Trade receivables | 40 | €3,849 | €6,098 | +€2,249 | +58.4% |
| Cash at bank and in hand | 54/58 | €1,115 | €326 | -€789 | -70.7% |
| Deferred charges and accrued income | 490/1 | €518 | €1,572 | +€1,054 | +203% |
| Total equity and liabilities | 10/49 | €194,920 | €181,406 | -€13,514 | -6.9% |
| Equity | 10/15 | -€192,348 | -€219,725 | -€27,378 | -14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,316 | €74,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,456 | €72,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,864 | -€300,242 | -€27,378 | -10.0% |
| Amounts payable | 17/49 | €387,268 | €401,131 | +€13,864 | +3.6% |
| Amounts payable after more than one year | 17 | €54,569 | €42,211 | -€12,358 | -22.6% |
| Financial debts | 170/4 | €54,569 | €39,711 | -€14,858 | -27.2% |
| Other amounts payable | 178/9 | - | €2,500 | +€2,500 | |
| Amounts payable within one year | 42/48 | €328,640 | €358,920 | +€30,280 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €14,340 | €14,920 | +€580 | +4.0% |
| Financial debts | 43 | €1,153 | - | -€1,153 | |
| Credit institutions | 430/8 | €1,153 | - | -€1,153 | |
| Trade debts | 44 | €4,435 | €6,642 | +€2,206 | +49.7% |
| Suppliers | 440/4 | €4,435 | €6,642 | +€2,206 | +49.7% |
| Taxes, remuneration and social security | 45 | €32,974 | €42,141 | +€9,167 | +27.8% |
| Taxes | 450/3 | €505 | €505 | = | 0.0% |
| Remuneration and social security | 454/9 | €32,469 | €41,636 | +€9,167 | +28.2% |
| Other amounts payable | 47/48 | €275,738 | €295,218 | +€19,480 | +7.1% |
| Accrued charges and deferred income | 492/3 | €4,058 | - | -€4,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,853 | €7,853 | = | 0.0% |
| Other operating charges | 640/8 | €10,098 | €2,901 | -€7,196 | -71.3% |
| Gross operating margin | 9900 | -€70,883 | -€8,842 | +€62,041 | +87.5% |
| Operating profit (loss) | 9901 | -€88,833 | -€19,596 | +€69,237 | +77.9% |
| Financial income | 75/76B | €2,349 | €3,752 | +€1,403 | +59.7% |
| Recurring financial income | 75 | €2,349 | €3,752 | +€1,403 | +59.7% |
| Financial charges | 65/66B | €5,467 | €11,534 | +€6,067 | +111% |
| Recurring financial charges | 65 | €5,467 | €11,534 | +€6,067 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€91,951 | -€27,378 | +€64,574 | +70.2% |
| Profit (loss) for the period | 9904 | -€91,951 | -€27,378 | +€64,574 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,951 | -€27,378 | +€64,574 | +70.2% |
Next steps
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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.