VAR DEVELOPMENT: what changed
What changed
VAR DEVELOPMENT
filed annual accounts (NBB)
Net result for the year
-€327
2024 · -€127-€199
Equity
-€1,947
2024 · -€1,620-€327
Cash
€7
2024 · €7+€0
Balance sheet total
€7
2024 · €7+€0
Largest movements
Assets
- Cash +€0
up €0 (+3.8%), from €7 to €7
mainly Other debts (+€327)
Equity and liabilities
- Other debts +€327
up €327 (+20.1%), from €1,626 to €1,953
- Profit (loss) carried forward -€327
down €327 (-1.6%), from -€20,220 to -€20,547
Income statement
- Financial charges +€141
new in 2025: €141
- Other operating charges +€120
new in 2025: €120
- Gross operating margin +€62
up €62 (+48.4%), from -€127 to -€66
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
-€127
Gross operating margin
+€62
Other operating charges
-€120
Financial charges
-€141
Result 2025
-€327
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
+€0
Investment
€0
Financing
€0
Cash 2024
€7
From operations (derived)
+€0
Net result for the year
-€327
Other debts
+€327
Cash 2025
€7
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7 | €7 | +€0 | +3.8% |
| Current assets | 29/58 | €7 | €7 | +€0 | +3.8% |
| Cash at bank and in hand | 54/58 | €7 | €7 | +€0 | +3.8% |
| Total equity and liabilities | 10/49 | €7 | €7 | +€0 | +3.8% |
| Equity | 10/15 | -€1,620 | -€1,947 | -€327 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,220 | -€20,547 | -€327 | -1.6% |
| Amounts payable | 17/49 | €1,626 | €1,953 | +€327 | +20.1% |
| Amounts payable within one year | 42/48 | €1,626 | €1,953 | +€327 | +20.1% |
| Other amounts payable | 47/48 | €1,626 | €1,953 | +€327 | +20.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | -€127 | -€66 | +€62 | +48.4% |
| Operating profit (loss) | 9901 | -€127 | -€186 | -€58 | -45.8% |
| Financial charges | 65/66B | - | €141 | +€141 | |
| Recurring financial charges | 65 | - | €141 | +€141 | |
| Profit (loss) for the period before taxes | 9903 | -€127 | -€327 | -€199 | -156% |
| Profit (loss) for the period | 9904 | -€127 | -€327 | -€199 | -156% |
| Profit (loss) for the period to be appropriated | 9905 | -€127 | -€327 | -€199 | -156% |
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 7 November 2026 via checked.be.