LOOK MULTIMEDIA: 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.
LOOK MULTIMEDIA
Largest movements
- Tangible fixed assets +€369,806
up €369,806 (+292%), from €126,667 to €496,473
- Cash -€61,774
down €61,774 (-97.9%), from €63,121 to €1,347
mainly Investment in fixed assets (net) (-€415,960) and Deferred charges and accrued income (-€20,505)
- Deferred charges and accrued income +€20,505
up €20,505 (+379,723%), from €5 to €20,510
- Receivables within one year -€9,561
down €9,561 (-33.9%), from €28,193 to €18,632
of which Trade receivables: -€5,450
- Debts after one year +€219,653
up €219,653 (+1,542%), from €14,240 to €233,893
- Trade debts +€64,677
up €64,677 (+352%), from €18,391 to €83,069
- Accrued charges and deferred income +€34,790
new in 2025: €34,790
- Gross operating margin -€60,347
down €60,347 (-54.0%), from €111,796 to €51,449
- Depreciation -€50,528
down €50,528 (-52.3%), from €96,682 to €46,154
- Financial charges -€3,540
down €3,540 (-51.6%), from €6,862 to €3,322
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.
Derived cash bridge
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 | €219,387 | €538,362 | +€318,975 | +145% |
| Fixed assets | 21/28 | €128,067 | €497,873 | +€369,806 | +289% |
| Tangible fixed assets | 22/27 | €126,667 | €496,473 | +€369,806 | +292% |
| Other tangible fixed assets | 26 | €126,667 | €496,473 | +€369,806 | +292% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €91,320 | €40,489 | -€50,831 | -55.7% |
| Amounts receivable within one year | 40/41 | €28,193 | €18,632 | -€9,561 | -33.9% |
| Trade receivables | 40 | €22,204 | €16,754 | -€5,450 | -24.5% |
| Other amounts receivable | 41 | €5,989 | €1,878 | -€4,111 | -68.6% |
| Cash at bank and in hand | 54/58 | €63,121 | €1,347 | -€61,774 | -97.9% |
| Deferred charges and accrued income | 490/1 | €5 | €20,510 | +€20,505 | +379,723% |
| Total equity and liabilities | 10/49 | €219,387 | €538,362 | +€318,975 | +145% |
| Equity | 10/15 | €39,800 | €41,302 | +€1,502 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €19,340 | €20,842 | +€1,502 | +7.8% |
| Amounts payable | 17/49 | €179,587 | €497,060 | +€317,474 | +177% |
| Amounts payable after more than one year | 17 | €14,240 | €233,893 | +€219,653 | +1,542% |
| Financial debts | 170/4 | €14,240 | €233,893 | +€219,653 | +1,542% |
| Amounts payable within one year | 42/48 | €165,347 | €228,377 | +€63,031 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €111,726 | €110,079 | -€1,646 | -1.5% |
| Trade debts | 44 | €18,391 | €83,069 | +€64,677 | +352% |
| Suppliers | 440/4 | €18,391 | €83,069 | +€64,677 | +352% |
| Other amounts payable | 47/48 | €35,229 | €35,229 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €34,790 | +€34,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,682 | €46,154 | -€50,528 | -52.3% |
| Other operating charges | 640/8 | €793 | €475 | -€318 | -40.1% |
| Gross operating margin | 9900 | €111,796 | €51,449 | -€60,347 | -54.0% |
| Operating profit (loss) | 9901 | €14,321 | €4,820 | -€9,500 | -66.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €6,862 | €3,322 | -€3,540 | -51.6% |
| Recurring financial charges | 65 | €6,862 | €3,322 | -€3,540 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €7,459 | €1,502 | -€5,957 | -79.9% |
| Profit (loss) for the period | 9904 | €7,459 | €1,502 | -€5,957 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,459 | €1,502 | -€5,957 | -79.9% |
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 28 October 2026 via checked.be.