SIDE UP: what changed
SIDE UP
Largest movements
- Cash -€131,498
down €131,498 (-54.8%), from €239,912 to €108,414
mainly Other debts (-€142,052) and Trade debts (-€6,880)
- Receivables within one year -€10,004
down €10,004 (-21.7%), from €46,004 to €36,000
- Tangible fixed assets -€8,457
down €8,457 (-83.1%), from €10,171 to €1,714
of which Furniture and vehicles: -€7,857
- Other debts -€142,052
down €142,052 (-83.7%), from €169,676 to €27,624
- Trade debts -€6,880
down €6,880 (-98.1%), from €7,012 to €132
- Gross operating margin +€15,864
up €15,864, from -€7,755 to €8,108
- Financial income -€8,414
down €8,414 (-97.0%), from €8,675 to €261
- Depreciation -€7,336
down €7,336 (-46.5%), from €15,793 to €8,457
- Other operating charges -€440
down €440 (-31.1%), from €1,415 to €975
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 | €302,925 | €152,758 | -€150,167 | -49.6% |
| Fixed assets | 21/28 | €16,171 | €7,714 | -€8,457 | -52.3% |
| Tangible fixed assets | 22/27 | €10,171 | €1,714 | -€8,457 | -83.1% |
| Furniture and vehicles | 24 | €8,071 | €214 | -€7,857 | -97.4% |
| Other tangible fixed assets | 26 | €2,100 | €1,500 | -€600 | -28.6% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €286,754 | €145,044 | -€141,710 | -49.4% |
| Amounts receivable within one year | 40/41 | €46,004 | €36,000 | -€10,004 | -21.7% |
| Other amounts receivable | 41 | €46,004 | €36,000 | -€10,004 | -21.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,912 | €108,414 | -€131,498 | -54.8% |
| Deferred charges and accrued income | 490/1 | €839 | €631 | -€208 | -24.8% |
| Total equity and liabilities | 10/49 | €302,925 | €152,758 | -€150,167 | -49.6% |
| Equity | 10/15 | €119,934 | €117,751 | -€2,183 | -1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,079 | €110,896 | -€2,183 | -1.9% |
| Amounts payable | 17/49 | €182,991 | €35,007 | -€147,984 | -80.9% |
| Amounts payable within one year | 42/48 | €182,991 | €35,007 | -€147,984 | -80.9% |
| Trade debts | 44 | €7,012 | €132 | -€6,880 | -98.1% |
| Suppliers | 440/4 | €7,012 | €132 | -€6,880 | -98.1% |
| Taxes, remuneration and social security | 45 | €6,303 | €7,251 | +€948 | +15.0% |
| Taxes | 450/3 | €6,303 | €7,251 | +€948 | +15.0% |
| Other amounts payable | 47/48 | €169,676 | €27,624 | -€142,052 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,793 | €8,457 | -€7,336 | -46.5% |
| Other operating charges | 640/8 | €1,415 | €975 | -€440 | -31.1% |
| Gross operating margin | 9900 | -€7,755 | €8,108 | +€15,864 | |
| Operating profit (loss) | 9901 | -€24,964 | -€1,324 | +€23,640 | +94.7% |
| Financial income | 75/76B | €8,675 | €261 | -€8,414 | -97.0% |
| Recurring financial income | 75 | €8,675 | €261 | -€8,414 | -97.0% |
| Financial charges | 65/66B | €265 | €301 | +€35 | +13.3% |
| Recurring financial charges | 65 | €265 | €301 | +€35 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,554 | -€1,363 | +€15,190 | +91.8% |
| Income taxes | 67/77 | €748 | €820 | +€72 | +9.6% |
| Profit (loss) for the period | 9904 | -€17,302 | -€2,183 | +€15,119 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,302 | -€2,183 | +€15,119 | +87.4% |
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 3 November 2026 via checked.be.