SAMARY: what changed
SAMARY
Largest movements
- Cash -€3,992
down €3,992 (-77.1%), from €5,178 to €1,186
mainly Net result for the year (-€18,719) and Investment in fixed assets (net) (-€875)
- Tangible fixed assets -€3,353
down €3,353 (-25.5%), from €13,165 to €9,812
- Receivables within one year -€1,469
down €1,469 (-61.2%), from €2,399 to €930
of which Other amounts receivable: -€2,399
- Profit (loss) carried forward -€18,719
down €18,719 (-78.7%), from -€23,798 to -€42,518
- Other debts +€6,904
up €6,904 (+16.0%), from €43,041 to €49,945
- Advances received +€1,125
new in 2025: €1,125
- Trade debts +€977
up €977, from €0 to €977
- Tax, wage and social debts +€899
up €899, from €0 to €899
- Gross operating margin +€8,052
up €8,052 (+36.1%), from -€22,303 to -€14,251
- Depreciation +€555
up €555 (+15.1%), from €3,673 to €4,228
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 | €20,743 | €11,928 | -€8,814 | -42.5% |
| Fixed assets | 21/28 | €13,165 | €9,812 | -€3,353 | -25.5% |
| Tangible fixed assets | 22/27 | €13,165 | €9,812 | -€3,353 | -25.5% |
| Furniture and vehicles | 24 | €13,165 | €9,812 | -€3,353 | -25.5% |
| Current assets | 29/58 | €7,578 | €2,116 | -€5,462 | -72.1% |
| Amounts receivable within one year | 40/41 | €2,399 | €930 | -€1,469 | -61.2% |
| Trade receivables | 40 | €0 | €930 | +€930 | |
| Other amounts receivable | 41 | €2,399 | €0 | -€2,399 | -100% |
| Cash at bank and in hand | 54/58 | €5,178 | €1,186 | -€3,992 | -77.1% |
| Total equity and liabilities | 10/49 | €20,743 | €11,928 | -€8,814 | -42.5% |
| Equity | 10/15 | -€22,298 | -€41,018 | -€18,719 | -83.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,798 | -€42,518 | -€18,719 | -78.7% |
| Amounts payable | 17/49 | €43,041 | €52,946 | +€9,905 | +23.0% |
| Amounts payable within one year | 42/48 | €43,041 | €52,946 | +€9,905 | +23.0% |
| Trade debts | 44 | €0 | €977 | +€977 | |
| Suppliers | 440/4 | €0 | €977 | +€977 | |
| Advances received on contracts in progress | 46 | - | €1,125 | +€1,125 | |
| Taxes, remuneration and social security | 45 | €0 | €899 | +€899 | |
| Taxes | 450/3 | €0 | €899 | +€899 | |
| Other amounts payable | 47/48 | €43,041 | €49,945 | +€6,904 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €4,228 | +€555 | +15.1% |
| Other operating charges | 640/8 | €183 | €186 | +€4 | +2.0% |
| Gross operating margin | 9900 | -€22,303 | -€14,251 | +€8,052 | +36.1% |
| Operating profit (loss) | 9901 | -€26,159 | -€18,665 | +€7,494 | +28.6% |
| Financial charges | 65/66B | €28 | €54 | +€26 | +93.3% |
| Recurring financial charges | 65 | €28 | €54 | +€26 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,187 | -€18,719 | +€7,468 | +28.5% |
| Profit (loss) for the period | 9904 | -€26,187 | -€18,719 | +€7,468 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,187 | -€18,719 | +€7,468 | +28.5% |
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.