TOOLBOX: what changed
TOOLBOX
Largest movements
- Cash +€18,633
up €18,633 (+54.4%), from €34,247 to €52,880
mainly Debts within one year (+€10,840) and Net result for the year (+€6,193)
- Receivables within one year -€6,155
down €6,155 (-21.4%), from €28,825 to €22,670
of which Trade receivables: -€11,155
- Deferred charges and accrued income -€2,346
down €2,346 (-79.5%), from €2,949 to €604
- Intangible fixed assets -€919
down €919 (-56.1%), from €1,639 to €720
- Debts within one year +€10,840
up €10,840 (+47.8%), from €22,699 to €33,539
- Accrued charges and deferred income -€7,820
down €7,820 (-21.2%), from €36,820 to €29,000
- Profit (loss) carried forward +€6,193
up €6,193 (+11.6%), from -€53,370 to -€47,176
- Gross operating margin +€47,617
up €47,617, from -€38,709 to €8,908
- Depreciation -€12,098
down €12,098 (-92.9%), from €13,017 to €919
- Staff costs -€1,786
no longer reported in 2025 (was €1,786)
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 | €67,661 | €76,874 | +€9,213 | +13.6% |
| Fixed assets | 21/28 | €1,639 | €720 | -€919 | -56.1% |
| Intangible fixed assets | 21 | €1,639 | €720 | -€919 | -56.1% |
| Current assets | 29/58 | €66,021 | €76,154 | +€10,133 | +15.3% |
| Amounts receivable within one year | 40/41 | €28,825 | €22,670 | -€6,155 | -21.4% |
| Trade receivables | 40 | €18,825 | €7,670 | -€11,155 | -59.3% |
| Other amounts receivable | 41 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €34,247 | €52,880 | +€18,633 | +54.4% |
| Deferred charges and accrued income | 490/1 | €2,949 | €604 | -€2,346 | -79.5% |
| Total equity and liabilities | 10/49 | €67,661 | €76,874 | +€9,213 | +13.6% |
| Equity | 10/15 | €8,142 | €14,335 | +€6,193 | +76.1% |
| Contributions | 10/11 | €61,511 | €61,511 | = | 0.0% |
| Capital | 10 | €61,511 | €61,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,370 | -€47,176 | +€6,193 | +11.6% |
| Amounts payable | 17/49 | €59,519 | €62,539 | +€3,020 | +5.1% |
| Amounts payable within one year | 42/48 | €22,699 | €33,539 | +€10,840 | +47.8% |
| Trade debts | 44 | €5,699 | €17,289 | +€11,590 | +203% |
| Suppliers | 440/4 | €5,699 | €17,289 | +€11,590 | +203% |
| Accrued charges and deferred income | 492/3 | €36,820 | €29,000 | -€7,820 | -21.2% |
| Non-recurring operating income | 76A | €1,548 | €708 | -€840 | -54.2% |
| Remuneration, social security and pensions | 62 | €1,786 | - | -€1,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,017 | €919 | -€12,098 | -92.9% |
| Other operating charges | 640/8 | €1,678 | €1,422 | -€256 | -15.3% |
| Gross operating margin | 9900 | -€38,709 | €8,908 | +€47,617 | |
| Operating profit (loss) | 9901 | -€55,191 | €6,566 | +€61,757 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €248 | €373 | +€124 | +50.1% |
| Recurring financial charges | 65 | €248 | €373 | +€124 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,438 | €6,193 | +€61,632 | |
| Profit (loss) for the period | 9904 | -€55,438 | €6,193 | +€61,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,438 | €6,193 | +€61,632 |
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 1 November 2026 via checked.be.