FY 2025 / Ledger Report Closed

Going Concern

Reporting period: 01 Jan 2025 - 31 Dec 2025  /  Entity: Bill  /  Episodes: 11 recorded

Opening net worth+3,315
Closing net worth+5,957
FY change+2,642
Episodes recorded11

Opening balance / 01 Jan 2025

FY 2025 opens with 3,315 euro in net worth (2,970 in liquid savings, a smartphone at book value 345) and zero liabilities. Bill is 24, still living with his parents, earning 900 net per month. The surplus of 495 per month continues through August 2025.

The defining event of this year is September 2025: a new job at 1,400 net requires relocating to a shared flat at 600 euro per month. The security deposit alone is 1,200 euro (two months rent, recoverable in full). From that point, the monthly surplus drops from 495 to 185 euro.

Bill earns 56% more. He saves 63% less per month. The accounting concept at the centre of this year is not income: it is structural cost. Independence has a fixed price that income alone does not explain.

Statement of Financial Position

Statement of Financial Position As at Dec 2025 vs Jan 2025 (opening) / EUR
Line item Dec 2025 Jan 2025
Property, plant and equipment (net)213345
Total non-current assets213345
Cash and cash equivalents4,5442,970
Security deposits1,2000
Total current assets5,7442,970
Short-term obligations00
Total current liabilities00
Total assets5,9573,315
Net assets / Equity5,9573,315
Liabilities0

Net worth+3,315
Monthly income900
Monthly surplus+495
Ledger entries / FY 2025 11 entries / all recorded

EP.10

Closing FY 2024: one year from zero

Annual Financial Closing / FY 2024 diagnostic Open

EP.11

Should he invest his savings?

Opportunity Cost Evaluation diagnostic Open

EP.12

Gym membership: worth it?

Sunk Cost Decision Analysis -90 Open

EP.13

Holiday with friends: CapEx or OpEx?

Asset vs Expense Classification -600 Open

EP.14

A better job offer arrives

Opportunity Cost Evaluation diagnostic Open

EP.15

Preparing the move: the hidden costs

Financing Impact Assessment diagnostic Open

EP.16

What does independence actually cost?

Structural Liquidity Assessment diagnostic Open
Jul-Aug 2025 / Non-reporting period (system inactive) / Bill works and saves: +495/mo both months

EP.17 / Pivot

New job, new city, new flat: the relocation ledger

Lease Accounting Treatment (IFRS 16) 0 / reclass Open

EP.18

First month on his own: the real cost

Budget Variance Analysis diagnostic Open

EP.19

He earns more. He saves less.

Lifestyle Inflation Impact diagnostic Open

EP.20

Savings growing, but slower. Is the trajectory right?

Multi-Year Equity Evolution diagnostic Open
Mid-Dec 2025 to mid-Jan 2026 / Non-reporting period (system inactive) / Dec: surplus 100, Christmas -400

FY closing status

FY 2025 closed. Annual closing recorded in EP.21, 19 Jan 2026.

The year closes with 4,544 euro in liquid savings, a rental deposit of 1,200 (recoverable), and a smartphone at book value 213. Total net worth: +5,957. The year added 1,574 to liquid savings despite a temporary deficit after the move, a lifestyle-inflation episode in October, and a Christmas that ran 400 over plan. The monthly surplus fell from 495 to a corrected 100 by December, after turning negative from September to November. The structural shift is permanent for as long as Bill stays in the flat.

Read the annual closing / EP.21

Bill's vitals / FY 2025 closing

CASH48%
EQUITY55%
STRESS62%
FUTURE52%