100% Nature: 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.
100% Nature
Largest movements
- Tangible fixed assets +€371,488
up €371,488 (+98.3%), from €377,905 to €749,393
of which Land and buildings: +€376,553
- Receivables within one year -€42,614
down €42,614 (-90.1%), from €47,303 to €4,690
of which Trade receivables: -€38,937
- Cash +€18,017
up €18,017 (+82.5%), from €21,846 to €39,863
mainly Debts after one year (+€294,426) and Other debts (+€57,645)
- Debts after one year +€294,426
up €294,426 (+212%), from €139,180 to €433,605
- Other debts +€57,645
up €57,645 (+45.4%), from €126,922 to €184,567
- Current portion of long-term debt +€17,329
up €17,329 (+93.9%), from €18,450 to €35,779
- Profit (loss) carried forward -€14,102
down €14,102 (-44.7%), from €31,554 to €17,452
- Gross operating margin -€18,252
down €18,252 (-22.3%), from €81,786 to €63,534
- Financial charges +€8,451
up €8,451 (+63.9%), from €13,220 to €21,671
- Taxes -€5,233
down €5,233 (-99.2%), from €5,276 to €43
- Depreciation +€4,195
up €4,195 (+8.8%), from €47,852 to €52,047
- Other operating charges +€3,616
up €3,616 (+41.1%), from €8,793 to €12,410
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 | €452,562 | €800,303 | +€347,741 | +76.8% |
| Formation expenses | 20 | €231 | €4 | -€227 | -98.4% |
| Fixed assets | 21/28 | €377,905 | €749,393 | +€371,488 | +98.3% |
| Tangible fixed assets | 22/27 | €377,905 | €749,393 | +€371,488 | +98.3% |
| Land and buildings | 22 | €358,744 | €735,296 | +€376,553 | +105% |
| Plant, machinery and equipment | 23 | €7,593 | €4,117 | -€3,475 | -45.8% |
| Furniture and vehicles | 24 | €11,569 | €9,979 | -€1,589 | -13.7% |
| Current assets | 29/58 | €74,426 | €50,907 | -€23,519 | -31.6% |
| Stocks and contracts in progress | 3 | €1,358 | €894 | -€465 | -34.2% |
| Stocks | 30/36 | €1,358 | €894 | -€465 | -34.2% |
| Amounts receivable within one year | 40/41 | €47,303 | €4,690 | -€42,614 | -90.1% |
| Trade receivables | 40 | €43,382 | €4,444 | -€38,937 | -89.8% |
| Other amounts receivable | 41 | €3,922 | €245 | -€3,676 | -93.7% |
| Cash at bank and in hand | 54/58 | €21,846 | €39,863 | +€18,017 | +82.5% |
| Deferred charges and accrued income | 490/1 | €3,918 | €5,460 | +€1,542 | +39.3% |
| Total equity and liabilities | 10/49 | €452,562 | €800,303 | +€347,741 | +76.8% |
| Equity | 10/15 | €121,809 | €101,068 | -€20,741 | -17.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,255 | €80,616 | -€6,639 | -7.6% |
| Tax-exempt reserves | 132 | €59,755 | €53,116 | -€6,639 | -11.1% |
| Distributable reserves | 133 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,554 | €17,452 | -€14,102 | -44.7% |
| Provisions and deferred taxes | 16 | €14,939 | €13,279 | -€1,660 | -11.1% |
| Deferred taxes | 168 | €14,939 | €13,279 | -€1,660 | -11.1% |
| Amounts payable | 17/49 | €315,814 | €685,957 | +€370,142 | +117% |
| Amounts payable after more than one year | 17 | €139,180 | €433,605 | +€294,426 | +212% |
| Financial debts | 170/4 | €139,180 | €433,605 | +€294,426 | +212% |
| Amounts payable within one year | 42/48 | €166,608 | €246,537 | +€79,929 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €18,450 | €35,779 | +€17,329 | +93.9% |
| Trade debts | 44 | €13,380 | €20,042 | +€6,661 | +49.8% |
| Suppliers | 440/4 | €13,380 | €20,042 | +€6,661 | +49.8% |
| Taxes, remuneration and social security | 45 | €7,856 | €6,150 | -€1,706 | -21.7% |
| Taxes | 450/3 | €7,856 | €6,150 | -€1,706 | -21.7% |
| Other amounts payable | 47/48 | €126,922 | €184,567 | +€57,645 | +45.4% |
| Accrued charges and deferred income | 492/3 | €10,026 | €5,814 | -€4,212 | -42.0% |
| Remuneration, social security and pensions | 62 | €1,299 | - | -€1,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,852 | €52,047 | +€4,195 | +8.8% |
| Other operating charges | 640/8 | €8,793 | €12,410 | +€3,616 | +41.1% |
| Gross operating margin | 9900 | €81,786 | €63,534 | -€18,252 | -22.3% |
| Operating profit (loss) | 9901 | €23,842 | -€923 | -€24,765 | |
| Financial income | 75/76B | €973 | €236 | -€737 | -75.8% |
| Recurring financial income | 75 | €73 | €75 | +€2 | +2.3% |
| Non-recurring financial income | 76B | €900 | €161 | -€739 | -82.1% |
| Financial charges | 65/66B | €13,220 | €21,671 | +€8,451 | +63.9% |
| Recurring financial charges | 65 | €13,220 | €21,671 | +€8,451 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €11,595 | -€22,359 | -€33,953 | |
| Transfer from deferred taxes | 780 | €1,660 | €1,660 | +€0 | 0.0% |
| Income taxes | 67/77 | €5,276 | €43 | -€5,233 | -99.2% |
| Profit (loss) for the period | 9904 | €7,979 | -€20,741 | -€28,720 | |
| Transfer from tax-exempt reserves | 789 | €6,639 | €6,639 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,618 | -€14,102 | -€28,720 |
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 23 October 2026 via checked.be.