1515: what changed
Two fiscal 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.
1515
Largest movements
- Cash +€7,771
up €7,771 (+60.7%), from €12,811 to €20,581
mainly Accrued charges and deferred income (+€3,353) and Net result for the year (+€3,102)
- Tangible fixed assets -€2,411
down €2,411 (-8.9%), from €26,971 to €24,560
of which Land and buildings: -€2,165
- Deferred charges and accrued income +€1,951
up €1,951 (+206.1%), from €947 to €2,897
- Receivables within one year +€890
up €890 (+28.6%), from €3,110 to €4,000
- Accrued charges and deferred income +€3,353
new in 2025: €3,353
- Reserves +€3,102
up €3,102 (+16.3%), from €19,058 to €22,160
of which Distributable reserves: +€3,102
- Tax, wage and social debts +€1,571
up €1,571 (+118.9%), from €1,322 to €2,893
of which Taxes: +€2,893
- Gross operating margin +€1,341
up €1,341 (+17.0%), from €7,889 to €9,230
- Other operating charges +€451
up €451 (+27.5%), from €1,644 to €2,095
- Taxes +€249
up €249 (+18.9%), from €1,322 to €1,571
- Depreciation +€115
up €115 (+5.0%), from €2,296 to €2,411
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.
Cash bridge derived
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 | €44,639 | €52,838 | +€8,200 | +18.4% |
| Fixed assets | 21/28 | €26,971 | €24,560 | -€2,411 | -8.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €26,971 | €24,560 | -€2,411 | -8.9% |
| Land and buildings | 22 | €25,047 | €22,882 | -€2,165 | -8.6% |
| Plant, machinery and equipment | 23 | €1,924 | €1,678 | -€246 | -12.8% |
| Current assets | 29/58 | €17,667 | €28,278 | +€10,611 | +60.1% |
| Amounts receivable after more than one year | 29 | €800 | €800 | = | 0.0% |
| Trade receivables | 290 | €800 | €800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,110 | €4,000 | +€890 | +28.6% |
| Trade receivables | 40 | €3,110 | €4,000 | +€890 | +28.6% |
| Cash at bank and in hand | 54/58 | €12,811 | €20,581 | +€7,771 | +60.7% |
| Deferred charges and accrued income | 490/1 | €947 | €2,897 | +€1,951 | +206.1% |
| Total equity and liabilities | 10/49 | €44,639 | €52,838 | +€8,200 | +18.4% |
| Equity | 10/15 | €42,907 | €46,009 | +€3,102 | +7.2% |
| Contributions | 10/11 | €14,386 | €14,386 | = | 0.0% |
| Reserves | 13 | €19,058 | €22,160 | +€3,102 | +16.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,198 | €20,300 | +€3,102 | +18.0% |
| Profit (loss) carried forward | 14 | €9,462 | €9,462 | = | 0.0% |
| Amounts payable | 17/49 | €1,732 | €6,830 | +€5,098 | +294.4% |
| Amounts payable within one year | 42/48 | €1,732 | €3,477 | +€1,745 | +100.8% |
| Trade debts | 44 | €410 | €584 | +€174 | +42.5% |
| Suppliers | 440/4 | €410 | €584 | +€174 | +42.5% |
| Taxes, remuneration and social security | 45 | €1,322 | €2,893 | +€1,571 | +118.9% |
| Taxes | 450/3 | - | €2,893 | +€2,893 | |
| Remuneration and social security | 454/9 | €1,322 | €0 | -€1,322 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €3,353 | +€3,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €2,411 | +€115 | +5.0% |
| Other operating charges | 640/8 | €1,644 | €2,095 | +€451 | +27.5% |
| Gross operating margin | 9900 | €7,889 | €9,230 | +€1,341 | +17.0% |
| Operating profit (loss) | 9901 | €3,949 | €4,723 | +€774 | +19.6% |
| Financial charges | 65/66B | €45 | €50 | +€5 | +12.1% |
| Recurring financial charges | 65 | €45 | €50 | +€5 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €3,904 | €4,673 | +€769 | +19.7% |
| Income taxes | 67/77 | €1,322 | €1,571 | +€249 | +18.9% |
| Profit (loss) for the period | 9904 | €2,582 | €3,102 | +€520 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | €3,102 | +€520 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.