1763 MANAGEMENT: 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.
1763 MANAGEMENT
Largest movements
- Receivables within one year -€62,014
down €62,014 (-41.0%), from €151,434 to €89,420
of which Other amounts receivable: -€31,699
- Cash +€34,178
up €34,178 (+32.0%), from €106,746 to €140,924
mainly Net result for the year (+€126,150) and Other debts (+€88,231)
- Tangible fixed assets -€17,517
down €17,517 (-24.3%), from €72,205 to €54,688
of which Furniture and vehicles: -€15,873
- Other debts +€88,231
up €88,231 (+69.2%), from €127,500 to €215,731
- Reserves -€83,990
down €83,990 (-97.8%), from €85,850 to €1,860
of which Tax-exempt reserves: -€83,990
- Tax, wage and social debts -€26,101
down €26,101 (-64.3%), from €40,623 to €14,522
- Debts after one year -€14,572
down €14,572 (-49.1%), from €29,676 to €15,104
- Profit (loss) carried forward -€5,591
down €5,591 (-51.3%), from €10,897 to €5,306
- Gross operating margin -€35,771
down €35,771 (-16.1%), from €221,659 to €185,888
- Taxes -€7,866
down €7,866 (-15.5%), from €50,679 to €42,812
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 | €331,328 | €287,654 | -€43,673 | -13.2% |
| Fixed assets | 21/28 | €72,205 | €54,688 | -€17,517 | -24.3% |
| Tangible fixed assets | 22/27 | €72,205 | €54,688 | -€17,517 | -24.3% |
| Land and buildings | 22 | €6,371 | €4,727 | -€1,644 | -25.8% |
| Furniture and vehicles | 24 | €57,438 | €41,565 | -€15,873 | -27.6% |
| Other tangible fixed assets | 26 | €8,396 | €8,396 | = | 0.0% |
| Current assets | 29/58 | €259,123 | €232,966 | -€26,156 | -10.1% |
| Amounts receivable within one year | 40/41 | €151,434 | €89,420 | -€62,014 | -41.0% |
| Trade receivables | 40 | €63,440 | €33,125 | -€30,315 | -47.8% |
| Other amounts receivable | 41 | €87,994 | €56,295 | -€31,699 | -36.0% |
| Cash at bank and in hand | 54/58 | €106,746 | €140,924 | +€34,178 | +32.0% |
| Deferred charges and accrued income | 490/1 | €943 | €2,623 | +€1,680 | +178% |
| Total equity and liabilities | 10/49 | €331,328 | €287,654 | -€43,673 | -13.2% |
| Equity | 10/15 | €115,347 | €25,766 | -€89,581 | -77.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,850 | €1,860 | -€83,990 | -97.8% |
| Tax-exempt reserves | 132 | €83,990 | €0 | -€83,990 | -100% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,897 | €5,306 | -€5,591 | -51.3% |
| Amounts payable | 17/49 | €215,981 | €261,888 | +€45,907 | +21.3% |
| Amounts payable after more than one year | 17 | €29,676 | €15,104 | -€14,572 | -49.1% |
| Financial debts | 170/4 | €29,676 | €15,104 | -€14,572 | -49.1% |
| Amounts payable within one year | 42/48 | €186,305 | €246,785 | +€60,479 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €16,561 | €15,871 | -€690 | -4.2% |
| Trade debts | 44 | €1,622 | €661 | -€961 | -59.2% |
| Suppliers | 440/4 | €1,622 | €661 | -€961 | -59.2% |
| Taxes, remuneration and social security | 45 | €40,623 | €14,522 | -€26,101 | -64.3% |
| Taxes | 450/3 | €40,623 | €14,522 | -€26,101 | -64.3% |
| Other amounts payable | 47/48 | €127,500 | €215,731 | +€88,231 | +69.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,104 | €17,517 | +€413 | +2.4% |
| Other operating charges | 640/8 | €3,163 | €1,346 | -€1,817 | -57.5% |
| Non-recurring operating charges | 66A | €305 | €0 | -€305 | -100% |
| Gross operating margin | 9900 | €221,659 | €185,888 | -€35,771 | -16.1% |
| Operating profit (loss) | 9901 | €201,087 | €167,025 | -€34,062 | -16.9% |
| Financial income | 75/76B | €4,239 | €3,743 | -€496 | -11.7% |
| Recurring financial income | 75 | €4,239 | €3,743 | -€496 | -11.7% |
| Financial charges | 65/66B | €2,228 | €1,806 | -€422 | -19.0% |
| Recurring financial charges | 65 | €2,228 | €1,806 | -€422 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €203,098 | €168,962 | -€34,136 | -16.8% |
| Income taxes | 67/77 | €50,679 | €42,812 | -€7,866 | -15.5% |
| Profit (loss) for the period | 9904 | €152,419 | €126,150 | -€26,269 | -17.2% |
| Transfer from tax-exempt reserves | 789 | - | €83,990 | +€83,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,419 | €210,140 | +€57,720 | +37.9% |
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 26 October 2026 via checked.be.