1807.be: 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.
1807.be
Largest movements
- Receivables within one year -€34,229
down €34,229 (-54.4%), from €62,900 to €28,671
of which Other amounts receivable: -€23,624
- Cash -€9,632
down €9,632 (-10.4%), from €92,523 to €82,891
mainly Contributions, distributions and other (-€117,647) and Investment in fixed assets (net) (-€14,000)
- Reserves -€78,869
down €78,869 (-47.5%), from €165,902 to €87,033
- Other debts +€32,516
new in 2025: €32,516
- Tax, wage and social debts +€20,742
up €20,742 (+145%), from €14,256 to €34,999
- Trade debts -€10,730
down €10,730 (-76.5%), from €14,030 to €3,300
- Debts after one year -€5,348
down €5,348 (-100%), from €5,348 to €0
- Gross operating margin -€25,433
down €25,433 (-27.6%), from €92,183 to €66,750
- Financial income -€5,344
down €5,344 (-99.7%), from €5,358 to €15
- Taxes -€4,801
down €4,801 (-25.2%), from €19,028 to €14,227
- Depreciation +€2,823
up €2,823 (+28.0%), from €10,082 to €12,905
- Financial charges -€958
down €958 (-86.5%), from €1,107 to €149
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 | €211,613 | €168,196 | -€43,417 | -20.5% |
| Fixed assets | 21/28 | €52,077 | €53,172 | +€1,095 | +2.1% |
| Tangible fixed assets | 22/27 | €52,077 | €53,172 | +€1,095 | +2.1% |
| Land and buildings | 22 | €39,990 | €35,614 | -€4,376 | -10.9% |
| Furniture and vehicles | 24 | €12,087 | €17,558 | +€5,472 | +45.3% |
| Current assets | 29/58 | €159,536 | €115,024 | -€44,512 | -27.9% |
| Amounts receivable within one year | 40/41 | €62,900 | €28,671 | -€34,229 | -54.4% |
| Trade receivables | 40 | €35,503 | €24,898 | -€10,605 | -29.9% |
| Other amounts receivable | 41 | €27,397 | €3,773 | -€23,624 | -86.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €92,523 | €82,891 | -€9,632 | -10.4% |
| Deferred charges and accrued income | 490/1 | €4,112 | €3,462 | -€651 | -15.8% |
| Total equity and liabilities | 10/49 | €211,613 | €168,196 | -€43,417 | -20.5% |
| Equity | 10/15 | €170,902 | €92,033 | -€78,869 | -46.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €165,902 | €87,033 | -€78,869 | -47.5% |
| Distributable reserves | 133 | €165,902 | €87,033 | -€78,869 | -47.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,711 | €76,163 | +€35,452 | +87.1% |
| Amounts payable after more than one year | 17 | €5,348 | €0 | -€5,348 | -100% |
| Financial debts | 170/4 | €5,348 | €0 | -€5,348 | -100% |
| Amounts payable within one year | 42/48 | €35,363 | €76,163 | +€40,800 | +115% |
| Current portion of amounts payable after more than one year | 42 | €7,076 | €5,348 | -€1,728 | -24.4% |
| Trade debts | 44 | €14,030 | €3,300 | -€10,730 | -76.5% |
| Suppliers | 440/4 | €14,030 | €3,300 | -€10,730 | -76.5% |
| Taxes, remuneration and social security | 45 | €14,256 | €34,999 | +€20,742 | +145% |
| Taxes | 450/3 | €14,256 | €34,999 | +€20,742 | +145% |
| Other amounts payable | 47/48 | - | €32,516 | +€32,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,082 | €12,905 | +€2,823 | +28.0% |
| Other operating charges | 640/8 | €1,649 | €706 | -€943 | -57.2% |
| Gross operating margin | 9900 | €92,183 | €66,750 | -€25,433 | -27.6% |
| Operating profit (loss) | 9901 | €80,452 | €53,139 | -€27,313 | -33.9% |
| Financial income | 75/76B | €5,358 | €15 | -€5,344 | -99.7% |
| Recurring financial income | 75 | €5,358 | €15 | -€5,344 | -99.7% |
| Financial charges | 65/66B | €1,107 | €149 | -€958 | -86.5% |
| Recurring financial charges | 65 | €1,107 | €149 | -€958 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €84,703 | €53,005 | -€31,698 | -37.4% |
| Income taxes | 67/77 | €19,028 | €14,227 | -€4,801 | -25.2% |
| Profit (loss) for the period | 9904 | €65,675 | €38,778 | -€26,897 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,675 | €38,778 | -€26,897 | -41.0% |
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 29 October 2026 via checked.be.