1975: 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.
1975
Largest movements
- Tangible fixed assets -€5,974
down €5,974 (-5.2%), from €113,982 to €108,009
of which Land and buildings: -€4,725
- Debts after one year -€14,032
down €14,032 (-19.5%), from €71,800 to €57,769
- Profit (loss) carried forward +€5,283
up €5,283 (+26.3%), from €20,052 to €25,335
- Tax, wage and social debts +€1,923
up €1,923 (+94.7%), from €2,031 to €3,955
- Gross operating margin -€665
down €665 (-3.8%), from €17,591 to €16,925
- Financial charges -€429
down €429 (-11.4%), from €3,775 to €3,345
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,946 | €109,040 | -€5,906 | -5.1% |
| Fixed assets | 21/28 | €113,982 | €108,009 | -€5,974 | -5.2% |
| Tangible fixed assets | 22/27 | €113,982 | €108,009 | -€5,974 | -5.2% |
| Land and buildings | 22 | €108,987 | €104,262 | -€4,725 | -4.3% |
| Plant, machinery and equipment | 23 | €4,995 | €3,746 | -€1,249 | -25.0% |
| Current assets | 29/58 | €964 | €1,032 | +€68 | +7.0% |
| Amounts receivable within one year | 40/41 | €964 | €1,032 | +€68 | +7.0% |
| Trade receivables | 40 | €964 | €1,032 | +€68 | +7.0% |
| Total equity and liabilities | 10/49 | €114,946 | €109,040 | -€5,906 | -5.1% |
| Equity | 10/15 | €26,252 | €31,535 | +€5,283 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,052 | €25,335 | +€5,283 | +26.3% |
| Amounts payable | 17/49 | €88,694 | €77,505 | -€11,189 | -12.6% |
| Amounts payable after more than one year | 17 | €71,800 | €57,769 | -€14,032 | -19.5% |
| Financial debts | 170/4 | €71,800 | €57,769 | -€14,032 | -19.5% |
| Amounts payable within one year | 42/48 | €16,425 | €19,248 | +€2,822 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €13,495 | €14,032 | +€536 | +4.0% |
| Financial debts | 43 | €594 | €599 | +€5 | +0.8% |
| Credit institutions | 430/8 | €594 | €599 | +€5 | +0.8% |
| Trade debts | 44 | €305 | €663 | +€358 | +117.3% |
| Suppliers | 440/4 | €305 | €663 | +€358 | +117.3% |
| Taxes, remuneration and social security | 45 | €2,031 | €3,955 | +€1,923 | +94.7% |
| Taxes | 450/3 | €2,031 | €3,955 | +€1,923 | +94.7% |
| Accrued charges and deferred income | 492/3 | €469 | €489 | +€20 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,974 | €5,974 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,591 | €16,925 | -€665 | -3.8% |
| Operating profit (loss) | 9901 | €11,229 | €10,552 | -€678 | -6.0% |
| Financial charges | 65/66B | €3,775 | €3,345 | -€429 | -11.4% |
| Recurring financial charges | 65 | €3,775 | €3,345 | -€429 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €7,455 | €7,206 | -€249 | -3.3% |
| Income taxes | 67/77 | €2,031 | €1,923 | -€108 | -5.3% |
| Profit (loss) for the period | 9904 | €5,423 | €5,283 | -€140 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,423 | €5,283 | -€140 | -2.6% |
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 2 October 2026 via checked.be.