1M_2: what changed
What changed
1M_2
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€834
2024 · €265+€569
Equity
€635,641
2024 · €634,807+€834
Cash
€620,721
2024 · €822,061-€201,340
Balance sheet total
€2.4m
2024 · €2.6m-€190,157
Largest movements
Assets
- Cash -€201,340
down €201,340 (-24.5%), from €822,061 to €620,721
mainly Other debts (-€194,200) and Receivables within one year (-€10,255)
Equity and liabilities
- Other debts -€194,200
down €194,200 (-15.6%), from €1.2m to €1.0m
Income statement
- Financial income +€987
up €987 (+4.0%), from €24,714 to €25,701
- Gross operating margin -€595
down €595 (-1.0%), from €59,286 to €58,691
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€265
Gross operating margin
-€595
Other operating charges
+€52
Financial income
+€987
Financial charges
+€139
Taxes
-€14
Result 2025
€834
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€201,340
Investment
€0
Financing
€0
Cash 2024
€822,061
From operations (derived)
-€201,340
Net result for the year
+€834
Receivables within one year
-€10,255
Deferred charges and accrued income
-€928
Trade debts
-€115
Tax, wage and social debts
+€3,324
Other debts
-€194,200
Cash 2025
€620,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,576,717 | €2,386,560 | -€190,157 | -7.4% |
| Fixed assets | 21/28 | €1,083,280 | €1,083,280 | = | 0.0% |
| Financial fixed assets | 28 | €1,083,280 | €1,083,280 | = | 0.0% |
| Current assets | 29/58 | €1,493,437 | €1,303,280 | -€190,157 | -12.7% |
| Amounts receivable within one year | 40/41 | €671,376 | €681,631 | +€10,255 | +1.5% |
| Trade receivables | 40 | €40,000 | €25,000 | -€15,000 | -37.5% |
| Other amounts receivable | 41 | €631,376 | €656,631 | +€25,255 | +4.0% |
| Cash at bank and in hand | 54/58 | €822,061 | €620,721 | -€201,340 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €928 | +€928 | |
| Total equity and liabilities | 10/49 | €2,576,717 | €2,386,560 | -€190,157 | -7.4% |
| Equity | 10/15 | €634,807 | €635,641 | +€834 | +0.1% |
| Contributions | 10/11 | €608,790 | €608,790 | = | 0.0% |
| Reserves | 13 | €26,017 | €26,852 | +€834 | +3.2% |
| Distributable reserves | 133 | €26,017 | €26,852 | +€834 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,941,910 | €1,750,919 | -€190,991 | -9.8% |
| Amounts payable after more than one year | 17 | €693,000 | €693,000 | = | 0.0% |
| Financial debts | 170/4 | €693,000 | €693,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,246,022 | €1,055,031 | -€190,991 | -15.3% |
| Trade debts | 44 | €3,068 | €2,952 | -€115 | -3.8% |
| Suppliers | 440/4 | €3,068 | €2,952 | -€115 | -3.8% |
| Taxes, remuneration and social security | 45 | €825 | €4,149 | +€3,324 | +403% |
| Taxes | 450/3 | €825 | €1,663 | +€839 | +102% |
| Remuneration and social security | 454/9 | €0 | €2,486 | +€2,486 | |
| Other amounts payable | 47/48 | €1,242,130 | €1,047,930 | -€194,200 | -15.6% |
| Accrued charges and deferred income | 492/3 | €2,888 | €2,888 | = | 0.0% |
| Other operating charges | 640/8 | €1,271 | €1,218 | -€52 | -4.1% |
| Gross operating margin | 9900 | €59,286 | €58,691 | -€595 | -1.0% |
| Operating profit (loss) | 9901 | €58,016 | €57,473 | -€543 | -0.9% |
| Financial income | 75/76B | €24,714 | €25,701 | +€987 | +4.0% |
| Recurring financial income | 75 | €24,714 | €25,701 | +€987 | +4.0% |
| Financial charges | 65/66B | €81,640 | €81,501 | -€139 | -0.2% |
| Recurring financial charges | 65 | €81,640 | €81,501 | -€139 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,090 | €1,673 | +€583 | +53.5% |
| Income taxes | 67/77 | €825 | €839 | +€14 | +1.7% |
| Profit (loss) for the period | 9904 | €265 | €834 | +€569 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €265 | €834 | +€569 | +215% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.