2-2-2: 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.
2-2-2
Largest movements
- Tangible fixed assets -€26,065
down €26,065 (-3.4%), from €769,523 to €743,457
of which Land and buildings: -€26,588
- Receivables within one year -€13,716
down €13,716 (-78.7%), from €17,436 to €3,720
of which Other amounts receivable: -€10,946
- Debts after one year -€66,940
down €66,940 (-30.3%), from €220,588 to €153,648
- Other debts +€27,768
up €27,768 (+198.9%), from €13,962 to €41,731
- Trade debts -€8,339
down €8,339 (-24.8%), from €33,610 to €25,271
- Financial charges -€6,542
down €6,542 (-33.4%), from €19,597 to €13,056
- Gross operating margin -€5,541
down €5,541 (-2.6%), from €214,587 to €209,046
- Staff costs +€5,187
up €5,187 (+3.7%), from €138,694 to €143,881
- Depreciation +€5,139
up €5,139 (+14.0%), from €36,657 to €41,796
- Taxes -€4,669
down €4,669 (-45.9%), from €10,178 to €5,510
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 | €810,217 | €772,241 | -€37,976 | -4.7% |
| Fixed assets | 21/28 | €769,523 | €743,457 | -€26,065 | -3.4% |
| Tangible fixed assets | 22/27 | €769,523 | €743,457 | -€26,065 | -3.4% |
| Land and buildings | 22 | €759,266 | €732,679 | -€26,588 | -3.5% |
| Plant, machinery and equipment | 23 | €6,570 | €6,192 | -€379 | -5.8% |
| Furniture and vehicles | 24 | €3,686 | €4,587 | +€901 | +24.4% |
| Current assets | 29/58 | €40,694 | €28,784 | -€11,910 | -29.3% |
| Amounts receivable within one year | 40/41 | €17,436 | €3,720 | -€13,716 | -78.7% |
| Trade receivables | 40 | €2,770 | €0 | -€2,770 | -100.0% |
| Other amounts receivable | 41 | €14,666 | €3,720 | -€10,946 | -74.6% |
| Cash at bank and in hand | 54/58 | €20,972 | €18,948 | -€2,024 | -9.7% |
| Deferred charges and accrued income | 490/1 | €2,286 | €6,116 | +€3,830 | +167.6% |
| Total equity and liabilities | 10/49 | €810,217 | €772,241 | -€37,976 | -4.7% |
| Equity | 10/15 | €413,175 | €416,465 | +€3,290 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €394,575 | €397,865 | +€3,290 | +0.8% |
| Distributable reserves | 133 | €394,575 | €397,865 | +€3,290 | +0.8% |
| Amounts payable | 17/49 | €397,042 | €355,776 | -€41,265 | -10.4% |
| Amounts payable after more than one year | 17 | €220,588 | €153,648 | -€66,940 | -30.3% |
| Financial debts | 170/4 | €220,588 | €153,648 | -€66,940 | -30.3% |
| Amounts payable within one year | 42/48 | €176,454 | €201,574 | +€25,120 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €66,489 | €71,454 | +€4,964 | +7.5% |
| Trade debts | 44 | €33,610 | €25,271 | -€8,339 | -24.8% |
| Suppliers | 440/4 | €33,610 | €25,271 | -€8,339 | -24.8% |
| Taxes, remuneration and social security | 45 | €62,393 | €63,119 | +€726 | +1.2% |
| Taxes | 450/3 | €38,538 | €32,316 | -€6,222 | -16.1% |
| Remuneration and social security | 454/9 | €23,855 | €30,803 | +€6,948 | +29.1% |
| Other amounts payable | 47/48 | €13,962 | €41,731 | +€27,768 | +198.9% |
| Accrued charges and deferred income | 492/3 | - | €555 | +€555 | |
| Remuneration, social security and pensions | 62 | €138,694 | €143,881 | +€5,187 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,657 | €41,796 | +€5,139 | +14.0% |
| Other operating charges | 640/8 | €2,019 | €1,661 | -€357 | -17.7% |
| Gross operating margin | 9900 | €214,587 | €209,046 | -€5,541 | -2.6% |
| Operating profit (loss) | 9901 | €37,218 | €21,708 | -€15,510 | -41.7% |
| Financial income | 75/76B | €3,106 | €147 | -€2,959 | -95.3% |
| Recurring financial income | 75 | €3,106 | €147 | -€2,959 | -95.3% |
| Financial charges | 65/66B | €19,597 | €13,056 | -€6,542 | -33.4% |
| Recurring financial charges | 65 | €19,597 | €13,056 | -€6,542 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €20,727 | €8,799 | -€11,927 | -57.5% |
| Income taxes | 67/77 | €10,178 | €5,510 | -€4,669 | -45.9% |
| Profit (loss) for the period | 9904 | €10,549 | €3,290 | -€7,259 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,549 | €3,290 | -€7,259 | -68.8% |
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 4 October 2026 via checked.be.