22B: 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.
22B
Largest movements
- Tangible fixed assets -€36,463
down €36,463 (-5.8%), from €623,598 to €587,135
of which Land and buildings: -€35,728
- Cash -€32,577
down €32,577 (-41.2%), from €79,078 to €46,502
mainly Current portion of long-term debt (-€101,930) and Debts after one year (-€25,457)
- Stocks and contracts -€8,434
down €8,434 (-37.7%), from €22,362 to €13,928
- Current portion of long-term debt -€101,930
down €101,930 (-80.0%), from €127,387 to €25,457
- Other debts +€31,841
up €31,841 (+1,970%), from €1,617 to €33,457
- Debts after one year -€25,457
down €25,457 (-4.2%), from €603,235 to €577,778
- Profit (loss) carried forward +€12,192
up €12,192 (+30.7%), from -€39,722 to -€27,530
- Gross operating margin -€7,108
down €7,108 (-5.5%), from €129,893 to €122,785
- Financial charges -€3,633
down €3,633 (-12.2%), from €29,778 to €26,145
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 | €729,355 | €647,706 | -€81,649 | -11.2% |
| Fixed assets | 21/28 | €623,598 | €587,135 | -€36,463 | -5.8% |
| Tangible fixed assets | 22/27 | €623,598 | €587,135 | -€36,463 | -5.8% |
| Land and buildings | 22 | €593,992 | €558,265 | -€35,728 | -6.0% |
| Plant, machinery and equipment | 23 | €29,434 | €28,870 | -€564 | -1.9% |
| Furniture and vehicles | 24 | €171 | €0 | -€171 | -100% |
| Current assets | 29/58 | €105,757 | €60,571 | -€45,186 | -42.7% |
| Stocks and contracts in progress | 3 | €22,362 | €13,928 | -€8,434 | -37.7% |
| Stocks | 30/36 | €22,362 | €13,928 | -€8,434 | -37.7% |
| Amounts receivable within one year | 40/41 | €2,884 | €142 | -€2,743 | -95.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,884 | €142 | -€2,743 | -95.1% |
| Cash at bank and in hand | 54/58 | €79,078 | €46,502 | -€32,577 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,432 | €0 | -€1,432 | -100% |
| Total equity and liabilities | 10/49 | €729,355 | €647,706 | -€81,649 | -11.2% |
| Equity | 10/15 | -€19,038 | -€6,846 | +€12,192 | +64.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €684 | €684 | = | 0.0% |
| Tax-exempt reserves | 132 | €184 | €184 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,722 | -€27,530 | +€12,192 | +30.7% |
| Amounts payable | 17/49 | €748,393 | €654,552 | -€93,841 | -12.5% |
| Amounts payable after more than one year | 17 | €603,235 | €577,778 | -€25,457 | -4.2% |
| Financial debts | 170/4 | €603,235 | €577,778 | -€25,457 | -4.2% |
| Amounts payable within one year | 42/48 | €145,158 | €76,774 | -€68,384 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €127,387 | €25,457 | -€101,930 | -80.0% |
| Trade debts | 44 | €10,199 | €11,626 | +€1,427 | +14.0% |
| Suppliers | 440/4 | €10,199 | €11,626 | +€1,427 | +14.0% |
| Taxes, remuneration and social security | 45 | €5,956 | €6,233 | +€277 | +4.7% |
| Taxes | 450/3 | €3,326 | €2,981 | -€345 | -10.4% |
| Remuneration and social security | 454/9 | €2,630 | €3,253 | +€623 | +23.7% |
| Other amounts payable | 47/48 | €1,617 | €33,457 | +€31,841 | +1,970% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,248 | €28,888 | +€640 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,645 | €43,249 | +€604 | +1.4% |
| Other operating charges | 640/8 | €13,431 | €12,586 | -€846 | -6.3% |
| Gross operating margin | 9900 | €129,893 | €122,785 | -€7,108 | -5.5% |
| Operating profit (loss) | 9901 | €45,569 | €38,063 | -€7,507 | -16.5% |
| Financial income | 75/76B | €183 | €274 | +€91 | +50.0% |
| Recurring financial income | 75 | €183 | €274 | +€91 | +50.0% |
| Financial charges | 65/66B | €29,778 | €26,145 | -€3,633 | -12.2% |
| Recurring financial charges | 65 | €29,778 | €26,145 | -€3,633 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €15,974 | €12,192 | -€3,782 | -23.7% |
| Profit (loss) for the period | 9904 | €15,974 | €12,192 | -€3,782 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,974 | €12,192 | -€3,782 | -23.7% |
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 14 October 2026 via checked.be.