25 50 VE: 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.
25 50 VE
Largest movements
- Tangible fixed assets -€42,904
down €42,904 (-5.6%), from €760,877 to €717,973
of which Plant, machinery and equipment: -€29,859
- Receivables within one year +€9,702
new in 2025: €9,702
- Profit (loss) carried forward -€126,542
down €126,542 (-15.5%), from -€814,197 to -€940,739
- Accrued charges and deferred income +€71,254
up €71,254 (+27.0%), from €264,265 to €335,519
- Debts after one year +€12,000
up €12,000 (+0.9%), from €1.3m to €1.3m
- Other operating charges -€23,252
down €23,252 (-87.7%), from €26,502 to €3,250
- Gross operating margin +€2,941
up €2,941 (+4,386%), from €67 to €3,008
- Depreciation +€2,149
up €2,149 (+4.1%), from €52,855 to €55,004
- Financial charges +€1,089
up €1,089 (+1.6%), from €70,207 to €71,296
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 | €764,647 | €728,858 | -€35,788 | -4.7% |
| Fixed assets | 21/28 | €761,377 | €718,473 | -€42,904 | -5.6% |
| Tangible fixed assets | 22/27 | €760,877 | €717,973 | -€42,904 | -5.6% |
| Land and buildings | 22 | €573,464 | €554,744 | -€18,721 | -3.3% |
| Plant, machinery and equipment | 23 | €180,508 | €150,649 | -€29,859 | -16.5% |
| Furniture and vehicles | 24 | €6,905 | €12,580 | +€5,676 | +82.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,269 | €10,385 | +€7,116 | +218% |
| Amounts receivable within one year | 40/41 | - | €9,702 | +€9,702 | |
| Trade receivables | 40 | - | €9,702 | +€9,702 | |
| Cash at bank and in hand | 54/58 | €198 | €683 | +€485 | +244% |
| Deferred charges and accrued income | 490/1 | €3,071 | - | -€3,071 | |
| Total equity and liabilities | 10/49 | €764,647 | €728,858 | -€35,788 | -4.7% |
| Equity | 10/15 | -€807,997 | -€934,539 | -€126,542 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€814,197 | -€940,739 | -€126,542 | -15.5% |
| Amounts payable | 17/49 | €1,572,644 | €1,663,397 | +€90,754 | +5.8% |
| Amounts payable after more than one year | 17 | €1,283,028 | €1,295,028 | +€12,000 | +0.9% |
| Financial debts | 170/4 | €1,283,028 | €1,295,028 | +€12,000 | +0.9% |
| Amounts payable within one year | 42/48 | €25,350 | €32,850 | +€7,500 | +29.6% |
| Other amounts payable | 47/48 | €25,350 | €32,850 | +€7,500 | +29.6% |
| Accrued charges and deferred income | 492/3 | €264,265 | €335,519 | +€71,254 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,855 | €55,004 | +€2,149 | +4.1% |
| Other operating charges | 640/8 | €26,502 | €3,250 | -€23,252 | -87.7% |
| Gross operating margin | 9900 | €67 | €3,008 | +€2,941 | +4,386% |
| Operating profit (loss) | 9901 | -€79,290 | -€55,246 | +€24,044 | +30.3% |
| Financial charges | 65/66B | €70,207 | €71,296 | +€1,089 | +1.6% |
| Recurring financial charges | 65 | €70,207 | €71,296 | +€1,089 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€149,496 | -€126,542 | +€22,955 | +15.4% |
| Profit (loss) for the period | 9904 | -€149,496 | -€126,542 | +€22,955 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,496 | -€126,542 | +€22,955 | +15.4% |
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 24 October 2026 via checked.be.