29: 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.
29
Largest movements
- Tangible fixed assets -€5,778
down €5,778 (-4.8%), from €119,132 to €113,354
of which Land and buildings: -€5,644
- Profit (loss) carried forward -€172,292
down €172,292, from €42,024 to -€130,267
- Provisions +€163,846
up €163,846 (+655%), from €25,000 to €188,846
of which Provisions for liabilities and charges: +€163,846
- Other debts +€4,284
up €4,284 (+41.3%), from €10,376 to €14,659
- Trade debts -€1,749
down €1,749 (-20.0%), from €8,765 to €7,016
- Taxes +€159,126
up €159,126 (+3,174%), from €5,013 to €164,139
- Financial income -€120,831
down €120,831 (-100%), from €120,831 to €0
of which Non-recurring financial income: -€120,819
- Financial charges -€52,462
down €52,462 (-99.9%), from €52,513 to €51
- Gross operating margin -€8,208
down €8,208, from €6,031 to -€2,177
- Other operating charges -€2,599
down €2,599 (-94.6%), from €2,746 to €147
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 | €119,226 | €113,598 | -€5,628 | -4.7% |
| Fixed assets | 21/28 | €119,132 | €113,354 | -€5,778 | -4.8% |
| Tangible fixed assets | 22/27 | €119,132 | €113,354 | -€5,778 | -4.8% |
| Land and buildings | 22 | €118,741 | €113,097 | -€5,644 | -4.8% |
| Plant, machinery and equipment | 23 | €392 | €257 | -€134 | -34.3% |
| Current assets | 29/58 | €93 | €243 | +€150 | +161% |
| Amounts receivable within one year | 40/41 | €93 | €243 | +€150 | +161% |
| Trade receivables | 40 | €0 | €150 | +€150 | |
| Other amounts receivable | 41 | €93 | €93 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | 0.0% |
| Total equity and liabilities | 10/49 | €119,226 | €113,598 | -€5,628 | -4.7% |
| Equity | 10/15 | €62,475 | -€109,816 | -€172,292 | |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,024 | -€130,267 | -€172,292 | |
| Provisions and deferred taxes | 16 | €25,000 | €188,846 | +€163,846 | +655% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €188,846 | +€163,846 | +655% |
| Taxes | 161 | - | €163,846 | +€163,846 | |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €31,750 | €34,568 | +€2,818 | +8.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,750 | €34,568 | +€2,818 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €0 | +€0 | |
| Credit institutions | 430/8 | €0 | €0 | +€0 | |
| Trade debts | 44 | €8,765 | €7,016 | -€1,749 | -20.0% |
| Suppliers | 440/4 | €8,765 | €7,016 | -€1,749 | -20.0% |
| Taxes, remuneration and social security | 45 | €12,609 | €12,892 | +€283 | +2.2% |
| Taxes | 450/3 | €12,609 | €12,892 | +€283 | +2.2% |
| Other amounts payable | 47/48 | €10,376 | €14,659 | +€4,284 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,778 | €5,778 | = | 0.0% |
| Other operating charges | 640/8 | €2,746 | €147 | -€2,599 | -94.6% |
| Non-recurring operating charges | 66A | €51,327 | €0 | -€51,327 | -100% |
| Gross operating margin | 9900 | €6,031 | -€2,177 | -€8,208 | |
| Operating profit (loss) | 9901 | -€53,821 | -€8,102 | +€45,719 | +84.9% |
| Financial income | 75/76B | €120,831 | €0 | -€120,831 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Non-recurring financial income | 76B | €120,819 | €0 | -€120,819 | -100% |
| Financial charges | 65/66B | €52,513 | €51 | -€52,462 | -99.9% |
| Recurring financial charges | 65 | €52,513 | €51 | -€52,462 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €14,497 | -€8,153 | -€22,650 | |
| Income taxes | 67/77 | €5,013 | €164,139 | +€159,126 | +3,174% |
| Profit (loss) for the period | 9904 | €9,484 | -€172,292 | -€181,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,484 | -€172,292 | -€181,776 |
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 15 October 2026 via checked.be.