2G: 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.
2G
Largest movements
- Receivables within one year +€23,784
up €23,784 (+283.6%), from €8,386 to €32,170
of which Other amounts receivable: +€17,315
- Tangible fixed assets -€19,744
down €19,744 (-4.9%), from €406,574 to €386,830
of which Land and buildings: -€21,364
- Cash -€16,826
down €16,826 (-94.9%), from €17,723 to €897
mainly Net result for the year (-€84,682) and Debts after one year (-€27,447)
- Profit (loss) carried forward -€84,682
down €84,682 (-65.7%), from -€128,797 to -€213,479
- Other debts +€46,711
up €46,711 (+230.1%), from €20,298 to €67,010
- Trade debts +€39,904
up €39,904 (+36.3%), from €110,053 to €149,957
- Debts after one year -€27,447
down €27,447 (-27.1%), from €101,372 to €73,925
- Current portion of long-term debt +€15,387
up €15,387 (+37.3%), from €41,293 to €56,680
- Gross operating margin -€107,129
down €107,129, from €54,903 to -€52,226
- Staff costs -€35,756
down €35,756 (-96.1%), from €37,225 to €1,470
- Other operating charges -€6,759
down €6,759 (-43.8%), from €15,425 to €8,666
- Financial charges -€3,246
down €3,246 (-30.0%), from €10,810 to €7,564
- Financial income +€2,911
up €2,911 (+32.8%), from €8,866 to €11,777
of which Non-recurring financial income: +€3,380
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 | €441,907 | €429,571 | -€12,336 | -2.8% |
| Fixed assets | 21/28 | €415,798 | €396,504 | -€19,294 | -4.6% |
| Tangible fixed assets | 22/27 | €406,574 | €386,830 | -€19,744 | -4.9% |
| Land and buildings | 22 | €394,637 | €373,273 | -€21,364 | -5.4% |
| Plant, machinery and equipment | 23 | €2,009 | €1,295 | -€714 | -35.5% |
| Furniture and vehicles | 24 | €9,928 | €12,261 | +€2,334 | +23.5% |
| Financial fixed assets | 28 | €9,224 | €9,674 | +€450 | +4.9% |
| Current assets | 29/58 | €26,109 | €33,067 | +€6,958 | +26.6% |
| Amounts receivable within one year | 40/41 | €8,386 | €32,170 | +€23,784 | +283.6% |
| Trade receivables | 40 | €8,386 | €14,855 | +€6,469 | +77.1% |
| Other amounts receivable | 41 | - | €17,315 | +€17,315 | |
| Cash at bank and in hand | 54/58 | €17,723 | €897 | -€16,826 | -94.9% |
| Total equity and liabilities | 10/49 | €441,907 | €429,571 | -€12,336 | -2.8% |
| Equity | 10/15 | €161,645 | €76,962 | -€84,682 | -52.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €111,126 | €103,718 | -€7,408 | -6.7% |
| Reserves | 13 | €139,315 | €146,724 | +€7,408 | +5.3% |
| Distributable reserves | 133 | €139,315 | €146,724 | +€7,408 | +5.3% |
| Profit (loss) carried forward | 14 | -€128,797 | -€213,479 | -€84,682 | -65.7% |
| Amounts payable | 17/49 | €280,262 | €352,609 | +€72,346 | +25.8% |
| Amounts payable after more than one year | 17 | €101,372 | €73,925 | -€27,447 | -27.1% |
| Financial debts | 170/4 | €101,372 | €73,925 | -€27,447 | -27.1% |
| Amounts payable within one year | 42/48 | €174,464 | €273,914 | +€99,450 | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €41,293 | €56,680 | +€15,387 | +37.3% |
| Trade debts | 44 | €110,053 | €149,957 | +€39,904 | +36.3% |
| Suppliers | 440/4 | €110,053 | €149,957 | +€39,904 | +36.3% |
| Taxes, remuneration and social security | 45 | €2,819 | €267 | -€2,552 | -90.5% |
| Taxes | 450/3 | €2,000 | €267 | -€1,733 | -86.6% |
| Remuneration and social security | 454/9 | €819 | - | -€819 | |
| Other amounts payable | 47/48 | €20,298 | €67,010 | +€46,711 | +230.1% |
| Accrued charges and deferred income | 492/3 | €4,426 | €4,769 | +€343 | +7.7% |
| Remuneration, social security and pensions | 62 | €37,225 | €1,470 | -€35,756 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,091 | €26,356 | +€2,265 | +9.4% |
| Other operating charges | 640/8 | €15,425 | €8,666 | -€6,759 | -43.8% |
| Gross operating margin | 9900 | €54,903 | -€52,226 | -€107,129 | |
| Operating profit (loss) | 9901 | -€21,838 | -€88,718 | -€66,879 | -306.2% |
| Financial income | 75/76B | €8,866 | €11,777 | +€2,911 | +32.8% |
| Recurring financial income | 75 | €8,866 | €8,396 | -€470 | -5.3% |
| Non-recurring financial income | 76B | - | €3,380 | +€3,380 | |
| Financial charges | 65/66B | €10,810 | €7,564 | -€3,246 | -30.0% |
| Recurring financial charges | 65 | €10,810 | €7,564 | -€3,246 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,782 | -€84,505 | -€60,723 | -255.3% |
| Income taxes | 67/77 | €196 | €177 | -€19 | -9.6% |
| Profit (loss) for the period | 9904 | -€23,978 | -€84,682 | -€60,704 | -253.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,978 | -€84,682 | -€60,704 | -253.2% |
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 12 October 2026 via checked.be.