2K: 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.
2K
Largest movements
- Tangible fixed assets -€84,470
down €84,470 (-3.6%), from €2.3m to €2.3m
of which Other tangible fixed assets: -€84,470
- Profit (loss) carried forward -€63,595
down €63,595 (-27.2%), from -€233,842 to -€297,437
- Other operating charges -€5,475
down €5,475 (-34.4%), from €15,925 to €10,450
- Gross operating margin -€4,601
down €4,601 (-12.0%), from €38,320 to €33,719
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 | €2,523,237 | €2,460,161 | -€63,076 | -2.5% |
| Fixed assets | 21/28 | €2,344,849 | €2,260,379 | -€84,470 | -3.6% |
| Tangible fixed assets | 22/27 | €2,344,849 | €2,260,379 | -€84,470 | -3.6% |
| Land and buildings | 22 | €908,856 | €908,856 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,435,993 | €1,351,523 | -€84,470 | -5.9% |
| Current assets | 29/58 | €178,388 | €199,782 | +€21,394 | +12.0% |
| Amounts receivable within one year | 40/41 | €63,293 | €70,570 | +€7,277 | +11.5% |
| Trade receivables | 40 | €63,293 | €63,325 | +€32 | +0.1% |
| Other amounts receivable | 41 | - | €7,244 | +€7,244 | |
| Cash at bank and in hand | 54/58 | €109,506 | €123,001 | +€13,494 | +12.3% |
| Deferred charges and accrued income | 490/1 | €5,589 | €6,212 | +€623 | +11.1% |
| Total equity and liabilities | 10/49 | €2,523,237 | €2,460,161 | -€63,076 | -2.5% |
| Equity | 10/15 | €2,516,158 | €2,452,563 | -€63,595 | -2.5% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,842 | -€297,437 | -€63,595 | -27.2% |
| Amounts payable | 17/49 | €7,079 | €7,598 | +€519 | +7.3% |
| Amounts payable within one year | 42/48 | €7,079 | €7,598 | +€519 | +7.3% |
| Trade debts | 44 | €7,079 | €7,598 | +€519 | +7.3% |
| Suppliers | 440/4 | €7,079 | €7,598 | +€519 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,470 | €84,470 | = | 0.0% |
| Other operating charges | 640/8 | €15,925 | €10,450 | -€5,475 | -34.4% |
| Gross operating margin | 9900 | €38,320 | €33,719 | -€4,601 | -12.0% |
| Operating profit (loss) | 9901 | -€62,075 | -€61,201 | +€874 | +1.4% |
| Financial charges | 65/66B | €2,081 | €2,395 | +€313 | +15.1% |
| Recurring financial charges | 65 | €2,081 | €2,395 | +€313 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,156 | -€63,595 | +€561 | +0.9% |
| Profit (loss) for the period | 9904 | -€64,156 | -€63,595 | +€561 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,156 | -€63,595 | +€561 | +0.9% |
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.