43: what changed
Two fiscal 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.
43
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+1804.4%), from €58,980 to €1.1m
of which Land and buildings: +€1.1m
- Receivables within one year +€20,056
up €20,056 (+893.0%), from €2,246 to €22,302
of which Trade receivables: +€21,646
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts -€54,832
down €54,832 (-72.2%), from €75,899 to €21,067
- Profit (loss) carried forward +€25,720
up €25,720, from -€23,226 to €2,494
- Trade debts -€19,400
down €19,400 (-78.3%), from €24,771 to €5,371
- Gross operating margin +€53,060
up €53,060, from -€9,294 to €43,766
- Depreciation +€2,831
up €2,831 (+21.8%), from €12,976 to €15,807
- Financial charges +€763
up €763 (+431.1%), from €177 to €940
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 | €79,444 | €1,172,380 | +€1.1m | +1375.7% |
| Fixed assets | 21/28 | €58,980 | €1,123,203 | +€1.1m | +1804.4% |
| Tangible fixed assets | 22/27 | €58,980 | €1,123,203 | +€1.1m | +1804.4% |
| Land and buildings | 22 | €11,442 | €1,084,852 | +€1.1m | +9381.3% |
| Plant, machinery and equipment | 23 | €32,802 | €26,086 | -€6,716 | -20.5% |
| Furniture and vehicles | 24 | €3,134 | €3,564 | +€430 | +13.7% |
| Other tangible fixed assets | 26 | €11,602 | €8,701 | -€2,901 | -25.0% |
| Current assets | 29/58 | €20,464 | €49,177 | +€28,713 | +140.3% |
| Amounts receivable within one year | 40/41 | €2,246 | €22,302 | +€20,056 | +893.0% |
| Trade receivables | 40 | €656 | €22,302 | +€21,646 | +3299.7% |
| Other amounts receivable | 41 | €1,590 | - | -€1,590 | |
| Cash at bank and in hand | 54/58 | €15,313 | €26,475 | +€11,162 | +72.9% |
| Deferred charges and accrued income | 490/1 | €2,905 | €400 | -€2,505 | -86.2% |
| Total equity and liabilities | 10/49 | €79,444 | €1,172,380 | +€1.1m | +1375.7% |
| Equity | 10/15 | -€21,226 | €4,494 | +€25,720 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,226 | €2,494 | +€25,720 | |
| Amounts payable | 17/49 | €100,670 | €1,167,886 | +€1.1m | +1060.1% |
| Amounts payable after more than one year | 17 | - | €1,137,615 | +€1.1m | |
| Financial debts | 170/4 | - | €1,137,615 | +€1.1m | |
| Amounts payable within one year | 42/48 | €100,670 | €30,271 | -€70,399 | -69.9% |
| Trade debts | 44 | €24,771 | €5,371 | -€19,400 | -78.3% |
| Suppliers | 440/4 | €24,771 | €5,371 | -€19,400 | -78.3% |
| Taxes, remuneration and social security | 45 | - | €3,833 | +€3,833 | |
| Taxes | 450/3 | - | €3,833 | +€3,833 | |
| Other amounts payable | 47/48 | €75,899 | €21,067 | -€54,832 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,976 | €15,807 | +€2,831 | +21.8% |
| Other operating charges | 640/8 | €1,007 | €944 | -€63 | -6.3% |
| Gross operating margin | 9900 | -€9,294 | €43,766 | +€53,060 | |
| Operating profit (loss) | 9901 | -€23,277 | €27,015 | +€50,292 | |
| Financial charges | 65/66B | €177 | €940 | +€763 | +431.1% |
| Recurring financial charges | 65 | €177 | €940 | +€763 | +431.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,454 | €26,075 | +€49,529 | |
| Income taxes | 67/77 | - | €355 | +€355 | |
| Profit (loss) for the period | 9904 | -€23,454 | €25,720 | +€49,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,454 | €25,720 | +€49,174 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.