499: 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.
499
Largest movements
- Receivables within one year +€254,185
up €254,185 (+30.8%), from €824,566 to €1.1m
of which Other amounts receivable: +€273,545
- Cash -€99,259
down €99,259 (-72.1%), from €137,631 to €38,372
mainly Receivables within one year (-€254,185) and Debts after one year (-€76,825)
- Receivables after one year -€80,878
down €80,878 (-18.9%), from €428,480 to €347,602
- Tangible fixed assets -€63,646
down €63,646 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€59,563
- Profit (loss) carried forward +€85,365
up €85,365 (+4.5%), from -€1.9m to -€1.8m
- Debts after one year -€76,825
down €76,825 (-5.1%), from €1.5m to €1.4m
- Trade debts +€38,634
up €38,634 (+4794.3%), from €806 to €39,440
- Gross operating margin -€53,862
down €53,862 (-16.9%), from €317,817 to €263,954
- Financial charges -€18,186
down €18,186 (-25.3%), from €71,938 to €53,752
- Other operating charges -€9,634
down €9,634 (-46.5%), from €20,697 to €11,063
- Taxes -€6,933
down €6,933 (-15.2%), from €45,494 to €38,561
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 | €3,397,467 | €3,393,653 | -€3,815 | -0.1% |
| Fixed assets | 21/28 | €2,003,764 | €1,927,605 | -€76,159 | -3.8% |
| Intangible fixed assets | 21 | €31,951 | €19,438 | -€12,513 | -39.2% |
| Tangible fixed assets | 22/27 | €1,561,813 | €1,498,167 | -€63,646 | -4.1% |
| Land and buildings | 22 | €1,530,091 | €1,470,528 | -€59,563 | -3.9% |
| Plant, machinery and equipment | 23 | €7,811 | €6,731 | -€1,080 | -13.8% |
| Furniture and vehicles | 24 | €1,093 | €646 | -€447 | -40.9% |
| Other tangible fixed assets | 26 | €22,819 | €20,262 | -€2,557 | -11.2% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €1,393,703 | €1,466,047 | +€72,344 | +5.2% |
| Amounts receivable after more than one year | 29 | €428,480 | €347,602 | -€80,878 | -18.9% |
| Other amounts receivable | 291 | €428,480 | €347,602 | -€80,878 | -18.9% |
| Amounts receivable within one year | 40/41 | €824,566 | €1,078,751 | +€254,185 | +30.8% |
| Trade receivables | 40 | €19,360 | - | -€19,360 | |
| Other amounts receivable | 41 | €805,206 | €1,078,751 | +€273,545 | +34.0% |
| Cash at bank and in hand | 54/58 | €137,631 | €38,372 | -€99,259 | -72.1% |
| Deferred charges and accrued income | 490/1 | €3,026 | €1,322 | -€1,704 | -56.3% |
| Total equity and liabilities | 10/49 | €3,397,467 | €3,393,653 | -€3,815 | -0.1% |
| Equity | 10/15 | €1,701,762 | €1,787,127 | +€85,365 | +5.0% |
| Contributions | 10/11 | €3,585,179 | €3,585,179 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,908,417 | -€1,823,052 | +€85,365 | +4.5% |
| Provisions and deferred taxes | 16 | €14,457 | €14,915 | +€457 | +3.2% |
| Provisions for liabilities and charges | 160/5 | €14,457 | €14,915 | +€457 | +3.2% |
| Other liabilities and charges | 164/5 | €14,457 | €14,915 | +€457 | +3.2% |
| Amounts payable | 17/49 | €1,681,248 | €1,591,611 | -€89,637 | -5.3% |
| Amounts payable after more than one year | 17 | €1,494,621 | €1,417,797 | -€76,825 | -5.1% |
| Financial debts | 170/4 | €1,494,621 | €1,417,797 | -€76,825 | -5.1% |
| Amounts payable within one year | 42/48 | €186,627 | €172,282 | -€14,345 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €87,721 | €89,162 | +€1,442 | +1.6% |
| Financial debts | 43 | €3,937 | €713 | -€3,224 | -81.9% |
| Credit institutions | 430/8 | €3,937 | €713 | -€3,224 | -81.9% |
| Trade debts | 44 | €806 | €39,440 | +€38,634 | +4794.3% |
| Suppliers | 440/4 | €806 | €39,440 | +€38,634 | +4794.3% |
| Taxes, remuneration and social security | 45 | €76,051 | €42,967 | -€33,084 | -43.5% |
| Taxes | 450/3 | €72,709 | €40,528 | -€32,181 | -44.3% |
| Remuneration and social security | 454/9 | €3,342 | €2,439 | -€903 | -27.0% |
| Other amounts payable | 47/48 | €18,112 | - | -€18,112 | |
| Accrued charges and deferred income | 492/3 | - | €1,533 | +€1,533 | |
| Remuneration, social security and pensions | 62 | €12,205 | €12,058 | -€147 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,319 | €76,159 | +€840 | +1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€958 | €457 | +€1,415 | |
| Other operating charges | 640/8 | €20,697 | €11,063 | -€9,634 | -46.5% |
| Gross operating margin | 9900 | €317,817 | €263,954 | -€53,862 | -16.9% |
| Operating profit (loss) | 9901 | €210,553 | €164,218 | -€46,335 | -22.0% |
| Financial income | 75/76B | €15,670 | €13,460 | -€2,211 | -14.1% |
| Recurring financial income | 75 | €15,670 | €13,460 | -€2,211 | -14.1% |
| Financial charges | 65/66B | €71,938 | €53,752 | -€18,186 | -25.3% |
| Recurring financial charges | 65 | €71,938 | €53,752 | -€18,186 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €154,286 | €123,926 | -€30,360 | -19.7% |
| Income taxes | 67/77 | €45,494 | €38,561 | -€6,933 | -15.2% |
| Profit (loss) for the period | 9904 | €108,792 | €85,365 | -€23,427 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,792 | €85,365 | -€23,427 | -21.5% |
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 5 October 2026 via checked.be.