57+: 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.
57+
Largest movements
- Stocks and contracts -€484,365
no longer reported in 2025 (was €484,365)
- Cash +€153,726
up €153,726 (+886%), from €17,343 to €171,069
mainly Stocks and contracts (+€484,365) and Net result for the year (+€70,893)
- Receivables within one year +€15,443
up €15,443 (+165%), from €9,351 to €24,793
of which Trade receivables: +€11,966
- Short-term financial debts -€384,000
no longer reported in 2025 (was €384,000)
- Reserves +€54,213
up €54,213 (+61.0%), from €88,865 to €143,078
- Other debts -€21,741
down €21,741 (-49.5%), from €43,931 to €22,190
- Profit (loss) carried forward +€16,679
no longer reported in 2025 (was -€16,679)
- Tax, wage and social debts +€14,830
up €14,830 (+147%), from €10,113 to €24,943
of which Taxes: +€14,830
- Gross operating margin +€101,408
up €101,408 (+483%), from €21,000 to €122,408
- Taxes +€34,093
up €34,093 (+2,126%), from €1,604 to €35,697
- Financial charges -€1,715
down €1,715 (-12.4%), from €13,884 to €12,169
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 | €519,928 | €201,839 | -€318,089 | -61.2% |
| Fixed assets | 21/28 | €7,774 | €4,830 | -€2,944 | -37.9% |
| Tangible fixed assets | 22/27 | €7,774 | €4,830 | -€2,944 | -37.9% |
| Land and buildings | 22 | €3,728 | €2,036 | -€1,692 | -45.4% |
| Plant, machinery and equipment | 23 | €2,376 | €1,507 | -€869 | -36.6% |
| Furniture and vehicles | 24 | €1,670 | €1,287 | -€382 | -22.9% |
| Current assets | 29/58 | €512,154 | €197,010 | -€315,145 | -61.5% |
| Stocks and contracts in progress | 3 | €484,365 | - | -€484,365 | |
| Stocks | 30/36 | €484,365 | - | -€484,365 | |
| Amounts receivable within one year | 40/41 | €9,351 | €24,793 | +€15,443 | +165% |
| Trade receivables | 40 | €8,684 | €20,650 | +€11,966 | +138% |
| Other amounts receivable | 41 | €667 | €4,143 | +€3,476 | +521% |
| Cash at bank and in hand | 54/58 | €17,343 | €171,069 | +€153,726 | +886% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,147 | +€51 | +4.6% |
| Total equity and liabilities | 10/49 | €519,928 | €201,839 | -€318,089 | -61.2% |
| Equity | 10/15 | €78,386 | €149,278 | +€70,893 | +90.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,865 | €143,078 | +€54,213 | +61.0% |
| Distributable reserves | 133 | €88,865 | €143,078 | +€54,213 | +61.0% |
| Profit (loss) carried forward | 14 | -€16,679 | - | +€16,679 | |
| Amounts payable | 17/49 | €441,543 | €52,561 | -€388,982 | -88.1% |
| Amounts payable within one year | 42/48 | €441,543 | €50,480 | -€391,062 | -88.6% |
| Financial debts | 43 | €384,000 | - | -€384,000 | |
| Credit institutions | 430/8 | €384,000 | - | -€384,000 | |
| Trade debts | 44 | €3,498 | €3,347 | -€151 | -4.3% |
| Suppliers | 440/4 | €3,498 | €3,347 | -€151 | -4.3% |
| Taxes, remuneration and social security | 45 | €10,113 | €24,943 | +€14,830 | +147% |
| Taxes | 450/3 | €8,350 | €23,180 | +€14,830 | +178% |
| Remuneration and social security | 454/9 | €1,763 | €1,763 | = | 0.0% |
| Other amounts payable | 47/48 | €43,931 | €22,190 | -€21,741 | -49.5% |
| Accrued charges and deferred income | 492/3 | - | €2,081 | +€2,081 | |
| Non-recurring operating income | 76A | €4,027 | - | -€4,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,293 | €2,944 | -€349 | -10.6% |
| Other operating charges | 640/8 | €2,033 | €835 | -€1,198 | -58.9% |
| Gross operating margin | 9900 | €21,000 | €122,408 | +€101,408 | +483% |
| Operating profit (loss) | 9901 | €15,673 | €118,628 | +€102,955 | +657% |
| Financial income | 75/76B | €188 | €131 | -€58 | -30.7% |
| Recurring financial income | 75 | €188 | €131 | -€58 | -30.7% |
| Financial charges | 65/66B | €13,884 | €12,169 | -€1,715 | -12.4% |
| Recurring financial charges | 65 | €13,884 | €12,169 | -€1,715 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €1,978 | €106,590 | +€104,612 | +5,290% |
| Income taxes | 67/77 | €1,604 | €35,697 | +€34,093 | +2,126% |
| Profit (loss) for the period | 9904 | €374 | €70,893 | +€70,519 | +18,871% |
| Profit (loss) for the period to be appropriated | 9905 | €374 | €70,893 | +€70,519 | +18,871% |
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 22 October 2026 via checked.be.