A.5.: 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.
A.5.
Largest movements
- Receivables within one year -€50,676
down €50,676 (-13.0%), from €388,818 to €338,142
- Cash -€29,662
down €29,662 (-56.5%), from €52,508 to €22,846
mainly Contributions, distributions and other (-€338,222) and Investment in fixed assets (net) (-€3,127)
- Reserves -€95,670
down €95,670 (-10.7%), from €897,747 to €802,077
- Tax, wage and social debts +€18,459
up €18,459 (+105.3%), from €17,537 to €35,996
- Financial income +€137,008
up €137,008 (+101.3%), from €135,316 to €272,324
- Taxes +€12,514
up €12,514 (+106.6%), from €11,741 to €24,255
- Gross operating margin +€921
up €921 (+18.1%), from -€5,098 to -€4,177
- Financial charges +€241
up €241 (+238.8%), from €101 to €342
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 | €921,484 | €844,273 | -€77,211 | -8.4% |
| Fixed assets | 21/28 | €480,157 | €483,284 | +€3,127 | +0.7% |
| Financial fixed assets | 28 | €480,157 | €483,284 | +€3,127 | +0.7% |
| Current assets | 29/58 | €441,327 | €360,989 | -€80,338 | -18.2% |
| Amounts receivable within one year | 40/41 | €388,818 | €338,142 | -€50,676 | -13.0% |
| Other amounts receivable | 41 | €388,818 | €338,142 | -€50,676 | -13.0% |
| Cash at bank and in hand | 54/58 | €52,508 | €22,846 | -€29,662 | -56.5% |
| Total equity and liabilities | 10/49 | €921,484 | €844,273 | -€77,211 | -8.4% |
| Equity | 10/15 | €903,947 | €808,277 | -€95,670 | -10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €897,747 | €802,077 | -€95,670 | -10.7% |
| Distributable reserves | 133 | €897,747 | €802,077 | -€95,670 | -10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,537 | €35,996 | +€18,459 | +105.3% |
| Amounts payable within one year | 42/48 | €17,537 | €35,996 | +€18,459 | +105.3% |
| Taxes, remuneration and social security | 45 | €17,537 | €35,996 | +€18,459 | +105.3% |
| Taxes | 450/3 | €17,537 | €35,996 | +€18,459 | +105.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,098 | -€4,177 | +€921 | +18.1% |
| Operating profit (loss) | 9901 | -€6,065 | -€5,175 | +€890 | +14.7% |
| Financial income | 75/76B | €135,316 | €272,324 | +€137,008 | +101.3% |
| Recurring financial income | 75 | €135,316 | €272,324 | +€137,008 | +101.3% |
| Financial charges | 65/66B | €101 | €342 | +€241 | +238.8% |
| Recurring financial charges | 65 | €101 | €342 | +€241 | +238.8% |
| Profit (loss) for the period before taxes | 9903 | €129,150 | €266,807 | +€137,657 | +106.6% |
| Income taxes | 67/77 | €11,741 | €24,255 | +€12,514 | +106.6% |
| Profit (loss) for the period | 9904 | €117,409 | €242,551 | +€125,143 | +106.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,409 | €242,551 | +€125,143 | +106.6% |
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 11 October 2026 via checked.be.