A + E: 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.
A + E
Largest movements
- Financial fixed assets -€52,806
down €52,806 (-12.2%), from €431,500 to €378,694
- Receivables within one year +€9,798
up €9,798 (+221.7%), from €4,419 to €14,217
of which Other amounts receivable: +€9,798
- Debts after one year -€51,697
down €51,697 (-18.8%), from €275,167 to €223,470
- Profit (loss) carried forward +€11,300
up €11,300 (+26.4%), from €42,866 to €54,166
- Other debts -€8,860
down €8,860 (-18.4%), from €48,144 to €39,284
- Tax, wage and social debts +€4,948
up €4,948 (+83.7%), from €5,914 to €10,862
of which Taxes: +€4,948
- Financial charges -€12,997
down €12,997 (-66.7%), from €19,484 to €6,487
of which Non-recurring financial charges: -€18,129
- Taxes +€8,096
up €8,096, from -€2,854 to €5,242
- Financial income +€1,279
new in 2025: €1,279
- Gross operating margin +€1,170
up €1,170 (+5.7%), from €20,655 to €21,825
- Purchases and services -€1,136
down €1,136 (-34.0%), from €3,345 to €2,209
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 | €438,153 | €393,589 | -€44,564 | -10.2% |
| Fixed assets | 21/28 | €431,500 | €378,694 | -€52,806 | -12.2% |
| Financial fixed assets | 28 | €431,500 | €378,694 | -€52,806 | -12.2% |
| Current assets | 29/58 | €6,653 | €14,895 | +€8,242 | +123.9% |
| Amounts receivable within one year | 40/41 | €4,419 | €14,217 | +€9,798 | +221.7% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €1,999 | €11,797 | +€9,798 | +490.1% |
| Cash at bank and in hand | 54/58 | €2,234 | €678 | -€1,556 | -69.7% |
| Total equity and liabilities | 10/49 | €438,153 | €393,589 | -€44,564 | -10.2% |
| Equity | 10/15 | €108,416 | €119,716 | +€11,300 | +10.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,866 | €54,166 | +€11,300 | +26.4% |
| Amounts payable | 17/49 | €329,737 | €273,873 | -€55,864 | -16.9% |
| Amounts payable after more than one year | 17 | €275,167 | €223,470 | -€51,697 | -18.8% |
| Other amounts payable | 178/9 | €275,167 | €223,470 | -€51,697 | -18.8% |
| Amounts payable within one year | 42/48 | €54,570 | €50,403 | -€4,167 | -7.6% |
| Trade debts | 44 | €512 | €257 | -€255 | -49.8% |
| Suppliers | 440/4 | €512 | €257 | -€255 | -49.8% |
| Taxes, remuneration and social security | 45 | €5,914 | €10,862 | +€4,948 | +83.7% |
| Taxes | 450/3 | €5,710 | €10,658 | +€4,948 | +86.7% |
| Remuneration and social security | 454/9 | €204 | €204 | = | 0.0% |
| Other amounts payable | 47/48 | €48,144 | €39,284 | -€8,860 | -18.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,345 | €2,209 | -€1,136 | -34.0% |
| Other operating charges | 640/8 | €968 | - | -€968 | |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | €20,655 | €21,825 | +€1,170 | +5.7% |
| Operating profit (loss) | 9901 | €19,687 | €21,750 | +€2,063 | +10.5% |
| Financial income | 75/76B | - | €1,279 | +€1,279 | |
| Recurring financial income | 75 | - | €1,279 | +€1,279 | |
| Financial charges | 65/66B | €19,484 | €6,487 | -€12,997 | -66.7% |
| Recurring financial charges | 65 | €1,355 | €6,487 | +€5,132 | +378.7% |
| Non-recurring financial charges | 66B | €18,129 | - | -€18,129 | |
| Profit (loss) for the period before taxes | 9903 | €203 | €16,542 | +€16,339 | +8048.8% |
| Income taxes | 67/77 | -€2,854 | €5,242 | +€8,096 | |
| Profit (loss) for the period | 9904 | €3,057 | €11,300 | +€8,243 | +269.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,057 | €11,300 | +€8,243 | +269.6% |
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.