A & E: 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 & E
Largest movements
- Cash +€5,133
up €5,133 (+10.2%), from €50,150 to €55,283
mainly Depreciation (+€13,958) and Net result for the year (+€6,592)
- Reserves +€6,592
up €6,592 (+16.8%), from €39,283 to €45,875
of which Distributable reserves: +€6,592
- Gross operating margin +€2,585
up €2,585 (+11.1%), from €23,192 to €25,777
- Depreciation +€889
up €889 (+6.8%), from €13,069 to €13,958
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 | €356,335 | €363,975 | +€7,640 | +2.1% |
| Fixed assets | 21/28 | €297,073 | €300,053 | +€2,980 | +1.0% |
| Tangible fixed assets | 22/27 | €297,073 | €300,053 | +€2,980 | +1.0% |
| Land and buildings | 22 | €297,073 | €300,053 | +€2,980 | +1.0% |
| Current assets | 29/58 | €59,262 | €63,922 | +€4,660 | +7.9% |
| Amounts receivable within one year | 40/41 | €9,112 | €8,639 | -€473 | -5.2% |
| Other amounts receivable | 41 | €9,112 | €8,639 | -€473 | -5.2% |
| Cash at bank and in hand | 54/58 | €50,150 | €55,283 | +€5,133 | +10.2% |
| Total equity and liabilities | 10/49 | €356,335 | €363,975 | +€7,640 | +2.1% |
| Equity | 10/15 | €356,200 | €362,792 | +€6,592 | +1.9% |
| Contributions | 10/11 | €13,338 | €13,338 | = | 0.0% |
| Reserves | 13 | €39,283 | €45,875 | +€6,592 | +16.8% |
| Non-distributable reserves | 130/1 | €1,334 | €1,334 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,334 | €1,334 | = | 0.0% |
| Distributable reserves | 133 | €37,949 | €44,541 | +€6,592 | +17.4% |
| Profit (loss) carried forward | 14 | €303,579 | €303,579 | = | 0.0% |
| Amounts payable | 17/49 | €135 | €1,183 | +€1,048 | +778.1% |
| Amounts payable within one year | 42/48 | €135 | €1,183 | +€1,048 | +778.1% |
| Trade debts | 44 | €135 | €1,183 | +€1,048 | +778.1% |
| Suppliers | 440/4 | €135 | €1,183 | +€1,048 | +778.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,069 | €13,958 | +€889 | +6.8% |
| Other operating charges | 640/8 | €5,069 | €5,153 | +€84 | +1.7% |
| Gross operating margin | 9900 | €23,192 | €25,777 | +€2,585 | +11.1% |
| Operating profit (loss) | 9901 | €5,055 | €6,667 | +€1,612 | +31.9% |
| Financial charges | 65/66B | €103 | €75 | -€28 | -27.1% |
| Recurring financial charges | 65 | €103 | €75 | -€28 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €4,952 | €6,592 | +€1,640 | +33.1% |
| Profit (loss) for the period | 9904 | €4,952 | €6,592 | +€1,640 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,952 | €6,592 | +€1,640 | +33.1% |
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 10 October 2026 via checked.be.