A en N: 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 en N
Largest movements
- Tangible fixed assets -€36,198
down €36,198 (-7.2%), from €503,872 to €467,674
of which Land and buildings: -€22,999
- Cash -€19,058
down €19,058 (-77.3%), from €24,668 to €5,610
mainly Debts after one year (-€55,127) and Current portion of long-term debt (-€3,769)
- Debts after one year -€55,127
down €55,127 (-12.1%), from €456,628 to €401,501
of which Other amounts payable: -€37,376
- Contributions +€18,592
new in 2025: €18,592
- Revaluation surpluses -€18,592
no longer reported in 2025 (was €18,592)
- Financial charges -€3,791
down €3,791 (-30.9%), from €12,282 to €8,491
- Gross operating margin -€1,016
down €1,016 (-1.9%), from €52,413 to €51,398
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 | €538,540 | €484,332 | -€54,207 | -10.1% |
| Fixed assets | 21/28 | €503,872 | €467,674 | -€36,198 | -7.2% |
| Tangible fixed assets | 22/27 | €503,872 | €467,674 | -€36,198 | -7.2% |
| Land and buildings | 22 | €482,413 | €459,414 | -€22,999 | -4.8% |
| Furniture and vehicles | 24 | €21,459 | €8,260 | -€13,198 | -61.5% |
| Current assets | 29/58 | €34,668 | €16,658 | -€18,010 | -51.9% |
| Amounts receivable within one year | 40/41 | €10,000 | €11,048 | +€1,048 | +10.5% |
| Other amounts receivable | 41 | €10,000 | €11,048 | +€1,048 | +10.5% |
| Cash at bank and in hand | 54/58 | €24,668 | €5,610 | -€19,058 | -77.3% |
| Total equity and liabilities | 10/49 | €538,540 | €484,332 | -€54,207 | -10.1% |
| Equity | 10/15 | €37,577 | €38,927 | +€1,350 | +3.6% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Revaluation surpluses | 12 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €18,859 | €18,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126 | €1,476 | +€1,350 | +1,070% |
| Amounts payable | 17/49 | €500,962 | €445,405 | -€55,557 | -11.1% |
| Amounts payable after more than one year | 17 | €456,628 | €401,501 | -€55,127 | -12.1% |
| Financial debts | 170/4 | €183,535 | €165,784 | -€17,751 | -9.7% |
| Other amounts payable | 178/9 | €273,093 | €235,717 | -€37,376 | -13.7% |
| Amounts payable within one year | 42/48 | €44,335 | €42,797 | -€1,538 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €21,521 | €17,751 | -€3,769 | -17.5% |
| Trade debts | 44 | €200 | €122 | -€78 | -39.0% |
| Suppliers | 440/4 | €200 | €122 | -€78 | -39.0% |
| Taxes, remuneration and social security | 45 | €9,789 | €8,032 | -€1,756 | -17.9% |
| Taxes | 450/3 | €9,789 | €8,032 | -€1,756 | -17.9% |
| Other amounts payable | 47/48 | €12,825 | €16,891 | +€4,066 | +31.7% |
| Accrued charges and deferred income | 492/3 | - | €1,107 | +€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,829 | €36,198 | +€369 | +1.0% |
| Other operating charges | 640/8 | €3,752 | €3,932 | +€180 | +4.8% |
| Gross operating margin | 9900 | €52,413 | €51,398 | -€1,016 | -1.9% |
| Operating profit (loss) | 9901 | €12,833 | €11,268 | -€1,565 | -12.2% |
| Financial income | 75/76B | €24 | €35 | +€11 | +46.1% |
| Recurring financial income | 75 | €24 | €35 | +€11 | +46.1% |
| Financial charges | 65/66B | €12,282 | €8,491 | -€3,791 | -30.9% |
| Recurring financial charges | 65 | €12,282 | €8,491 | -€3,791 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €575 | €2,812 | +€2,237 | +389% |
| Income taxes | 67/77 | €995 | €1,462 | +€467 | +47.0% |
| Profit (loss) for the period | 9904 | -€420 | €1,350 | +€1,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€420 | €1,350 | +€1,770 |
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 18 October 2026 via checked.be.