A en R: 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 R
Largest movements
- Tangible fixed assets -€22,686
down €22,686 (-4.6%), from €488,570 to €465,884
of which Land and buildings: -€22,553
- Cash +€11,854
up €11,854 (+416%), from €2,850 to €14,704
mainly Depreciation (+€23,513) and Stocks and contracts (+€8,000)
- Stocks and contracts -€8,000
down €8,000 (-32.0%), from €25,000 to €17,000
- Debts after one year -€19,353
down €19,353 (-6.2%), from €314,065 to €294,712
- Gross operating margin -€7,564
down €7,564 (-13.1%), from €57,737 to €50,174
- Depreciation +€5,969
up €5,969 (+34.0%), from €17,544 to €23,513
- Taxes -€3,764
down €3,764 (-91.0%), from €4,135 to €371
- Staff costs -€3,568
down €3,568 (-31.2%), from €11,422 to €7,854
- Financial charges +€1,758
up €1,758 (+17.0%), from €10,359 to €12,117
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 | €519,948 | €505,050 | -€14,898 | -2.9% |
| Fixed assets | 21/28 | €490,870 | €468,184 | -€22,686 | -4.6% |
| Tangible fixed assets | 22/27 | €488,570 | €465,884 | -€22,686 | -4.6% |
| Land and buildings | 22 | €480,042 | €457,489 | -€22,553 | -4.7% |
| Plant, machinery and equipment | 23 | €3,063 | €3,480 | +€417 | +13.6% |
| Other tangible fixed assets | 26 | €5,465 | €4,915 | -€550 | -10.1% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €29,078 | €36,866 | +€7,788 | +26.8% |
| Stocks and contracts in progress | 3 | €25,000 | €17,000 | -€8,000 | -32.0% |
| Stocks | 30/36 | €25,000 | €17,000 | -€8,000 | -32.0% |
| Amounts receivable within one year | 40/41 | €1,058 | €4,112 | +€3,054 | +289% |
| Trade receivables | 40 | - | €1,001 | +€1,001 | |
| Other amounts receivable | 41 | €1,058 | €3,111 | +€2,053 | +194% |
| Cash at bank and in hand | 54/58 | €2,850 | €14,704 | +€11,854 | +416% |
| Deferred charges and accrued income | 490/1 | €170 | €1,050 | +€880 | +518% |
| Total equity and liabilities | 10/49 | €519,948 | €505,050 | -€14,898 | -2.9% |
| Equity | 10/15 | €89,893 | €90,764 | +€870 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,833 | €82,704 | +€870 | +1.1% |
| Amounts payable | 17/49 | €430,055 | €414,286 | -€15,769 | -3.7% |
| Amounts payable after more than one year | 17 | €314,065 | €294,712 | -€19,353 | -6.2% |
| Financial debts | 170/4 | €314,065 | €294,712 | -€19,353 | -6.2% |
| Amounts payable within one year | 42/48 | €115,989 | €119,574 | +€3,584 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €18,732 | €20,050 | +€1,318 | +7.0% |
| Trade debts | 44 | €2,713 | €6,209 | +€3,496 | +129% |
| Suppliers | 440/4 | €2,713 | €6,209 | +€3,496 | +129% |
| Taxes, remuneration and social security | 45 | €14,882 | €11,359 | -€3,523 | -23.7% |
| Taxes | 450/3 | €4,501 | €3,263 | -€1,238 | -27.5% |
| Remuneration and social security | 454/9 | €10,381 | €8,096 | -€2,285 | -22.0% |
| Other amounts payable | 47/48 | €79,662 | €81,956 | +€2,293 | +2.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,422 | €7,854 | -€3,568 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,544 | €23,513 | +€5,969 | +34.0% |
| Other operating charges | 640/8 | €5,383 | €5,486 | +€103 | +1.9% |
| Gross operating margin | 9900 | €57,737 | €50,174 | -€7,564 | -13.1% |
| Operating profit (loss) | 9901 | €23,388 | €13,321 | -€10,067 | -43.0% |
| Financial income | 75/76B | €5 | €39 | +€34 | +741% |
| Recurring financial income | 75 | €5 | €39 | +€34 | +741% |
| Financial charges | 65/66B | €10,359 | €12,117 | +€1,758 | +17.0% |
| Recurring financial charges | 65 | €10,359 | €12,117 | +€1,758 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €13,033 | €1,242 | -€11,792 | -90.5% |
| Income taxes | 67/77 | €4,135 | €371 | -€3,764 | -91.0% |
| Profit (loss) for the period | 9904 | €8,898 | €870 | -€8,028 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,898 | €870 | -€8,028 | -90.2% |
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 25 October 2026 via checked.be.