A L'ETAGE: 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 L'ETAGE
Largest movements
- Tangible fixed assets -€120,093
down €120,093 (-43.2%), from €277,864 to €157,771
- Cash +€119,337
up €119,337 (+371%), from €32,133 to €151,470
mainly Investment in fixed assets (net) (+€116,039) and Net result for the year (+€6,354)
- Other debts -€7,088
down €7,088 (-41.6%), from €17,041 to €9,953
- Profit (loss) carried forward +€6,354
up €6,354 (+6.0%), from -€106,145 to -€99,791
- Gross operating margin +€53,547
up €53,547 (+1,079%), from €4,961 to €58,508
- Other operating charges +€46,740
up €46,740 (+3,060%), from €1,527 to €48,267
- Depreciation -€4,641
down €4,641 (-53.4%), from €8,694 to €4,054
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 | €309,996 | €309,240 | -€756 | -0.2% |
| Fixed assets | 21/28 | €277,864 | €157,771 | -€120,093 | -43.2% |
| Tangible fixed assets | 22/27 | €277,864 | €157,771 | -€120,093 | -43.2% |
| Land and buildings | 22 | €277,864 | €157,771 | -€120,093 | -43.2% |
| Current assets | 29/58 | €32,133 | €151,470 | +€119,337 | +371% |
| Cash at bank and in hand | 54/58 | €32,133 | €151,470 | +€119,337 | +371% |
| Total equity and liabilities | 10/49 | €309,996 | €309,240 | -€756 | -0.2% |
| Equity | 10/15 | €261,505 | €267,859 | +€6,354 | +2.4% |
| Contributions | 10/11 | €361,500 | €361,500 | = | 0.0% |
| Capital | 10 | €361,500 | €361,500 | = | 0.0% |
| Issued capital | 100 | €361,500 | €361,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,145 | -€99,791 | +€6,354 | +6.0% |
| Amounts payable | 17/49 | €48,491 | €41,381 | -€7,110 | -14.7% |
| Amounts payable after more than one year | 17 | - | €300 | +€300 | |
| Other amounts payable | 178/9 | - | €300 | +€300 | |
| Amounts payable within one year | 42/48 | €48,491 | €41,081 | -€7,410 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €31,037 | €31,037 | = | 0.0% |
| Trade debts | 44 | €413 | €91 | -€322 | -78.0% |
| Suppliers | 440/4 | €413 | €91 | -€322 | -78.0% |
| Other amounts payable | 47/48 | €17,041 | €9,953 | -€7,088 | -41.6% |
| Non-recurring operating income | 76A | - | €55,898 | +€55,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,694 | €4,054 | -€4,641 | -53.4% |
| Other operating charges | 640/8 | €1,527 | €48,267 | +€46,740 | +3,060% |
| Gross operating margin | 9900 | €4,961 | €58,508 | +€53,547 | +1,079% |
| Operating profit (loss) | 9901 | -€5,260 | €6,187 | +€11,448 | |
| Financial income | 75/76B | €169 | €307 | +€138 | +82.0% |
| Recurring financial income | 75 | €169 | €307 | +€138 | +82.0% |
| Financial charges | 65/66B | €63 | €141 | +€78 | +125% |
| Recurring financial charges | 65 | €63 | €141 | +€78 | +125% |
| Profit (loss) for the period before taxes | 9903 | -€5,154 | €6,354 | +€11,508 | |
| Income taxes | 67/77 | €35 | - | -€35 | |
| Profit (loss) for the period | 9904 | -€5,189 | €6,354 | +€11,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,189 | €6,354 | +€11,543 |
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 26 October 2026 via checked.be.