A PRIORI: 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 PRIORI
Largest movements
- Current investments -€275,000
down €275,000 (-67.9%), from €405,000 to €130,000
- Cash +€70,000
up €70,000 (+71.4%), from €98,102 to €168,102
mainly Current investments (+€275,000) and Net result for the year (+€73,679)
- Tangible fixed assets -€10,374
down €10,374 (-2.3%), from €442,568 to €432,194
of which Land and buildings: -€12,570
- Other debts -€129,736
down €129,736 (-49.7%), from €261,171 to €131,435
- Reserves -€46,321
down €46,321 (-13.4%), from €344,781 to €298,460
of which Distributable reserves: -€39,354
- Debts after one year -€16,049
down €16,049 (-7.1%), from €225,221 to €209,172
- Tax, wage and social debts -€10,489
down €10,489 (-100%), from €10,489 to €0
- Gross operating margin -€107,900
down €107,900 (-48.1%), from €224,488 to €116,588
- Taxes -€28,103
down €28,103 (-50.0%), from €56,164 to €28,062
- Financial income -€4,168
down €4,168 (-34.3%), from €12,162 to €7,994
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 | €971,174 | €758,185 | -€212,989 | -21.9% |
| Fixed assets | 21/28 | €442,568 | €432,194 | -€10,374 | -2.3% |
| Tangible fixed assets | 22/27 | €442,568 | €432,194 | -€10,374 | -2.3% |
| Land and buildings | 22 | €431,899 | €419,329 | -€12,570 | -2.9% |
| Furniture and vehicles | 24 | €10,669 | €12,865 | +€2,195 | +20.6% |
| Current assets | 29/58 | €528,606 | €325,991 | -€202,615 | -38.3% |
| Amounts receivable within one year | 40/41 | €23,956 | €26,118 | +€2,161 | +9.0% |
| Trade receivables | 40 | €18,912 | €15,950 | -€2,961 | -15.7% |
| Other amounts receivable | 41 | €5,045 | €10,167 | +€5,122 | +102% |
| Current investments | 50/53 | €405,000 | €130,000 | -€275,000 | -67.9% |
| Cash at bank and in hand | 54/58 | €98,102 | €168,102 | +€70,000 | +71.4% |
| Deferred charges and accrued income | 490/1 | €1,548 | €1,772 | +€224 | +14.4% |
| Total equity and liabilities | 10/49 | €971,174 | €758,185 | -€212,989 | -21.9% |
| Equity | 10/15 | €346,781 | €300,460 | -€46,321 | -13.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €344,781 | €298,460 | -€46,321 | -13.4% |
| Tax-exempt reserves | 132 | €213,133 | €206,167 | -€6,966 | -3.3% |
| Distributable reserves | 133 | €131,648 | €92,293 | -€39,354 | -29.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €71,044 | €68,722 | -€2,322 | -3.3% |
| Deferred taxes | 168 | €71,044 | €68,722 | -€2,322 | -3.3% |
| Amounts payable | 17/49 | €553,349 | €389,003 | -€164,347 | -29.7% |
| Amounts payable after more than one year | 17 | €225,221 | €209,172 | -€16,049 | -7.1% |
| Financial debts | 170/4 | €225,221 | €209,172 | -€16,049 | -7.1% |
| Amounts payable within one year | 42/48 | €328,128 | €179,830 | -€148,298 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €15,521 | €16,049 | +€528 | +3.4% |
| Trade debts | 44 | €40,947 | €32,347 | -€8,601 | -21.0% |
| Suppliers | 440/4 | €40,947 | €32,347 | -€8,601 | -21.0% |
| Taxes, remuneration and social security | 45 | €10,489 | €0 | -€10,489 | -100% |
| Taxes | 450/3 | €10,489 | €0 | -€10,489 | -100% |
| Other amounts payable | 47/48 | €261,171 | €131,435 | -€129,736 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,619 | €14,044 | +€425 | +3.1% |
| Other operating charges | 640/8 | €3,250 | €3,020 | -€230 | -7.1% |
| Gross operating margin | 9900 | €224,488 | €116,588 | -€107,900 | -48.1% |
| Operating profit (loss) | 9901 | €207,619 | €99,524 | -€108,094 | -52.1% |
| Financial income | 75/76B | €12,162 | €7,994 | -€4,168 | -34.3% |
| Recurring financial income | 75 | €12,162 | €7,994 | -€4,168 | -34.3% |
| Financial charges | 65/66B | €8,624 | €8,099 | -€525 | -6.1% |
| Recurring financial charges | 65 | €8,624 | €8,099 | -€525 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €211,156 | €99,419 | -€111,738 | -52.9% |
| Transfer from deferred taxes | 780 | €2,322 | €2,322 | = | 0.0% |
| Income taxes | 67/77 | €56,164 | €28,062 | -€28,103 | -50.0% |
| Profit (loss) for the period | 9904 | €157,314 | €73,679 | -€83,635 | -53.2% |
| Transfer from tax-exempt reserves | 789 | €6,966 | €6,966 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,281 | €80,646 | -€83,635 | -50.9% |
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.