A Property: what changed
Two fiscal 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 Property
Largest movements
- Tangible fixed assets +€65,726
up €65,726 (+38224.0%), from €172 to €65,898
- Cash -€26,246
down €26,246 (-36.7%), from €71,559 to €45,313
mainly Investment in fixed assets (net) (-€75,889) and Net result for the year (-€23,016)
- Receivables within one year -€7,947
down €7,947 (-9.5%), from €83,655 to €75,708
of which Other amounts receivable: -€4,598
- Debts after one year +€45,614
new in 2025: €45,614
- Profit (loss) carried forward -€23,016
down €23,016 (-72.4%), from -€31,789 to -€54,805
- Current portion of long-term debt +€12,475
new in 2025: €12,475
- Other debts -€6,067
down €6,067 (-66.1%), from €9,182 to €3,115
- Gross operating margin +€15,853
up €15,853 (+65.2%), from -€24,320 to -€8,467
- Depreciation +€9,833
up €9,833 (+2977.0%), from €330 to €10,163
- Financial charges +€1,095
up €1,095 (+59.5%), from €1,839 to €2,933
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 | €165,744 | €196,780 | +€31,035 | +18.7% |
| Fixed assets | 21/28 | €9,472 | €75,198 | +€65,726 | +693.9% |
| Tangible fixed assets | 22/27 | €172 | €65,898 | +€65,726 | +38224.0% |
| Furniture and vehicles | 24 | €172 | €65,898 | +€65,726 | +38224.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €156,272 | €121,582 | -€34,691 | -22.2% |
| Amounts receivable within one year | 40/41 | €83,655 | €75,708 | -€7,947 | -9.5% |
| Trade receivables | 40 | €4,068 | €719 | -€3,349 | -82.3% |
| Other amounts receivable | 41 | €79,587 | €74,989 | -€4,598 | -5.8% |
| Cash at bank and in hand | 54/58 | €71,559 | €45,313 | -€26,246 | -36.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €560 | -€498 | -47.0% |
| Total equity and liabilities | 10/49 | €165,744 | €196,780 | +€31,035 | +18.7% |
| Equity | 10/15 | €135,549 | €112,533 | -€23,016 | -17.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €148,788 | €148,788 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,400 | €5,400 | = | 0.0% |
| Distributable reserves | 133 | €143,388 | €143,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,789 | -€54,805 | -€23,016 | -72.4% |
| Amounts payable | 17/49 | €30,196 | €84,247 | +€54,051 | +179.0% |
| Amounts payable after more than one year | 17 | - | €45,614 | +€45,614 | |
| Financial debts | 170/4 | - | €45,614 | +€45,614 | |
| Amounts payable within one year | 42/48 | €28,975 | €37,190 | +€8,215 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,475 | +€12,475 | |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €3,668 | €4,427 | +€759 | +20.7% |
| Suppliers | 440/4 | €3,668 | €4,427 | +€759 | +20.7% |
| Taxes, remuneration and social security | 45 | €6,125 | €7,173 | +€1,048 | +17.1% |
| Taxes | 450/3 | €6,125 | €2,131 | -€3,994 | -65.2% |
| Remuneration and social security | 454/9 | - | €5,042 | +€5,042 | |
| Other amounts payable | 47/48 | €9,182 | €3,115 | -€6,067 | -66.1% |
| Accrued charges and deferred income | 492/3 | €1,220 | €1,443 | +€223 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €10,163 | +€9,833 | +2977.0% |
| Other operating charges | 640/8 | €387 | €453 | +€66 | +16.9% |
| Non-recurring operating charges | 66A | - | €1,450 | +€1,450 | |
| Gross operating margin | 9900 | -€24,320 | -€8,467 | +€15,853 | +65.2% |
| Operating profit (loss) | 9901 | -€25,037 | -€20,533 | +€4,505 | +18.0% |
| Financial income | 75/76B | €659 | €573 | -€85 | -13.0% |
| Recurring financial income | 75 | €659 | €573 | -€85 | -13.0% |
| Financial charges | 65/66B | €1,839 | €2,933 | +€1,095 | +59.5% |
| Recurring financial charges | 65 | €1,839 | €2,933 | +€1,095 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,217 | -€22,893 | +€3,325 | +12.7% |
| Income taxes | 67/77 | €54 | €123 | +€69 | +126.4% |
| Profit (loss) for the period | 9904 | -€26,272 | -€23,016 | +€3,256 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,272 | -€23,016 | +€3,256 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.