A SURPLUS: 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 SURPLUS
Largest movements
- Cash -€42,602
down €42,602 (-87.7%), from €48,567 to €5,965
mainly Contributions, distributions and other (-€38,000) and Receivables within one year (-€25,044)
- Receivables within one year +€25,044
up €25,044 (+42.2%), from €59,403 to €84,447
of which Other amounts receivable: +€70,697
- Tangible fixed assets -€6,659
down €6,659 (-3.6%), from €183,257 to €176,598
- Other debts +€16,100
new in 2025: €16,100
- Reserves -€15,826
down €15,826 (-4.9%), from €322,177 to €306,351
of which Distributable reserves: -€15,826
- Trade debts -€14,488
down €14,488 (-46.0%), from €31,522 to €17,034
- Debts after one year -€12,316
down €12,316 (-12.3%), from €100,329 to €88,013
- Gross operating margin -€5,462
down €5,462 (-9.6%), from €57,144 to €51,682
- Taxes -€2,427
down €2,427 (-12.7%), from €19,041 to €16,614
- Financial income +€772
up €772 (+26.6%), from €2,900 to €3,672
- Depreciation +€712
up €712 (+6.2%), from €11,507 to €12,219
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 | €490,982 | €469,142 | -€21,840 | -4.4% |
| Fixed assets | 21/28 | €183,257 | €176,598 | -€6,659 | -3.6% |
| Tangible fixed assets | 22/27 | €183,257 | €176,598 | -€6,659 | -3.6% |
| Land and buildings | 22 | €183,257 | €176,598 | -€6,659 | -3.6% |
| Current assets | 29/58 | €307,725 | €292,544 | -€15,181 | -4.9% |
| Amounts receivable within one year | 40/41 | €59,403 | €84,447 | +€25,044 | +42.2% |
| Trade receivables | 40 | €59,015 | €13,362 | -€45,653 | -77.4% |
| Other amounts receivable | 41 | €387 | €71,085 | +€70,697 | +18252.0% |
| Current investments | 50/53 | €199,557 | €202,089 | +€2,532 | +1.3% |
| Cash at bank and in hand | 54/58 | €48,567 | €5,965 | -€42,602 | -87.7% |
| Deferred charges and accrued income | 490/1 | €199 | €43 | -€156 | -78.5% |
| Total equity and liabilities | 10/49 | €490,982 | €469,142 | -€21,840 | -4.4% |
| Equity | 10/15 | €340,777 | €324,951 | -€15,826 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €322,177 | €306,351 | -€15,826 | -4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €320,317 | €304,491 | -€15,826 | -4.9% |
| Amounts payable | 17/49 | €150,205 | €144,191 | -€6,014 | -4.0% |
| Amounts payable after more than one year | 17 | €100,329 | €88,013 | -€12,316 | -12.3% |
| Other amounts payable | 178/9 | €100,329 | €88,013 | -€12,316 | -12.3% |
| Amounts payable within one year | 42/48 | €49,876 | €56,178 | +€6,302 | +12.6% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €31,522 | €17,034 | -€14,488 | -46.0% |
| Suppliers | 440/4 | €31,522 | €17,034 | -€14,488 | -46.0% |
| Taxes, remuneration and social security | 45 | €18,353 | €23,045 | +€4,691 | +25.6% |
| Taxes | 450/3 | €18,353 | €23,045 | +€4,691 | +25.6% |
| Other amounts payable | 47/48 | - | €16,100 | +€16,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,507 | €12,219 | +€712 | +6.2% |
| Other operating charges | 640/8 | €4,384 | €4,239 | -€145 | -3.3% |
| Gross operating margin | 9900 | €57,144 | €51,682 | -€5,462 | -9.6% |
| Operating profit (loss) | 9901 | €41,253 | €35,224 | -€6,028 | -14.6% |
| Financial income | 75/76B | €2,900 | €3,672 | +€772 | +26.6% |
| Recurring financial income | 75 | €2,900 | €3,672 | +€772 | +26.6% |
| Financial charges | 65/66B | €350 | €108 | -€242 | -69.2% |
| Recurring financial charges | 65 | €350 | €108 | -€242 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €43,802 | €38,788 | -€5,014 | -11.4% |
| Income taxes | 67/77 | €19,041 | €16,614 | -€2,427 | -12.7% |
| Profit (loss) for the period | 9904 | €24,761 | €22,174 | -€2,587 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,761 | €22,174 | -€2,587 | -10.4% |
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 29 September 2026 via checked.be.