A610: 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.
A610
Largest movements
- Tangible fixed assets -€17,000
down €17,000 (-3.7%), from €461,050 to €444,049
of which Land and buildings: -€13,454
- Cash +€12,616
up €12,616 (+34.3%), from €36,766 to €49,381
mainly Depreciation (+€33,677) and Contributions, distributions and other (+€13,993)
- Investment grants +€13,993
new in 2025: €13,993
- Other debts -€10,714
down €10,714 (-2.3%), from €456,032 to €445,317
- Profit (loss) carried forward -€8,950
down €8,950 (-8.8%), from -€102,135 to -€111,086
- Trade debts +€5,689
up €5,689, from €0 to €5,689
- Turnover -€82,025
no longer reported in 2025 (was €82,025)
- Purchases and services -€51,603
no longer reported in 2025 (was €51,603)
- Depreciation +€2,521
up €2,521 (+8.1%), from €31,156 to €33,677
- Gross operating margin +€2,078
up €2,078 (+6.4%), from €32,338 to €34,416
- Financial charges +€2,013
up €2,013 (+69.0%), from €2,915 to €4,928
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 | €499,053 | €499,746 | +€693 | +0.1% |
| Fixed assets | 21/28 | €461,050 | €444,049 | -€17,000 | -3.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €461,050 | €444,049 | -€17,000 | -3.7% |
| Land and buildings | 22 | €429,207 | €415,753 | -€13,454 | -3.1% |
| Plant, machinery and equipment | 23 | €24,214 | €22,466 | -€1,748 | -7.2% |
| Furniture and vehicles | 24 | €7,628 | €5,830 | -€1,799 | -23.6% |
| Current assets | 29/58 | €38,003 | €55,697 | +€17,694 | +46.6% |
| Amounts receivable within one year | 40/41 | €0 | €445 | +€445 | |
| Trade receivables | 40 | €0 | €295 | +€295 | |
| Other amounts receivable | 41 | €0 | €150 | +€150 | |
| Cash at bank and in hand | 54/58 | €36,766 | €49,381 | +€12,616 | +34.3% |
| Deferred charges and accrued income | 490/1 | €1,238 | €5,870 | +€4,633 | +374.3% |
| Total equity and liabilities | 10/49 | €499,053 | €499,746 | +€693 | +0.1% |
| Equity | 10/15 | -€79,935 | -€74,893 | +€5,043 | +6.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,200 | €2,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,135 | -€111,086 | -€8,950 | -8.8% |
| Investment grants | 15 | - | €13,993 | +€13,993 | |
| Amounts payable | 17/49 | €578,988 | €574,639 | -€4,349 | -0.8% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €457,062 | €452,661 | -€4,401 | -1.0% |
| Trade debts | 44 | €0 | €5,689 | +€5,689 | |
| Suppliers | 440/4 | €0 | €5,689 | +€5,689 | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,031 | €1,655 | +€624 | +60.5% |
| Taxes | 450/3 | €1,031 | €1,655 | +€624 | +60.5% |
| Other amounts payable | 47/48 | €456,032 | €445,317 | -€10,714 | -2.3% |
| Accrued charges and deferred income | 492/3 | €1,926 | €1,978 | +€52 | +2.7% |
| Turnover | 70 | €82,025 | - | -€82,025 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,603 | - | -€51,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,156 | €33,677 | +€2,521 | +8.1% |
| Other operating charges | 640/8 | €4,272 | €4,407 | +€135 | +3.2% |
| Non-recurring operating charges | 66A | €126 | €658 | +€531 | +421.0% |
| Gross operating margin | 9900 | €32,338 | €34,416 | +€2,078 | +6.4% |
| Operating profit (loss) | 9901 | -€3,216 | -€4,325 | -€1,109 | -34.5% |
| Financial income | 75/76B | €164 | €517 | +€353 | +215.0% |
| Recurring financial income | 75 | €164 | €517 | +€353 | +215.0% |
| Financial charges | 65/66B | €2,915 | €4,928 | +€2,013 | +69.0% |
| Recurring financial charges | 65 | €2,915 | €4,928 | +€2,013 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,967 | -€8,736 | -€2,769 | -46.4% |
| Income taxes | 67/77 | €207 | €215 | +€7 | +3.5% |
| Profit (loss) for the period | 9904 | -€6,175 | -€8,950 | -€2,776 | -45.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,175 | -€8,950 | -€2,776 | -45.0% |
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.