Accounting Crows: 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.
Accounting Crows
Largest movements
- Tangible fixed assets +€189,206
up €189,206 (+121.2%), from €156,085 to €345,291
of which Land and buildings: +€237,925
- Cash +€25,172
up €25,172 (+78.5%), from €32,051 to €57,223
mainly Net result for the year (+€184,900) and Debts after one year (+€152,450)
- Receivables within one year -€22,937
down €22,937 (-11.1%), from €205,846 to €182,909
of which Trade receivables: -€29,217
- Debts after one year +€152,450
up €152,450 (+175.1%), from €87,055 to €239,505
- Reserves +€54,727
up €54,727 (+23.8%), from €230,173 to €284,900
- Trade debts -€18,073
down €18,073 (-36.1%), from €50,066 to €31,993
- Current portion of long-term debt +€6,626
up €6,626 (+21.4%), from €30,924 to €37,550
- Gross operating margin +€36,486
up €36,486 (+15.3%), from €238,324 to €274,811
- Taxes +€11,607
up €11,607 (+24.1%), from €48,181 to €59,788
- Depreciation -€9,291
down €9,291 (-30.1%), from €30,861 to €21,570
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 | €403,876 | €596,448 | +€192,572 | +47.7% |
| Fixed assets | 21/28 | €156,085 | €345,291 | +€189,206 | +121.2% |
| Tangible fixed assets | 22/27 | €156,085 | €345,291 | +€189,206 | +121.2% |
| Land and buildings | 22 | €2,851 | €240,777 | +€237,925 | +8344.5% |
| Furniture and vehicles | 24 | €153,234 | €104,514 | -€48,720 | -31.8% |
| Current assets | 29/58 | €247,791 | €251,157 | +€3,367 | +1.4% |
| Amounts receivable within one year | 40/41 | €205,846 | €182,909 | -€22,937 | -11.1% |
| Trade receivables | 40 | €201,039 | €171,822 | -€29,217 | -14.5% |
| Other amounts receivable | 41 | €4,806 | €11,087 | +€6,280 | +130.7% |
| Cash at bank and in hand | 54/58 | €32,051 | €57,223 | +€25,172 | +78.5% |
| Deferred charges and accrued income | 490/1 | €9,894 | €11,025 | +€1,131 | +11.4% |
| Total equity and liabilities | 10/49 | €403,876 | €596,448 | +€192,572 | +47.7% |
| Equity | 10/15 | €232,673 | €287,400 | +€54,727 | +23.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €230,173 | €284,900 | +€54,727 | +23.8% |
| Distributable reserves | 133 | €230,173 | €284,900 | +€54,727 | +23.8% |
| Amounts payable | 17/49 | €171,203 | €309,048 | +€137,846 | +80.5% |
| Amounts payable after more than one year | 17 | €87,055 | €239,505 | +€152,450 | +175.1% |
| Financial debts | 170/4 | €87,055 | €239,505 | +€152,450 | +175.1% |
| Amounts payable within one year | 42/48 | €84,148 | €69,543 | -€14,605 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €30,924 | €37,550 | +€6,626 | +21.4% |
| Trade debts | 44 | €50,066 | €31,993 | -€18,073 | -36.1% |
| Suppliers | 440/4 | €50,066 | €31,993 | -€18,073 | -36.1% |
| Taxes, remuneration and social security | 45 | €3,129 | - | -€3,129 | |
| Taxes | 450/3 | €3,129 | - | -€3,129 | |
| Other amounts payable | 47/48 | €29 | - | -€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,861 | €21,570 | -€9,291 | -30.1% |
| Other operating charges | 640/8 | €1,694 | €1,153 | -€541 | -31.9% |
| Non-recurring operating charges | 66A | - | €3,933 | +€3,933 | |
| Gross operating margin | 9900 | €238,324 | €274,811 | +€36,486 | +15.3% |
| Operating profit (loss) | 9901 | €205,769 | €248,154 | +€42,385 | +20.6% |
| Financial charges | 65/66B | €2,415 | €3,467 | +€1,052 | +43.5% |
| Recurring financial charges | 65 | €2,415 | €3,467 | +€1,052 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €203,354 | €244,688 | +€41,333 | +20.3% |
| Income taxes | 67/77 | €48,181 | €59,788 | +€11,607 | +24.1% |
| Profit (loss) for the period | 9904 | €155,173 | €184,900 | +€29,727 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €155,173 | €184,900 | +€29,727 | +19.2% |
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 9 October 2026 via checked.be.