ACTIVITY CENTER: 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.
ACTIVITY CENTER
Largest movements
- Receivables within one year +€49,368
up €49,368 (+420.7%), from €11,735 to €61,103
- Tangible fixed assets -€41,555
down €41,555 (-31.3%), from €132,815 to €91,260
- Cash +€11,874
up €11,874 (+25.0%), from €47,534 to €59,409
mainly Depreciation (+€47,837) and Other debts (+€47,152)
- Other debts +€47,152
up €47,152 (+1052.7%), from €4,479 to €51,631
- Tax, wage and social debts -€12,867
down €12,867 (-85.0%), from €15,142 to €2,274
- Reserves -€11,981
down €11,981 (-6.8%), from €175,027 to €163,046
- Trade debts -€2,618
down €2,618 (-66.7%), from €3,926 to €1,308
- Gross operating margin -€29,239
down €29,239 (-21.2%), from €138,143 to €108,904
- Taxes -€12,592
down €12,592 (-39.0%), from €32,316 to €19,724
- Depreciation +€8,375
up €8,375 (+21.2%), from €39,462 to €47,837
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 | €204,781 | €224,467 | +€19,686 | +9.6% |
| Fixed assets | 21/28 | €132,815 | €91,260 | -€41,555 | -31.3% |
| Tangible fixed assets | 22/27 | €132,815 | €91,260 | -€41,555 | -31.3% |
| Plant, machinery and equipment | 23 | €739 | €4,856 | +€4,117 | +556.7% |
| Furniture and vehicles | 24 | €62,216 | €49,647 | -€12,569 | -20.2% |
| Leasing and similar rights | 25 | €20,293 | - | -€20,293 | |
| Other tangible fixed assets | 26 | €49,567 | €36,757 | -€12,810 | -25.8% |
| Current assets | 29/58 | €71,966 | €133,207 | +€61,241 | +85.1% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,735 | €61,103 | +€49,368 | +420.7% |
| Other amounts receivable | 41 | €11,735 | €61,103 | +€49,368 | +420.7% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,534 | €59,409 | +€11,874 | +25.0% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,095 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €204,781 | €224,467 | +€19,686 | +9.6% |
| Equity | 10/15 | €181,235 | €169,254 | -€11,981 | -6.6% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €175,027 | €163,046 | -€11,981 | -6.8% |
| Distributable reserves | 133 | €175,027 | €163,046 | -€11,981 | -6.8% |
| Amounts payable | 17/49 | €23,546 | €55,213 | +€31,667 | +134.5% |
| Amounts payable within one year | 42/48 | €23,546 | €55,213 | +€31,667 | +134.5% |
| Trade debts | 44 | €3,926 | €1,308 | -€2,618 | -66.7% |
| Suppliers | 440/4 | €3,926 | €1,308 | -€2,618 | -66.7% |
| Taxes, remuneration and social security | 45 | €15,142 | €2,274 | -€12,867 | -85.0% |
| Taxes | 450/3 | €15,142 | €2,274 | -€12,867 | -85.0% |
| Other amounts payable | 47/48 | €4,479 | €51,631 | +€47,152 | +1052.7% |
| Non-recurring operating income | 76A | €3,620 | - | -€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,462 | €47,837 | +€8,375 | +21.2% |
| Other operating charges | 640/8 | €2,385 | €1,795 | -€589 | -24.7% |
| Gross operating margin | 9900 | €138,143 | €108,904 | -€29,239 | -21.2% |
| Operating profit (loss) | 9901 | €96,297 | €59,272 | -€37,024 | -38.4% |
| Financial income | 75/76B | €615 | €818 | +€203 | +33.1% |
| Recurring financial income | 75 | €615 | €818 | +€203 | +33.1% |
| Financial charges | 65/66B | €505 | €716 | +€211 | +41.8% |
| Recurring financial charges | 65 | €505 | €716 | +€211 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €96,406 | €59,375 | -€37,032 | -38.4% |
| Income taxes | 67/77 | €32,316 | €19,724 | -€12,592 | -39.0% |
| Profit (loss) for the period | 9904 | €64,090 | €39,650 | -€24,440 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,090 | €39,650 | -€24,440 | -38.1% |
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 6 October 2026 via checked.be.