Advice: 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.
Advice
Largest movements
- Tangible fixed assets -€29,629
down €29,629 (-5.8%), from €513,580 to €483,951
- Cash +€11,485
up €11,485 (+94.7%), from €12,124 to €23,609
mainly Depreciation (+€29,629) and Net result for the year (+€5,094)
- Debts after one year -€15,791
down €15,791 (-7.3%), from €215,145 to €199,354
of which Financial debts: -€17,510
- Depreciation +€6,101
up €6,101 (+25.9%), from €23,528 to €29,629
- Gross operating margin +€3,850
up €3,850 (+9.1%), from €42,436 to €46,287
- Other operating charges -€1,768
down €1,768 (-40.0%), from €4,417 to €2,649
- Taxes +€510
up €510 (+12.4%), from €4,097 to €4,606
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 | €539,393 | €519,906 | -€19,487 | -3.6% |
| Fixed assets | 21/28 | €513,580 | €483,951 | -€29,629 | -5.8% |
| Tangible fixed assets | 22/27 | €513,580 | €483,951 | -€29,629 | -5.8% |
| Land and buildings | 22 | €368,918 | €361,025 | -€7,893 | -2.1% |
| Furniture and vehicles | 24 | €39,495 | €31,192 | -€8,303 | -21.0% |
| Other tangible fixed assets | 26 | €105,167 | €91,733 | -€13,433 | -12.8% |
| Current assets | 29/58 | €25,813 | €35,955 | +€10,143 | +39.3% |
| Amounts receivable within one year | 40/41 | €13,379 | €11,648 | -€1,732 | -12.9% |
| Trade receivables | 40 | €8,995 | €9,628 | +€633 | +7.0% |
| Other amounts receivable | 41 | €4,385 | €2,020 | -€2,365 | -53.9% |
| Cash at bank and in hand | 54/58 | €12,124 | €23,609 | +€11,485 | +94.7% |
| Deferred charges and accrued income | 490/1 | €309 | €699 | +€390 | +126.0% |
| Total equity and liabilities | 10/49 | €539,393 | €519,906 | -€19,487 | -3.6% |
| Equity | 10/15 | €86,975 | €92,068 | +€5,094 | +5.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €75,677 | €80,771 | +€5,094 | +6.7% |
| Tax-exempt reserves | 132 | €58,187 | €56,843 | -€1,344 | -2.3% |
| Distributable reserves | 133 | €17,490 | €23,928 | +€6,438 | +36.8% |
| Profit (loss) carried forward | 14 | -€18,703 | -€18,702 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €9,859 | €9,523 | -€336 | -3.4% |
| Deferred taxes | 168 | €9,859 | €9,523 | -€336 | -3.4% |
| Amounts payable | 17/49 | €442,559 | €418,315 | -€24,244 | -5.5% |
| Amounts payable after more than one year | 17 | €215,145 | €199,354 | -€15,791 | -7.3% |
| Financial debts | 170/4 | €211,339 | €193,829 | -€17,510 | -8.3% |
| Other amounts payable | 178/9 | €3,806 | €5,525 | +€1,719 | +45.2% |
| Amounts payable within one year | 42/48 | €224,143 | €218,361 | -€5,782 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €20,680 | €19,448 | -€1,232 | -6.0% |
| Trade debts | 44 | €4,492 | €972 | -€3,520 | -78.4% |
| Suppliers | 440/4 | €4,492 | €972 | -€3,520 | -78.4% |
| Taxes, remuneration and social security | 45 | €410 | €3,379 | +€2,969 | +724.8% |
| Taxes | 450/3 | €410 | €3,379 | +€2,969 | +724.8% |
| Other amounts payable | 47/48 | €198,561 | €194,563 | -€3,998 | -2.0% |
| Accrued charges and deferred income | 492/3 | €3,271 | €600 | -€2,671 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,528 | €29,629 | +€6,101 | +25.9% |
| Other operating charges | 640/8 | €4,417 | €2,649 | -€1,768 | -40.0% |
| Gross operating margin | 9900 | €42,436 | €46,287 | +€3,850 | +9.1% |
| Operating profit (loss) | 9901 | €14,491 | €14,009 | -€482 | -3.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,081 | €4,645 | -€436 | -8.6% |
| Recurring financial charges | 65 | €5,081 | €4,645 | -€436 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €9,410 | €9,364 | -€46 | -0.5% |
| Transfer from deferred taxes | 780 | €336 | €336 | = | 0.0% |
| Income taxes | 67/77 | €4,097 | €4,606 | +€510 | +12.4% |
| Profit (loss) for the period | 9904 | €5,650 | €5,094 | -€556 | -9.8% |
| Transfer from tax-exempt reserves | 789 | €1,344 | €1,344 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,994 | €6,438 | -€556 | -7.9% |
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.