AKTIF: 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.
AKTIF
Largest movements
- Financial fixed assets +€329,158
up €329,158 (+26.6%), from €1.2m to €1.6m
- Receivables after one year -€133,900
down €133,900 (-23.2%), from €576,743 to €442,843
- Debts after one year +€193,320
up €193,320 (+20.2%), from €956,439 to €1.1m
- Current portion of long-term debt +€31,182
up €31,182 (+52.0%), from €60,017 to €91,199
- Reserves -€22,400
down €22,400 (-30.0%), from €74,613 to €52,213
- Financial charges -€43,821
down €43,821 (-44.4%), from €98,725 to €54,904
- Financial income +€11,711
up €11,711 (+48.2%), from €24,306 to €36,017
- Gross operating margin +€626
up €626 (+21.2%), from -€2,959 to -€2,333
- Other operating charges +€39
up €39 (+3.4%), from €1,141 to €1,180
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.
Derived cash bridge
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 | €1,860,690 | €2,066,598 | +€205,908 | +11.1% |
| Fixed assets | 21/28 | €1,239,237 | €1,568,395 | +€329,158 | +26.6% |
| Financial fixed assets | 28 | €1,239,237 | €1,568,395 | +€329,158 | +26.6% |
| Current assets | 29/58 | €621,453 | €498,203 | -€123,250 | -19.8% |
| Amounts receivable after more than one year | 29 | €576,743 | €442,843 | -€133,900 | -23.2% |
| Other amounts receivable | 291 | €576,743 | €442,843 | -€133,900 | -23.2% |
| Amounts receivable within one year | 40/41 | €44,701 | €42,023 | -€2,678 | -6.0% |
| Other amounts receivable | 41 | €44,701 | €42,023 | -€2,678 | -6.0% |
| Cash at bank and in hand | 54/58 | €9 | €13,337 | +€13,328 | +148,089% |
| Total equity and liabilities | 10/49 | €1,860,690 | €2,066,598 | +€205,908 | +11.1% |
| Equity | 10/15 | €781,128 | €758,728 | -€22,400 | -2.9% |
| Contributions | 10/11 | €706,515 | €706,515 | = | 0.0% |
| Reserves | 13 | €74,613 | €52,213 | -€22,400 | -30.0% |
| Distributable reserves | 133 | €74,613 | €52,213 | -€22,400 | -30.0% |
| Amounts payable | 17/49 | €1,079,562 | €1,307,870 | +€228,308 | +21.1% |
| Amounts payable after more than one year | 17 | €956,439 | €1,149,759 | +€193,320 | +20.2% |
| Financial debts | 170/4 | €956,439 | €1,149,759 | +€193,320 | +20.2% |
| Amounts payable within one year | 42/48 | €78,308 | €109,365 | +€31,057 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €60,017 | €91,199 | +€31,182 | +52.0% |
| Financial debts | 43 | €8 | - | -€8 | |
| Credit institutions | 430/8 | €8 | - | -€8 | |
| Trade debts | 44 | €967 | €659 | -€308 | -31.9% |
| Suppliers | 440/4 | €967 | €659 | -€308 | -31.9% |
| Other amounts payable | 47/48 | €17,316 | €17,507 | +€191 | +1.1% |
| Accrued charges and deferred income | 492/3 | €44,815 | €48,746 | +€3,931 | +8.8% |
| Other operating charges | 640/8 | €1,141 | €1,180 | +€39 | +3.4% |
| Gross operating margin | 9900 | -€2,959 | -€2,333 | +€626 | +21.2% |
| Operating profit (loss) | 9901 | -€4,100 | -€3,513 | +€587 | +14.3% |
| Financial income | 75/76B | €24,306 | €36,017 | +€11,711 | +48.2% |
| Recurring financial income | 75 | €24,306 | €36,017 | +€11,711 | +48.2% |
| Financial charges | 65/66B | €98,725 | €54,904 | -€43,821 | -44.4% |
| Recurring financial charges | 65 | €98,725 | €54,904 | -€43,821 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,519 | -€22,400 | +€56,119 | +71.5% |
| Profit (loss) for the period | 9904 | -€78,519 | -€22,400 | +€56,119 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,519 | -€22,400 | +€56,119 | +71.5% |
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 19 October 2026 via checked.be.