Alexander BINON: 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.
Alexander BINON
Largest movements
- Tangible fixed assets -€11,360
down €11,360 (-3.1%), from €364,385 to €353,025
of which Land and buildings: -€10,710
- Cash -€4,137
down €4,137 (-99.0%), from €4,177 to €40
mainly Debts after one year (-€16,357) and Other debts (-€10,204)
- Debts after one year -€16,357
down €16,357 (-5.0%), from €327,357 to €311,000
- Other debts -€10,204
down €10,204 (-19.8%), from €51,525 to €41,321
- Profit (loss) carried forward +€7,948
up €7,948 (+8.2%), from -€96,401 to -€88,453
- Gross operating margin -€8,813
down €8,813 (-21.9%), from €40,235 to €31,422
- Financial charges -€5,843
down €5,843 (-38.4%), from €15,206 to €9,363
of which Non-recurring financial charges: -€5,400
- Taxes -€2,090
down €2,090 (-68.2%), from €3,063 to €973
- Other operating charges -€808
down €808 (-31.2%), from €2,587 to €1,779
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 | €381,710 | €362,968 | -€18,742 | -4.9% |
| Fixed assets | 21/28 | €364,385 | €353,025 | -€11,360 | -3.1% |
| Tangible fixed assets | 22/27 | €364,385 | €353,025 | -€11,360 | -3.1% |
| Land and buildings | 22 | €363,086 | €352,376 | -€10,710 | -2.9% |
| Furniture and vehicles | 24 | €1,299 | €649 | -€650 | -50.0% |
| Current assets | 29/58 | €17,325 | €9,943 | -€7,382 | -42.6% |
| Amounts receivable within one year | 40/41 | €13,148 | €9,903 | -€3,245 | -24.7% |
| Trade receivables | 40 | €13,148 | €9,903 | -€3,245 | -24.7% |
| Cash at bank and in hand | 54/58 | €4,177 | €40 | -€4,137 | -99.0% |
| Total equity and liabilities | 10/49 | €381,710 | €362,968 | -€18,742 | -4.9% |
| Equity | 10/15 | -€21,401 | -€13,453 | +€7,948 | +37.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,401 | -€88,453 | +€7,948 | +8.2% |
| Amounts payable | 17/49 | €403,111 | €376,421 | -€26,690 | -6.6% |
| Amounts payable after more than one year | 17 | €327,357 | €311,000 | -€16,357 | -5.0% |
| Financial debts | 170/4 | €327,357 | €311,000 | -€16,357 | -5.0% |
| Amounts payable within one year | 42/48 | €75,754 | €65,421 | -€10,333 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €15,932 | €16,357 | +€425 | +2.7% |
| Financial debts | 43 | €1,106 | €1,169 | +€63 | +5.7% |
| Credit institutions | 430/8 | €1,106 | €1,169 | +€63 | +5.7% |
| Trade debts | 44 | €1,645 | €3,009 | +€1,364 | +82.9% |
| Suppliers | 440/4 | €1,645 | €3,009 | +€1,364 | +82.9% |
| Taxes, remuneration and social security | 45 | €5,546 | €3,565 | -€1,981 | -35.7% |
| Taxes | 450/3 | €5,546 | €3,565 | -€1,981 | -35.7% |
| Other amounts payable | 47/48 | €51,525 | €41,321 | -€10,204 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,528 | €11,359 | -€169 | -1.5% |
| Other operating charges | 640/8 | €2,587 | €1,779 | -€808 | -31.2% |
| Gross operating margin | 9900 | €40,235 | €31,422 | -€8,813 | -21.9% |
| Operating profit (loss) | 9901 | €26,120 | €18,284 | -€7,836 | -30.0% |
| Financial charges | 65/66B | €15,206 | €9,363 | -€5,843 | -38.4% |
| Recurring financial charges | 65 | €9,806 | €9,363 | -€443 | -4.5% |
| Non-recurring financial charges | 66B | €5,400 | - | -€5,400 | |
| Profit (loss) for the period before taxes | 9903 | €10,914 | €8,921 | -€1,993 | -18.3% |
| Income taxes | 67/77 | €3,063 | €973 | -€2,090 | -68.2% |
| Profit (loss) for the period | 9904 | €7,851 | €7,948 | +€97 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,851 | €7,948 | +€97 | +1.2% |
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.