ALL EXEPTIONAL: 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.
ALL EXEPTIONAL
Largest movements
- Cash -€1.3m
down €1.3m (-42.5%), from €3.0m to €1.8m
mainly Investment in fixed assets (net) (-€2.6m) and Other debts (-€769,265)
- Tangible fixed assets +€1.2m
up €1.2m (+18.2%), from €6.8m to €8.0m
of which Land and buildings: +€1.1m
- Receivables within one year +€267,507
up €267,507 (+14.8%), from €1.8m to €2.1m
of which Trade receivables: +€570,062
- Trade debts +€1.3m
up €1.3m (+204.8%), from €647,492 to €2.0m
- Other debts -€769,265
down €769,265 (-69.9%), from €1.1m to €331,293
- Profit (loss) carried forward -€494,522
new in 2025: -€494,522
- Tax, wage and social debts +€244,471
up €244,471 (+80.0%), from €305,492 to €549,963
of which Taxes: +€137,855
- Other operating charges +€1.2m
up €1.2m (+475.1%), from €260,026 to €1.5m
- Taxes -€190,668
down €190,668 (-95.5%), from €199,600 to €8,932
- Staff costs +€156,671
up €156,671 (+4.6%), from €3.4m to €3.6m
- Depreciation +€155,728
up €155,728 (+12.4%), from €1.3m to €1.4m
- Financial charges -€102,370
down €102,370 (-38.1%), from €268,775 to €166,405
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 | €11,718,263 | €11,960,498 | +€242,234 | +2.1% |
| Fixed assets | 21/28 | €6,751,580 | €7,980,832 | +€1.2m | +18.2% |
| Tangible fixed assets | 22/27 | €6,750,456 | €7,979,708 | +€1.2m | +18.2% |
| Land and buildings | 22 | €1,649,343 | €2,742,019 | +€1.1m | +66.2% |
| Plant, machinery and equipment | 23 | €383,684 | €412,399 | +€28,715 | +7.5% |
| Furniture and vehicles | 24 | €258,716 | €334,711 | +€75,995 | +29.4% |
| Leasing and similar rights | 25 | €4,455,887 | €4,488,156 | +€32,268 | +0.7% |
| Other tangible fixed assets | 26 | €2,826 | €2,423 | -€402 | -14.2% |
| Financial fixed assets | 28 | €1,124 | €1,124 | = | 0.0% |
| Current assets | 29/58 | €4,966,683 | €3,979,666 | -€987,017 | -19.9% |
| Amounts receivable within one year | 40/41 | €1,808,939 | €2,076,446 | +€267,507 | +14.8% |
| Trade receivables | 40 | €1,325,968 | €1,896,029 | +€570,062 | +43.0% |
| Other amounts receivable | 41 | €482,972 | €180,417 | -€302,555 | -62.6% |
| Cash at bank and in hand | 54/58 | €3,047,809 | €1,751,235 | -€1.3m | -42.5% |
| Deferred charges and accrued income | 490/1 | €109,935 | €151,984 | +€42,050 | +38.2% |
| Total equity and liabilities | 10/49 | €11,718,263 | €11,960,498 | +€242,234 | +2.1% |
| Equity | 10/15 | €3,732,192 | €3,237,670 | -€494,522 | -13.3% |
| Contributions | 10/11 | €79,919 | €79,919 | = | 0.0% |
| Reserves | 13 | €3,652,274 | €3,652,274 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,494 | €15,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,494 | €15,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,920,369 | €2,920,369 | = | 0.0% |
| Distributable reserves | 133 | €716,410 | €716,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€494,522 | -€494,522 | |
| Amounts payable | 17/49 | €7,986,071 | €8,722,827 | +€736,756 | +9.2% |
| Amounts payable after more than one year | 17 | €4,241,736 | €4,191,269 | -€50,467 | -1.2% |
| Financial debts | 170/4 | €4,241,736 | €4,191,269 | -€50,467 | -1.2% |
| Amounts payable within one year | 42/48 | €3,677,977 | €4,501,302 | +€823,325 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €1,624,436 | €1,646,180 | +€21,744 | +1.3% |
| Trade debts | 44 | €647,492 | €1,973,866 | +€1.3m | +204.8% |
| Suppliers | 440/4 | €647,492 | €1,973,866 | +€1.3m | +204.8% |
| Taxes, remuneration and social security | 45 | €305,492 | €549,963 | +€244,471 | +80.0% |
| Taxes | 450/3 | €21,118 | €158,973 | +€137,855 | +652.8% |
| Remuneration and social security | 454/9 | €284,375 | €390,991 | +€106,616 | +37.5% |
| Other amounts payable | 47/48 | €1,100,558 | €331,293 | -€769,265 | -69.9% |
| Accrued charges and deferred income | 492/3 | €66,358 | €30,257 | -€36,101 | -54.4% |
| Non-recurring operating income | 76A | €1,103,622 | €664,462 | -€439,160 | -39.8% |
| Remuneration, social security and pensions | 62 | €3,431,212 | €3,587,883 | +€156,671 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251,787 | €1,407,515 | +€155,728 | +12.4% |
| Other operating charges | 640/8 | €260,026 | €1,495,412 | +€1.2m | +475.1% |
| Non-recurring operating charges | 66A | €129,858 | €430,066 | +€300,207 | +231.2% |
| Gross operating margin | 9900 | €6,632,394 | €6,601,657 | -€30,737 | -0.5% |
| Operating profit (loss) | 9901 | €1,559,511 | -€319,218 | -€1.9m | |
| Financial income | 75/76B | €29,213 | €33 | -€29,180 | -99.9% |
| Recurring financial income | 75 | €29,213 | €33 | -€29,180 | -99.9% |
| Financial charges | 65/66B | €268,775 | €166,405 | -€102,370 | -38.1% |
| Recurring financial charges | 65 | €268,775 | €166,405 | -€102,370 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €1,319,949 | -€485,590 | -€1.8m | |
| Income taxes | 67/77 | €199,600 | €8,932 | -€190,668 | -95.5% |
| Profit (loss) for the period | 9904 | €1,120,349 | -€494,522 | -€1.6m | |
| Transfer to tax-exempt reserves | 689 | €411,502 | - | -€411,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €708,847 | -€494,522 | -€1.2m |
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.