ALL POOLS: 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 POOLS
Largest movements
- Tangible fixed assets -€37,921
down €37,921 (-27.3%), from €138,958 to €101,037
of which Furniture and vehicles: -€37,177
- Cash +€9,406
up €9,406 (+10.0%), from €94,377 to €103,782
mainly Net result for the year (+€187,579) and Depreciation (+€54,254)
- Debts after one year -€46,976
down €46,976 (-7.7%), from €612,066 to €565,090
of which Financial debts: -€23,939
- Reserves +€12,579
up €12,579 (+9.3%), from €135,989 to €148,569
of which Distributable reserves: +€12,579
- Gross operating margin +€32,258
up €32,258 (+15.3%), from €210,461 to €242,719
- Taxes +€4,017
up €4,017 (+149.0%), from €2,695 to €6,713
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 | €811,168 | €775,473 | -€35,695 | -4.4% |
| Fixed assets | 21/28 | €138,958 | €101,037 | -€37,921 | -27.3% |
| Tangible fixed assets | 22/27 | €138,958 | €101,037 | -€37,921 | -27.3% |
| Plant, machinery and equipment | 23 | €10,392 | €9,647 | -€744 | -7.2% |
| Furniture and vehicles | 24 | €128,566 | €91,390 | -€37,177 | -28.9% |
| Current assets | 29/58 | €672,210 | €674,436 | +€2,226 | +0.3% |
| Stocks and contracts in progress | 3 | €16,732 | €14,370 | -€2,362 | -14.1% |
| Stocks | 30/36 | €16,732 | €14,370 | -€2,362 | -14.1% |
| Amounts receivable within one year | 40/41 | €557,742 | €554,291 | -€3,451 | -0.6% |
| Trade receivables | 40 | €349,617 | €303,550 | -€46,067 | -13.2% |
| Other amounts receivable | 41 | €208,125 | €250,741 | +€42,615 | +20.5% |
| Cash at bank and in hand | 54/58 | €94,377 | €103,782 | +€9,406 | +10.0% |
| Deferred charges and accrued income | 490/1 | €3,359 | €1,993 | -€1,367 | -40.7% |
| Total equity and liabilities | 10/49 | €811,168 | €775,473 | -€35,695 | -4.4% |
| Equity | 10/15 | €142,189 | €154,769 | +€12,579 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,989 | €148,569 | +€12,579 | +9.3% |
| Tax-exempt reserves | 132 | €16,311 | €16,311 | = | 0.0% |
| Distributable reserves | 133 | €119,679 | €132,258 | +€12,579 | +10.5% |
| Amounts payable | 17/49 | €668,979 | €620,705 | -€48,274 | -7.2% |
| Amounts payable after more than one year | 17 | €612,066 | €565,090 | -€46,976 | -7.7% |
| Financial debts | 170/4 | €55,893 | €31,954 | -€23,939 | -42.8% |
| Other amounts payable | 178/9 | €556,172 | €533,136 | -€23,037 | -4.1% |
| Amounts payable within one year | 42/48 | €56,913 | €55,615 | -€1,298 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €28,518 | €23,939 | -€4,579 | -16.1% |
| Financial debts | 43 | - | €2,233 | +€2,233 | |
| Credit institutions | 430/8 | - | €2,233 | +€2,233 | |
| Trade debts | 44 | €24,275 | €18,683 | -€5,592 | -23.0% |
| Suppliers | 440/4 | €24,275 | €18,683 | -€5,592 | -23.0% |
| Taxes, remuneration and social security | 45 | €4,121 | €10,760 | +€6,639 | +161.1% |
| Taxes | 450/3 | €4,121 | €10,760 | +€6,639 | +161.1% |
| Remuneration, social security and pensions | 62 | €886 | - | -€886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,655 | €54,254 | +€1,599 | +3.0% |
| Other operating charges | 640/8 | €2,177 | €2,031 | -€147 | -6.7% |
| Gross operating margin | 9900 | €210,461 | €242,719 | +€32,258 | +15.3% |
| Operating profit (loss) | 9901 | €154,743 | €186,434 | +€31,692 | +20.5% |
| Financial income | 75/76B | €11,213 | €11,646 | +€433 | +3.9% |
| Recurring financial income | 75 | €11,213 | €11,646 | +€433 | +3.9% |
| Financial charges | 65/66B | €3,384 | €3,789 | +€404 | +12.0% |
| Recurring financial charges | 65 | €3,384 | €3,789 | +€404 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €162,571 | €194,292 | +€31,720 | +19.5% |
| Income taxes | 67/77 | €2,695 | €6,713 | +€4,017 | +149.0% |
| Profit (loss) for the period | 9904 | €159,876 | €187,579 | +€27,703 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,876 | €187,579 | +€27,703 | +17.3% |
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 11 October 2026 via checked.be.