AN-BIJSTER: 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.
AN-BIJSTER
Largest movements
- Tangible fixed assets +€149,972
up €149,972 (+14.2%), from €1.1m to €1.2m
of which Land and buildings: +€130,312
- Receivables within one year +€55,240
up €55,240 (+119%), from €46,324 to €101,564
- Trade debts +€154,132
up €154,132 (+4,395%), from €3,507 to €157,638
- Debts after one year +€25,975
up €25,975 (+3.0%), from €852,291 to €878,266
- Current portion of long-term debt +€17,778
up €17,778 (+27.1%), from €65,500 to €83,278
- Gross operating margin -€152,071
down €152,071 (-55.2%), from €275,477 to €123,406
- Other operating charges -€29,573
down €29,573 (-73.7%), from €40,146 to €10,573
- Depreciation +€12,830
up €12,830 (+17.6%), from €72,816 to €85,646
- Financial charges +€9,008
up €9,008 (+50.8%), from €17,721 to €26,729
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 | €1,113,479 | €1,318,735 | +€205,256 | +18.4% |
| Fixed assets | 21/28 | €1,054,261 | €1,204,234 | +€149,972 | +14.2% |
| Tangible fixed assets | 22/27 | €1,054,261 | €1,204,234 | +€149,972 | +14.2% |
| Land and buildings | 22 | €1,050,974 | €1,181,286 | +€130,312 | +12.4% |
| Plant, machinery and equipment | 23 | €3,288 | €22,948 | +€19,660 | +598% |
| Current assets | 29/58 | €59,218 | €114,501 | +€55,284 | +93.4% |
| Amounts receivable within one year | 40/41 | €46,324 | €101,564 | +€55,240 | +119% |
| Trade receivables | 40 | €46,324 | €101,564 | +€55,240 | +119% |
| Cash at bank and in hand | 54/58 | €7,341 | €6,921 | -€419 | -5.7% |
| Deferred charges and accrued income | 490/1 | €5,553 | €6,016 | +€464 | +8.3% |
| Total equity and liabilities | 10/49 | €1,113,479 | €1,318,735 | +€205,256 | +18.4% |
| Equity | 10/15 | €155,504 | €155,963 | +€459 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,444 | €147,903 | +€459 | +0.3% |
| Amounts payable | 17/49 | €957,975 | €1,162,772 | +€204,797 | +21.4% |
| Amounts payable after more than one year | 17 | €852,291 | €878,266 | +€25,975 | +3.0% |
| Financial debts | 170/4 | €852,291 | €878,266 | +€25,975 | +3.0% |
| Amounts payable within one year | 42/48 | €105,684 | €284,506 | +€178,822 | +169% |
| Current portion of amounts payable after more than one year | 42 | €65,500 | €83,278 | +€17,778 | +27.1% |
| Trade debts | 44 | €3,507 | €157,638 | +€154,132 | +4,395% |
| Suppliers | 440/4 | €3,507 | €157,638 | +€154,132 | +4,395% |
| Taxes, remuneration and social security | 45 | €15,915 | €17,965 | +€2,049 | +12.9% |
| Taxes | 450/3 | €13,092 | €17,965 | +€4,873 | +37.2% |
| Remuneration and social security | 454/9 | €2,823 | - | -€2,823 | |
| Other amounts payable | 47/48 | €20,762 | €25,625 | +€4,863 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,816 | €85,646 | +€12,830 | +17.6% |
| Other operating charges | 640/8 | €40,146 | €10,573 | -€29,573 | -73.7% |
| Gross operating margin | 9900 | €275,477 | €123,406 | -€152,071 | -55.2% |
| Operating profit (loss) | 9901 | €162,516 | €27,187 | -€135,329 | -83.3% |
| Financial income | 75/76B | €68 | €2 | -€66 | -97.3% |
| Recurring financial income | 75 | €68 | €2 | -€66 | -97.3% |
| Financial charges | 65/66B | €17,721 | €26,729 | +€9,008 | +50.8% |
| Recurring financial charges | 65 | €17,721 | €26,729 | +€9,008 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €144,862 | €460 | -€144,402 | -99.7% |
| Income taxes | 67/77 | €114 | €1 | -€114 | -99.5% |
| Profit (loss) for the period | 9904 | €144,747 | €459 | -€144,288 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €144,747 | €459 | -€144,288 | -99.7% |
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 15 October 2026 via checked.be.