ANOTHER: 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.
ANOTHER
Largest movements
- Receivables within one year +€281,586
up €281,586 (+1304.4%), from €21,587 to €303,173
of which Other amounts receivable: +€265,681
- Financial fixed assets +€50,000
new in 2025: €50,000
- Tangible fixed assets -€26,149
down €26,149 (-6.5%), from €403,613 to €377,465
of which Land and buildings: -€26,026
- Tax, wage and social debts +€273,487
up €273,487 (+12873.2%), from €2,124 to €275,611
- Other debts +€20,239
up €20,239 (+34.2%), from €59,225 to €79,464
- Reserves -€15,041
down €15,041 (-6.9%), from €218,539 to €203,497
of which Distributable reserves: -€9,945
- Debts after one year +€11,811
up €11,811 (+14.9%), from €79,356 to €91,168
- Gross operating margin -€13,323
down €13,323 (-34.8%), from €38,329 to €25,006
- Depreciation -€13,081
down €13,081 (-32.5%), from €40,221 to €27,140
- Other operating charges +€1,433
up €1,433 (+78.6%), from €1,824 to €3,257
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 | €427,278 | €732,744 | +€305,465 | +71.5% |
| Fixed assets | 21/28 | €403,613 | €427,465 | +€23,851 | +5.9% |
| Tangible fixed assets | 22/27 | €403,613 | €377,465 | -€26,149 | -6.5% |
| Land and buildings | 22 | €400,830 | €374,804 | -€26,026 | -6.5% |
| Plant, machinery and equipment | 23 | €856 | €604 | -€251 | -29.4% |
| Furniture and vehicles | 24 | €1,927 | €2,057 | +€129 | +6.7% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €23,665 | €305,279 | +€281,614 | +1190.0% |
| Amounts receivable within one year | 40/41 | €21,587 | €303,173 | +€281,586 | +1304.4% |
| Trade receivables | 40 | - | €15,904 | +€15,904 | |
| Other amounts receivable | 41 | €21,587 | €287,268 | +€265,681 | +1230.7% |
| Current investments | 50/53 | €39 | €0 | -€39 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €36 | +€36 | |
| Deferred charges and accrued income | 490/1 | €2,039 | €2,070 | +€31 | +1.5% |
| Total equity and liabilities | 10/49 | €427,278 | €732,744 | +€305,465 | +71.5% |
| Equity | 10/15 | €237,139 | €222,097 | -€15,041 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,539 | €203,497 | -€15,041 | -6.9% |
| Tax-exempt reserves | 132 | €49,075 | €43,978 | -€5,097 | -10.4% |
| Distributable reserves | 133 | €169,464 | €159,520 | -€9,945 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €12,269 | €10,994 | -€1,274 | -10.4% |
| Deferred taxes | 168 | €12,269 | €10,994 | -€1,274 | -10.4% |
| Amounts payable | 17/49 | €177,871 | €499,652 | +€321,781 | +180.9% |
| Amounts payable after more than one year | 17 | €79,356 | €91,168 | +€11,811 | +14.9% |
| Financial debts | 170/4 | €79,356 | €91,168 | +€11,811 | +14.9% |
| Amounts payable within one year | 42/48 | €98,515 | €408,484 | +€309,969 | +314.6% |
| Current portion of amounts payable after more than one year | 42 | €29,978 | €34,322 | +€4,345 | +14.5% |
| Financial debts | 43 | €6,220 | €13,295 | +€7,076 | +113.8% |
| Credit institutions | 430/8 | €6,220 | €13,295 | +€7,076 | +113.8% |
| Trade debts | 44 | €968 | €5,791 | +€4,823 | +498.1% |
| Suppliers | 440/4 | €968 | €5,791 | +€4,823 | +498.1% |
| Taxes, remuneration and social security | 45 | €2,124 | €275,611 | +€273,487 | +12873.2% |
| Taxes | 450/3 | €2,124 | €275,611 | +€273,487 | +12873.2% |
| Other amounts payable | 47/48 | €59,225 | €79,464 | +€20,239 | +34.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,221 | €27,140 | -€13,081 | -32.5% |
| Other operating charges | 640/8 | €1,824 | €3,257 | +€1,433 | +78.6% |
| Gross operating margin | 9900 | €38,329 | €25,006 | -€13,323 | -34.8% |
| Operating profit (loss) | 9901 | -€3,716 | -€5,391 | -€1,675 | -45.1% |
| Financial income | 75/76B | €60 | €202 | +€142 | +237.6% |
| Recurring financial income | 75 | €60 | €202 | +€142 | +237.6% |
| Financial charges | 65/66B | €10,739 | €10,900 | +€161 | +1.5% |
| Recurring financial charges | 65 | €10,739 | €10,900 | +€161 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,395 | -€16,089 | -€1,694 | -11.8% |
| Transfer from deferred taxes | 780 | €1,274 | €1,274 | = | 0.0% |
| Income taxes | 67/77 | €260 | €227 | -€33 | -12.7% |
| Profit (loss) for the period | 9904 | -€13,381 | -€15,041 | -€1,661 | -12.4% |
| Transfer from tax-exempt reserves | 789 | €5,097 | €5,097 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,284 | -€9,945 | -€1,661 | -20.0% |
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.