APRIL 83: 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.
APRIL 83
Largest movements
- Tangible fixed assets +€461,338
up €461,338 (+15,039%), from €3,068 to €464,405
of which Land and buildings: +€460,848
- Receivables within one year -€29,447
down €29,447 (-62.4%), from €47,186 to €17,739
of which Other amounts receivable: -€42,929
- Cash +€18,246
up €18,246 (+79.2%), from €23,045 to €41,290
mainly Debts after one year (+€421,835) and Other debts (+€66,715)
- Current investments -€17,874
down €17,874 (-99.3%), from €18,000 to €126
- Debts after one year +€421,835
new in 2025: €421,835
- Reserves -€76,123
down €76,123 (-92.8%), from €82,055 to €5,933
- Other debts +€66,715
up €66,715 (+3,798%), from €1,757 to €68,471
- Current portion of long-term debt +€21,776
new in 2025: €21,776
- Depreciation +€33,289
up €33,289 (+686%), from €4,852 to €38,141
- Gross operating margin +€15,265
up €15,265 (+36.8%), from €41,445 to €56,710
- Financial charges +€9,436
up €9,436 (+6,738%), from €140 to €9,576
- Taxes -€6,098
down €6,098 (-81.5%), from €7,479 to €1,380
- Other operating charges +€1,113
up €1,113 (+181%), from €613 to €1,726
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 | €92,524 | €526,301 | +€433,776 | +469% |
| Fixed assets | 21/28 | €3,068 | €464,405 | +€461,338 | +15,039% |
| Tangible fixed assets | 22/27 | €3,068 | €464,405 | +€461,338 | +15,039% |
| Land and buildings | 22 | - | €460,848 | +€460,848 | |
| Plant, machinery and equipment | 23 | €1,421 | €2,921 | +€1,500 | +106% |
| Furniture and vehicles | 24 | €1,646 | €636 | -€1,010 | -61.3% |
| Current assets | 29/58 | €89,457 | €61,895 | -€27,561 | -30.8% |
| Amounts receivable within one year | 40/41 | €47,186 | €17,739 | -€29,447 | -62.4% |
| Trade receivables | 40 | €1,624 | €15,106 | +€13,482 | +830% |
| Other amounts receivable | 41 | €45,562 | €2,633 | -€42,929 | -94.2% |
| Current investments | 50/53 | €18,000 | €126 | -€17,874 | -99.3% |
| Cash at bank and in hand | 54/58 | €23,045 | €41,290 | +€18,246 | +79.2% |
| Deferred charges and accrued income | 490/1 | €1,226 | €2,741 | +€1,514 | +123% |
| Total equity and liabilities | 10/49 | €92,524 | €526,301 | +€433,776 | +469% |
| Equity | 10/15 | €83,055 | €6,933 | -€76,123 | -91.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €82,055 | €5,933 | -€76,123 | -92.8% |
| Distributable reserves | 133 | €82,055 | €5,933 | -€76,123 | -92.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,469 | €519,368 | +€509,899 | +5,385% |
| Amounts payable after more than one year | 17 | - | €421,835 | +€421,835 | |
| Financial debts | 170/4 | - | €421,835 | +€421,835 | |
| Amounts payable within one year | 42/48 | €9,428 | €97,533 | +€88,104 | +934% |
| Current portion of amounts payable after more than one year | 42 | - | €21,776 | +€21,776 | |
| Trade debts | 44 | €915 | €1,490 | +€575 | +62.8% |
| Suppliers | 440/4 | €915 | €1,490 | +€575 | +62.8% |
| Taxes, remuneration and social security | 45 | €6,757 | €5,796 | -€962 | -14.2% |
| Taxes | 450/3 | €6,757 | €5,796 | -€962 | -14.2% |
| Other amounts payable | 47/48 | €1,757 | €68,471 | +€66,715 | +3,798% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,852 | €38,141 | +€33,289 | +686% |
| Other operating charges | 640/8 | €613 | €1,726 | +€1,113 | +181% |
| Gross operating margin | 9900 | €41,445 | €56,710 | +€15,265 | +36.8% |
| Operating profit (loss) | 9901 | €35,979 | €16,843 | -€19,137 | -53.2% |
| Financial income | 75/76B | €135 | €46 | -€89 | -65.9% |
| Recurring financial income | 75 | €135 | €46 | -€89 | -65.9% |
| Financial charges | 65/66B | €140 | €9,576 | +€9,436 | +6,738% |
| Recurring financial charges | 65 | €140 | €9,576 | +€9,436 | +6,738% |
| Profit (loss) for the period before taxes | 9903 | €35,974 | €7,313 | -€28,661 | -79.7% |
| Income taxes | 67/77 | €7,479 | €1,380 | -€6,098 | -81.5% |
| Profit (loss) for the period | 9904 | €28,495 | €5,933 | -€22,563 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,495 | €5,933 | -€22,563 | -79.2% |
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 18 October 2026 via checked.be.