AROUND II: 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.
AROUND II
Largest movements
- Financial fixed assets +€2.5m
up €2.5m (+58.6%), from €4.2m to €6.7m
- Cash -€174,426
down €174,426 (-96.3%), from €181,037 to €6,611
mainly Investment in fixed assets (net) (-€2.5m) and Current investments (-€120,000)
- Current investments +€120,000
new in 2025: €120,000
- Contributions +€2.3m
up €2.3m (+91.4%), from €2.5m to €4.8m
- Accrued charges and deferred income +€74,643
up €74,643 (+39.3%), from €190,052 to €264,695
- Financial income +€120,000
up €120,000, from €0 to €120,000
- Financial charges -€114,743
down €114,743 (-60.3%), from €190,175 to €75,432
- Other operating income -€81,750
down €81,750 (-100%), from €81,750 to €0
- Goods and materials -€81,750
down €81,750 (-100%), from €81,750 to €0
- Turnover +€43,000
new in 2025: €43,000
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 | €4,424,749 | €6,864,849 | +€2.4m | +55.1% |
| Fixed assets | 21/28 | €4,229,783 | €6,707,038 | +€2.5m | +58.6% |
| Financial fixed assets | 28 | €4,229,783 | €6,707,038 | +€2.5m | +58.6% |
| Affiliated companies | 280/1 | €4,229,783 | €6,707,038 | +€2.5m | +58.6% |
| Participating interests | 280 | €4,229,783 | €6,707,038 | +€2.5m | +58.6% |
| Current assets | 29/58 | €194,965 | €157,810 | -€37,155 | -19.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,822 | €29,921 | +€17,100 | +133% |
| Trade receivables | 40 | €5,565 | €24,200 | +€18,635 | +335% |
| Other amounts receivable | 41 | €7,256 | €5,721 | -€1,535 | -21.2% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Other investments | 51/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €181,037 | €6,611 | -€174,426 | -96.3% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,278 | +€172 | +15.5% |
| Total equity and liabilities | 10/49 | €4,424,749 | €6,864,849 | +€2.4m | +55.1% |
| Equity | 10/15 | €3,408,691 | €5,758,554 | +€2.3m | +68.9% |
| Contributions | 10/11 | €2,513,292 | €4,811,544 | +€2.3m | +91.4% |
| Profit (loss) carried forward | 14 | €895,399 | €947,011 | +€51,611 | +5.8% |
| Amounts payable | 17/49 | €1,016,057 | €1,106,294 | +€90,237 | +8.9% |
| Amounts payable after more than one year | 17 | €800,002 | €800,002 | = | 0.0% |
| Financial debts | 170/4 | €800,002 | €800,002 | = | 0.0% |
| Other loans | 174 | €800,002 | €800,002 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,004 | €41,597 | +€15,594 | +60.0% |
| Trade debts | 44 | €13,405 | €22,975 | +€9,571 | +71.4% |
| Suppliers | 440/4 | €13,405 | €22,975 | +€9,571 | +71.4% |
| Other amounts payable | 47/48 | €12,599 | €18,622 | +€6,023 | +47.8% |
| Accrued charges and deferred income | 492/3 | €190,052 | €264,695 | +€74,643 | +39.3% |
| Operating income | 70/76A | €81,750 | €43,000 | -€38,750 | -47.4% |
| Turnover | 70 | - | €43,000 | +€43,000 | |
| Other operating income | 74 | €81,750 | €0 | -€81,750 | -100% |
| Operating charges | 60/66A | €96,750 | €35,957 | -€60,793 | -62.8% |
| Goods for resale, raw materials and consumables | 60 | €81,750 | €0 | -€81,750 | -100% |
| Purchases | 600/8 | €81,750 | €0 | -€81,750 | -100% |
| Services and other goods | 61 | €13,760 | €34,838 | +€21,078 | +153% |
| Other operating charges | 640/8 | €1,240 | €1,118 | -€121 | -9.8% |
| Operating profit (loss) | 9901 | -€15,000 | €7,043 | +€22,043 | |
| Financial income | 75/76B | €0 | €120,000 | +€120,000 | |
| Recurring financial income | 75 | €0 | €120,000 | +€120,000 | |
| Income from financial fixed assets | 750 | - | €120,000 | +€120,000 | |
| Income from current assets | 751 | €0 | - | = | |
| Financial charges | 65/66B | €190,175 | €75,432 | -€114,743 | -60.3% |
| Recurring financial charges | 65 | €190,175 | €75,432 | -€114,743 | -60.3% |
| Debt charges | 650 | €190,052 | €75,021 | -€115,031 | -60.5% |
| Other financial charges | 652/9 | €124 | €411 | +€287 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€205,175 | €51,611 | +€256,786 | |
| Profit (loss) for the period | 9904 | -€205,175 | €51,611 | +€256,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205,175 | €51,611 | +€256,786 |
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 19 October 2026 via checked.be.