Authenticiteit: what changed
Two fiscal 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.
Authenticiteit
Largest movements
- Cash -€17,722
down €17,722 (-89.0%), from €19,922 to €2,200
mainly Net result for the year (-€35,839) and Investment in fixed assets (net) (-€31,497)
- Tangible fixed assets +€11,929
up €11,929 (+3.2%), from €377,770 to €389,699
of which Land and buildings: +€9,777
- Other debts +€60,120
up €60,120 (+23.8%), from €253,068 to €313,188
- Profit (loss) carried forward -€35,839
down €35,839 (-170.9%), from -€20,968 to -€56,806
- Debts after one year -€30,487
down €30,487 (-25.7%), from €118,522 to €88,035
- Gross operating margin -€13,264
down €13,264 (-2298.5%), from -€577 to -€13,841
- Depreciation +€1,563
up €1,563 (+8.7%), from €18,005 to €19,568
- Financial charges -€345
down €345 (-18.3%), from €1,884 to €1,539
- Other operating charges +€331
up €331 (+58.7%), from €564 to €895
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 | €402,887 | €396,902 | -€5,985 | -1.5% |
| Fixed assets | 21/28 | €377,770 | €389,699 | +€11,929 | +3.2% |
| Tangible fixed assets | 22/27 | €377,770 | €389,699 | +€11,929 | +3.2% |
| Land and buildings | 22 | €369,834 | €379,610 | +€9,777 | +2.6% |
| Plant, machinery and equipment | 23 | €7,937 | €10,089 | +€2,152 | +27.1% |
| Current assets | 29/58 | €25,117 | €7,203 | -€17,913 | -71.3% |
| Amounts receivable within one year | 40/41 | €2,583 | €4,337 | +€1,753 | +67.9% |
| Other amounts receivable | 41 | €2,583 | €4,337 | +€1,753 | +67.9% |
| Cash at bank and in hand | 54/58 | €19,922 | €2,200 | -€17,722 | -89.0% |
| Deferred charges and accrued income | 490/1 | €2,611 | €666 | -€1,945 | -74.5% |
| Total equity and liabilities | 10/49 | €402,887 | €396,902 | -€5,985 | -1.5% |
| Equity | 10/15 | -€5,968 | -€41,806 | -€35,839 | -600.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,968 | -€56,806 | -€35,839 | -170.9% |
| Amounts payable | 17/49 | €408,855 | €438,709 | +€29,854 | +7.3% |
| Amounts payable after more than one year | 17 | €118,522 | €88,035 | -€30,487 | -25.7% |
| Financial debts | 170/4 | €118,522 | €88,035 | -€30,487 | -25.7% |
| Amounts payable within one year | 42/48 | €287,852 | €348,146 | +€60,295 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €30,186 | €30,487 | +€300 | +1.0% |
| Trade debts | 44 | €4,597 | €4,472 | -€125 | -2.7% |
| Suppliers | 440/4 | €4,597 | €4,472 | -€125 | -2.7% |
| Other amounts payable | 47/48 | €253,068 | €313,188 | +€60,120 | +23.8% |
| Accrued charges and deferred income | 492/3 | €2,481 | €2,527 | +€46 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,005 | €19,568 | +€1,563 | +8.7% |
| Other operating charges | 640/8 | €564 | €895 | +€331 | +58.7% |
| Gross operating margin | 9900 | -€577 | -€13,841 | -€13,264 | -2298.5% |
| Operating profit (loss) | 9901 | -€19,146 | -€34,304 | -€15,158 | -79.2% |
| Financial income | 75/76B | €62 | €4 | -€58 | -93.0% |
| Recurring financial income | 75 | €62 | €4 | -€58 | -93.0% |
| Financial charges | 65/66B | €1,884 | €1,539 | -€345 | -18.3% |
| Recurring financial charges | 65 | €1,884 | €1,539 | -€345 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,968 | -€35,839 | -€14,871 | -70.9% |
| Profit (loss) for the period | 9904 | -€20,968 | -€35,839 | -€14,871 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,968 | -€35,839 | -€14,871 | -70.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.