B-ADVICED: 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.
B-ADVICED
Largest movements
- Receivables after one year -€78,129
down €78,129 (-100.0%), from €78,129 to €0
- Tangible fixed assets -€50,340
down €50,340 (-8.8%), from €574,812 to €524,471
of which Furniture and vehicles: -€25,916
- Cash +€42,688
up €42,688 (+36.7%), from €116,435 to €159,123
mainly Receivables after one year (+€78,129) and Depreciation (+€50,340)
- Receivables within one year +€18,037
up €18,037 (+64.7%), from €27,869 to €45,905
of which Other amounts receivable: +€16,949
- Other debts -€49,211
down €49,211 (-21.0%), from €233,877 to €184,666
- Debts after one year -€26,420
down €26,420 (-79.9%), from €33,063 to €6,643
- Reserves +€21,096
up €21,096 (+5.0%), from €422,168 to €443,264
- Financial charges +€70,393
up €70,393 (+399.5%), from €17,622 to €88,015
- Taxes -€22,732
down €22,732 (-65.5%), from €34,718 to €11,986
- Depreciation +€8,749
up €8,749 (+21.0%), from €41,592 to €50,340
- Gross operating margin -€4,184
down €4,184 (-2.4%), from €174,108 to €169,924
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 | €801,619 | €734,184 | -€67,435 | -8.4% |
| Fixed assets | 21/28 | €574,812 | €524,471 | -€50,340 | -8.8% |
| Tangible fixed assets | 22/27 | €574,812 | €524,471 | -€50,340 | -8.8% |
| Land and buildings | 22 | €457,828 | €436,105 | -€21,724 | -4.7% |
| Plant, machinery and equipment | 23 | €1,365 | €833 | -€533 | -39.0% |
| Furniture and vehicles | 24 | €106,632 | €80,717 | -€25,916 | -24.3% |
| Other tangible fixed assets | 26 | €8,986 | €6,817 | -€2,168 | -24.1% |
| Current assets | 29/58 | €226,807 | €209,712 | -€17,095 | -7.5% |
| Amounts receivable after more than one year | 29 | €78,129 | €0 | -€78,129 | -100.0% |
| Other amounts receivable | 291 | €78,129 | €0 | -€78,129 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,869 | €45,905 | +€18,037 | +64.7% |
| Trade receivables | 40 | €1,375 | €2,463 | +€1,088 | +79.1% |
| Other amounts receivable | 41 | €26,494 | €43,442 | +€16,949 | +64.0% |
| Cash at bank and in hand | 54/58 | €116,435 | €159,123 | +€42,688 | +36.7% |
| Deferred charges and accrued income | 490/1 | €4,374 | €4,684 | +€310 | +7.1% |
| Total equity and liabilities | 10/49 | €801,619 | €734,184 | -€67,435 | -8.4% |
| Equity | 10/15 | €457,031 | €478,128 | +€21,096 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €16,263 | €16,263 | = | 0.0% |
| Reserves | 13 | €422,168 | €443,264 | +€21,096 | +5.0% |
| Distributable reserves | 133 | €422,168 | €443,264 | +€21,096 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €344,588 | €256,056 | -€88,531 | -25.7% |
| Amounts payable after more than one year | 17 | €33,063 | €6,643 | -€26,420 | -79.9% |
| Financial debts | 170/4 | €33,063 | €6,643 | -€26,420 | -79.9% |
| Amounts payable within one year | 42/48 | €293,691 | €234,450 | -€59,241 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €33,021 | €26,420 | -€6,601 | -20.0% |
| Trade debts | 44 | €5,251 | €4,563 | -€689 | -13.1% |
| Suppliers | 440/4 | €5,251 | €4,563 | -€689 | -13.1% |
| Taxes, remuneration and social security | 45 | €21,542 | €18,802 | -€2,740 | -12.7% |
| Taxes | 450/3 | €21,542 | €18,802 | -€2,740 | -12.7% |
| Other amounts payable | 47/48 | €233,877 | €184,666 | -€49,211 | -21.0% |
| Accrued charges and deferred income | 492/3 | €17,834 | €14,963 | -€2,870 | -16.1% |
| Non-recurring operating income | 76A | €19,685 | €0 | -€19,685 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,592 | €50,340 | +€8,749 | +21.0% |
| Other operating charges | 640/8 | €1,969 | €2,219 | +€250 | +12.7% |
| Gross operating margin | 9900 | €174,108 | €169,924 | -€4,184 | -2.4% |
| Operating profit (loss) | 9901 | €130,547 | €117,365 | -€13,183 | -10.1% |
| Financial income | 75/76B | €4,642 | €3,733 | -€908 | -19.6% |
| Recurring financial income | 75 | €4,642 | €3,733 | -€908 | -19.6% |
| Financial charges | 65/66B | €17,622 | €88,015 | +€70,393 | +399.5% |
| Recurring financial charges | 65 | €17,622 | €88,015 | +€70,393 | +399.5% |
| Profit (loss) for the period before taxes | 9903 | €117,567 | €33,082 | -€84,484 | -71.9% |
| Income taxes | 67/77 | €34,718 | €11,986 | -€22,732 | -65.5% |
| Profit (loss) for the period | 9904 | €82,848 | €21,096 | -€61,752 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,848 | €21,096 | -€61,752 | -74.5% |
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 9 October 2026 via checked.be.