BACK TO SCHOOL: 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.
BACK TO SCHOOL
Largest movements
- Financial fixed assets +€60,714
up €60,714 (+20.3%), from €299,750 to €360,464
- Receivables within one year -€14,517
down €14,517 (-100%), from €14,517 to €0
- Deferred charges and accrued income +€14,391
up €14,391 (+67.1%), from €21,459 to €35,849
- Other debts +€65,560
up €65,560 (+1,425%), from €4,600 to €70,160
- Profit (loss) carried forward -€5,309
down €5,309 (-3.0%), from -€175,674 to -€180,983
- Gross operating margin +€38,634
up €38,634 (+88.9%), from -€43,456 to -€4,821
- Financial charges +€14,316
up €14,316 (+2,548%), from €562 to €14,878
of which Non-recurring financial charges: +€14,517
- Financial income +€1,453
up €1,453 (+11.2%), from €12,938 to €14,391
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 | €336,060 | €396,732 | +€60,672 | +18.1% |
| Fixed assets | 21/28 | €299,750 | €360,464 | +€60,714 | +20.3% |
| Financial fixed assets | 28 | €299,750 | €360,464 | +€60,714 | +20.3% |
| Current assets | 29/58 | €36,310 | €36,268 | -€43 | -0.1% |
| Amounts receivable within one year | 40/41 | €14,517 | €0 | -€14,517 | -100% |
| Other amounts receivable | 41 | €14,517 | €0 | -€14,517 | -100% |
| Cash at bank and in hand | 54/58 | €335 | €419 | +€84 | +25.0% |
| Deferred charges and accrued income | 490/1 | €21,459 | €35,849 | +€14,391 | +67.1% |
| Total equity and liabilities | 10/49 | €336,060 | €396,732 | +€60,672 | +18.1% |
| Equity | 10/15 | -€139,824 | -€145,133 | -€5,309 | -3.8% |
| Contributions | 10/11 | €29,700 | €29,700 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,674 | -€180,983 | -€5,309 | -3.0% |
| Amounts payable | 17/49 | €475,885 | €541,865 | +€65,980 | +13.9% |
| Amounts payable after more than one year | 17 | €470,559 | €470,559 | = | 0.0% |
| Other amounts payable | 178/9 | €470,559 | €470,559 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,326 | €71,306 | +€65,980 | +1,239% |
| Trade debts | 44 | €726 | €1,146 | +€420 | +57.9% |
| Suppliers | 440/4 | €726 | €1,146 | +€420 | +57.9% |
| Other amounts payable | 47/48 | €4,600 | €70,160 | +€65,560 | +1,425% |
| Gross operating margin | 9900 | -€43,456 | -€4,821 | +€38,634 | +88.9% |
| Operating profit (loss) | 9901 | -€43,456 | -€4,821 | +€38,634 | +88.9% |
| Financial income | 75/76B | €12,938 | €14,391 | +€1,453 | +11.2% |
| Recurring financial income | 75 | €12,938 | €14,391 | +€1,453 | +11.2% |
| Financial charges | 65/66B | €562 | €14,878 | +€14,316 | +2,548% |
| Recurring financial charges | 65 | €562 | €361 | -€201 | -35.8% |
| Non-recurring financial charges | 66B | - | €14,517 | +€14,517 | |
| Profit (loss) for the period before taxes | 9903 | -€31,080 | -€5,309 | +€25,771 | +82.9% |
| Profit (loss) for the period | 9904 | -€31,080 | -€5,309 | +€25,771 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,080 | -€5,309 | +€25,771 | +82.9% |
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 15 October 2026 via checked.be.