BAL NIGHT: 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.
BAL NIGHT
Largest movements
- Receivables within one year -€27,939
down €27,939 (-83.3%), from €33,542 to €5,603
of which Trade receivables: -€30,274
- Tangible fixed assets -€26,147
down €26,147 (-6.9%), from €376,819 to €350,672
of which Land and buildings: -€21,219
- Deferred charges and accrued income +€6,424
up €6,424 (+57.3%), from €11,203 to €17,627
- Trade debts -€20,295
down €20,295 (-82.9%), from €24,472 to €4,177
- Debts after one year -€19,316
down €19,316 (-11.1%), from €174,363 to €155,047
- Profit (loss) carried forward -€6,190
down €6,190 (-11.7%), from -€53,114 to -€59,304
- Gross operating margin -€52,317
down €52,317 (-68.0%), from €76,901 to €24,584
- Taxes -€11,711
down €11,711 (-91.7%), from €12,778 to €1,067
- Financial income +€7,746
up €7,746 (+799%), from €970 to €8,716
of which Non-recurring financial income: +€8,080
- Other operating charges +€1,802
up €1,802 (+29.5%), from €6,118 to €7,920
- Financial charges -€1,113
down €1,113 (-10.2%), from €10,888 to €9,775
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 | €531,159 | €480,268 | -€50,891 | -9.6% |
| Fixed assets | 21/28 | €376,819 | €350,672 | -€26,147 | -6.9% |
| Tangible fixed assets | 22/27 | €376,819 | €350,672 | -€26,147 | -6.9% |
| Land and buildings | 22 | €357,908 | €336,689 | -€21,219 | -5.9% |
| Furniture and vehicles | 24 | €18,911 | €13,984 | -€4,928 | -26.1% |
| Current assets | 29/58 | €154,340 | €129,596 | -€24,744 | -16.0% |
| Amounts receivable within one year | 40/41 | €33,542 | €5,603 | -€27,939 | -83.3% |
| Trade receivables | 40 | €33,309 | €3,035 | -€30,274 | -90.9% |
| Other amounts receivable | 41 | €233 | €2,569 | +€2,336 | +1,002% |
| Current investments | 50/53 | €7,668 | €8,868 | +€1,200 | +15.6% |
| Cash at bank and in hand | 54/58 | €101,927 | €97,498 | -€4,429 | -4.3% |
| Deferred charges and accrued income | 490/1 | €11,203 | €17,627 | +€6,424 | +57.3% |
| Total equity and liabilities | 10/49 | €531,159 | €480,268 | -€50,891 | -9.6% |
| Equity | 10/15 | €199,444 | €189,447 | -€9,997 | -5.0% |
| Contributions | 10/11 | €101,392 | €101,392 | = | 0.0% |
| Reserves | 13 | €151,166 | €147,359 | -€3,807 | -2.5% |
| Tax-exempt reserves | 132 | €101,159 | €97,352 | -€3,807 | -3.8% |
| Distributable reserves | 133 | €50,007 | €50,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,114 | -€59,304 | -€6,190 | -11.7% |
| Provisions and deferred taxes | 16 | €52,112 | €50,151 | -€1,961 | -3.8% |
| Deferred taxes | 168 | €52,112 | €50,151 | -€1,961 | -3.8% |
| Amounts payable | 17/49 | €279,603 | €240,670 | -€38,933 | -13.9% |
| Amounts payable after more than one year | 17 | €174,363 | €155,047 | -€19,316 | -11.1% |
| Financial debts | 170/4 | €174,363 | €155,047 | -€19,316 | -11.1% |
| Amounts payable within one year | 42/48 | €93,231 | €70,637 | -€22,594 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €20,787 | €20,652 | -€135 | -0.7% |
| Trade debts | 44 | €24,472 | €4,177 | -€20,295 | -82.9% |
| Suppliers | 440/4 | €24,472 | €4,177 | -€20,295 | -82.9% |
| Taxes, remuneration and social security | 45 | €4,133 | €3,375 | -€759 | -18.4% |
| Taxes | 450/3 | €4,133 | €3,375 | -€759 | -18.4% |
| Other amounts payable | 47/48 | €43,839 | €42,433 | -€1,406 | -3.2% |
| Accrued charges and deferred income | 492/3 | €12,009 | €14,986 | +€2,976 | +24.8% |
| Non-recurring operating income | 76A | - | €719 | +€719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,561 | €26,147 | -€414 | -1.6% |
| Other operating charges | 640/8 | €6,118 | €7,920 | +€1,802 | +29.5% |
| Non-recurring operating charges | 66A | - | €350 | +€350 | |
| Gross operating margin | 9900 | €76,901 | €24,584 | -€52,317 | -68.0% |
| Operating profit (loss) | 9901 | €44,222 | -€9,833 | -€54,054 | |
| Financial income | 75/76B | €970 | €8,716 | +€7,746 | +799% |
| Recurring financial income | 75 | €970 | €637 | -€333 | -34.4% |
| Non-recurring financial income | 76B | - | €8,080 | +€8,080 | |
| Financial charges | 65/66B | €10,888 | €9,775 | -€1,113 | -10.2% |
| Recurring financial charges | 65 | €10,888 | €9,775 | -€1,113 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €34,304 | -€10,891 | -€45,195 | |
| Transfer from deferred taxes | 780 | €1,961 | €1,961 | = | 0.0% |
| Income taxes | 67/77 | €12,778 | €1,067 | -€11,711 | -91.7% |
| Profit (loss) for the period | 9904 | €23,487 | -€9,997 | -€33,484 | |
| Transfer from tax-exempt reserves | 789 | €3,807 | €3,807 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,294 | -€6,190 | -€33,484 |
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.