basement: 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.
basement
Largest movements
- Tangible fixed assets -€31,599
down €31,599 (-17.0%), from €186,124 to €154,525
of which Furniture and vehicles: -€19,235
- Cash +€28,060
up €28,060 (+101.2%), from €27,734 to €55,794
mainly Depreciation (+€33,582) and Receivables within one year (+€14,063)
- Receivables within one year -€14,063
down €14,063 (-75.5%), from €18,630 to €4,568
of which Trade receivables: -€12,909
- Deferred charges and accrued income -€6,819
no longer reported in 2025 (was €6,819)
- Debts after one year -€23,640
down €23,640 (-17.2%), from €137,500 to €113,860
- Other debts -€7,336
down €7,336 (-78.7%), from €9,322 to €1,986
- Reserves +€5,806
up €5,806 (+16.5%), from €35,204 to €41,009
- Current portion of long-term debt -€3,359
down €3,359 (-12.4%), from €27,000 to €23,640
- Trade debts +€3,338
up €3,338 (+142.7%), from €2,340 to €5,678
- Staff costs +€10,335
up €10,335 (+11.0%), from €93,672 to €104,007
- Gross operating margin +€7,391
up €7,391 (+5.0%), from €148,948 to €156,339
- Depreciation -€3,282
down €3,282 (-8.9%), from €36,863 to €33,582
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 | €239,307 | €214,886 | -€24,421 | -10.2% |
| Fixed assets | 21/28 | €186,124 | €154,525 | -€31,599 | -17.0% |
| Tangible fixed assets | 22/27 | €186,124 | €154,525 | -€31,599 | -17.0% |
| Land and buildings | 22 | €123,028 | €114,046 | -€8,982 | -7.3% |
| Plant, machinery and equipment | 23 | €8,327 | €5,520 | -€2,807 | -33.7% |
| Furniture and vehicles | 24 | €49,874 | €30,638 | -€19,235 | -38.6% |
| Other tangible fixed assets | 26 | €4,896 | €4,321 | -€575 | -11.7% |
| Current assets | 29/58 | €53,183 | €60,362 | +€7,178 | +13.5% |
| Amounts receivable within one year | 40/41 | €18,630 | €4,568 | -€14,063 | -75.5% |
| Trade receivables | 40 | €16,594 | €3,685 | -€12,909 | -77.8% |
| Other amounts receivable | 41 | €2,037 | €883 | -€1,154 | -56.6% |
| Cash at bank and in hand | 54/58 | €27,734 | €55,794 | +€28,060 | +101.2% |
| Deferred charges and accrued income | 490/1 | €6,819 | - | -€6,819 | |
| Total equity and liabilities | 10/49 | €239,307 | €214,886 | -€24,421 | -10.2% |
| Equity | 10/15 | €36,204 | €42,009 | +€5,806 | +16.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,204 | €41,009 | +€5,806 | +16.5% |
| Distributable reserves | 133 | €35,204 | €41,009 | +€5,806 | +16.5% |
| Amounts payable | 17/49 | €203,104 | €172,877 | -€30,227 | -14.9% |
| Amounts payable after more than one year | 17 | €137,500 | €113,860 | -€23,640 | -17.2% |
| Financial debts | 170/4 | €137,500 | €113,860 | -€23,640 | -17.2% |
| Amounts payable within one year | 42/48 | €65,361 | €59,017 | -€6,344 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €27,000 | €23,640 | -€3,359 | -12.4% |
| Trade debts | 44 | €2,340 | €5,678 | +€3,338 | +142.7% |
| Suppliers | 440/4 | €2,340 | €5,678 | +€3,338 | +142.7% |
| Taxes, remuneration and social security | 45 | €26,699 | €27,713 | +€1,014 | +3.8% |
| Taxes | 450/3 | €13,932 | €14,007 | +€75 | +0.5% |
| Remuneration and social security | 454/9 | €12,768 | €13,706 | +€938 | +7.3% |
| Other amounts payable | 47/48 | €9,322 | €1,986 | -€7,336 | -78.7% |
| Accrued charges and deferred income | 492/3 | €243 | - | -€243 | |
| Remuneration, social security and pensions | 62 | €93,672 | €104,007 | +€10,335 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,863 | €33,582 | -€3,282 | -8.9% |
| Other operating charges | 640/8 | €3,970 | €3,662 | -€308 | -7.7% |
| Gross operating margin | 9900 | €148,948 | €156,339 | +€7,391 | +5.0% |
| Operating profit (loss) | 9901 | €14,443 | €15,088 | +€645 | +4.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1300.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1300.0% |
| Financial charges | 65/66B | €4,848 | €4,052 | -€796 | -16.4% |
| Recurring financial charges | 65 | €4,848 | €4,052 | -€796 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €9,595 | €11,036 | +€1,441 | +15.0% |
| Income taxes | 67/77 | €4,621 | €5,231 | +€610 | +13.2% |
| Profit (loss) for the period | 9904 | €4,974 | €5,806 | +€831 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,974 | €5,806 | +€831 | +16.7% |
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 11 October 2026 via checked.be.