BE ORIGINAL: 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.
BE ORIGINAL
Largest movements
- Tangible fixed assets +€45,514
up €45,514 (+1,007%), from €4,522 to €50,036
of which Land and buildings: +€34,469
- Cash +€7,003
up €7,003 (+36.6%), from €19,159 to €26,162
mainly Debts after one year (+€43,255) and Net result for the year (+€11,668)
- Deferred charges and accrued income -€1,354
down €1,354 (-27.4%), from €4,936 to €3,583
- Receivables within one year +€1,098
up €1,098 (+15.6%), from €7,035 to €8,133
of which Other amounts receivable: +€1,502
- Debts after one year +€43,255
new in 2025: €43,255
- Reserves +€9,168
up €9,168 (+42.5%), from €21,579 to €30,747
- Contributions -€6,200
down €6,200 (-100%), from €6,200 to €0
- Current portion of long-term debt +€4,306
new in 2025: €4,306
- Financial income +€14,805
up €14,805 (+9,091%), from €163 to €14,968
of which Non-recurring financial income: +€14,968
- Depreciation +€2,951
up €2,951 (+197%), from €1,497 to €4,448
- Gross operating margin -€1,382
down €1,382 (-12.9%), from €10,739 to €9,358
- Taxes +€1,095
up €1,095 (+24.0%), from €4,555 to €5,650
- Financial charges +€904
up €904 (+109%), from €829 to €1,733
of which Financial charges: +€1,350
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 | €35,652 | €87,913 | +€52,261 | +147% |
| Fixed assets | 21/28 | €4,522 | €50,036 | +€45,514 | +1,007% |
| Tangible fixed assets | 22/27 | €4,522 | €50,036 | +€45,514 | +1,007% |
| Land and buildings | 22 | - | €34,469 | +€34,469 | |
| Plant, machinery and equipment | 23 | €4,522 | €10,488 | +€5,966 | +132% |
| Furniture and vehicles | 24 | - | €5,079 | +€5,079 | |
| Current assets | 29/58 | €31,131 | €37,878 | +€6,747 | +21.7% |
| Amounts receivable within one year | 40/41 | €7,035 | €8,133 | +€1,098 | +15.6% |
| Trade receivables | 40 | €5,267 | €4,863 | -€404 | -7.7% |
| Other amounts receivable | 41 | €1,768 | €3,270 | +€1,502 | +85.0% |
| Cash at bank and in hand | 54/58 | €19,159 | €26,162 | +€7,003 | +36.6% |
| Deferred charges and accrued income | 490/1 | €4,936 | €3,583 | -€1,354 | -27.4% |
| Total equity and liabilities | 10/49 | €35,652 | €87,913 | +€52,261 | +147% |
| Equity | 10/15 | €27,779 | €30,747 | +€2,968 | +10.7% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100% |
| Reserves | 13 | €21,579 | €30,747 | +€9,168 | +42.5% |
| Distributable reserves | 133 | €21,579 | €30,747 | +€9,168 | +42.5% |
| Amounts payable | 17/49 | €7,873 | €57,166 | +€49,293 | +626% |
| Amounts payable after more than one year | 17 | - | €43,255 | +€43,255 | |
| Financial debts | 170/4 | - | €43,255 | +€43,255 | |
| Amounts payable within one year | 42/48 | €7,823 | €13,888 | +€6,066 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,306 | +€4,306 | |
| Trade debts | 44 | €6,529 | €6,942 | +€413 | +6.3% |
| Suppliers | 440/4 | €6,529 | €6,942 | +€413 | +6.3% |
| Taxes, remuneration and social security | 45 | €964 | €1,617 | +€653 | +67.8% |
| Taxes | 450/3 | €964 | €1,617 | +€653 | +67.8% |
| Other amounts payable | 47/48 | €329 | €1,023 | +€694 | +211% |
| Accrued charges and deferred income | 492/3 | €51 | €23 | -€27 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497 | €4,448 | +€2,951 | +197% |
| Other operating charges | 640/8 | €771 | €827 | +€56 | +7.2% |
| Gross operating margin | 9900 | €10,739 | €9,358 | -€1,382 | -12.9% |
| Operating profit (loss) | 9901 | €8,471 | €4,082 | -€4,389 | -51.8% |
| Financial income | 75/76B | €163 | €14,968 | +€14,805 | +9,091% |
| Recurring financial income | 75 | €163 | €14,968 | +€14,805 | +9,091% |
| Non-recurring financial income | 76B | - | €14,968 | +€14,968 | |
| Financial charges | 65/66B | €829 | €1,733 | +€904 | +109% |
| Recurring financial charges | 65 | €135 | €1,485 | +€1,350 | +996% |
| Non-recurring financial charges | 66B | €693 | €248 | -€445 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €7,805 | €17,318 | +€9,512 | +122% |
| Income taxes | 67/77 | €4,555 | €5,650 | +€1,095 | +24.0% |
| Profit (loss) for the period | 9904 | €3,250 | €11,668 | +€8,418 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €3,250 | €11,668 | +€8,418 | +259% |
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 14 October 2026 via checked.be.