BEST CHOICE: 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.
BEST CHOICE
Largest movements
- Cash +€83,809
up €83,809 (+61.8%), from €135,529 to €219,338
mainly Other debts (+€117,617) and Net result for the year (+€58,652)
- Tangible fixed assets -€51,145
down €51,145 (-4.9%), from €1.0m to €991,139
of which Land and buildings: -€42,404
- Receivables within one year +€20,031
up €20,031 (+201%), from €9,960 to €29,991
of which Other amounts receivable: +€19,673
- Other debts +€117,617
up €117,617 (+62.4%), from €188,515 to €306,132
- Reserves -€38,964
down €38,964 (-10.4%), from €373,560 to €334,597
- Debts after one year -€37,730
down €37,730 (-7.1%), from €530,130 to €492,400
of which Financial debts: -€37,730
- Gross operating margin -€25,119
down €25,119 (-13.0%), from €192,675 to €167,556
- Taxes -€10,961
down €10,961 (-32.8%), from €33,431 to €22,471
- Depreciation +€4,776
up €4,776 (+9.2%), from €51,735 to €56,511
- Other operating charges +€2,051
up €2,051 (+97.5%), from €2,104 to €4,154
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 | €1,190,354 | €1,240,468 | +€50,114 | +4.2% |
| Fixed assets | 21/28 | €1,042,284 | €991,139 | -€51,145 | -4.9% |
| Tangible fixed assets | 22/27 | €1,042,284 | €991,139 | -€51,145 | -4.9% |
| Land and buildings | 22 | €976,217 | €933,812 | -€42,404 | -4.3% |
| Plant, machinery and equipment | 23 | €2,878 | €1,802 | -€1,076 | -37.4% |
| Furniture and vehicles | 24 | €35,466 | €30,281 | -€5,185 | -14.6% |
| Other tangible fixed assets | 26 | €27,723 | €25,244 | -€2,479 | -8.9% |
| Current assets | 29/58 | €148,070 | €249,329 | +€101,259 | +68.4% |
| Amounts receivable within one year | 40/41 | €9,960 | €29,991 | +€20,031 | +201% |
| Trade receivables | 40 | €728 | €1,086 | +€358 | +49.2% |
| Other amounts receivable | 41 | €9,233 | €28,905 | +€19,673 | +213% |
| Cash at bank and in hand | 54/58 | €135,529 | €219,338 | +€83,809 | +61.8% |
| Deferred charges and accrued income | 490/1 | €2,581 | €0 | -€2,581 | -100% |
| Total equity and liabilities | 10/49 | €1,190,354 | €1,240,468 | +€50,114 | +4.2% |
| Equity | 10/15 | €392,160 | €353,197 | -€38,964 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €373,560 | €334,597 | -€38,964 | -10.4% |
| Distributable reserves | 133 | €373,560 | €334,597 | -€38,964 | -10.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €798,194 | €887,271 | +€89,078 | +11.2% |
| Amounts payable after more than one year | 17 | €530,130 | €492,400 | -€37,730 | -7.1% |
| Financial debts | 170/4 | €528,830 | €491,100 | -€37,730 | -7.1% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €265,124 | €394,871 | +€129,747 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €31,994 | €37,730 | +€5,736 | +17.9% |
| Trade debts | 44 | €1,221 | €1,517 | +€296 | +24.2% |
| Suppliers | 440/4 | €1,221 | €1,517 | +€296 | +24.2% |
| Taxes, remuneration and social security | 45 | €43,394 | €49,493 | +€6,099 | +14.1% |
| Taxes | 450/3 | €43,394 | €49,493 | +€6,099 | +14.1% |
| Other amounts payable | 47/48 | €188,515 | €306,132 | +€117,617 | +62.4% |
| Accrued charges and deferred income | 492/3 | €2,940 | €0 | -€2,940 | -100% |
| Non-recurring operating income | 76A | €8,770 | €0 | -€8,770 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,735 | €56,511 | +€4,776 | +9.2% |
| Other operating charges | 640/8 | €2,104 | €4,154 | +€2,051 | +97.5% |
| Gross operating margin | 9900 | €192,675 | €167,556 | -€25,119 | -13.0% |
| Operating profit (loss) | 9901 | €138,837 | €106,891 | -€31,946 | -23.0% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Non-recurring financial income | 76B | - | €67 | +€67 | |
| Financial charges | 65/66B | €25,387 | €25,835 | +€448 | +1.8% |
| Recurring financial charges | 65 | €25,386 | €25,835 | +€449 | +1.8% |
| Non-recurring financial charges | 66B | €1 | €0 | -€1 | -100% |
| Profit (loss) for the period before taxes | 9903 | €113,451 | €81,123 | -€32,327 | -28.5% |
| Income taxes | 67/77 | €33,431 | €22,471 | -€10,961 | -32.8% |
| Profit (loss) for the period | 9904 | €80,019 | €58,652 | -€21,367 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,019 | €58,652 | -€21,367 | -26.7% |
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 15 October 2026 via checked.be.