Bestemming: 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.
Bestemming
Largest movements
- Tangible fixed assets -€194,503
down €194,503 (-80.0%), from €243,100 to €48,597
of which Land and buildings: -€228,202
- Cash +€148,333
up €148,333 (+440%), from €33,695 to €182,028
mainly Net result for the year (+€187,757) and Investment in fixed assets (net) (+€187,600)
- Receivables after one year -€50,500
no longer reported in 2025 (was €50,500)
- Receivables within one year -€13,587
down €13,587 (-9.3%), from €146,759 to €133,171
of which Trade receivables: -€41,998
- Debts after one year -€79,571
down €79,571 (-75.3%), from €105,652 to €26,081
- Profit (loss) carried forward +€74,121
up €74,121 (+26.0%), from -€285,002 to -€210,882
- Reserves -€36,364
down €36,364 (-7.6%), from €475,431 to €439,067
- Trade debts -€33,766
down €33,766 (-38.9%), from €86,896 to €53,130
- Other debts -€19,602
no longer reported in 2025 (was €19,602)
- Gross operating margin +€140,466
up €140,466 (+187%), from €75,284 to €215,750
- Staff costs -€45,038
down €45,038 (-75.9%), from €59,304 to €14,265
- Depreciation -€31,068
down €31,068 (-81.8%), from €37,972 to €6,903
- Financial income +€12,100
up €12,100 (+4,880%), from €248 to €12,348
of which Non-recurring financial income: +€9,493
- Taxes +€11,395
up €11,395 (+4,119%), from €277 to €11,672
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 | €477,386 | €363,797 | -€113,590 | -23.8% |
| Fixed assets | 21/28 | €243,100 | €48,597 | -€194,503 | -80.0% |
| Tangible fixed assets | 22/27 | €243,100 | €48,597 | -€194,503 | -80.0% |
| Land and buildings | 22 | €228,202 | - | -€228,202 | |
| Plant, machinery and equipment | 23 | €2,466 | - | -€2,466 | |
| Furniture and vehicles | 24 | €12,432 | €48,597 | +€36,165 | +291% |
| Current assets | 29/58 | €234,286 | €315,200 | +€80,914 | +34.5% |
| Amounts receivable after more than one year | 29 | €50,500 | - | -€50,500 | |
| Other amounts receivable | 291 | €50,500 | - | -€50,500 | |
| Stocks and contracts in progress | 3 | €3,265 | - | -€3,265 | |
| Stocks | 30/36 | €3,265 | - | -€3,265 | |
| Amounts receivable within one year | 40/41 | €146,759 | €133,171 | -€13,587 | -9.3% |
| Trade receivables | 40 | €62,708 | €20,710 | -€41,998 | -67.0% |
| Other amounts receivable | 41 | €84,051 | €112,461 | +€28,411 | +33.8% |
| Cash at bank and in hand | 54/58 | €33,695 | €182,028 | +€148,333 | +440% |
| Deferred charges and accrued income | 490/1 | €67 | - | -€67 | |
| Total equity and liabilities | 10/49 | €477,386 | €363,797 | -€113,590 | -23.8% |
| Equity | 10/15 | €209,020 | €246,777 | +€37,757 | +18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €475,431 | €439,067 | -€36,364 | -7.6% |
| Distributable reserves | 133 | €475,431 | €439,067 | -€36,364 | -7.6% |
| Profit (loss) carried forward | 14 | -€285,002 | -€210,882 | +€74,121 | +26.0% |
| Amounts payable | 17/49 | €268,366 | €117,019 | -€151,347 | -56.4% |
| Amounts payable after more than one year | 17 | €105,652 | €26,081 | -€79,571 | -75.3% |
| Financial debts | 170/4 | €105,652 | €26,081 | -€79,571 | -75.3% |
| Amounts payable within one year | 42/48 | €161,208 | €89,013 | -€72,195 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €30,792 | €17,470 | -€13,321 | -43.3% |
| Trade debts | 44 | €86,896 | €53,130 | -€33,766 | -38.9% |
| Suppliers | 440/4 | €86,896 | €53,130 | -€33,766 | -38.9% |
| Taxes, remuneration and social security | 45 | €23,918 | €18,412 | -€5,505 | -23.0% |
| Taxes | 450/3 | €13,846 | €16,287 | +€2,441 | +17.6% |
| Remuneration and social security | 454/9 | €10,072 | €2,125 | -€7,947 | -78.9% |
| Other amounts payable | 47/48 | €19,602 | - | -€19,602 | |
| Accrued charges and deferred income | 492/3 | €1,506 | €1,925 | +€420 | +27.9% |
| Non-recurring operating income | 76A | - | €2,265 | +€2,265 | |
| Remuneration, social security and pensions | 62 | €59,304 | €14,265 | -€45,038 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,972 | €6,903 | -€31,068 | -81.8% |
| Other operating charges | 640/8 | €5,242 | €897 | -€4,345 | -82.9% |
| Non-recurring operating charges | 66A | - | €446 | +€446 | |
| Gross operating margin | 9900 | €75,284 | €215,750 | +€140,466 | +187% |
| Operating profit (loss) | 9901 | -€27,233 | €193,239 | +€220,471 | |
| Financial income | 75/76B | €248 | €12,348 | +€12,100 | +4,880% |
| Recurring financial income | 75 | €248 | €2,855 | +€2,607 | +1,052% |
| Non-recurring financial income | 76B | - | €9,493 | +€9,493 | |
| Financial charges | 65/66B | €6,523 | €6,158 | -€365 | -5.6% |
| Recurring financial charges | 65 | €6,523 | €6,158 | -€365 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,508 | €199,429 | +€232,937 | |
| Income taxes | 67/77 | €277 | €11,672 | +€11,395 | +4,119% |
| Profit (loss) for the period | 9904 | -€33,784 | €187,757 | +€221,541 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,784 | €187,757 | +€221,541 |
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 18 October 2026 via checked.be.