BOOK OFFICE: 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.
BOOK OFFICE
Largest movements
- Tangible fixed assets +€94,609
up €94,609 (+31.5%), from €300,328 to €394,937
of which Furniture and vehicles: +€104,858
- Cash -€16,373
down €16,373 (-44.9%), from €36,436 to €20,063
mainly Investment in fixed assets (net) (-€164,886) and Receivables within one year (-€15,417)
- Receivables within one year +€15,417
up €15,417 (+206%), from €7,495 to €22,913
of which Other amounts receivable: +€11,636
- Other debts +€42,571
up €42,571 (+67.7%), from €62,918 to €105,489
- Debts after one year +€24,037
up €24,037 (+14.4%), from €166,500 to €190,537
- Reserves +€20,747
up €20,747 (+80.2%), from €25,860 to €46,607
of which Tax-exempt reserves: +€20,747
- Provisions +€5,187
new in 2025: €5,187
- Turnover +€58,659
up €58,659 (+55.9%), from €105,017 to €163,677
- Gross operating margin +€53,635
up €53,635 (+73.4%), from €73,057 to €126,692
- Purchases and services +€20,038
up €20,038 (+34.7%), from €57,805 to €77,843
- Depreciation +€16,175
up €16,175 (+29.9%), from €54,102 to €70,277
- Other operating charges +€11,867
up €11,867 (+107%), from €11,088 to €22,954
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 | €352,025 | €446,424 | +€94,398 | +26.8% |
| Fixed assets | 21/28 | €300,328 | €394,937 | +€94,609 | +31.5% |
| Tangible fixed assets | 22/27 | €300,328 | €394,937 | +€94,609 | +31.5% |
| Land and buildings | 22 | €206,000 | €184,599 | -€21,401 | -10.4% |
| Plant, machinery and equipment | 23 | €1,828 | €12,979 | +€11,151 | +610% |
| Furniture and vehicles | 24 | €92,500 | €197,359 | +€104,858 | +113% |
| Current assets | 29/58 | €51,697 | €51,487 | -€211 | -0.4% |
| Amounts receivable within one year | 40/41 | €7,495 | €22,913 | +€15,417 | +206% |
| Trade receivables | 40 | €2,500 | €6,281 | +€3,781 | +151% |
| Other amounts receivable | 41 | €4,995 | €16,631 | +€11,636 | +233% |
| Cash at bank and in hand | 54/58 | €36,436 | €20,063 | -€16,373 | -44.9% |
| Deferred charges and accrued income | 490/1 | €7,766 | €8,511 | +€745 | +9.6% |
| Total equity and liabilities | 10/49 | €352,025 | €446,424 | +€94,398 | +26.8% |
| Equity | 10/15 | €105,265 | €124,224 | +€18,959 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,860 | €46,607 | +€20,747 | +80.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €20,747 | +€20,747 | |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,805 | €59,017 | -€1,788 | -2.9% |
| Provisions and deferred taxes | 16 | - | €5,187 | +€5,187 | |
| Deferred taxes | 168 | - | €5,187 | +€5,187 | |
| Amounts payable | 17/49 | €246,760 | €317,013 | +€70,252 | +28.5% |
| Amounts payable after more than one year | 17 | €166,500 | €190,537 | +€24,037 | +14.4% |
| Financial debts | 170/4 | €166,500 | €190,537 | +€24,037 | +14.4% |
| Amounts payable within one year | 42/48 | €72,375 | €116,955 | +€44,580 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €3,852 | €6,916 | +€3,064 | +79.5% |
| Trade debts | 44 | €1,377 | €3,850 | +€2,473 | +180% |
| Suppliers | 440/4 | €1,377 | €3,850 | +€2,473 | +180% |
| Taxes, remuneration and social security | 45 | €4,228 | €700 | -€3,528 | -83.4% |
| Taxes | 450/3 | €4,228 | - | -€4,228 | |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €62,918 | €105,489 | +€42,571 | +67.7% |
| Accrued charges and deferred income | 492/3 | €7,886 | €9,520 | +€1,634 | +20.7% |
| Turnover | 70 | €105,017 | €163,677 | +€58,659 | +55.9% |
| Non-recurring operating income | 76A | €13,000 | €31,864 | +€18,864 | +145% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,805 | €77,843 | +€20,038 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,102 | €70,277 | +€16,175 | +29.9% |
| Other operating charges | 640/8 | €11,088 | €22,954 | +€11,867 | +107% |
| Non-recurring operating charges | 66A | €7,149 | €200 | -€6,949 | -97.2% |
| Gross operating margin | 9900 | €73,057 | €126,692 | +€53,635 | +73.4% |
| Operating profit (loss) | 9901 | €718 | €33,261 | +€32,543 | +4,531% |
| Financial income | 75/76B | €703 | €214 | -€489 | -69.5% |
| Recurring financial income | 75 | €703 | €214 | -€489 | -69.5% |
| Financial charges | 65/66B | €6,527 | €7,456 | +€929 | +14.2% |
| Recurring financial charges | 65 | €6,527 | €7,456 | +€929 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,106 | €26,018 | +€31,124 | |
| Transfer from deferred taxes | 780 | - | €948 | +€948 | |
| Transfer to deferred taxes | 680 | - | €6,135 | +€6,135 | |
| Income taxes | 67/77 | €230 | €206 | -€24 | -10.2% |
| Profit (loss) for the period | 9904 | -€5,336 | €20,625 | +€25,961 | |
| Transfer from tax-exempt reserves | 789 | - | €3,792 | +€3,792 | |
| Transfer to tax-exempt reserves | 689 | - | €24,539 | +€24,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,336 | -€122 | +€5,214 | +97.7% |
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 22 October 2026 via checked.be.