BORD DE SAMBRE: 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.
BORD DE SAMBRE
Largest movements
- Deferred charges and accrued income +€52,405
up €52,405 (+120%), from €43,814 to €96,219
- Tangible fixed assets -€36,691
down €36,691 (-5.4%), from €679,118 to €642,426
of which Land and buildings: -€34,618
- Receivables within one year -€7,649
down €7,649 (-91.8%), from €8,333 to €684
- Other debts +€20,650
up €20,650 (+11.2%), from €184,916 to €205,566
- Debts after one year -€18,163
down €18,163 (-17.6%), from €102,984 to €84,821
- Profit (loss) carried forward +€8,051
up €8,051 (+4.5%), from -€177,874 to -€169,823
- Gross operating margin -€2,661
down €2,661 (-4.7%), from €56,525 to €53,864
- Other operating charges +€931
up €931 (+23.1%), from €4,027 to €4,958
- Financial charges -€607
down €607 (-12.7%), from €4,770 to €4,163
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 | €733,411 | €739,439 | +€6,028 | +0.8% |
| Fixed assets | 21/28 | €679,119 | €642,427 | -€36,691 | -5.4% |
| Tangible fixed assets | 22/27 | €679,118 | €642,426 | -€36,691 | -5.4% |
| Land and buildings | 22 | €662,774 | €628,157 | -€34,618 | -5.2% |
| Other tangible fixed assets | 26 | €16,344 | €14,270 | -€2,074 | -12.7% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €54,292 | €97,012 | +€42,719 | +78.7% |
| Amounts receivable within one year | 40/41 | €8,333 | €684 | -€7,649 | -91.8% |
| Other amounts receivable | 41 | €8,333 | €684 | -€7,649 | -91.8% |
| Cash at bank and in hand | 54/58 | €2,145 | €108 | -€2,037 | -95.0% |
| Deferred charges and accrued income | 490/1 | €43,814 | €96,219 | +€52,405 | +120% |
| Total equity and liabilities | 10/49 | €733,411 | €739,439 | +€6,028 | +0.8% |
| Equity | 10/15 | €421,792 | €429,843 | +€8,051 | +1.9% |
| Contributions | 10/11 | €599,667 | €599,667 | = | 0.0% |
| Capital | 10 | €599,667 | €599,667 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Uncalled capital | 101 | €333 | €333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,874 | -€169,823 | +€8,051 | +4.5% |
| Amounts payable | 17/49 | €311,619 | €309,596 | -€2,023 | -0.6% |
| Amounts payable after more than one year | 17 | €102,984 | €84,821 | -€18,163 | -17.6% |
| Financial debts | 170/4 | €102,984 | €84,821 | -€18,163 | -17.6% |
| Amounts payable within one year | 42/48 | €207,635 | €223,775 | +€16,140 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €17,529 | €18,163 | +€634 | +3.6% |
| Trade debts | 44 | €5,190 | €46 | -€5,144 | -99.1% |
| Suppliers | 440/4 | €5,190 | €46 | -€5,144 | -99.1% |
| Other amounts payable | 47/48 | €184,916 | €205,566 | +€20,650 | +11.2% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,549 | €36,691 | +€143 | +0.4% |
| Other operating charges | 640/8 | €4,027 | €4,958 | +€931 | +23.1% |
| Non-recurring operating charges | 66A | €24,285 | - | -€24,285 | |
| Gross operating margin | 9900 | €56,525 | €53,864 | -€2,661 | -4.7% |
| Operating profit (loss) | 9901 | -€8,336 | €12,214 | +€20,550 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,770 | €4,163 | -€607 | -12.7% |
| Recurring financial charges | 65 | €4,770 | €4,163 | -€607 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,106 | €8,051 | +€21,157 | |
| Profit (loss) for the period | 9904 | -€13,106 | €8,051 | +€21,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,106 | €8,051 | +€21,157 |
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 30 October 2026 via checked.be.