BS-essentials: 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.
BS-essentials
Largest movements
- Cash -€73,503
down €73,503 (-39.7%), from €185,302 to €111,799
mainly Contributions, distributions and other (-€128,982) and Investment in fixed assets (net) (-€46,997)
- Tangible fixed assets +€34,584
up €34,584 (+236.4%), from €14,631 to €49,215
- Current investments -€19,462
down €19,462 (-6.7%), from €289,892 to €270,430
- Receivables within one year -€16,744
down €16,744 (-74.1%), from €22,591 to €5,847
of which Trade receivables: -€17,489
- Reserves -€65,736
down €65,736 (-14.0%), from €469,500 to €403,764
of which Distributable reserves: -€65,736
- Tax, wage and social debts -€12,049
down €12,049 (-58.1%), from €20,723 to €8,674
of which Taxes: -€12,649
- Depreciation +€11,175
up €11,175 (+902.7%), from €1,238 to €12,413
- Gross operating margin -€10,638
down €10,638 (-9.8%), from €108,837 to €98,198
- Taxes -€6,847
down €6,847 (-22.0%), from €31,062 to €24,215
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.
Cash bridge derived
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 | €515,233 | €438,872 | -€76,360 | -14.8% |
| Fixed assets | 21/28 | €14,631 | €49,215 | +€34,584 | +236.4% |
| Tangible fixed assets | 22/27 | €14,631 | €49,215 | +€34,584 | +236.4% |
| Furniture and vehicles | 24 | €14,631 | €49,215 | +€34,584 | +236.4% |
| Current assets | 29/58 | €500,601 | €389,657 | -€110,944 | -22.2% |
| Amounts receivable within one year | 40/41 | €22,591 | €5,847 | -€16,744 | -74.1% |
| Trade receivables | 40 | €22,374 | €4,885 | -€17,489 | -78.2% |
| Other amounts receivable | 41 | €217 | €962 | +€745 | +343.6% |
| Current investments | 50/53 | €289,892 | €270,430 | -€19,462 | -6.7% |
| Cash at bank and in hand | 54/58 | €185,302 | €111,799 | -€73,503 | -39.7% |
| Deferred charges and accrued income | 490/1 | €2,816 | €1,581 | -€1,235 | -43.8% |
| Total equity and liabilities | 10/49 | €515,233 | €438,872 | -€76,360 | -14.8% |
| Equity | 10/15 | €479,693 | €413,957 | -€65,736 | -13.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €469,500 | €403,764 | -€65,736 | -14.0% |
| Tax-exempt reserves | 132 | €229 | €229 | = | 0.0% |
| Distributable reserves | 133 | €469,272 | €403,536 | -€65,736 | -14.0% |
| Profit (loss) carried forward | 14 | €193 | €193 | = | 0.0% |
| Amounts payable | 17/49 | €35,539 | €24,915 | -€10,624 | -29.9% |
| Amounts payable within one year | 42/48 | €35,539 | €24,915 | -€10,624 | -29.9% |
| Trade debts | 44 | €6,115 | €10,951 | +€4,836 | +79.1% |
| Suppliers | 440/4 | €6,115 | €10,951 | +€4,836 | +79.1% |
| Taxes, remuneration and social security | 45 | €20,723 | €8,674 | -€12,049 | -58.1% |
| Taxes | 450/3 | €13,223 | €574 | -€12,649 | -95.7% |
| Remuneration and social security | 454/9 | €7,500 | €8,100 | +€600 | +8.0% |
| Other amounts payable | 47/48 | €8,701 | €5,290 | -€3,411 | -39.2% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €12,413 | +€11,175 | +902.7% |
| Other operating charges | 640/8 | €1,128 | €699 | -€429 | -38.0% |
| Gross operating margin | 9900 | €108,837 | €98,198 | -€10,638 | -9.8% |
| Operating profit (loss) | 9901 | €106,470 | €85,087 | -€21,384 | -20.1% |
| Financial income | 75/76B | €2,629 | €3,230 | +€601 | +22.8% |
| Recurring financial income | 75 | €2,629 | €3,230 | +€601 | +22.8% |
| Financial charges | 65/66B | €477 | €855 | +€378 | +79.2% |
| Recurring financial charges | 65 | €477 | €855 | +€378 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €108,623 | €87,461 | -€21,161 | -19.5% |
| Income taxes | 67/77 | €31,062 | €24,215 | -€6,847 | -22.0% |
| Profit (loss) for the period | 9904 | €77,560 | €63,246 | -€14,315 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,560 | €63,246 | -€14,315 | -18.5% |
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 10 October 2026 via checked.be.