BUSINESS CLASS: 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.
BUSINESS CLASS
Largest movements
- Tangible fixed assets -€21,330
down €21,330 (-20.9%), from €102,202 to €80,872
of which Land and buildings: -€19,424
- Receivables within one year +€1,720
new in 2025: €1,720
- Profit (loss) carried forward -€15,552
down €15,552 (-5.9%), from -€261,691 to -€277,243
- Other debts -€3,572
down €3,572 (-6.4%), from €55,612 to €52,040
- Gross operating margin -€3,176
down €3,176 (-23.0%), from €13,828 to €10,652
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 | €112,523 | €92,970 | -€19,552 | -17.4% |
| Fixed assets | 21/28 | €102,202 | €80,872 | -€21,330 | -20.9% |
| Tangible fixed assets | 22/27 | €102,202 | €80,872 | -€21,330 | -20.9% |
| Land and buildings | 22 | €96,835 | €77,412 | -€19,424 | -20.1% |
| Plant, machinery and equipment | 23 | €2,014 | €1,390 | -€625 | -31.0% |
| Furniture and vehicles | 24 | €3,352 | €2,071 | -€1,282 | -38.2% |
| Current assets | 29/58 | €10,320 | €12,098 | +€1,778 | +17.2% |
| Amounts receivable within one year | 40/41 | - | €1,720 | +€1,720 | |
| Trade receivables | 40 | - | €1,720 | +€1,720 | |
| Cash at bank and in hand | 54/58 | €9,512 | €10,378 | +€866 | +9.1% |
| Deferred charges and accrued income | 490/1 | €808 | - | -€808 | |
| Total equity and liabilities | 10/49 | €112,523 | €92,970 | -€19,552 | -17.4% |
| Equity | 10/15 | €56,408 | €40,856 | -€15,552 | -27.6% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,691 | -€277,243 | -€15,552 | -5.9% |
| Amounts payable | 17/49 | €56,115 | €52,115 | -€4,000 | -7.1% |
| Amounts payable within one year | 42/48 | €56,115 | €52,115 | -€4,000 | -7.1% |
| Trade debts | 44 | €503 | €75 | -€428 | -85.1% |
| Suppliers | 440/4 | €503 | €75 | -€428 | -85.1% |
| Other amounts payable | 47/48 | €55,612 | €52,040 | -€3,572 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,330 | €21,330 | = | 0.0% |
| Other operating charges | 640/8 | €4,725 | €4,723 | -€2 | 0.0% |
| Gross operating margin | 9900 | €13,828 | €10,652 | -€3,176 | -23.0% |
| Operating profit (loss) | 9901 | -€12,227 | -€15,401 | -€3,174 | -26.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €155 | €151 | -€4 | -2.6% |
| Recurring financial charges | 65 | €155 | €151 | -€4 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,383 | -€15,552 | -€3,169 | -25.6% |
| Profit (loss) for the period | 9904 | -€12,383 | -€15,552 | -€3,169 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,383 | -€15,552 | -€3,169 | -25.6% |
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 12 October 2026 via checked.be.