BUSINESS & CO: 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 & CO
Largest movements
- Tangible fixed assets -€29,064
down €29,064 (-3.6%), from €805,437 to €776,373
- Cash -€14,784
down €14,784 (-6.2%), from €239,634 to €224,850
mainly Debts after one year (-€30,410) and Net result for the year (-€12,159)
- Debts after one year -€30,410
down €30,410 (-4.8%), from €631,153 to €600,743
- Profit (loss) carried forward -€12,159
down €12,159 (-513%), from -€2,370 to -€14,529
- Turnover +€43,802
new in 2025: €43,802
- Gross operating margin -€11,416
down €11,416 (-21.6%), from €52,894 to €41,478
- Financial charges +€7,923
up €7,923 (+88.5%), from €8,950 to €16,873
- Purchases and services +€2,324
new in 2025: €2,324
- Other operating charges +€1,066
up €1,066 (+16.1%), from €6,634 to €7,700
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 | €1,118,172 | €1,074,323 | -€43,849 | -3.9% |
| Fixed assets | 21/28 | €805,437 | €776,373 | -€29,064 | -3.6% |
| Tangible fixed assets | 22/27 | €805,437 | €776,373 | -€29,064 | -3.6% |
| Land and buildings | 22 | €805,437 | €776,373 | -€29,064 | -3.6% |
| Current assets | 29/58 | €312,734 | €297,950 | -€14,784 | -4.7% |
| Amounts receivable within one year | 40/41 | €62,900 | €73,100 | +€10,200 | +16.2% |
| Trade receivables | 40 | €62,900 | €73,100 | +€10,200 | +16.2% |
| Cash at bank and in hand | 54/58 | €239,634 | €224,850 | -€14,784 | -6.2% |
| Deferred charges and accrued income | 490/1 | €10,200 | - | -€10,200 | |
| Total equity and liabilities | 10/49 | €1,118,172 | €1,074,323 | -€43,849 | -3.9% |
| Equity | 10/15 | €10,030 | -€2,129 | -€12,159 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,370 | -€14,529 | -€12,159 | -513% |
| Amounts payable | 17/49 | €1,108,141 | €1,076,452 | -€31,689 | -2.9% |
| Amounts payable after more than one year | 17 | €631,153 | €600,743 | -€30,410 | -4.8% |
| Financial debts | 170/4 | €631,153 | €600,743 | -€30,410 | -4.8% |
| Amounts payable within one year | 42/48 | €476,988 | €475,709 | -€1,279 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €26,342 | €27,800 | +€1,458 | +5.5% |
| Trade debts | 44 | €23,424 | €18,795 | -€4,629 | -19.8% |
| Suppliers | 440/4 | €23,424 | €18,795 | -€4,629 | -19.8% |
| Other amounts payable | 47/48 | €427,223 | €429,114 | +€1,891 | +0.4% |
| Turnover | 70 | - | €43,802 | +€43,802 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,324 | +€2,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,064 | €29,064 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,634 | €7,700 | +€1,066 | +16.1% |
| Gross operating margin | 9900 | €52,894 | €41,478 | -€11,416 | -21.6% |
| Operating profit (loss) | 9901 | €17,196 | €4,714 | -€12,482 | -72.6% |
| Financial charges | 65/66B | €8,950 | €16,873 | +€7,923 | +88.5% |
| Recurring financial charges | 65 | €8,950 | €16,873 | +€7,923 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €8,246 | -€12,159 | -€20,405 | |
| Profit (loss) for the period | 9904 | €8,246 | -€12,159 | -€20,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,246 | -€12,159 | -€20,405 |
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 26 October 2026 via checked.be.