BUSINESSWISE: 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.
BUSINESSWISE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts +€19,442
new in 2025: €19,442
- Reserves -€18,713
down €18,713 (-39.3%), from €47,631 to €28,917
of which Distributable reserves: -€18,713
- Gross operating margin -€9,119
down €9,119 (-134%), from -€6,806 to -€15,925
- Other operating charges +€388
up €388 (+45.6%), from €852 to €1,240
- Financial charges +€229
up €229 (+86.2%), from €266 to €495
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 | €144,317 | €144,154 | -€163 | -0.1% |
| Fixed assets | 21/28 | €142,620 | €141,742 | -€878 | -0.6% |
| Tangible fixed assets | 22/27 | €141,748 | €140,871 | -€878 | -0.6% |
| Land and buildings | 22 | €132,603 | €132,603 | = | 0.0% |
| Other tangible fixed assets | 26 | €9,145 | €8,267 | -€878 | -9.6% |
| Financial fixed assets | 28 | €872 | €872 | = | 0.0% |
| Current assets | 29/58 | €1,697 | €2,411 | +€715 | +42.1% |
| Amounts receivable within one year | 40/41 | €622 | €1,790 | +€1,168 | +188% |
| Other amounts receivable | 41 | €622 | €1,790 | +€1,168 | +188% |
| Cash at bank and in hand | 54/58 | €487 | €0 | -€487 | -100% |
| Deferred charges and accrued income | 490/1 | €587 | €621 | +€34 | +5.9% |
| Total equity and liabilities | 10/49 | €144,317 | €144,154 | -€163 | -0.1% |
| Equity | 10/15 | €109,631 | €90,917 | -€18,713 | -17.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €47,631 | €28,917 | -€18,713 | -39.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €41,431 | €22,717 | -€18,713 | -45.2% |
| Amounts payable | 17/49 | €34,686 | €53,236 | +€18,550 | +53.5% |
| Amounts payable after more than one year | 17 | €32,500 | €32,500 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €32,500 | €32,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,186 | €20,736 | +€18,550 | +849% |
| Financial debts | 43 | - | €19,442 | +€19,442 | |
| Credit institutions | 430/8 | - | €19,442 | +€19,442 | |
| Trade debts | 44 | €916 | €214 | -€702 | -76.6% |
| Suppliers | 440/4 | €916 | €214 | -€702 | -76.6% |
| Taxes, remuneration and social security | 45 | €174 | €351 | +€176 | +101% |
| Taxes | 450/3 | €174 | €351 | +€176 | +101% |
| Other amounts payable | 47/48 | €1,096 | €730 | -€366 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €878 | = | 0.0% |
| Other operating charges | 640/8 | €852 | €1,240 | +€388 | +45.6% |
| Gross operating margin | 9900 | -€6,806 | -€15,925 | -€9,119 | -134% |
| Operating profit (loss) | 9901 | -€8,536 | -€18,042 | -€9,507 | -111% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.8% |
| Financial charges | 65/66B | €266 | €495 | +€229 | +86.2% |
| Recurring financial charges | 65 | €266 | €495 | +€229 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,801 | -€18,537 | -€9,736 | -111% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€8,976 | -€18,713 | -€9,738 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,976 | -€18,713 | -€9,738 | -108% |
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 24 October 2026 via checked.be.