BY-CONCEPT: 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.
BY-CONCEPT
Largest movements
- Cash -€271,126
down €271,126 (-78.5%), from €345,371 to €74,246
mainly Debts after one year (-€194,780) and Investment in fixed assets (net) (-€56,791)
- Tangible fixed assets +€18,468
up €18,468 (+3.6%), from €508,234 to €526,702
of which Leasing and similar rights: +€74,033
- Debts after one year -€194,780
down €194,780 (-62.7%), from €310,748 to €115,968
of which Other amounts payable: -€157,293
- Current portion of long-term debt -€37,983
down €37,983 (-58.6%), from €64,820 to €26,838
- Tax, wage and social debts -€27,730
down €27,730 (-90.2%), from €30,751 to €3,021
- Profit (loss) carried forward +€19,620
up €19,620 (+6.6%), from €296,956 to €316,576
- Trade debts -€18,284
down €18,284 (-83.6%), from €21,866 to €3,582
- Depreciation -€46,685
down €46,685 (-54.9%), from €85,008 to €38,323
- Gross operating margin -€13,155
down €13,155 (-8.4%), from €157,439 to €144,284
- Financial income +€10,647
up €10,647 (+148,290%), from €7 to €10,654
- Financial charges -€9,893
down €9,893 (-52.3%), from €18,909 to €9,016
- Taxes -€6,625
down €6,625 (-39.2%), from €16,898 to €10,273
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 | €880,287 | €614,558 | -€265,730 | -30.2% |
| Fixed assets | 21/28 | €508,334 | €526,802 | +€18,468 | +3.6% |
| Tangible fixed assets | 22/27 | €508,234 | €526,702 | +€18,468 | +3.6% |
| Land and buildings | 22 | €416,240 | €390,922 | -€25,318 | -6.1% |
| Plant, machinery and equipment | 23 | €11,325 | €1,055 | -€10,270 | -90.7% |
| Furniture and vehicles | 24 | €38,832 | €18,937 | -€19,895 | -51.2% |
| Leasing and similar rights | 25 | €40,695 | €114,728 | +€74,033 | +182% |
| Other tangible fixed assets | 26 | €1,142 | €1,061 | -€82 | -7.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €371,953 | €87,755 | -€284,198 | -76.4% |
| Amounts receivable within one year | 40/41 | €14,252 | €8,194 | -€6,057 | -42.5% |
| Trade receivables | 40 | €4,316 | €1,443 | -€2,873 | -66.6% |
| Other amounts receivable | 41 | €9,936 | €6,751 | -€3,185 | -32.1% |
| Current investments | 50/53 | €2 | €2 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €345,371 | €74,246 | -€271,126 | -78.5% |
| Deferred charges and accrued income | 490/1 | €12,327 | €5,313 | -€7,015 | -56.9% |
| Total equity and liabilities | 10/49 | €880,287 | €614,558 | -€265,730 | -30.2% |
| Equity | 10/15 | €440,726 | €460,346 | +€19,620 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €123,770 | €123,770 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €121,770 | €121,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,956 | €316,576 | +€19,620 | +6.6% |
| Amounts payable | 17/49 | €439,561 | €154,212 | -€285,349 | -64.9% |
| Amounts payable after more than one year | 17 | €310,748 | €115,968 | -€194,780 | -62.7% |
| Financial debts | 170/4 | €107,513 | €70,027 | -€37,487 | -34.9% |
| Other amounts payable | 178/9 | €203,234 | €45,942 | -€157,293 | -77.4% |
| Amounts payable within one year | 42/48 | €128,146 | €37,576 | -€90,570 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €64,820 | €26,838 | -€37,983 | -58.6% |
| Trade debts | 44 | €21,866 | €3,582 | -€18,284 | -83.6% |
| Suppliers | 440/4 | €21,866 | €3,582 | -€18,284 | -83.6% |
| Taxes, remuneration and social security | 45 | €30,751 | €3,021 | -€27,730 | -90.2% |
| Taxes | 450/3 | €30,751 | €3,021 | -€27,730 | -90.2% |
| Other amounts payable | 47/48 | €10,709 | €4,136 | -€6,573 | -61.4% |
| Accrued charges and deferred income | 492/3 | €667 | €667 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,008 | €38,323 | -€46,685 | -54.9% |
| Other operating charges | 640/8 | €7,636 | €13,763 | +€6,127 | +80.2% |
| Non-recurring operating charges | 66A | - | €63,944 | +€63,944 | |
| Gross operating margin | 9900 | €157,439 | €144,284 | -€13,155 | -8.4% |
| Operating profit (loss) | 9901 | €64,796 | €28,255 | -€36,541 | -56.4% |
| Financial income | 75/76B | €7 | €10,654 | +€10,647 | +148,290% |
| Recurring financial income | 75 | €7 | €10,654 | +€10,647 | +148,290% |
| Financial charges | 65/66B | €18,909 | €9,016 | -€9,893 | -52.3% |
| Recurring financial charges | 65 | €18,909 | €9,016 | -€9,893 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €45,894 | €29,893 | -€16,001 | -34.9% |
| Income taxes | 67/77 | €16,898 | €10,273 | -€6,625 | -39.2% |
| Profit (loss) for the period | 9904 | €28,996 | €19,620 | -€9,377 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,996 | €19,620 | -€9,377 | -32.3% |
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 20 October 2026 via checked.be.