BY GRTDCSTR: 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 GRTDCSTR
Largest movements
- Receivables within one year +€30,105
up €30,105 (+86.9%), from €34,626 to €64,731
of which Other amounts receivable: +€17,724
- Cash -€22,422
down €22,422 (-28.2%), from €79,410 to €56,988
mainly Contributions, distributions and other (-€91,685) and Receivables within one year (-€30,105)
- Reserves -€83,066
no longer reported in 2025 (was €83,066)
- Other debts +€75,181
up €75,181 (+2,732%), from €2,752 to €77,933
- Tax, wage and social debts +€15,297
up €15,297 (+389%), from €3,928 to €19,226
- Gross operating margin -€22,157
down €22,157 (-59.1%), from €37,466 to €15,309
- Taxes -€4,988
down €4,988 (-50.7%), from €9,830 to €4,842
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 | €114,286 | €121,969 | +€7,683 | +6.7% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €114,036 | €121,719 | +€7,683 | +6.7% |
| Amounts receivable within one year | 40/41 | €34,626 | €64,731 | +€30,105 | +86.9% |
| Trade receivables | 40 | €34,456 | €46,837 | +€12,381 | +35.9% |
| Other amounts receivable | 41 | €170 | €17,894 | +€17,724 | +10,424% |
| Cash at bank and in hand | 54/58 | €79,410 | €56,988 | -€22,422 | -28.2% |
| Total equity and liabilities | 10/49 | €114,286 | €121,969 | +€7,683 | +6.7% |
| Equity | 10/15 | €101,666 | €18,600 | -€83,066 | -81.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,066 | - | -€83,066 | |
| Distributable reserves | 133 | €83,066 | - | -€83,066 | |
| Amounts payable | 17/49 | €12,621 | €103,369 | +€90,748 | +719% |
| Amounts payable within one year | 42/48 | €12,621 | €103,369 | +€90,748 | +719% |
| Financial debts | 43 | €3,380 | €3,366 | -€14 | -0.4% |
| Credit institutions | 430/8 | €3,380 | €3,366 | -€14 | -0.4% |
| Trade debts | 44 | €2,561 | €2,845 | +€284 | +11.1% |
| Suppliers | 440/4 | €2,561 | €2,845 | +€284 | +11.1% |
| Taxes, remuneration and social security | 45 | €3,928 | €19,226 | +€15,297 | +389% |
| Taxes | 450/3 | €3,928 | €19,226 | +€15,297 | +389% |
| Other amounts payable | 47/48 | €2,752 | €77,933 | +€75,181 | +2,732% |
| Other operating charges | 640/8 | €1,411 | €1,573 | +€161 | +11.4% |
| Gross operating margin | 9900 | €37,466 | €15,309 | -€22,157 | -59.1% |
| Operating profit (loss) | 9901 | €36,055 | €13,736 | -€22,319 | -61.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.9% |
| Financial charges | 65/66B | €525 | €274 | -€251 | -47.7% |
| Recurring financial charges | 65 | €525 | €274 | -€251 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €35,531 | €13,462 | -€22,069 | -62.1% |
| Income taxes | 67/77 | €9,830 | €4,842 | -€4,988 | -50.7% |
| Profit (loss) for the period | 9904 | €25,701 | €8,620 | -€17,081 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,701 | €8,620 | -€17,081 | -66.5% |
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 17 October 2026 via checked.be.