BY LOCATION: 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 LOCATION
Largest movements
- Tangible fixed assets -€8,459
down €8,459 (-6.7%), from €126,516 to €118,057
- Profit (loss) carried forward -€10,254
down €10,254 (-5.3%), from -€194,364 to -€204,618
- Debts after one year +€1,781
up €1,781 (+2.1%), from €83,526 to €85,307
- Gross operating margin +€2,764
up €2,764, from -€1,550 to €1,214
- Other operating charges +€58
up €58 (+2.0%), from €2,912 to €2,971
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 | €130,634 | €122,149 | -€8,485 | -6.5% |
| Fixed assets | 21/28 | €126,516 | €118,057 | -€8,459 | -6.7% |
| Tangible fixed assets | 22/27 | €126,516 | €118,057 | -€8,459 | -6.7% |
| Land and buildings | 22 | €126,516 | €118,057 | -€8,459 | -6.7% |
| Current assets | 29/58 | €4,118 | €4,092 | -€26 | -0.6% |
| Stocks and contracts in progress | 3 | €2,867 | €2,867 | = | 0.0% |
| Stocks | 30/36 | €2,867 | €2,867 | = | 0.0% |
| Current investments | 50/53 | €13 | €13 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €1,238 | €1,212 | -€26 | -2.1% |
| Total equity and liabilities | 10/49 | €130,634 | €122,149 | -€8,485 | -6.5% |
| Equity | 10/15 | €47,096 | €36,842 | -€10,254 | -21.8% |
| Contributions | 10/11 | €239,600 | €239,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,364 | -€204,618 | -€10,254 | -5.3% |
| Amounts payable | 17/49 | €83,538 | €85,307 | +€1,769 | +2.1% |
| Amounts payable after more than one year | 17 | €83,526 | €85,307 | +€1,781 | +2.1% |
| Other amounts payable | 178/9 | €83,526 | €85,307 | +€1,781 | +2.1% |
| Amounts payable within one year | 42/48 | €13 | - | -€13 | |
| Trade debts | 44 | €13 | - | -€13 | |
| Suppliers | 440/4 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,459 | €8,459 | = | 0.0% |
| Other operating charges | 640/8 | €2,912 | €2,971 | +€58 | +2.0% |
| Gross operating margin | 9900 | -€1,550 | €1,214 | +€2,764 | |
| Operating profit (loss) | 9901 | -€12,921 | -€10,216 | +€2,705 | +20.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -81.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -81.8% |
| Financial charges | 65/66B | €38 | €38 | = | 0.0% |
| Recurring financial charges | 65 | €38 | €38 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,959 | -€10,254 | +€2,705 | +20.9% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€12,959 | -€10,254 | +€2,705 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,959 | -€10,254 | +€2,705 | +20.9% |
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 11 October 2026 via checked.be.