Bytesize: 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.
Bytesize
Largest movements
- Cash +€237,412
up €237,412 (+449.7%), from €52,796 to €290,208
mainly Other debts (+€369,442) and Investment in fixed assets (net) (+€206,716)
- Tangible fixed assets -€217,568
down €217,568 (-79.7%), from €272,918 to €55,350
of which Land and buildings: -€203,062
- Receivables within one year -€176,194
down €176,194 (-75.7%), from €232,839 to €56,645
of which Trade receivables: -€175,607
- Other debts +€369,442
up €369,442 (+2388.8%), from €15,465 to €384,907
- Reserves -€254,241
no longer reported in 2025 (was €254,241)
- Debts after one year -€211,626
no longer reported in 2025 (was €211,626)
- Current portion of long-term debt -€21,424
no longer reported in 2025 (was €21,424)
- Tax, wage and social debts -€20,408
down €20,408 (-37.9%), from €53,791 to €33,383
of which Remuneration and social security: -€21,862
- Staff costs -€81,519
down €81,519 (-33.4%), from €243,896 to €162,378
- Taxes +€24,600
up €24,600 (+114.0%), from €21,582 to €46,183
- Gross operating margin +€10,467
up €10,467 (+3.0%), from €354,215 to €364,682
- Depreciation -€7,171
down €7,171 (-34.6%), from €20,730 to €13,560
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 | €577,874 | €418,290 | -€159,584 | -27.6% |
| Fixed assets | 21/28 | €277,628 | €57,353 | -€220,275 | -79.3% |
| Intangible fixed assets | 21 | €4,711 | €2,003 | -€2,708 | -57.5% |
| Tangible fixed assets | 22/27 | €272,918 | €55,350 | -€217,568 | -79.7% |
| Land and buildings | 22 | €203,062 | - | -€203,062 | |
| Furniture and vehicles | 24 | €9,493 | €6,125 | -€3,369 | -35.5% |
| Other tangible fixed assets | 26 | €60,363 | €49,225 | -€11,137 | -18.5% |
| Current assets | 29/58 | €300,246 | €360,937 | +€60,692 | +20.2% |
| Amounts receivable within one year | 40/41 | €232,839 | €56,645 | -€176,194 | -75.7% |
| Trade receivables | 40 | €229,406 | €53,798 | -€175,607 | -76.5% |
| Other amounts receivable | 41 | €3,433 | €2,846 | -€587 | -17.1% |
| Cash at bank and in hand | 54/58 | €52,796 | €290,208 | +€237,412 | +449.7% |
| Deferred charges and accrued income | 490/1 | €14,611 | €14,084 | -€526 | -3.6% |
| Total equity and liabilities | 10/49 | €577,874 | €418,290 | -€159,584 | -27.6% |
| Equity | 10/15 | €254,241 | - | -€254,241 | |
| Reserves | 13 | €254,241 | - | -€254,241 | |
| Distributable reserves | 133 | €254,241 | - | -€254,241 | |
| Amounts payable | 17/49 | €323,633 | €418,290 | +€94,657 | +29.2% |
| Amounts payable after more than one year | 17 | €211,626 | - | -€211,626 | |
| Financial debts | 170/4 | €211,626 | - | -€211,626 | |
| Amounts payable within one year | 42/48 | €112,006 | €418,290 | +€306,284 | +273.5% |
| Current portion of amounts payable after more than one year | 42 | €21,424 | - | -€21,424 | |
| Financial debts | 43 | €6,767 | - | -€6,767 | |
| Credit institutions | 430/8 | €6,767 | - | -€6,767 | |
| Trade debts | 44 | €14,560 | - | -€14,560 | |
| Suppliers | 440/4 | €14,560 | - | -€14,560 | |
| Taxes, remuneration and social security | 45 | €53,791 | €33,383 | -€20,408 | -37.9% |
| Taxes | 450/3 | €18,508 | €19,963 | +€1,455 | +7.9% |
| Remuneration and social security | 454/9 | €35,283 | €13,420 | -€21,862 | -62.0% |
| Other amounts payable | 47/48 | €15,465 | €384,907 | +€369,442 | +2388.8% |
| Non-recurring operating income | 76A | €97,172 | €148,089 | +€50,917 | +52.4% |
| Remuneration, social security and pensions | 62 | €243,896 | €162,378 | -€81,519 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,730 | €13,560 | -€7,171 | -34.6% |
| Other operating charges | 640/8 | €5,928 | €3,876 | -€2,052 | -34.6% |
| Non-recurring operating charges | 66A | - | €3,038 | +€3,038 | |
| Gross operating margin | 9900 | €354,215 | €364,682 | +€10,467 | +3.0% |
| Operating profit (loss) | 9901 | €83,660 | €181,831 | +€98,170 | +117.3% |
| Financial income | 75/76B | €76 | €251 | +€175 | +229.1% |
| Recurring financial income | 75 | €76 | €251 | +€175 | +229.1% |
| Financial charges | 65/66B | €10,431 | €11,285 | +€854 | +8.2% |
| Recurring financial charges | 65 | €10,431 | €11,285 | +€854 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €73,306 | €170,796 | +€97,491 | +133.0% |
| Income taxes | 67/77 | €21,582 | €46,183 | +€24,600 | +114.0% |
| Profit (loss) for the period | 9904 | €51,723 | €124,614 | +€72,891 | +140.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,723 | €124,614 | +€72,891 | +140.9% |
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 10 October 2026 via checked.be.