C.O. PERFORMANCE: what changed
Two fiscal 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.
C.O. PERFORMANCE
Largest movements
- Tangible fixed assets -€136,378
down €136,378 (-39.2%), from €348,084 to €211,706
of which Land and buildings: -€142,559
- Receivables within one year -€10,520
down €10,520 (-22.2%), from €47,282 to €36,762
of which Trade receivables: -€10,359
- Other debts -€204,199
down €204,199 (-82.1%), from €248,682 to €44,484
- Profit (loss) carried forward +€35,304
no longer reported in 2025 (was -€35,304)
- Tax, wage and social debts +€7,919
new in 2025: €7,919
- Reserves +€7,760
up €7,760 (+17.4%), from €44,615 to €52,375
- Trade debts +€4,822
up €4,822 (+154.6%), from €3,120 to €7,942
- Gross operating margin +€68,038
up €68,038 (+329.2%), from €20,666 to €88,704
- Taxes +€7,919
new in 2025: €7,919
- Other operating charges +€5,539
up €5,539 (+150.4%), from €3,682 to €9,221
- Depreciation -€1,657
down €1,657 (-5.5%), from €30,109 to €28,452
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 | €407,313 | €258,920 | -€148,393 | -36.4% |
| Fixed assets | 21/28 | €356,038 | €219,660 | -€136,378 | -38.3% |
| Tangible fixed assets | 22/27 | €348,084 | €211,706 | -€136,378 | -39.2% |
| Land and buildings | 22 | €298,305 | €155,746 | -€142,559 | -47.8% |
| Plant, machinery and equipment | 23 | €12,783 | €14,963 | +€2,181 | +17.1% |
| Furniture and vehicles | 24 | €36,996 | €40,997 | +€4,001 | +10.8% |
| Financial fixed assets | 28 | €7,954 | €7,954 | = | 0.0% |
| Current assets | 29/58 | €51,275 | €39,260 | -€12,015 | -23.4% |
| Amounts receivable within one year | 40/41 | €47,282 | €36,762 | -€10,520 | -22.2% |
| Trade receivables | 40 | €44,312 | €33,953 | -€10,359 | -23.4% |
| Other amounts receivable | 41 | €2,970 | €2,809 | -€162 | -5.4% |
| Cash at bank and in hand | 54/58 | €3,443 | €2,498 | -€945 | -27.5% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €407,313 | €258,920 | -€148,393 | -36.4% |
| Equity | 10/15 | €155,511 | €198,575 | +€43,065 | +27.7% |
| Contributions | 10/11 | €146,200 | €146,200 | = | 0.0% |
| Reserves | 13 | €44,615 | €52,375 | +€7,760 | +17.4% |
| Distributable reserves | 133 | €44,615 | €52,375 | +€7,760 | +17.4% |
| Profit (loss) carried forward | 14 | -€35,304 | - | +€35,304 | |
| Amounts payable | 17/49 | €251,802 | €60,344 | -€191,458 | -76.0% |
| Amounts payable within one year | 42/48 | €251,802 | €60,344 | -€191,458 | -76.0% |
| Trade debts | 44 | €3,120 | €7,942 | +€4,822 | +154.6% |
| Suppliers | 440/4 | €3,120 | €7,942 | +€4,822 | +154.6% |
| Taxes, remuneration and social security | 45 | - | €7,919 | +€7,919 | |
| Taxes | 450/3 | - | €7,919 | +€7,919 | |
| Other amounts payable | 47/48 | €248,682 | €44,484 | -€204,199 | -82.1% |
| Non-recurring operating income | 76A | - | €87,414 | +€87,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,109 | €28,452 | -€1,657 | -5.5% |
| Other operating charges | 640/8 | €3,682 | €9,221 | +€5,539 | +150.4% |
| Gross operating margin | 9900 | €20,666 | €88,704 | +€68,038 | +329.2% |
| Operating profit (loss) | 9901 | -€13,125 | €51,031 | +€64,156 | |
| Financial income | 75/76B | €25 | €15 | -€10 | -39.1% |
| Recurring financial income | 75 | €25 | €15 | -€10 | -39.1% |
| Financial charges | 65/66B | €778 | €63 | -€716 | -91.9% |
| Recurring financial charges | 65 | €778 | €63 | -€716 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,879 | €50,983 | +€64,862 | |
| Income taxes | 67/77 | - | €7,919 | +€7,919 | |
| Profit (loss) for the period | 9904 | -€13,879 | €43,065 | +€56,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,879 | €43,065 | +€56,943 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.