C - PLAN: 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.
C - PLAN
Largest movements
- Receivables within one year +€163,582
up €163,582 (+95.5%), from €171,369 to €334,950
of which Other amounts receivable: +€165,321
- Tangible fixed assets -€31,632
down €31,632 (-6.1%), from €515,345 to €483,713
of which Land and buildings: -€32,392
- Reserves +€176,932
up €176,932 (+31.4%), from €563,104 to €740,037
- Debts after one year -€52,227
down €52,227 (-19.0%), from €274,615 to €222,387
- Short-term financial debts -€24,674
down €24,674 (-98.8%), from €24,965 to €291
- Tax, wage and social debts +€23,619
up €23,619 (+20.9%), from €112,855 to €136,474
- Current portion of long-term debt +€20,393
up €20,393 (+39.7%), from €51,424 to €71,817
- Financial income +€74,807
up €74,807 (+318%), from €23,528 to €98,335
of which Non-recurring financial income: +€65,338
- Taxes +€7,903
up €7,903 (+14.4%), from €54,920 to €62,823
- Gross operating margin -€5,615
down €5,615 (-2.7%), from €205,313 to €199,698
- Other operating charges -€2,753
down €2,753 (-43.1%), from €6,385 to €3,632
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 | €1,074,688 | €1,218,227 | +€143,539 | +13.4% |
| Fixed assets | 21/28 | €515,345 | €483,713 | -€31,632 | -6.1% |
| Tangible fixed assets | 22/27 | €515,345 | €483,713 | -€31,632 | -6.1% |
| Land and buildings | 22 | €505,589 | €473,197 | -€32,392 | -6.4% |
| Plant, machinery and equipment | 23 | €8,590 | €6,319 | -€2,272 | -26.4% |
| Furniture and vehicles | 24 | €1,165 | €4,197 | +€3,032 | +260% |
| Current assets | 29/58 | €559,343 | €734,514 | +€175,171 | +31.3% |
| Amounts receivable after more than one year | 29 | €348,000 | €348,000 | = | 0.0% |
| Other amounts receivable | 291 | €348,000 | €348,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,369 | €334,950 | +€163,582 | +95.5% |
| Trade receivables | 40 | €1,739 | - | -€1,739 | |
| Other amounts receivable | 41 | €169,629 | €334,950 | +€165,321 | +97.5% |
| Cash at bank and in hand | 54/58 | €16,447 | €18,567 | +€2,120 | +12.9% |
| Deferred charges and accrued income | 490/1 | €23,528 | €32,997 | +€9,469 | +40.2% |
| Total equity and liabilities | 10/49 | €1,074,688 | €1,218,227 | +€143,539 | +13.4% |
| Equity | 10/15 | €569,304 | €746,237 | +€176,932 | +31.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €563,104 | €740,037 | +€176,932 | +31.4% |
| Distributable reserves | 133 | €563,104 | €740,037 | +€176,932 | +31.4% |
| Amounts payable | 17/49 | €505,384 | €471,990 | -€33,394 | -6.6% |
| Amounts payable after more than one year | 17 | €274,615 | €222,387 | -€52,227 | -19.0% |
| Financial debts | 170/4 | €274,615 | €222,387 | -€52,227 | -19.0% |
| Amounts payable within one year | 42/48 | €230,769 | €243,603 | +€12,834 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €51,424 | €71,817 | +€20,393 | +39.7% |
| Financial debts | 43 | €24,965 | €291 | -€24,674 | -98.8% |
| Credit institutions | 430/8 | €24,965 | €291 | -€24,674 | -98.8% |
| Trade debts | 44 | €10,493 | €3,989 | -€6,505 | -62.0% |
| Suppliers | 440/4 | €10,493 | €3,989 | -€6,505 | -62.0% |
| Taxes, remuneration and social security | 45 | €112,855 | €136,474 | +€23,619 | +20.9% |
| Taxes | 450/3 | €112,855 | €136,474 | +€23,619 | +20.9% |
| Other amounts payable | 47/48 | €31,032 | €31,032 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Non-recurring operating income | 76A | €13,298 | - | -€13,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,503 | €35,173 | -€1,329 | -3.6% |
| Other operating charges | 640/8 | €6,385 | €3,632 | -€2,753 | -43.1% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €205,313 | €199,698 | -€5,615 | -2.7% |
| Operating profit (loss) | 9901 | €162,423 | €160,892 | -€1,531 | -0.9% |
| Financial income | 75/76B | €23,528 | €98,335 | +€74,807 | +318% |
| Recurring financial income | 75 | €23,528 | €32,997 | +€9,469 | +40.2% |
| Non-recurring financial income | 76B | - | €65,338 | +€65,338 | |
| Financial charges | 65/66B | €18,387 | €19,472 | +€1,085 | +5.9% |
| Recurring financial charges | 65 | €18,387 | €19,472 | +€1,085 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €167,564 | €239,755 | +€72,191 | +43.1% |
| Income taxes | 67/77 | €54,920 | €62,823 | +€7,903 | +14.4% |
| Profit (loss) for the period | 9904 | €112,644 | €176,932 | +€64,288 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,644 | €176,932 | +€64,288 | +57.1% |
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 14 October 2026 via checked.be.