CALLING BRUSSELS: 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.
CALLING BRUSSELS
Largest movements
- Cash -€52,491
down €52,491 (-38.8%), from €135,411 to €82,920
mainly Contributions, distributions and other (-€84,117) and Other debts (-€63,275)
- Receivables within one year -€18,399
down €18,399 (-40.0%), from €45,973 to €27,574
of which Other amounts receivable: -€18,440
- Other debts -€63,275
down €63,275 (-45.5%), from €139,153 to €75,878
- Tax, wage and social debts -€6,373
down €6,373 (-28.7%), from €22,166 to €15,794
- Trade debts -€2,360
down €2,360 (-45.8%), from €5,156 to €2,796
- Gross operating margin +€5,989
up €5,989 (+5.7%), from €104,175 to €110,164
- Taxes +€1,700
up €1,700 (+7.9%), from €21,519 to €23,219
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 | €186,935 | €114,927 | -€72,008 | -38.5% |
| Fixed assets | 21/28 | €5,551 | €3,702 | -€1,849 | -33.3% |
| Tangible fixed assets | 22/27 | €5,551 | €3,702 | -€1,849 | -33.3% |
| Furniture and vehicles | 24 | €5,551 | €3,702 | -€1,849 | -33.3% |
| Current assets | 29/58 | €181,384 | €111,225 | -€70,159 | -38.7% |
| Amounts receivable within one year | 40/41 | €45,973 | €27,574 | -€18,399 | -40.0% |
| Trade receivables | 40 | €27,533 | €27,574 | +€41 | +0.1% |
| Other amounts receivable | 41 | €18,440 | - | -€18,440 | |
| Cash at bank and in hand | 54/58 | €135,411 | €82,920 | -€52,491 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €731 | +€731 | |
| Total equity and liabilities | 10/49 | €186,935 | €114,927 | -€72,008 | -38.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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% |
| Amounts payable | 17/49 | €166,475 | €94,467 | -€72,008 | -43.3% |
| Amounts payable within one year | 42/48 | €166,475 | €94,467 | -€72,008 | -43.3% |
| Trade debts | 44 | €5,156 | €2,796 | -€2,360 | -45.8% |
| Suppliers | 440/4 | €5,156 | €2,796 | -€2,360 | -45.8% |
| Taxes, remuneration and social security | 45 | €22,166 | €15,794 | -€6,373 | -28.7% |
| Taxes | 450/3 | €22,166 | €15,794 | -€6,373 | -28.7% |
| Other amounts payable | 47/48 | €139,153 | €75,878 | -€63,275 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €1,849 | +€0 | 0.0% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €104,175 | €110,164 | +€5,989 | +5.7% |
| Operating profit (loss) | 9901 | €101,555 | €107,916 | +€6,361 | +6.3% |
| Financial charges | 65/66B | €330 | €580 | +€250 | +75.7% |
| Recurring financial charges | 65 | €330 | €580 | +€250 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €101,225 | €107,336 | +€6,111 | +6.0% |
| Income taxes | 67/77 | €21,519 | €23,219 | +€1,700 | +7.9% |
| Profit (loss) for the period | 9904 | €79,706 | €84,117 | +€4,411 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,706 | €84,117 | +€4,411 | +5.5% |
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 3 October 2026 via checked.be.