CLASSE I: 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.
CLASSE I
Largest movements
- Cash +€32,954
up €32,954 (+18.5%), from €178,199 to €211,153
mainly Other debts (+€70,821) and Net result for the year (+€30,038)
- Tangible fixed assets -€12,919
down €12,919 (-23.6%), from €54,701 to €41,782
- Receivables within one year -€10,715
down €10,715 (-68.6%), from €15,628 to €4,913
of which Trade receivables: -€5,662
- Other debts +€70,821
up €70,821 (+267%), from €26,511 to €97,332
- Reserves -€57,587
down €57,587 (-31.9%), from €180,662 to €123,074
- Depreciation +€4,207
up €4,207 (+48.3%), from €8,712 to €12,919
- Financial charges -€2,250
down €2,250 (-94.6%), from €2,379 to €128
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 | €249,571 | €259,638 | +€10,067 | +4.0% |
| Fixed assets | 21/28 | €55,051 | €42,132 | -€12,919 | -23.5% |
| Tangible fixed assets | 22/27 | €54,701 | €41,782 | -€12,919 | -23.6% |
| Furniture and vehicles | 24 | €54,701 | €41,782 | -€12,919 | -23.6% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €194,520 | €217,505 | +€22,985 | +11.8% |
| Amounts receivable within one year | 40/41 | €15,628 | €4,913 | -€10,715 | -68.6% |
| Trade receivables | 40 | €6,518 | €856 | -€5,662 | -86.9% |
| Other amounts receivable | 41 | €9,110 | €4,058 | -€5,052 | -55.5% |
| Cash at bank and in hand | 54/58 | €178,199 | €211,153 | +€32,954 | +18.5% |
| Deferred charges and accrued income | 490/1 | €693 | €1,439 | +€746 | +108% |
| Total equity and liabilities | 10/49 | €249,571 | €259,638 | +€10,067 | +4.0% |
| Equity | 10/15 | €214,129 | €156,541 | -€57,587 | -26.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €180,662 | €123,074 | -€57,587 | -31.9% |
| Distributable reserves | 133 | €180,662 | €123,074 | -€57,587 | -31.9% |
| Profit (loss) carried forward | 14 | €14,875 | €14,875 | = | 0.0% |
| Amounts payable | 17/49 | €35,442 | €103,096 | +€67,654 | +191% |
| Amounts payable within one year | 42/48 | €35,442 | €103,096 | +€67,654 | +191% |
| Trade debts | 44 | €5,062 | €2,760 | -€2,302 | -45.5% |
| Suppliers | 440/4 | €5,062 | €2,760 | -€2,302 | -45.5% |
| Taxes, remuneration and social security | 45 | €3,869 | €3,004 | -€865 | -22.4% |
| Taxes | 450/3 | €3,869 | €3,004 | -€865 | -22.4% |
| Other amounts payable | 47/48 | €26,511 | €97,332 | +€70,821 | +267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €12,919 | +€4,207 | +48.3% |
| Other operating charges | 640/8 | €1,092 | €763 | -€329 | -30.1% |
| Gross operating margin | 9900 | €60,709 | €60,482 | -€227 | -0.4% |
| Operating profit (loss) | 9901 | €50,906 | €46,800 | -€4,106 | -8.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,379 | €128 | -€2,250 | -94.6% |
| Recurring financial charges | 65 | €2,379 | €128 | -€2,250 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €48,527 | €46,672 | -€1,855 | -3.8% |
| Income taxes | 67/77 | €16,586 | €16,634 | +€48 | +0.3% |
| Profit (loss) for the period | 9904 | €31,940 | €30,038 | -€1,903 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,940 | €30,038 | -€1,903 | -6.0% |
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 24 October 2026 via checked.be.